Habitat For Humanity Of Summit County Inc
- Assets
- $10.9m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Akron, OH
- Founding
- 01/1987
- Data as of
- 03/2024
- EIN
- 34-1518873
Organization Overview
Habitat For Humanity Of Summit County Inc is located in Akron, 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 03/2024, Habitat For Humanity Of Summit County Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Humanity Of Summit County 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 03/2024, Habitat For Humanity Of Summit County Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $6.2m during the year ending 03/2024. While expenses have increased by 10.2% 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
2024
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. HABITAT FOR HUMANITY (LOCAL AFFILIATE) ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT OFFER ASSISTANCE ON THE EXPRESSED OR IMPLIED CONDITION THAT PEOPLE MUST ADHERE TO OR CONVERT TO A PARTICULAR FAITH OR LISTEN AND RESPOND TO MESSAGING DESIGNED TO INDUCE CONVERSION TO A PARTICULAR FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNERSHIP PROGRAM: WE BUILD NEW HOMES, PURCHASE OR RECEIVE DONATED DISTRESSED AND BLIGHTED PROPERTIES FOR HOMEOWNERSHIP. HOMES ARE BUILT TO MATCH THE NEIGHBORHOOD THEY ARE LOCATED AND ARE PRICED AT APPRAISAL VALUE, USUALLY COMPARABLE TO SURROUNDING PROPERTIES. VOLUNTEERS ARE UTILIZED FOR CONSTRUCTION AND SUPERVISED BY HABITAT STAFF ADHERING TO STRICT SAFETY PROTOCOLS. FUTURE HOMEOWNERS CONTRIBUTE SWEAT EQUITY BY VOLUNTEERING ON CONSTRUCTION SITES OR IN OTHER HABITAT ACTIVITIES. HOMES ARE SOLD TO LOW-INCOME FAMILIES USING AN AFFORDABLE MORTGAGE. AFFORDABLE MEANS THAT NO MORE THAN 30% OF THE HOUSEHOLD INCOME WOULD BE SPENT FOR HOUSING (MORTGAGE PAYMENT, PROPERTY TAX, AND PROPERTY INSURANCE). THE MONEY THAT IS MADE FOR MORTGAGE PAYMENTS IS DEPOSITED INTO A FUND FOR HUMANITY AND USED TO FURTHER OUR MISSION. WE STRIVE TO PROVIDE HOMEOWNERSHIP OPPORTUNITIES TO POPULATIONS THAT HAVE FACED DISCRIMINATION AND SOCIAL INJUSTICE FOR GENERATIONS DUE TO POOR PUBLIC POLICY AND BIAS. IN FY24 WE TRANSFERRED 6 HOMES TO PARTNER FAMILIES.
RESTORE PROGRAM: THIS IS A DISCOUNT HOME IMPROVEMENT AND BUILDING SUPPLY STORE. RESTORE REUSES, RECYCLES, AND RESELLS FUNCTIONAL BUILDING MATERIALS, TOOLS, FURNITURE, AND APPLIANCES, THEREBY DIVERTING HUNDREDS OF TONS OF USABLE MATERIALS FROM LANDFILLS. CUSTOMERS ARE PROVIDED A LOW-COST OPTION TO IMPROVE THE QUALITY OF THEIR HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Miller Immediate Past President | OfficerTrustee | 5 | $0 |
Jake Frego End 324 President | OfficerTrustee | 5 | $0 |
Michelle Molinet Vice President | OfficerTrustee | 5 | $0 |
Michele Cicciari End 324 Secretary | OfficerTrustee | 5 | $0 |
Michelle Carano Treasurer | OfficerTrustee | 5 | $0 |
Cameron Barrett Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,765 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,659,181 |
| Noncash contributions included in lines 1a–1f | $1,239,874 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,681,946 |
| Total Program Service Revenue | $2,515,884 |
| Investment income | $192,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,165 |
| Net Income from Fundraising Events | $4,301 |
| Net Income from Gaming Activities | $12,905 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,396,882 |
| 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. | $270,896 |
| Compensation of current officers, directors, key employees. | $54,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,493,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $202,472 |
| Payroll taxes | $167,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,381 |
| Fees for services: Accounting | $17,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,514 |
| Fees for services: Other | $16,828 |
| Advertising and promotion | $23,702 |
| Office expenses | $61,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,953 |
| Travel | $38,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,314 |
| Interest | $45,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,174 |
| Insurance | $60,848 |
| All other expenses | $89,366 |
| Total functional expenses | $6,163,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $184,665 |
| Pledges and grants receivable | $349,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,120,815 |
| Inventories for sale or use | $129,222 |
| Prepaid expenses and deferred charges | $12,736 |
| Net Land, buildings, and equipment | $1,935,058 |
| Investments—publicly traded securities | $4,340,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,312 |
| Other assets | $854,203 |
| Total assets | $10,931,282 |
| Accounts payable and accrued expenses | $177,007 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $105,039 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,154,938 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,436,984 |
| Net assets without donor restrictions | $185,765 |
| Net assets with donor restrictions | $9,308,533 |
| 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 | $10,931,282 |