Habitat For Humanity International Inc
- Assets
- $2.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Midland, MI
- Founding
- 10/1990
- Data as of
- 06/2023
- EIN
- 38-2884074
Organization Overview
Habitat For Humanity International Inc is located in Midland, MI. The organization was established in 1990. 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 15 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 $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 11.8% per year over the past 7 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
TO BUILD HOMES FOR AND IN PARTNERSHIP WITH LOW INCOME FAMILIES AND THEN SELL THE HOME TO THE FAMILY WITH AN AFFORDABLE MORTGAGE THAT IS ISSUED UPON SALE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION SERVICES PROGRAM - THE ORGANIZATION BUILDS HOMES FOR LOW INCOME FAMILIES THROUGH THE EXTENSIVE USE OF VOLUNTEERS. NO INTEREST MORTGAGES ARE ISSUED ON EACH HOME UPON SALE. DISCOUNTED INTEREST IS RECORDED AND AMORTIZED OVER THE LIFE OF THE MORTGAGE. IN FY'2023, THE ORGANIZATION COMPLETED AND CLOSED ON 5 HOMES AND BEGAN CONSTRUCTION ON A 6TH HOME.
RESTORE - THE ORGANIZATION ACCEPTS DONATIONS OF USED HOUSEHOLD ITEMS AND RESELLS THEM. THE TARGET CUSTOMERS ARE THE ORGANIZATION'S PARTNER FAMILIES AND OTHER LOW-INCOME FAMILIES. NET PROCEEDS FROM THE OPERATION ARE USED TO SUPPORT THE MISSION OF THE ORGANIZATION.
THE NEIGHBORHOOD REVITALIZATION INITIATIVE WAS DESIGNED TO HELP U.S. AFFILIATES AS THEY WORK TO TRANSFORM NEIGHBORHOODS USING A HOLISTIC APPROACH. HABITAT AFFILIATES ARE JOINING RESIDENTS, NONPROFITS, BUSINESSES, LOCAL GOVERNMENTS AND COMMUNITIES OF FAITH TO CREATE AND IMPLEMENT A SHARED VISION OF REVITALIZATION. NEIGHBORHOOD REVITALIZATION INITIATIVE AFFILIATES TAILOR WORK BEING DONE IN EACH NEIGHBORHOOD TO MEET ITS SPECIAL NEEDS. AFFILIATES, IN PARTNERSHIP WITH COMMUNITY ORGANIZATIONS AND AGENCIES, WILL DECIDE WHAT WORK NEEDS TO BE CARRIED OUT IN THEIR COMMUNITY. A WIDE ARRAY OF HOUSING SERVICES CAN BE TAPPED TO HELP TRANSFORM COMMUNITIES IN NEED, SUCH AS: - NEW, ENERGY-EFFICIENT HOUSE CONSTRUCTION - REHABILITATION OF VACANT AND FORECLOSED PROPERTIES - HOUSE REPAIRS FOR EXISTING LOW-INCOME HOMEOWNERS, THROUGH A BRUSH WITH KINDNESS AND CRITICAL HOME REPAIRS. - WEATHERIZATION TO MAKE EXISTING HOUSES MORE ENERGY EFFICIENT AND AFFORDABLE. DURING FY'2023, THE ORGANIZATION COMPLETED 37 REVITALIZATION PROJECTS IN THE CITY OF MIDLAND.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Dougherty Chair | OfficerTrustee | 5 | $0 |
Linden Rogers Vice Chair | OfficerTrustee | 5 | $0 |
Shane Bradley Treasurer | OfficerTrustee | 5 | $0 |
Ryan Stachowiak Former Treas | OfficerTrustee | 5 | $0 |
Mike Williams Secretary | OfficerTrustee | 5 | $0 |
Tim Johnson Past Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $94,696 |
| Membership dues | $0 |
| Fundraising events | $37,458 |
| Related organizations | $0 |
| Government grants | $102,646 |
| All other contributions, gifts, grants, and similar amounts not included above | $837,209 |
| Noncash contributions included in lines 1a–1f | $307,896 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,072,009 |
| Total Program Service Revenue | $238,625 |
| Investment income | $4,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1 |
| Net Income from Fundraising Events | -$15,011 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,565 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,308,462 |
| 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. | $112,400 |
| Compensation of current officers, directors, key employees. | $112,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $859 |
| Fees for services: Accounting | $15,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $671 |
| Fees for services: Other | $28,270 |
| Advertising and promotion | $19,976 |
| Office expenses | $34,223 |
| Information technology | $14,063 |
| Royalties | $0 |
| Occupancy | $75,112 |
| Travel | $21,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,140 |
| Insurance | $45,075 |
| All other expenses | $25,850 |
| Total functional expenses | $2,146,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,430 |
| Accounts receivable, net | $58,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $575,222 |
| Inventories for sale or use | $134,257 |
| Prepaid expenses and deferred charges | $11,510 |
| Net Land, buildings, and equipment | $657,920 |
| Investments—publicly traded securities | $99,757 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $397,153 |
| Total assets | $2,002,133 |
| Accounts payable and accrued expenses | $68,711 |
| 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 | $194,924 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $263,635 |
| Net assets without donor restrictions | $1,704,138 |
| Net assets with donor restrictions | $34,360 |
| 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 | $2,002,133 |