Habitat For Humanity International Inc
- Assets
- $12.0m
- Revenue
- $8.8m
- Investments
- $497.0k
- Employees
- 54
- Location
- Wilmington, DE
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 51-0294138
Organization Overview
Habitat For Humanity International Inc is located in Wilmington, DE. 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 54 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 $8.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $7.8m during the year ending 06/2023. While expenses have increased by 7.7% 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
WE PUT GOD'S LOVE INTO ACTION BY BUILDING HOMES, COMMUNITIES AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD AND RENOVATE HOMES FOR SALE TO LOW INCOME PARTNER FAMILIES AND HOLD ZERO-INTEREST MORTGAGES. DURING THE YEAR ENDED JUNE 30, 2023, 10 HOMES WERE TRANSFERRED FOR HOMEOWNERSHOP AND 6 HOMES WERE UNDER CONSTRUCTION AS OF THE END OF THE PERIOD.
THE ORGANIZATION ALSO PROVIDES ITS HOME REPAIR PROGRAM. THE HOME REPAIR PROGRAM IS A NATIONWIDE EFFORT TO SERVE LOW-INCOME HOMEOWNERS WHO STRUGGLE TO MAINTAIN THE EXTERIOR AND INTERIOR OF THEIR HOMES.
THE ORGANIZATION OPERATES TWO RESTORES WITH LOCATIONS IN WILMINGTON AND MIDDLETOWN, DELAWARE. THESE RESTORES ARE RETAIL OUTLETS WHERE QUALITY USED AND SURPLUS BUILDING MATERIALS, FURNITURE, AND APPLIANCES ARE SOLD AT A FRACTION OF NORMAL PRICES. THE MATERIALS SOLD BY THE RESTORES ARE USUALLY DONATED FROM BUILDING SUPPLY STORES, CONTRACTORS, OR FROM INDIVIDUALS WHO WISH TO SHOW THEIR SUPPORT FOR THE ORGANIZATION. IN ADDITION TO RAISING FUNDS, THE RESTORES HELP THE ENVIRONMENT BY RECHANNELING GOOD, USABLE MATERIALS INTO USE. THE PROCEEDS FROM THE RESTORES HELP THE ORGANIZATION FUND THE CONSTRUCTION OF HOUSES WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salvatore Rossi President | OfficerTrustee | 4 | $0 |
James Gandolfo Treasurer | OfficerTrustee | 4 | $0 |
George Beer Member | Trustee | 2 | $0 |
William J Grasso III Member | Trustee | 2 | $0 |
Schlonn Hawkins Member | Trustee | 2 | $0 |
Kori Kaldor Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paoli Services Construction | 6/29/23 | $278,013 |
The Professional Services Llc Construction | 6/29/23 | $161,733 |
Ruiz Construction Llc Construction | 6/29/23 | $159,074 |
Bolden Construction Llc Construction | 6/29/23 | $153,705 |
Lawrence T Saxton Construction Construction | 6/29/23 | $147,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,020 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,051,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,814,287 |
| Noncash contributions included in lines 1a–1f | $1,303,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,871,655 |
| Total Program Service Revenue | $2,789,230 |
| Investment income | $32,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,459 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $64,680 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,690 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,849,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,508 |
| Grants and other assistance to domestic individuals. | $1,157,417 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,910 |
| Compensation of current officers, directors, key employees. | $23,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,720,512 |
| Pension plan accruals and contributions | $15,993 |
| Other employee benefits | $289,059 |
| Payroll taxes | $130,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,464 |
| Advertising and promotion | $58,587 |
| Office expenses | $34,551 |
| Information technology | $9,169 |
| Royalties | $0 |
| Occupancy | $369,418 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,158 |
| Interest | $0 |
| Payments to affiliates | $112,209 |
| Depreciation, depletion, and amortization | $60,173 |
| Insurance | $0 |
| All other expenses | $1,256 |
| Total functional expenses | $7,789,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,821 |
| Savings and temporary cash investments | $1,600,931 |
| Pledges and grants receivable | $1,024,365 |
| Accounts receivable, net | $29,986 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,226,745 |
| Inventories for sale or use | $80,228 |
| Prepaid expenses and deferred charges | $48,178 |
| Net Land, buildings, and equipment | $737,749 |
| Investments—publicly traded securities | $1,169,833 |
| Investments—other securities | $497,047 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,091,477 |
| Total assets | $12,027,360 |
| Accounts payable and accrued expenses | $162,735 |
| Grants payable | $0 |
| Deferred revenue | $1,460 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $964,913 |
| Total liabilities | $1,129,108 |
| Net assets without donor restrictions | $9,740,681 |
| Net assets with donor restrictions | $1,157,571 |
| 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 | $12,027,360 |