Habitat For Humanity International Inc
- Assets
- $1.0m
- Revenue
- $491.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Mount Vernon, OH
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 31-1216750
Organization Overview
Habitat For Humanity International Inc is located in Mount Vernon, OH. The organization was established in 1987. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Habitat For Humanity International Inc employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habitat For Humanity International 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 International Inc generated $491.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $409.2k during the year ending 06/2022. While expenses have increased by 9.6% 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
TO BUILD AND REHABILITATE AFFORDABLE HOUSING TO FAMILIES WHO CANNOT AFFORD COMMERCIAL MORTGAGES USING DONATED SUPPLIES, VOLUNTEER LABOR, CONTRIBUTED FUNDS AND PROPERTIES. THE CONSTRUCTED HOMES ARE SOLD TO PRE-SELECTED FAMILIES AT A VALUE THAT APPROXIMATES COSTS THROUGH NO-INTEREST FINANCING PROVIDED BY THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURPLUS AND DONATED ITEMS ARE SOLD WITH THE OBJECTIVE OF REDUCING MATERIALS GOING INTO THE LANDFILLS AND PROVIDING THE COMMUNITY WITH ITEMS FOR REMODELING AT LOW PRICES.
TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES THAT CANNOT AFFORD COMMERCIAL MORTGAGES BY BUILDING AND REHABILITATING HOMES USING DONATED SUPPLIES, VOLUNTEER LABOR, CONTRIBUTED FUNDS AND PROPERTIES. THE CONSTRUCTED HOMES ARE SOLD TO PRE-SELCTED FAMILIES AT A VALUE THAT APPROXIMATES COSTS THROUGH NO-INTEREST FINANCING PROVIDED BY THE ORGANIZATION.
AFTER A HOME IS COMPLETED, THE MORTGAGE IS DISCOUNTED USING THE EFFECTIVE INTEREST METHOD OVER THE LIFE OF THE MORTGAGE. IN ADDITION, A PORTION OF THE REVENUE IS REMITTED TO HABITAT FOR HUMANITY INTERNATIONAL, INC. AS AN ANNUAL TITHE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terence Schulz Affiliate Dir. | Officer | 40 | $55,808 |
Damien Phillips Trustee | Trustee | 1 | $0 |
Chuck Rogers Trustee | Trustee | 1 | $0 |
Jeremy Abrams Vice President | Trustee | 1 | $0 |
Holly Blanchard-Hoar Trustee | Trustee | 1 | $0 |
Josh Filler Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,139 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,434 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $490,956 |
| Statement of Expenses | |
|---|---|
| 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. | $55,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,227 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,699 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,869 |
| Travel | $2,637 |
| 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 | $10,000 |
| Depreciation, depletion, and amortization | $3,780 |
| Insurance | $8,076 |
| All other expenses | $0 |
| Total functional expenses | $409,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $274,546 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $369,887 |
| Total assets | $1,015,418 |
| Accounts payable and accrued expenses | $5,090 |
| 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 | $8,353 |
| Total liabilities | $13,443 |
| Net assets without donor restrictions | $1,001,975 |
| 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 |
| Total liabilities and net assets/fund balances | $1,001,975 |