Habitat For Humanity Of Greater Portland Inc
- Assets
- $5.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Portland, ME
- Founding
- 02/1985
- Data as of
- 06/2023
- 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 06/2023, Habitat For Humanity Of Greater Portland Inc employed 26 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 06/2023, Habitat For Humanity Of Greater Portland Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 11.3% 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
2023
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 93 HOMES IN SOUTHERN MAINE SINCE 1985. IN FY23 WE COMPLETED THE LAST OF THREE HOMES IN FREEPORT. WE ALSO BEGAN CONSTRUCTION ON TWO HOMES IN SOUTH PORTLAND AND ORDERS WERE PLACED FOR THE FIRST TWO MODULAR HOMES TO BE COMPLETED IN STANDISH. WE STARTED A CRITICAL HOME REPAIR PROGRAM IN FY20 THAT HAS NOW COMPLETED 89 HOME REPAIRS THROUGHOUT CUMBERLAND COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lex Meagher President | OfficerTrustee | 2 | $0 |
Paul Lones Vice President | OfficerTrustee | 2 | $0 |
Justin Stjohn Treasurer | OfficerTrustee | 2 | $0 |
Sarah Correia Director | Trustee | 2 | $0 |
John Fitzsimons Director | Trustee | 2 | $0 |
Linda Halleran Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,355 |
| Related organizations | $0 |
| Government grants | $168,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,393,378 |
| Noncash contributions included in lines 1a–1f | $1,009,455 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,641,981 |
| Total Program Service Revenue | $202,650 |
| Investment income | $12,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$652 |
| 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 | -$31,632 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,824,641 |
| 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. | $129,182 |
| Compensation of current officers, directors, key employees. | $16,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $644,002 |
| Pension plan accruals and contributions | $17,015 |
| Other employee benefits | $76,272 |
| Payroll taxes | $71,899 |
| 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 | $40,983 |
| Advertising and promotion | $7,835 |
| Office expenses | $55,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,255 |
| Travel | $10,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,870 |
| Insurance | $82,803 |
| All other expenses | $89,409 |
| Total functional expenses | $1,966,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $615,469 |
| Pledges and grants receivable | $42,500 |
| Accounts receivable, net | $5,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $491,356 |
| Inventories for sale or use | $64,499 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,732,694 |
| Investments—publicly traded securities | $296,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,741,171 |
| Total assets | $4,989,804 |
| Accounts payable and accrued expenses | $81,626 |
| 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 | $1,871,716 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,634 |
| Total liabilities | $1,996,976 |
| Net assets without donor restrictions | $2,948,828 |
| Net assets with donor restrictions | $44,000 |
| 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 | $4,989,804 |