Habitat For Humanity International Inc
- Assets
- $7.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 41
- Location
- Rapid City, SD
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 46-0410933
Organization Overview
Habitat For Humanity International Inc is located in Rapid City, SD. 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 41 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 $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 7.0% 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
THE ORGANIZATION SEEKS TO PUT GOD'S LOVE INTO ACTION BY BRINGING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE, WITH A VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATING, FINANCING, AND PRESERVING HOMEOWNERSHIP: BLACK HILLS AREA HABITAT FOR HUMANITY (BHAHFH) CREATES AFFORDABLE HOME OWNERSHIP, ENGAGING THE FAMILY AND COMMUNITY VOLUNTEERS TO BUILD OR REHAB THE HOME USING DONATED LABOR, MATERIALS AND CONTRIBUTED FUNDS. FAMILIES ARE SELECTED BASED ON THEIR INCOME (30-80% OF AMI), THEIR ABILITY TO AFFORD A MODEST MORTGAGE, THEIR WILLINGNESS TO PARTNER IN THE PROGRAM, AND THEIR INELIGIBILITY FOR OTHER FINANCING. AN AVERAGE OF 55 PEOPLE VOLUNTEER MONTHLY, WITH AN ESTIMATED 9,000 VOLUNTEER HOURS PER YEAR. THE COMPLETED HOME IS THEN SOLD TO THE PARTNERING FAMILY AT ITS MARKET VALUE BY PLACING A 0% OR LOW INTEREST MORTGAGE ON THE HOME. LONG-TERM MORTGAGE FINANCING IS THE KEY COMPONENT THAT MAKES BHAHFH HOMES AFFORDABLE. HOMES ARE SOLD TO LOCAL LOW-INCOME FAMILIES, THE MAJORITY OF WHICH EARN LESS THAN 50% OF THE AREA MEDIAN INCOME. MONTHLY MORTGAGE PAYMENTS COLLECTED BY BHAHFH ARE ADDED TO THE DONATION RESOURCES USED FOR BUILDING ADDITIONAL HOMES FOR FAMILIES IN NEED OF AFFORDABLE HOUSING. MORE THAN 500 PEOPLE HAVE BEEN PLACED IN HOMES SINCE 1990. DURING FY23, 5 HOMES WERE COMPLETED. BHAHFH PARTNERS WITH INDIVIDUALS, CHURCHES, CORPORATE PARTNERS, ORGANIZATIONS, AND LOCAL AND STATE GOVERNMENT TO ACCOMPLISH ITS MISSION. IN ADDITION, THE HOME REPAIR PROGRAM PROVIDES PAINTING, LANDSCAPING, AND CRITICAL REPAIRS TO QUALIFYING LOW-INCOME HOMEOWNERS STRUGGLING TO MAINTAIN THEIR HOMES. TO DATE, BHAHFH HAS SERVED OVER 185 INDIVIDUALS WITH HOME REPAIR.
RESTORE: BHAHFH OPERATES TWO RESTORE LOCATIONS THAT ACCEPT DONATED BUILDING MATERIALS AND HOME ITEMS FOR RESALE TO THE GENERAL PUBLIC. THIS INITIATIVE ALLOWS HOMEOWNERS IN THE COMMUNITY TO PURCHASE ITEMS AT REDUCED PRICES AND KEEP THEIR HOMES AFFORDABLE. IN ADDITION, UNSALABLE ITEMS ARE RECYCLED TO HELP SAVE THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Engmann Executive Di | Officer | 40 | $103,570 |
Heidi Christner Operations M | Officer | 40 | $67,257 |
Karla Fitschen Controller | Officer | 40 | $65,471 |
Tom Haggerty President | OfficerTrustee | 1.32 | $0 |
Leah Bifulco Vice Preside | OfficerTrustee | 1.39 | $0 |
Scott Reiman Treasurer | OfficerTrustee | 1.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $17,624 |
| Membership dues | $0 |
| Fundraising events | $7,108 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,979,888 |
| Noncash contributions included in lines 1a–1f | $1,008,037 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,004,620 |
| Total Program Service Revenue | $1,556,445 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $115,144 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $63,692 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,772,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,260 |
| 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. | $239,341 |
| Compensation of current officers, directors, key employees. | $63,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $646,956 |
| Pension plan accruals and contributions | $24,701 |
| Other employee benefits | $67,359 |
| Payroll taxes | $111,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,866 |
| Fees for services: Accounting | $33,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,460 |
| Advertising and promotion | $13,904 |
| Office expenses | $84,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,644 |
| Travel | $28,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,689 |
| Interest | $34,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,110 |
| Insurance | $54,153 |
| All other expenses | $6,103 |
| Total functional expenses | $3,135,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,379,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $82,613 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $745,026 |
| Prepaid expenses and deferred charges | $9,577 |
| Net Land, buildings, and equipment | $1,913,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,285,657 |
| Intangible assets | $0 |
| Other assets | $23,488 |
| Total assets | $7,589,087 |
| Accounts payable and accrued expenses | $93,630 |
| 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 | $888,542 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,042 |
| Total liabilities | $1,012,214 |
| Net assets without donor restrictions | $6,376,873 |
| Net assets with donor restrictions | $200,000 |
| 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 | $7,589,087 |
Grants Awarded
Over the last fiscal year, Habitat For Humanity International Inc has awarded $251,280 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF RAPID CITY PURPOSE: LOW INCOME HOUSING | $212,880 |
HUMANITY INTERNATIONAL PURPOSE: AFFORDABLE HOUSING | $38,400 |