Kent County Habitat For Humanity
- Assets
- $21.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 62
- Location
- Grand Rapids, MI
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 38-2527968
Organization Overview
Kent County Habitat For Humanity is located in Grand Rapids, MI. 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 06/2023, Kent County Habitat For Humanity employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent County 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 06/2022, Kent County Habitat For Humanity generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $5.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. 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
CONSTRUCTION AND REHABILITATION OF RESIDENTIAL HOUSING FOR FAMILIES IN NEED AND SUPPORT FOR HOMEOWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNERSHIP AND HOME PRESERVATION PROGRAM: FAMILIES IN NEED OF A DECENT PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH HABITAT FOR HUMANITY KENT COUNTY. HOME PRESERVATION ALLOWS FAMILIES TO STAY IN THEIR HOME AND AVOID THE UNCERTAINTY OF MOVING. PROJECTS CONSIST OF REPAIRS INTENDED TO ALLEVIATE CRITICAL HEALTH, LIFE AND SAFETY ISSUES OR CODE VIOLATIONS.
TITHE TO HABITAT FOR HUMANITY INTERNATIONAL USED TO BUILD HOMES.
DISCOUNT ON NEW MORTGAGE ORIGINATIONS.
OPERATION OF RESALE OUTLET FOR DONATED NEW AND USED BUILDING MATERIALS TO HELP FUND HOME CONSTRUCTION, REDUCE BUILDING MATERIALS TAKEN TO LANDFILLS, AND PROVIDE AN AFFORDABLE WAY FOR LOW- AND MIDDLE-INCOME FAMILIES TO MAINTAIN AND IMPROVE THEIR HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Fischer Chair | OfficerTrustee | 1 | $0 |
Cassandra Oracz Vice-Chair | OfficerTrustee | 1 | $0 |
James White Vice-Chair - Part Year | OfficerTrustee | 1 | $0 |
Jason Williams Treasurer | OfficerTrustee | 1 | $0 |
Alexis Reame Secretary | OfficerTrustee | 1 | $0 |
Matt Bennett Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Velting Contractors Excavation | 6/29/20 | $308,599 |
Ds Masonry Llc Masonry | 6/29/20 | $117,550 |
Great Lakes Superior Walls Basement Foundations | 6/29/20 | $111,656 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,854,458 |
| Investment income | $15,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $144,926 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,407,281 |
| 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. | $248,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,837,888 |
| Pension plan accruals and contributions | $97,650 |
| Other employee benefits | $339,910 |
| Payroll taxes | $162,801 |
| Fees for services: Management | $38,599 |
| Fees for services: Legal | $24,369 |
| Fees for services: Accounting | $49,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,865 |
| Advertising and promotion | $36,467 |
| Office expenses | $103,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $235,514 |
| Travel | $26,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,195 |
| Interest | $61,769 |
| Payments to affiliates | $90,000 |
| Depreciation, depletion, and amortization | $169,296 |
| Insurance | $46,598 |
| All other expenses | $0 |
| Total functional expenses | $5,443,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,123 |
| Savings and temporary cash investments | $1,969,633 |
| Pledges and grants receivable | $2,225,683 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,577,635 |
| Inventories for sale or use | $673,156 |
| Prepaid expenses and deferred charges | $58,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,706,737 |
| Intangible assets | $0 |
| Other assets | $3,190,270 |
| Total assets | $21,038,671 |
| Accounts payable and accrued expenses | $565,038 |
| Grants payable | $0 |
| Deferred revenue | $37,180 |
| 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 | $3,703,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $210,414 |
| Total liabilities | $4,516,609 |
| Net assets without donor restrictions | $14,507,115 |
| Net assets with donor restrictions | $2,014,947 |
| 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 | $16,522,062 |