Habitat For Humanity International Inc
- Assets
- $1.1m
- Revenue
- $87.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Hutchinson, MN
- Founding
- 03/1995
- Data as of
- 06/2023
- EIN
- 41-1798128
Organization Overview
Habitat For Humanity International Inc is located in Hutchinson, MN. The organization was established in 1995. 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 2 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 $87.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $91.1k 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
THE MISSION OF CROW RIVER HABITAT FOR HUMANITY (CRHFH) IS TO ELIMINATE POVERTY HOUSING FROM MCLEOD COUNTY AND TO MAKE DECENT, AFFORDABLE SHELTER FOR ALL PEOPLE A MATTER OF CONSCIENCE. CRHFH FULFILLS ITS MISSION THROUGH TWO PROGRAM INITIATIVES WHICH ADDRESS HOME OWNERSHIP NEEDS IN THE COMMUNITY WHILE ENGAGING THE COMMUNITIY IN THE ISSUES OF AFFORDABLE HOMEOWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CROW RIVER HABITAT FOR HUMANITY (CRHFH) CREATES AFFORDABLE HOME OWNERSHIP BY MATCHING A SITE TO FAMILY AND THEN ENGAGES THE FAMILY AND COMMUNITY VOLUNTEERS TO BUILD OR REHAB THE HOME USING DONATED LABOR, MATERIALS AND CONTRIBUTED FUNDS. THE HOMES ARE SOLD TO LOCAL LOW-INCOME FAMILIES THAT EARN BETWEEN 30%-60% OF MCLEOD COUNTY'S ARE MEDIAN INCOME. CRHFH AND THE HABITAT FAMILY AGREE TO THE PRICE OF THE 1ST AND 2ND MORTGAGE THAT IS MOST AFFORDABLE FOR THE HOUSEHOLD BEFORE GROUND BREAKING. CRHFH MANAGES THE PROJECT BUDGET AND PARTNERS WITH RURAL DEVELOPMENT TO FINANCE THE HOME. AT THE TIME OF CLOSING, THE FAMILY ENTERS INTO A LOW-INTEREST LOAN AGREEMENTS TO PAY THE FIRST MORTAGAGE TO RURAL DEVELEOPMENT OVER 33 YEARS AND A SECOND MORTGAGE TO CRHFH ON THE HOME TO CAPTURE THE DIFFERENCE BETWEEN ACTUAL COST AND FAIR MARKET VALUE. THE FIRST MORTGAGE PAYMENT FROM RURAL DEVELOPMENT ARE ADDED TO THE BUILDING RESOURCES FOR FUTURE HABITAT HOME PROJECTS. CRHFH ALSO PREPARES FAMILIES TO BE SUCCESSFUL HOMEOWNERS BY HAVING THEM COMPLETE CLASSES RANGING FROM PERSONAL FINANCE TO HOME MAINTENANCE. 28 FAMILIES HAVE PURCHASED HOMES SINCE 1996. CRHFH IS CONSTANTLY WORKING WITH A BROAD RANGE OF COMMUNITY PARTNERS TO ELIMINATE POVERTY HOUSING AND EDUCATE THE PUBLIC ON AFFORDABLE HOUSING ISSUES. CRHFH UTILIZED ADVOCATES WHO SUPPORT OUR PUBLIC POLICY EFFORT. ADDITIONALLY, CRHFH IS SUPPORTED BY COUNTLESS VOLUNTEERS IN ALL ASPECTS OF OUR MISSION WORK. PRESERVING HOMEOWNERSHIP IS A PROGRAM WHICH ALLOWS EXISTING HOMEOWNERS IN THE COMMUNITY TO REMAIN IN THEIR HOME. PRIORITY IS GIVEN TO THE ELDERLY, VETERANS, THOSE WITH DIABILITIES AND SINGLE PARENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bayley Schulter Executive Di | Officer | 32 | $43,000 |
Stefanie Morgan Volunteer Co | Officer | 17.85 | $8,684 |
Ben Anderson Director | Trustee | 0.5 | $0 |
Dorothy Butler Secretary | OfficerTrustee | 0.5 | $0 |
Denny Davis Director | Trustee | 0.5 | $0 |
James Morgan Director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,827 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,864 |
| Total Program Service Revenue | $30,499 |
| Investment income | $5,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,593 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,128 |
| 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. | $37,351 |
| Compensation of current officers, directors, key employees. | $18,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,828 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,757 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $1,929 |
| Insurance | $6,081 |
| All other expenses | $250 |
| Total functional expenses | $91,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,073 |
| Savings and temporary cash investments | $31,438 |
| 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 | $693,737 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $800 |
| Net Land, buildings, and equipment | $3,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,737 |
| Other assets | $21,215 |
| Total assets | $1,125,383 |
| Accounts payable and accrued expenses | $3,655 |
| 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 | $98,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,025 |
| Total liabilities | $118,070 |
| Net assets without donor restrictions | $993,124 |
| Net assets with donor restrictions | $14,189 |
| 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 | $1,125,383 |