Pikes Peak Habitat For Humanity Inc

Organization Overview

Pikes Peak Habitat For Humanity Inc is located in Colorado Springs, CO. The organization was established in 1986. 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, Pikes Peak Habitat For Humanity Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pikes Peak Habitat For Humanity 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, Pikes Peak Habitat For Humanity Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $6.2m during the year ending 06/2023. While expenses have increased by 8.9% 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.

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, PIKES PEAK HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FAMILIES IN NEED OF A DECENT PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE HOMEOWNER FAMILY'S NEEDS, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING HOUSE SIZES MODEST, USING DONATED CONSTRUCTION MATERIALS AND APPLIANCES, AND ISSUING NO-PROFIT LOANS, HABITAT MAKES ITS HOUSES AFFORDABLE FOR LOW-INCOME FAMILIES TO PURCHASE. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITIONS THAT FREE FAMILIES FROM INSTABILITY, STRESS AND FEAR AND ENCOURAGE SELF-RELIANCE AND CONFIDENCE. STUDIES SHOW THAT STRONG AND STABLE HOUSEHOLDS ARE FOUNDATIONAL TO CHILD DEVELOPMENT AND GROWTH. WHEN A HOME FOSTERS - INSTEAD OF HINDERS - HEALTH AND SAFETY, FAMILIES CAN FLOURISH. OWNING AN AFFORDABLE HOME ALSO ALLOWS HOMEOWNERS TO LIFT UP THEIR ENTIRE FAMILY BY SAVING FOR THEIR FUTURES AND INVESTING IN EDUCATIONAL OPPORTUNITIES, BOLSTERING JOB OPPORTUNITIES AND LONG-TERM CAREER GROWTH. DURING FISCAL YEAR 2023, PIKES PEAK HABITAT SERVED FIVE FAMILIES WITH NEW HOME CONSTRUCTION THROUGH ITS HOMEOWNERSHIP PROGRAM, AS WELL AS MORE THAN 80 HOUSEHOLDS WHOSE MORTGAGES WE SERVICED/MANAGED DURING FISCAL YEAR 2023. OUR HOME REPAIR PROGRAM IS AN OUTREACH INITIATIVE THAT SEEKS TO PROVIDE A WIDE RANGE OF OPPORTUNITIES FOR LOW- TO MODERATE-INCOME HOMEOWNERS, INCLUDING VETERANS AND SENIORS, WHO ARE STRUGGLING TO MAINTAIN THEIR HOMES BECAUSE OF AGE, DISABILITY OR FAMILY CIRCUMSTANCES. WE PARTNER WITH FAMILIES TO HELP THEM REPAIR THEIR HOMES WITH PRIDE AND DIGNITY. 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 INTENDED TO ALLEVIATE CRITICAL HEALTH, LIFE AND SAFETY ISSUES OR CODE VIOLATIONS. VOLUNTEER TEAMS WORK ALONG WITH SUBCONTRACTORS UNDER THE DIRECTION OF PIKES PEAK HABITAT STAFF MEMBERS TO COMPLETE THE REPAIRS. SINCE THE INCEPTION OF THE HOME REPAIR PROGRAM, PIKES PEAK HABITAT HAS PARTNERED WITH 43 LOCAL HOMEOWNERS, 27 OF WHOM WERE SERVED DURING FY2023. AS PART OF THE HOMEOWNERSHIP PROCESS, WE BELIEVE FINANCIAL EDUCATION BUILDS A MORE SOLID FOUNDATION FOR LONG-TERM PERSONAL SUCCESS AND HELPS ALLEVIATE ANY CONCERNS OR BARRIERS ON THE PATH TO HOMEOWNERSHIP. DURING THESE FINANCIAL EDUCATION CLASSES, WE COVER TOPICS SUCH AS BUDGETING; CREDIT CARDS AND CREDIT REPORTS; DEBT AND LOANS; SAVING, INVESTING AND PLANNING FOR THE FUTURE; EMERGENCY SITUATIONS; AND HABITAT HOMEOWNER MORTGAGES. A MORE IN-DEPTH UNDERSTANDING OF THESE IMPORTANT CONCEPTS IS A TOOL THAT CAN BE USED TO BUILD A BETTER FUTURE. PIKES PEAK HABITAT PROVIDED 10 HOURS OF HOMEBUYER EDUCATION WORKSHOPS FOR SIX FAMILIES DURING FY2023.WE TITHE 10% OF OUR UNDESIGNATED DONATIONS TO HABITAT FOR HUMANITY INTERNATIONAL TO BUILD SAFE AND AFFORDABLE HOUSING GLOBALLY. IN FY23, OUR TITHE OF $123,000 SERVED 27 FAMILIES IN BANGLADESH, COTE D'IVOIRE (IVORY COAST), UGANDA, ORPHANS AND VULNERABLE GROUPS, AND THE INTERNATIONAL DISASTERS FUND.


NET PROCEEDS FROM OUR RESTORES (DISCOUNT BUILDING SUPPLY STORES) HELP SUPPORT PIKES PEAK HABITAT PROGRAMS. THE STORES ACCEPT TAX-DEDUCTIBLE DONATIONS OF NEW AND SLIGHTLY USED BUILDING MATERIALS, SUPPLIES, AND HOME FURNISHINGS AND SELL THE ITEMS BELOW RETAIL PRICE. BY ACCEPTING THESE DONATIONS, THE RESTORES DIVERTED AN ESTIMATED 2,579 TONS OF DONATED MATERIALS FROM LANDFILLS IN FY2023. THE RESTORES ALSO RECYCLE PORCELAIN (ROAD BASE FOR THE CITY), METAL AND CARDBOARD, INCREASING THE AMOUNT OF MATERIALS DIVERTED FROM THE LANDFILL, AS WELL AS GENERATING REVENUE FOR BUILDING HOUSES. ADDITIONALLY, A LIMITED AMOUNT OF NEW ITEMS IS PURCHASED FOR SALE AT AFFORDABLE PRICES.


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Board, Officers & Key Employees

Name (title)Compensation
Ryan Panariso
President
$0
Eric Stolp
Vice President
$0
Janna Mulder
Secretary
$0
Joel Hamilton
Board Member
$0
Chuck Smith
Board Member
$0
Rob Giunta
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $238,043
All other contributions, gifts, grants, and similar amounts not included above$1,380,741
Noncash contributions included in lines 1a–1f $172,011
Total Revenue from Contributions, Gifts, Grants & Similar$1,618,784
Total Program Service Revenue$1,635,298
Investment income $58,969
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $301,960
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,878,563
Miscellaneous Revenue$0
Total Revenue $6,563,672

Peer Organizations

Organization NameAssets
South Of Market Mercy Housing
Denver, CO
$225,902
Northeast Denver Housing Center Inc
Denver, CO
$23,400,819
Habitat For Humanity International Inc
Tulsa, OK
$19,908,085
Western Region Nonprofit Housing Corporation
Salt Lake City, UT
$15,780,424
Habitat For Humanity Tucson Inc
Tucson, AZ
$11,723,039
Mccalls Community Homes Inc
Ada, OK
$9,810,630
Habitat For Humanity International Inc
Glenwood Springs, CO
$6,555,105
Utah Nonprofit Housing Corporation
Salt Lake City, UT
$25,355,454
Mercy Housing Calwest
Denver, CO
$23,350,030
Save The Family Foundation Of Arizona
Mesa, AZ
$7,279,107
Neighborhood Nonprofit Housing Corporation
Logan, UT
$8,803,399
Helping Hands Housing Services
Phoenix, AZ
$8,173,267
Pikes Peak Habitat For Humanity Inc
Colorado Springs, CO
$6,563,672
Habitat For Humanity International Inc
Fort Collins, CO
$8,312,100
Mercy Housing South East
Denver, CO
$9,955,601
Vintage Housing Inc
Tulsa, OK
$6,601,920
Greccio Housing Unlimited Inc
Colorado Springs, CO
$4,879,767
Archway Housing & Services Inc
Lakewood, CO
$3,229,718
Fsl Management
Phoenix, AZ
$4,340,503
Habitat For Humanity Vail Valley Inc
Avon, CO
$11,452,030
Habitat For Humanity International Inc
Wichita, KS
$3,990,621
Habitat For Humanity International Inc
Greeley, CO
$5,341,046
Mercy Community Capital
Denver, CO
$9,783,164
Phoenix Residential Investment Development Effort
Phoenix, AZ
$2,867,228
Habitat For Humanity International Inc
Lincoln, NE
$3,779,330

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