Habitat For Humanity International Inc

Organization Overview

Habitat For Humanity International Inc is located in St Paul, MN. The organization was established in 1987. 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 06/2022, Habitat For Humanity International Inc employed 7 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 $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Habitat For Humanity International Inc has awarded 197 individual grants totaling $4,051,437. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY, AND HOPE.THROUGH ADVOCACY, COLLABORATION, AND LEADERSHIP, HABITAT FOR HUMANITY OF MINNESOTA (HABITAT MINNESOTA) ADVANCES THE WORK OF MINNESOTA'S HABITAT FOR HUMANITY AFFILIATES TO CREATE AND PRESERVE AFFORDABLE HOMEOWNERSHIP.HABITAT MINNESOTA IS A STATEWIDE RESOURCE DEVELOPMENT AND SUPPORT ORGANIZATION THAT ADVOCATES FOR AND ADVANCES THE WORK OF MINNESOTA'S HABITAT FOR HUMANITY AFFILIATES. HABITAT MINNESOTA FOCUSES ON SYSTEMS CHANGE AND BOLSTERS THE HABITAT NETWORK IN MINNESOTA, WITH THE GOAL OF A THRIVING, SUSTAINABLE, AND EFFICIENT NETWORK OF AFFORDABLE HOMEOWNERSHIP PROVIDERS IN MINNESOTA. THIS IS ACCOMPLISHED THROUGH FOUR MAIN LINES OF WORK: LENDING AND GRANT PROGRAMS; PUBLIC POLICY AND ADVOCACY EFFORTS; TRAINING AND TECHNICAL ASSISTANCE; AND DISASTER RECOVERY AND RESPONSE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MAIN PROGRAM OFFERED BY HABITAT FOR HUMANITY OF MINNESOTA (HFH-MN) IS A LOAN PROGRAM THROUGH WHICH WE PROVIDE A SECONDARY MARKET FOR HABITAT MORTGAGES. AS OF JUNE 30, 2022, WE HAVE FINANCED 965 MORTGAGES FOR AFFILIATES FOR TOTAL LOAN DISBURSEMENTS OF $71 MILLION. OVER 2,700 HABITAT FOR HUMANITY HOMES HAVE BEEN SOLD TO PARTNER FAMILIES IN MINNESOTA SINCE THE LATE 1980S. COLLECTIVELY, THESE MORTGAGES TOTAL OVER $100 MILLION IN PRINCIPAL BALANCES. THESE HOMES ARE SOLD WITH 0% INTEREST OR ZERO-EQUIVALENT MORTGAGES. HOMEOWNER MORTGAGE PAYMENTS ARE USED TO BUILD MORE HABITAT HOMES. THE HABITAT MINNESOTA LOAN FUND ALLOWS HFH-MN TO ACT AS A SECONDARY LENDER FOR MINNESOTA HFH MORTGAGES. AFFILIATES PLEDGE THEIR HOMEOWNERS MORTGAGES AND MONTHLY MORTGAGE PAYMENTS TO THE FUND. IN RETURN, AFFILIATES GET THE CASH VALUE OF THE MORTGAGE RIGHT AWAY, RATHER THAN HAVING TO WAIT 20 TO 30 YEARS FOR THE PAYMENTS TO COME IN. AFFILIATES THEN USE THIS CASH TO ACCELERATE HOME BUILDING, ACQUIRE LAND FOR LARGE-SCALE PROJECTS, AND LEVERAGE SUPPORT FROM OTHERS. ALL PLEDGED MORTGAGES MUST BE TO HOMEOWNERS WITH INCOMES AT OR BELOW 80% OF MEDIAN AT THE TIME THE FAMILY WAS SELECTED. A SUBSET OF THIS LOAN FUND WAS APPROVED AND ROLLED OUT IN FY'22. HABITAT HOMEBUYERS MAKING EQUAL TO OR LESS THAN 80% AREA MEDIAN INCOME CAN BE QUALIFIED TO RECEIVED DOWNPAYMENT ASSISTANCE IN THE FORM OF A SUBORDIANTE MORTGAGE. THIS SUBORDINATE MORTGAGE LOWERS THE FIRST MORTGAGE AMOUNT, MAKING THEIR PAYMENTS MORE AFFORDABLE, AND FUNDS ARE DISBURSED AFTER CLOSING TO THE HABITAT AFFILIATE WHO DEVELOPED AND SOLD THE PROPERTY. THE HOMEOWNER BEGINS AMMORITIZED REPAYMENT OF THE SUBORDINATE MORTGAGE ONLY AFTER THE FIRST MORTGAGE HAS BEEN PAID IN FULL. AS OF JUNE 30, 2022, $1 MILLION HAS BEEN DISBURSED FOR THESE PURPOSES.


THE MINNESOTA HOUSING FINANCE AGENCY (MHFA) PROVIDES GRANTS AND LOANS TO AFFORDABLE HOUSING DEVELOPERS THROUGH A COMPETITIVE ONCE A YEAR REQUEST FOR PROPOSAL PROCESS UNDER ITS COMMUNITY HOMEOWNERSHIP IMPACT FUND (FORMERLY COMMUNITY REVITILIZATION) PROGRAM. THE MHFA HAS ASKED HFH-MN TO SERVE AS THE COORDINATING ENTITY FOR THE GREATER MINNESOTA HABITAT AFFILIATES APPLICATION FOR THESE FUNDS. IN FY 22, HFH-MN DISBURSED $121,000 FOR 8 HOMES UNDER THIS PROGRAM. ALL FUNDS RECEIVED FROM MHFA UNDER THESE PROGRAM GRANTS ARE PASSED THROUGH TO AFFILIATES TO SUPPORT THE CONSTRUCTION OR REPAIR OF SPECIFIC QUALIFYING HOMES. ALL NEW CONSTRUCTION HOMES MUST BE SOLD TO HOMEOWNERS WITH INCOMES AT OR BELOW 60% OF MEDIAN. ALL HOME REPAIRS MUST BE COMPLETED FOR HOUSEHOLDS WITH INCOMES AT OR BELOW 40% OF AREA MEDIAN INCOME. IN THE FALL OF 2008, THE MHFA SPECIFIED THAT ALL NEWLY CONSTRUCTED HOMES BUILT WITH IMPACT FUNDS MUST MEET THE MINNESOTA GREEN COMMUNITIES CRITERIA (MGCC). THIS REQUIREMENT APPLIES TO OUR CURRENT IMPACT FUND VALUE GAP AWARD. FUNDS PROVIDED UNDER THESE GRANTS ARE SECURED BY A SUBORDIANTE MORTGAGE OR DEED RESTRICTION HELD BY HFH-MN ON THE SPECIFIC HOME. NO MONTHLY PAYMENTS ARE DUE UNDER THESE LIENS AND, IF THE HOMEOWNER MAINTAINS OCCUPANCY OF THE HOME THROUGH THE MATURITY DATE, THE FUNDS ARE FORGIVEN. ANY REPAYMENTS RECEIVED BY HFH-MN FROM THESE SUBORDINATE LIENS ARE TO BE RE-USED FOR THE ORIGINAL INTENDED PURPOSE AND DO NOT NEED TO BE REPAID TO MHFA IF HFH-MN MEETS THIS REQUIREMENT.


THE HABITAT 500 IS A PEER-TO-PEER FUNDRAISING BIKE RIDE EVENT THAT SUPPORTS HABITAT FOR HUMANITY AFFILIATES AROUND THE NATION. HABITAT MINNESOTA COORDINATES AND SPONSORS THE ANNUAL RIDE THAT HOSTS BETWEEN 130-150 CYCLISTS WHO, THROUGH THEIR PEERS, FUNDRAISE FOR A DESIGNATED HABITAT FOR HUMANITY AFFILIATE. HABITAT MINNESOTA COORDINATES THE RIDE LOGISTICS AND FUNDRAISING DISBURSEMENTS TO THE DESIGNATED AFFILIATES.


OTHER PROGRAM SERVICES INCLUDE TRAINING AND TECHNICAL ASSISTANCE TO OUR BORROWER AFFILIATES AND OTHER MISCELLANEOUS PROGRAM SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Cristen Incitti
President & CEO
$119,882
Kevin Pelkey
Treasurer
$0
Julie Gugin
Chair - Part Year
$0
Deb Flannery
Vice Chair
$0
Bret Busse
Chair - Part Year
$0
Aubrey Albrecht
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$207,911
Related organizations$0
Government grants $558,197
All other contributions, gifts, grants, and similar amounts not included above$390,123
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,156,231
Total Program Service Revenue$1,041,373
Investment income $2,640
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $51,683
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,293,890

Grants Awarded

Over the last fiscal year, Habitat For Humanity International Inc has awarded $188,850 in support to 12 organizations.

Grant RecipientAmount

GOODHUE COUNTY HABITAT FOR HUMANITY

Org PageRecipient Profile

Red Wing, MN

PURPOSE: HABITAT 500 AND CVR GRANT

$55,489

TWIN CITIES HABITAT FOR HUMANITY

Org PageRecipient Profile

St Paul, MN

PURPOSE: HABITAT 500

$25,156

NORTHWOODS HABITAT FOR HUMANITY

Org PageRecipient Profile

Bemidji, MN

PURPOSE: HABITAT 500

$17,147

HABITAT FOR HUMANITY OF MARTIN FARIBAULT COUNTY

Org PageRecipient Profile

Blue Earth, MN

PURPOSE: HABITAT 500

$16,925

HABITAT FOR HUMANITY OF MILWAUKEE

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: HABITAT 500

$13,175

CHAMPAIGN HABITAT FOR HUMANITY

Org PageRecipient Profile

Champaign, IL

PURPOSE: HABITAT 500

$12,320
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Habitat For Humanity International Inc has recieved totaling $182,832.

Awarding OrganizationAmount
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$64,858
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$28,275
Results Foundation

Eden Prairie, MN

PURPOSE: GENERAL PURPOSE TO SUPPORT OPERATIONS.

$28,000
Habitat For Humanity International Inc

Americus, GA

PURPOSE: AFFORDABLE HOUSING

$25,469
Minneapolis Foundation

Minneapolis, MN

PURPOSE: COMMUNITY & ECONOMIC DEVELOPMENT

$24,500
American Endowment Foundation

Hudson, OH

PURPOSE: HOUSING, SHELTER

$6,580
View Grant Recipient Profile

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