Habitat For Humanity International Inc
- Assets
- $1.7m
- Revenue
- $684.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Willmar, MN
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 41-1726284
Organization Overview
Habitat For Humanity International Inc is located in Willmar, MN. The organization was established in 1987. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Habitat For Humanity International Inc employed 10 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 $684.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $865.1k during the year ending 06/2023. 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
HELPING FAMILIES THRIVE THROUGH AFFORDABLE HOMEOWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HABITAT FOR HUMANITY OF WEST CENTRAL MINNESOTA WORKS WITH SELECTED LOW- INCOME FAMILIES TO CONSTRUCT NEW HOMES AND THEN SELLS THE HOMES TO THE FAMILIES. ONE HOME WAS CONSTRUCTED BEFORE YEAR END.
THE RESTORE IS A LOCAL HOME-IMPROVEMENT THRIFT STORE OFFERING QUALITY NEW AND GENTLY USED BUILDING SUPPLIES, FURNITURE, APPLIANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Dresler Secretary | OfficerTrustee | $0 | |
Andy Engan Treasurer | OfficerTrustee | $0 | |
Ron Ferguson Director | Trustee | $0 | |
John Hotek Director | Trustee | $0 | |
Mike Mccain Director | Trustee | $0 | |
Larry Rice Vice-Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,157 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,240 |
| Noncash contributions included in lines 1a–1f | $3,752 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,397 |
| Total Program Service Revenue | $627,509 |
| Investment income | $526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,053 |
| Net Income from Fundraising Events | -$695 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $683,952 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,152 |
| Fees for services: Accounting | $18,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,801 |
| Advertising and promotion | $3,132 |
| Office expenses | $14,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,965 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,434 |
| Interest | $29,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,558 |
| Insurance | $10,551 |
| All other expenses | $12,614 |
| Total functional expenses | $865,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,693 |
| Savings and temporary cash investments | $77,036 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $914,732 |
| Inventories for sale or use | $76,263 |
| Prepaid expenses and deferred charges | $1,916 |
| Net Land, buildings, and equipment | $494,987 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,586 |
| Total assets | $1,672,521 |
| Accounts payable and accrued expenses | $27,234 |
| 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 | $1,172,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,200,215 |
| Net assets without donor restrictions | $467,931 |
| Net assets with donor restrictions | $4,375 |
| 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 | $1,672,521 |