Habitat For Humanity International Inc
- Assets
- $7.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 26
- Location
- Flint, MI
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 38-2899387
Organization Overview
Habitat For Humanity International Inc is located in Flint, MI. The organization was established in 1987. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Habitat For Humanity International Inc employed 26 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 $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. 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 INTO ACTION. HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION BUILDS NEW HOMES AND RENOVATES EXISTING HOMES FOR THOSE WHO DO NOT QUALIFY FOR CONVENTIONAL FINANCING. THEY THEN SELL THESE HOMES TO HOMEOWNERSHIP PARTNER'S THROUGH A VERY AFFORDABLE 20-30 YEAR MORTGAGE PRODUCT.
THE HABITAT RESTORE IS A PLACE FOR DONATING AND PURCHASING USED AND NEW BUILDING MATERIALS AND HOME IMPROVEMENT ITEMS. ALL PROCEEDS FROM THE RESTORE GO TOWARDS SUPPORTING THE ORGANIZATION'S MISSION OF PROVIDING AFFORDABLE HOME-OWNERSHIP OPPORTUNITIES TO INDIVIDUALS AND FAMILIES IN GENESEE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Hutchison Executive Di | Officer | 40 | $74,765 |
Coti Brown Member | Trustee | 1 | $0 |
Phylicia Calloway Treasurer | OfficerTrustee | 1 | $0 |
Joshua Dunn President | OfficerTrustee | 1 | $0 |
Nicholas Goldsworthy Member | Trustee | 1 | $0 |
Jason Loewen Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $777,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,864,340 |
| Noncash contributions included in lines 1a–1f | $220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,641,697 |
| Total Program Service Revenue | $792,441 |
| Investment income | $52,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,114,855 |
| Net Income from Fundraising Events | $48,914 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,444,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $245,635 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,973 |
| Compensation of current officers, directors, key employees. | $4,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,650 |
| Pension plan accruals and contributions | $11,371 |
| Other employee benefits | $55,882 |
| Payroll taxes | $48,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,837 |
| Advertising and promotion | $2,166 |
| Office expenses | $96,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,213 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $20,000 |
| Depreciation, depletion, and amortization | $107,937 |
| Insurance | $54,962 |
| All other expenses | $89,662 |
| Total functional expenses | $1,716,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,157,313 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,285 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $671,528 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,121 |
| Net Land, buildings, and equipment | $3,166,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,288,686 |
| Total assets | $7,508,260 |
| Accounts payable and accrued expenses | $61,704 |
| 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 | $17,010 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,179 |
| Total liabilities | $84,893 |
| Net assets without donor restrictions | $6,134,246 |
| Net assets with donor restrictions | $1,289,121 |
| 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 | $7,508,260 |