Morris Habitat For Humanity
- Assets
- $11.6m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 130
- Location
- Randolph, NJ
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 22-2675802
Organization Overview
Morris Habitat For Humanity is located in Randolph, NJ. The organization was established in 1987. 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 12/2023, Morris Habitat For Humanity employed 130 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Morris Habitat For Humanity 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 12/2023, Morris Habitat For Humanity generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $13.4m during the year ending 12/2023. While expenses have increased by 15.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNERSHIP PROGRAM: MORRIS HABITAT FOR HUMANITY CONSTRUCTS, RENOVATES AND REPAIRS HOMES. HOMES ARE SOLD TO INCOME-QUALIFIED PARTNER FAMILIES AT AFFORDABLE PRICES WITH AFFORDABLE MORTGAGES. WE PREPARE FAMILIES TO BE SUCCESSFUL HOMEOWNERS THROUGH EXTENSIVE PRE- AND POST-SALE FINANCIAL, HOME MAINTENANCE AND OTHER SUPPORT SERVICES. WE BELIEVE THAT OWNING AN AFFORDABLE HOME ALLOWS OWNERS TO LIFT UP THEIR ENTIRE FAMILY BY SAVING FOR THEIR FUTURES AND INVESTING IN EDUCATIONAL OPPORTUNITIES, BOLSTERING JOB OPPORTUNITIES, AND CAREER GROWTH. DURING 2023, MORRIS HABITAT PROVIDED NEW HOMES TO NINE FAMILIES VIA ITS HOMEOWNERSHIP PROGRAM.
RESTORE PROGRAM: THE MORRIS HABITAT RESTORE, A RETAIL OUTLET SELLING DONATED NEW AND GENTLY USED FURNITURE, APPLIANCES AND BUILDING SUPPLIES, BENEFITS THE COMMUNITY BY PROVIDING LOWER-COST ITEMS FOR SALE, AND THE ENVIRONMENT BY KEEPING ITEMS OUT OF THE LANDFILLS. WE ALSO COLLABORATE WITH SOCIAL SERVICE AGENCIES, DONATING A PORTION OF OUR GOODS TO THEIR CLIENTS. THE RESTORE HAS A POSITIVE ENVIRONMENTAL IMPACT BY ENCOURAGING "REDUCE, REUSE, AND RECYCLING". DONATIONS TO THE RESTORE HAS KEPT OVER 18,000 TONS OF USABLE BUILDING MATERIALS, FURNITURE, APPLIANCES, AND HOUSEHOLD ITEMS, OUT OF LANDFILLS.
NEIGHBORHOOD REVITALIZATION PROGRAM: OUR HOME PRESERVATION PROGRAM IS AN OUTREACH INITIATIVE THAT SEEKS TO PROVIDE A WIDE RANGE OF OPPORTUNITIES FOR INCOME ELIGIBLE HOMEOWNERS, INCLUDING VETERANS AND SENIORS, WHO ARE STRUGGLING TO MAINTAIN THEIR HOMES BECAUSE OF AGE, DISABILITY, OR FAMILY CIRCUMSTANCES. THE PROGRAM ALLOWS FAMILIES TO STAY IN THEIR HOME AND AVOID THE UNCERTAINTY, TRAUMA, AND EXPENSE OF MOVING. PROJECTS CONSIST OF INTERIOR AND/OR EXTERIOR REPAIRS AND OTHER IMPROVEMENTS INTENDED TO ALLEVIATE CRITICAL HEALTH, LIFE AND SAFETY ISSUES OR CODE VIOLATIONS. VOLUNTEER TEAMS WORK ALONG WITH SUBCONTRACTORS UNDER THE DIRECTION OF MORRIS HABITAT STAFF MEMBERS TO COMPLETE THE REPAIRS. MORRIS HABITAT COMPLETED 102 DISCRETE PROJECTS FOR LOCAL HOMEOWNERS DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Albin Board Member (non Voting) | Trustee | 5 | $0 |
Alan Archuletta Board Member | Trustee | 5 | $0 |
David Fine Board Member | Trustee | 5 | $0 |
Mary Lou Panzano President | OfficerTrustee | 5 | $0 |
Rahul Gupta Board Member | Trustee | 5 | $0 |
Donna Brightman Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $188,645 |
| Related organizations | $0 |
| Government grants | $2,472,981 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,770,846 |
| Noncash contributions included in lines 1a–1f | $1,100,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,432,472 |
| Total Program Service Revenue | $4,702,544 |
| Investment income | $1,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,056 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,311,279 |
| 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. | $796,633 |
| Compensation of current officers, directors, key employees. | $104,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,219,245 |
| Pension plan accruals and contributions | $270,662 |
| Other employee benefits | $2,594 |
| Payroll taxes | $301,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,993 |
| Advertising and promotion | $119,654 |
| Office expenses | $509,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $770,656 |
| Travel | $49,332 |
| 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 | $57,497 |
| Depreciation, depletion, and amortization | $77,203 |
| Insurance | $225,449 |
| All other expenses | $113,836 |
| Total functional expenses | $13,431,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,912 |
| Savings and temporary cash investments | $983,689 |
| Pledges and grants receivable | $1,044,650 |
| Accounts receivable, net | $48,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $779,913 |
| Inventories for sale or use | $6,418,961 |
| Prepaid expenses and deferred charges | $42,588 |
| Net Land, buildings, and equipment | $354,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,947,891 |
| Total assets | $11,630,691 |
| Accounts payable and accrued expenses | $782,867 |
| Grants payable | $0 |
| Deferred revenue | $13,006 |
| 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 | $1,654,999 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,031,031 |
| Total liabilities | $4,481,903 |
| Net assets without donor restrictions | $6,110,757 |
| Net assets with donor restrictions | $1,038,031 |
| 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 | $11,630,691 |