Habitat For Neighborhood Business
- Assets
- $1.6m
- Revenue
- $218.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-4480392
Organization Overview
Habitat For Neighborhood Business is located in Saint Louis, MO. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Neighborhood Business is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Habitat For Neighborhood Business generated $218.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $272.9k during the year ending 12/2022. While expenses have increased by 16.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HABITAT FOR NEIGHBORHOOD BUSINESS DEVOTES RESOURCES TO OPERATING A PROGRAM DESIGNED TO STIMULATE ECONOMIC DEVELOPMENT IN DISTRESSED URBAN AREAS INHABITED MAINLY BY LOW-INCOME MINORITY OR OTHER DISADVANTAGED PERSONS. THROUGH ITS ACTIVITIES, THE CORPORATION HOPES TO SPARK ECONOMIC DEVELOPMENT AND JOBS IN ECONOMICALLY DEPRESSED NEIGHBORHOODS, HELP STABLIZE THESE NEIGHBORHOODS AND DISCOURAGE "FLIGHT" FROM THE NEIGHBORHOODS, AND INCREASE THE NUMBER OF BUSINESS ROLE MODELS WITHIN THESE NEIGHBORHOODS SO YOUTH IN THE NEIGHBORHOODS CAN SEE SMALL BUSINESS OWNERSHIP AS A POSSIBLE AVENUE TO SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE BLIGHTED, VACANT OR OTHERWISE DISTRESSED REAL PROPERTY IN AN ECONOMICALLY DEPRESSED URBAN NEIGHBORHOOD, UTILIZE OR CONVERT THE REAL PROPERTY FOR RETAIL BUSINESSES THAT ARE OPERATED BY LOW-INCOME, MINORITY AND DISADVANTAGED PERSONS WHO LIVE IN THE NEIGHBORHOOD (ENTREPRENEURS) AND LEASE THE PROPERTY TO SUCH PERSONS AT A BELOW-MARKET RENTAL RATE.PROVIDE GUIDANCE, LOGISTICAL SUPPORT, PLANNING, BUDGETING, BUSINESS TRAINING, MENTORING, COACHING AND OTHER FORMS OF BUSINESS ADVICE TO ENTREPRENEURS.CONTINUED ON SCHEDULE 0.PROVIDE "REAL LIFE" BUSINESS EXPERIENCE FOR GRADUATE LEVEL BUSINESS STUDENTS AT PARTNER UNIVERSITIES BY ASSISTANCE TO THE ENTREPRENEURS BY THE STUDENTS.ASSIST THE ENTREPRENEURS WITH OBTAINING RESOURCES, INCLUDING PROVIDING A FUNCTIONING COMPUTER, SOFTWARE AND TRAINING FOR EACH ENTREPRENEUR.ARRANGE FOR SECURITY IN ORDER TO PROVIDE A SAFE AREA FOR THE ENTREPRENEURS AND PATRONS OF THEIR BUSINESSES.ORGANIZE MEETINGS BETWEEN ENTREPRENEURS TO ASSIST THEM IN THEIR EDUCATIONAL GROWTH IN BUSINESS.ENCOURAGE AND ESTABLISH SUPPORT AND UNDERSTANDING FOR THE ENTREPRENEURS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas S Brown President | OfficerTrustee | 5 | $0 |
David M Copeland Sec/treas | OfficerTrustee | 8 | $0 |
Richard Weinstock Director | Trustee | 5 | $0 |
Terry Donohue Director | Trustee | 0 | $0 |
Steve Barron Vice President | OfficerTrustee | 2 | $0 |
Richard Sullivan Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,372 |
| Total Program Service Revenue | $71,960 |
| Investment income | $12,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,636 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $69,087 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,497 |
| Office expenses | $0 |
| Information technology | $2,887 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,889 |
| Insurance | $1,647 |
| All other expenses | $10,184 |
| Total functional expenses | $272,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $113,669 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $836,617 |
| Investments—publicly traded securities | $667,354 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $675 |
| Total assets | $1,624,070 |
| Accounts payable and accrued expenses | $32,363 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,290 |
| Total liabilities | $38,653 |
| Net assets without donor restrictions | $1,585,417 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,624,070 |
Grants Awarded
Over the last fiscal year, Habitat For Neighborhood Business has awarded $96,809 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST LOUIS UNIVERSITY PURPOSE: FURTHER ENTREPRENEURSHIP WITHIN ST. LOUIS. | $71,809 |
ST LOUIS AREA FOOD BANK PURPOSE: ASSIST WITH FOOD OUTREACH DURING COVID. | $25,000 |