Habitat For Humanity International Inc
- Assets
- $9.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 34
- Location
- Waterloo, IA
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 42-1350378
Organization Overview
Habitat For Humanity International Inc is located in Waterloo, IA. 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 06/2023, Habitat For Humanity International Inc employed 34 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 $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 12.6% 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
IOWA HEARTLAND HABITAT FOR HUMANITY IS AN ECUMENICAL CHRISTIAN HOUSING MINISTRY WORKING TO ELIMINATE POVERTY HOUSING. HABITAT FOR HUMANITY WORKS IN PARTNERSHIP WITH PEOPLE IN NEED OF ADEQUATE SHELTER BY PROVIDING SAFE, SIMPLE, AFFORDABLE HOUSING SO THAT ALL GOD'S CHILDREN CAN LIVE AND GROW INTO ALL THAT GOD INTENDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OBTAINS DONATIONS OF MONEY, MATERIALS, AND LABOR TO BUILD OR REHABILITATE HOMES WITH THE ASSISTANCE OF THE FUTURE HOME OWNERS. ELIGIBLE FAMILIES PURCHASE THESE HOMES FROM THE ORGANIZATION.
IOWA HEARTLAND HABITAT FOR HUMANITY RESTORE IS A DISCOUNT HOME IMPROVEMENT STORE THAT FOCUSES ON KEEPING QUALITY, USABLE BUILDING MATERIALS AND HOME GOODS OUT OF OUR LANDFILL. RESTORE ACCEPTS NEW AND USED MATERIAL DONATIONS FROM INDIVIDUALS, RETAILERS AND CONTRACTORS, AND THEN SELLS THOSE MATERIALS BACK TO THE GENERAL PUBLIC AT DEEPLY DISCOUNTED PRICES. PROCEEDS HELP BUILD HABITAT FOR HUMANITY HOMES IN THE COMMUNITIES WE SERVE.
HABITAT PARTNERS WITH LOW TO MODERATE INCOME HOMEOWNERS TO PERFORM CRITICAL REPAIRS AND MODIFICATIONS ON THEIR HOMES. HABITAT CARRIES THE COST OF PURCHASED MATERIALS AS WORK IN PROCESS INVENTORY UNTIL COMPLETION OF THE HOME PROJECT. UPON COMPLETION OF THE HOME REPAIRS OR MODIFICATION, WORK IN PROCESS IS THEN CHARGED TO PROGRAM EXPENSE. CONSTRUCTION LABOR IS PROVIDED BY HABITAT CONSTRUCTION STAFF, VOLUNTEERS, AND CONTRACTORS. NO VALUE IS RECOGNIZED IN THE ACCOUNTS FOR LABOR CONTRIBUTED BY HABITAT VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Parrish Executive Di | OfficerTrustee | 40 | $124,683 |
Donna Brown Director | Trustee | 1 | $0 |
Brent Buhr Director | Trustee | 1 | $0 |
Natalie Burris Secretary | OfficerTrustee | 1 | $0 |
Pete Gaumer Director | Trustee | 1 | $0 |
Wayne Green Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $101,629 |
| Related organizations | $0 |
| Government grants | $581,649 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,891,841 |
| Noncash contributions included in lines 1a–1f | $1,017,748 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,575,119 |
| Total Program Service Revenue | $0 |
| Investment income | $63,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,977 |
| Net Income from Fundraising Events | $95,691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,386,874 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,984,467 |
| 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. | $124,683 |
| Compensation of current officers, directors, key employees. | $24,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,226,607 |
| Pension plan accruals and contributions | $43,369 |
| Other employee benefits | $151,346 |
| Payroll taxes | $112,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,834 |
| Fees for services: Lobbying | $2,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,370 |
| Office expenses | $51,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,886 |
| Payments to affiliates | $67,600 |
| Depreciation, depletion, and amortization | $147,775 |
| Insurance | $115,971 |
| All other expenses | $40,530 |
| Total functional expenses | $2,530,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,634,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $482,622 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,220,973 |
| Inventories for sale or use | $1,938,553 |
| Prepaid expenses and deferred charges | $32,447 |
| Net Land, buildings, and equipment | $1,713,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $719,830 |
| Total assets | $9,743,117 |
| Accounts payable and accrued expenses | $231,707 |
| 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 | $974,552 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,206,259 |
| Net assets without donor restrictions | $7,856,803 |
| Net assets with donor restrictions | $680,055 |
| 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 | $9,743,117 |