Habitat For Humanity Of Greater Portland Inc
- Assets
- $4.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Portland, ME
- Founding
- 02/1985
- Data as of
- 06/2022
- EIN
- 22-2570213
Organization Overview
Habitat For Humanity Of Greater Portland Inc is located in Portland, ME. The organization was established in 1985. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Habitat For Humanity Of Greater Portland Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Humanity Of Greater Portland Inc 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 06/2022, Habitat For Humanity Of Greater Portland Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 10.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE DECENT, AFFORDABLE HOUSING FOR THOSE IN NEED, AND TO MAKE DECENT SHELTER A MATTER OF CONSCIENCE WITH PEOPLE EVERYWHERE.
Describe the Organization's Program Activity:
CONSTRUCTION AND SALE OF HOUSES TO QUALIFYING LOWINCOME FAMILIES AT COST, WITH LOWINTEREST OR NOINTEREST FINANCING. WE'VE BUILT 92 HOMES IN SOUTHERN MAINE SINCE 1985. IN FY22 WE COMPLETED TWO OUT OF THREE HOMES IN FREEPORT. LAND WAS PURCHASED FOR EIGHT HOMES TO BE BUILT IN SOUTH PORTLAND. WE STARTED A CRITICAL HOME REPAIR PROGRAM IN FY20 THAT HAS NOW COMPLETED 68 HOME REPAIRS THROUGHOUT CUMBERLAND COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Hill Executive Director | Officer | 40 | $57,733 |
Julie C Ray President | OfficerTrustee | 2 | $0 |
Lex Meagher Vice President | OfficerTrustee | 2 | $0 |
Jeremy Handlon Treasurer | OfficerTrustee | 2 | $0 |
Christine Hume Secretary | OfficerTrustee | 2 | $0 |
Matt Flaherty Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $689,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,418,172 |
| Noncash contributions included in lines 1a–1f | $1,096,633 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,107,934 |
| Total Program Service Revenue | $419,931 |
| Investment income | $805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,339 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$25,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,582,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $118,601 |
| Compensation of current officers, directors, key employees. | $19,007 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $533,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,181 |
| Payroll taxes | $54,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,564 |
| Advertising and promotion | $0 |
| Office expenses | $32,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,075 |
| Travel | $8,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,104 |
| Insurance | $43,323 |
| All other expenses | $94,572 |
| Total functional expenses | $1,720,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,351 |
| Savings and temporary cash investments | $1,055,829 |
| Pledges and grants receivable | $428,518 |
| Accounts receivable, net | $11,831 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $503,678 |
| Inventories for sale or use | $56,480 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,784,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $886,568 |
| Total assets | $4,759,457 |
| Accounts payable and accrued expenses | $83,864 |
| 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 | $1,501,643 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,814 |
| Total liabilities | $1,630,321 |
| Net assets without donor restrictions | $3,084,863 |
| Net assets with donor restrictions | $44,273 |
| 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 | $4,759,457 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Habitat For Humanity Of Greater Portland Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Saco & Biddeford Savings Charitable Foundation Saco, ME PURPOSE: GENERAL OPERATING SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avesta Housing Management Corporation Portland, ME | $3,765,380 | $8,258,375 |
State Street Housing Preservation Corporation Portland, ME | $24,631,700 | $3,259,892 |
Monadnock Affordable Housing Corporation Keene, NH | $28,241,880 | $6,742,174 |
Affordable Housing Education And Development Inc Littleton, NH | $9,970,385 | $3,045,198 |
Bartlett Woods Inc Rockland, ME | $6,101,412 | $2,284,525 |
Housing Foundation Orono, ME | $3,133,048 | $2,829,758 |
Manchester Neighborhood Housing Services Inc Manchester, NH | $9,007,199 | $1,551,770 |
Laconia Area Community Land Trust Laconia, NH | $15,899,939 | $3,154,056 |
Bath Housing Development Corporation Bath, ME | $12,708,509 | $6,289,688 |
Housing Foundation Phase 1 & 2 Orono, ME | $5,226,993 | $1,967,341 |
Habitat For Humanity Of Greater Portland Inc Portland, ME | $4,759,457 | $2,582,640 |
Community Concepts Finance Corp Lewiston, ME | $13,201,299 | $1,637,763 |