Habitat For Humanity International Inc
- Assets
- $2.0m
- Revenue
- $1.6m
- Investments
- $64.6k
- Employees
- 22
- Location
- Lansing, MI
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 38-2716658
Organization Overview
Habitat For Humanity International Inc is located in Lansing, MI. 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 06/2023, Habitat For Humanity International Inc employed 22 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 06/2023, Habitat For Humanity International Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 7.7% per year over the past 6 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
BRING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE: HFHCR OPERATES TWO RESTORE RETAIL LOCATIONS, ACCEPTING DONATIONS OF NEW AND GENTLY USED FURNITURE, APPLIANCES, HOME GOODS, AND CONSTRUCTION TOOLS/MATERIALS. DONATED ITEMS ARE RESOLD TO THE PUBLIC AT SIGNIFICANTLY LESS THAN RETAIL PRICES. RESTORE OPERATIONS CONTRIBUTE FUNDING FOR HFHCR'S MISSION WHILE ALSO DIVERTING GOODS FROM LANDFILLS AND PROVIDING A LOWER-COST OPTION FOR COMMUNITY MEMBERS WITH LIMITED FINANCIAL RESOURCES. IN FY23, HFHCR'S RESTORE LOCATIONS PROCESSED OVER 13,000 SALES TRANSACTIONS OF DONATED GOODS.
HOME CONSTRUCTION: HFHCR BUILDS AND REHABILITATES HOMES, PROVIDES CRITICAL HOME REPAIRS AND BUILDS ACCESSIBILITY RAMPS THROUGHOUT MICHIGAN'S CAPITAL REGION. PARTNERING WITH HUNDREDS OF VOLUNTEERS AND VARIOUS FINANCIAL SUPPORTERS, HFHCR CREATES HOMEOWNERSHIP OPPORTUNITIES WHILE ALSO MAINTAINING SAFE, HEALTHY, ACCESSIBLE HOMES FOR EXISTING HOMEOWNERS. THE RAMP PROGRAM IS ALSO OPEN TO RENTERS. HOMEOWNERSHIP IS ABOUT MORE THAN SHELTER; IT CONTRIBUTES TO MANY SOCIAL DETERMINANTS OF HEALTH. HFHCR HAS COMPLETED OVER 1,000 CONSTRUCTION PROJECTS THROUGHOUT INGHAM AND EATON COUNTIES IN MICHIGAN.
HOMEOWNER SERVICES: HFHCR WORKS CLOSELY WITH HOMEBUYER PARTNERS TO ENSURE THEIR HOMEOWNERSHIP JOURNEY IS SUCCESSFUL AND SUSTAINABLE. HOMEBUYER PARTNERS ATTEND VARIOUS CLASSES IN AREAS SUCH AS FINANCIAL HEALTH AND BASIC HOME REPAIR, WHILE ALSO INVESTING 200-400 HOURS OF THEIR OWN TIME (SWEAT EQUITY) HELPING TO BUILD THEIR HOMES AND THE HOMES OF OTHERS. OUR BANKING PARTNERS OFFER LOW-INTEREST MORTGAGE PRODUCTS AND HOMES ARE SOLD TO OUR LOW-TO-MODERATE HOMEBUYER PARTNERS AT AN AFFORDABLE PRICE. SIMILARLY, THE CRITICAL HOME REPAIR AND RAMP PROGRAMS ARE DESIGNED TO PROVIDE A SUSTAINABLE IMPACT ON THE QUALITY OF LIFE FOR THOSE WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Wurfel Board Chair | OfficerTrustee | 1 | $0 |
Nicole Noll-Williams Board Vice Chair | OfficerTrustee | 1 | $0 |
Mark Matus Board Secretary | OfficerTrustee | 1 | $0 |
Michael Valiante Board Treasurer | OfficerTrustee | 1 | $0 |
Brian Berry Director | Trustee | 1 | $0 |
Cindy Bowen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13,500 |
| Membership dues | $0 |
| Fundraising events | $2,500 |
| Related organizations | $0 |
| Government grants | $139,438 |
| All other contributions, gifts, grants, and similar amounts not included above | $914,315 |
| Noncash contributions included in lines 1a–1f | $461,301 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,069,753 |
| Total Program Service Revenue | $404,105 |
| Investment income | $759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,500 |
| Net Income from Fundraising Events | $28,123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,054 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,551,252 |
| 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. | $75,155 |
| Compensation of current officers, directors, key employees. | $7,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $788,682 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,187 |
| Payroll taxes | $65,419 |
| Fees for services: Management | $28,878 |
| Fees for services: Legal | $2,124 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,634 |
| Advertising and promotion | $4,906 |
| Office expenses | $31,284 |
| Information technology | $25,031 |
| Royalties | $0 |
| Occupancy | $48,068 |
| Travel | $4,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,499 |
| Interest | $13,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,035 |
| Insurance | $56,276 |
| All other expenses | $16,024 |
| Total functional expenses | $1,735,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $376,302 |
| Pledges and grants receivable | $68,762 |
| Accounts receivable, net | $30,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $562,676 |
| Inventories for sale or use | $39,499 |
| Prepaid expenses and deferred charges | $4,742 |
| Net Land, buildings, and equipment | $685,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $64,633 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186,700 |
| Total assets | $2,019,733 |
| Accounts payable and accrued expenses | $135,482 |
| 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 | $424,643 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,000 |
| Total liabilities | $585,125 |
| Net assets without donor restrictions | $1,334,608 |
| Net assets with donor restrictions | $100,000 |
| 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 | $2,019,733 |