Habitat For Humanity International Inc
- Assets
- $3.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Traverse City, MI
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 38-2753833
Organization Overview
Habitat For Humanity International Inc, operating under the name Habitat For Humanity-Grand Traverse, is located in Traverse City, 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 12/2023, Habitat For Humanity-Grand Traverse employed 28 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habitat For Humanity-Grand Traverse 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 12/2023, Habitat For Humanity-Grand Traverse generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 6.9% 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.
Form
990
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 IN ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD SUSTAINABLE HOMES, COMMUNITIES, AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREATION OF AFFORDABLE HOUSING FOR THOSE IN NEED AND TO MAKE THE ISSUE OF SHELTER A MATTER OF CONSCIENCE WITH PEOPLE EVERYWHERE. DURING THE YEAR ENDED 12/31/23, FOUR HOMES WERE PROVIDED TO FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Siepker Jr President | OfficerTrustee | 2 | $0 |
Heather Hudson Vice President | OfficerTrustee | 2 | $0 |
Chuck Kendall Treasurer | OfficerTrustee | 2 | $0 |
Deborah Haase Secretary | OfficerTrustee | 2 | $0 |
Douglas Luciani Member At Large | Trustee | 2 | $0 |
Andrew Weaver Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $749,750 |
| Noncash contributions included in lines 1a–1f | $80,609 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $749,750 |
| Total Program Service Revenue | $1,371,602 |
| Investment income | $13,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $579,686 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,726,921 |
| 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. | $130,656 |
| Compensation of current officers, directors, key employees. | $65,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $866,207 |
| Pension plan accruals and contributions | $60,960 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,521 |
| Fees for services: Other | $0 |
| Advertising and promotion | $128,591 |
| Office expenses | $9,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,484 |
| Travel | $29,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,952 |
| Insurance | $43,925 |
| All other expenses | $45,582 |
| Total functional expenses | $2,999,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $86,195 |
| Accounts receivable, net | $124,974 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $846,172 |
| Prepaid expenses and deferred charges | $8,784 |
| Net Land, buildings, and equipment | $1,025,955 |
| Investments—publicly traded securities | $545,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $695,383 |
| Total assets | $3,873,912 |
| Accounts payable and accrued expenses | $235,060 |
| Grants payable | $0 |
| Deferred revenue | $21,000 |
| 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 | $2,299,296 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,555,356 |
| Net assets without donor restrictions | $288,914 |
| Net assets with donor restrictions | $1,029,642 |
| 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 | $3,873,912 |