Habitat For Humanity International Inc
- Assets
- $4.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Moorhead, MN
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 41-1690131
Organization Overview
Habitat For Humanity International Inc is located in Moorhead, MN. 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 06/2022, Habitat For Humanity International Inc employed 18 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 06/2022, Habitat For Humanity International Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 5.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUTTING GOD'S LOVE INTO ACTION BY BRINGING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF LAKE AGASSIZ HABITAT FOR HUMANITY, INC. IS TO PROVIDE SIMPLE, DECENT, AFFORDABLE HOUSING TO THOSE IN NEED THROUGH THE CONSTRUCTION OF VARIOUS HOUSING UNITS. THESE UNITS ARE THEN SOLD AT NO PROFIT WITH A ZERO INTEREST MORTGAGE TO INDIVIDUALS WHO MEET SPECIFIC CRITERIA. THE NUMBER OF FAMILIES SERVED DURING THE FISCAL YEAR ENDING JUNE 30, 2022 INCLUDES 2 HOME CLOSINGS, SERVING 7 INDIVIDUALS (2 ADULTS AND 5 CHILDREN). IN ADDITION, OUR INTERNATIONAL TITHE SERVED 2.2 FAMILIES DURING THE YEAR.LAKE AGASSIZ HABITAT SELLS HOUSES TO SELECTED PARTNER FAMILIES UPON COMPLETION OF THE CONSTRUCTION PROJECTS. FOR FISCAL YEAR ENDED JUNE 30, 2022, THE MORTGAGE INCOME PROVIDED BY CURRENT MORTGAGE PAYMENTS TOTALED $163,506 ENABLING HABITAT TO FURTHER CONTINUE TO FULFILL IT'S MISSION. INCLUDED IN THIS NUMBER IS THE SALE OF 1 HOME BY A HOMEOWNER. THE HOMEOWNER PAID OFF THE REMAINING $16,407 OF THEIR MORTGAGE. REGULAR MORTGAGE PAYMENTS MADE BY CURRENT PARTNER FAMILIES, TODAY, WILL PAY FOR FUTURE HOUSE BUILDS OVER THE COURSE OF THEIR MORTGAGE TERM, IN MOST CASES FOR 30 YEARS.IN FISCAL YEAR 2022 LAKE AGASSIZ REPURCHASED A HOME, AND PROVIDED A MONETARY HARDSHIP GRANT ASSISTANCE TO A PREVIOUS HOMEOWNER DUE TO A UNIQUE SITUATION. DUE TO THE UNIQUE NATURE OF THE SITUATION AND THE ONE-TIME INDIVIDUAL MONETARY GRANT, THE ORGANIZATION HAS DETERMINED THEY WILL NOT CONTINUE THIS PROGRAM INTO THE FUTURE AND IT CEASED IN 2022.
RESTORE SELLS NEW AND GENTLY USED BUILDING MATERIALS BELOW RETAIL PRICING. IN ADDITION TO PROVIDING A SOURCE OF INCOME TO AID IN THE CONSTRUCTION OF HOUSING, RESTORE HELPS KEEP USABLE BUILDING MATERIALS OUT OF LANDFILLS. FOR FISCAL YEAR ENDED JUNE 30, 2022, THE RESTORE PROGRAM PROVIDED LAKE AGASSIZ HABITAT FOR HUMANITY WITH ADDITIONAL REVENUE OF $586,004. WE ALSO DIVERTED OVER 982 TONS FROM AREA LANDFILLS. THE ADDITIONAL REVENUE HELPED LAKE AGASSIZ HABITAT FOR HUMANITY BUILD MORE HOMES FOR LOW-INCOME FAMILIES WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Klebe President | OfficerTrustee | 2 | $0 |
David Slotten Past President | OfficerTrustee | 1 | $0 |
Kaylin Frappier Vice President | OfficerTrustee | 1 | $0 |
Becki Johnson At Large Member, Director | OfficerTrustee | 1 | $0 |
Kyla Dubord Secretary/director | OfficerTrustee | 1 | $0 |
Kelly Hagel Treasurer/director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,404,595 |
| Noncash contributions included in lines 1a–1f | $564,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,586,413 |
| Total Program Service Revenue | $359,549 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,948,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,420 |
| Compensation of current officers, directors, key employees. | $28,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $326,952 |
| Pension plan accruals and contributions | $5,340 |
| Other employee benefits | $32,897 |
| Payroll taxes | $45,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,027 |
| Fees for services: Accounting | $32,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,584 |
| Office expenses | $61,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,097 |
| Travel | $14,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,872 |
| Interest | $23,995 |
| Payments to affiliates | $10,000 |
| Depreciation, depletion, and amortization | $25,745 |
| Insurance | $32,797 |
| All other expenses | $29,227 |
| Total functional expenses | $1,402,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $841,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,236,193 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,783 |
| Net Land, buildings, and equipment | $710,636 |
| Investments—publicly traded securities | $7,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $768,595 |
| Total assets | $4,566,290 |
| Accounts payable and accrued expenses | $182,390 |
| 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 | $450,254 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $632,644 |
| Net assets without donor restrictions | $3,674,437 |
| Net assets with donor restrictions | $259,209 |
| 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 | $4,566,290 |