Habitat For Humanity International Inc

Organization Overview

Habitat For Humanity International Inc is located in Newport News, VA. 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 06/2024, Habitat For Humanity International Inc employed 122 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 06/2024, Habitat For Humanity International Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $8.5m during the year ending 06/2024. While expenses have increased by 8.3% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

HABITAT FOR HUMANITY PENINSULA & GREATER WILLIAMSBURG, INC. WAS FOUNDED IN OCTOBER 1985 AS A NONPROFIT, ECUMENICAL HOUSING MINISTRY AFFILIATED WITH HABITAT FOR HUMANITY INTERNATIONAL, INC., TO SEEK TO ELIMINATE POVERTY AND HOMELESSNESS FROM THE WORLD,AND TO MAKE DECENT SHELTER A MATTER OF CONSCIENCE AND ACTION. THROUGH VOLUNTEER LABOR AND DONATIONS OF MONEY AND MATERIALS, HABITAT BUILDS SIMPLE, DECENT HOUSES WITH THE HELP OF LOW-INCOME HOMEOWNER FAMILIES. HABITAT FOR HUMANITY PENINSULA & GREATER WILLIAMSBURG FOCUSES ITS EFFORTS IN NEWPORT NEWS, HAMPTON, WILLIAMSBURG, JAMES CITY COUNTY, YORK COUNTY, NEW KENT AND CHARLES CITY AREAS OF VIRGINIA. THE HOUSES BUILT BY HABITAT AND ITS VOLUNTEERS ARE SOLD TO PARTNER FAMILIES AT NO PROFIT, FINANCED WITH AFFORDABLE,NO INTEREST LOANS. THE HOMEOWNERS' MONTHLY MORTGAGE PAYMENTS GO TO FUND MORE HOUSES AND THE OPERATIONS OF HABITAT. IN ADDITION TO THE MONTHLY MORTGAGE PAYMENT, EACH HOMEOWNER FAMILY INVESTS HUNDREDS OF HOURS OF THEIR OWN LABOR INTO TH

Describe the Organization's Program Activity:

CONSTRUCTION & SALE OF HOMES. HABITAT COMPLETED AND SOLD 6 HOUSES DURING FYE JUNE 2024. AT JUNE 30, 2024, AN ADDITIONAL 22 HOUSES WERE UNDER CONSTRUCTION. COSTS EXPENDED TO DATE ON THE HOUSES IN PROGRESS TOTALING 1,560,876 ARE CAPITALIZED ON THE BALANCE SHEET AND NOT INCLUDED IN THE EXPENSE AMOUNT REPORTED ON THE 990. PROGRAM EXPENSE INCLUDES THE DIRECT COST OF CONSTRUCTION, CONSTRUCTION OVERHEAD, AND THE COSTS OF SELECTING POTENTIAL HOMEOWNERS AND EDUCATING THEM IN THE RESPONSIBILITIES OF HOMEOWNERSHIP. THIS INCLUDES HOME REPAIRS AND MAINTENANCE AND FINANCIAL AND CREDIT EDUCATION.


HABITAT FOR HUMANITY RESTORES ARE NONPROFIT HOME IMPROVEMENT STORES AND DONATION CENTERS THAT SELL NEW AND GENTLY-USED FURNITURE, APPLIANCES, HOME ACCESSORIES, BUILDING MATERIALS AND MORE TO THE PUBLIC AT A FRACTION OF RETAIL PRICE. THE GOAL OF THE RESTORE IS TO GENERATE ENOUGH PROFITS TO BUILD MORE HABITAT HOMES FOR DESERVING, LOW-INCOME FAMILIES, AS WELL AS TO PROMOTE RECYCLING. 100% OF THE NET PROCEEDS FROM THE RESTORES ARE USED TO BUILD AND SELL AFFORDABLE HOUSING.


HOMES ARE SOLD TO QUALIFIED LOW-INCOME FAMILIES WITH INTEREST AT -0-%, GENERALLY WITH 20 TO 30 YEAR MORTGAGES. THE MORTGAGES ARE DISCOUNTED TO REFLECT THE FMV OF THE 0% INTEREST RATE. THIS DISCOUNT IS THE COST TO HABITAT OF PROVIDING THE MORTGAGES.


VOLUNTARY SUPPORT OF HABITAT FOR HUMANITY INTERNATIONAL HOUSE BUILDING PROGRAMS OUTSIDE THE UNITED STATES, AND DONATIONS TO OTHER CHARITABLE ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Keith Vander Vennet
President
$0
Jim Golini
President El
$0
Stephen Abbitt
Im. Past Pre
$0
Brandon Knight
Treasurer
$0
Curtis Lassiter
Secretary
$0
Lindsey Carney Smith
Of Counsel
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $528,806
All other contributions, gifts, grants, and similar amounts not included above$2,124,784
Noncash contributions included in lines 1a–1f $374,298
Total Revenue from Contributions, Gifts, Grants & Similar$2,653,590
Total Program Service Revenue$1,241,249
Investment income $18,548
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$2,967
Net Gain/Loss on Asset Sales -$5,220
Net Income from Fundraising Events $300,855
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,301,206
Miscellaneous Revenue$0
Total Revenue $8,507,261

Peer Organizations

Organization NameAssets
Shelter House Inc
Reston, VA
$18,329,274
Alexandria Housing Development Corporation
Alexandria, VA
$12,284,689
Wesley Housing Development Corporation Of Northern Virginia
Alexandria, VA
$13,972,178
National Lutheran Inc
Frederick, MD
$7,111,650
Habitat For Humanity Of The Chesapeake Inc
Baltimore, MD
$11,322,319
Transitional Housing Corporation
Washington, DC
$11,681,180
Supportworks Housing
Richmond, VA
$14,118,838
Habitat For Humanity Of Metro Louisville Inc
Louisville, KY
$11,012,266
Habitat For Humanity International Inc
Memphis, TN
$12,248,424
Our Lady Of Peace Inc
Roanoke, VA
$12,235,323
Housing Partnership Inc
Louisville, KY
$12,078,295
Appalachia Service Project Inc
Johnson City, TN
$11,655,631
Redwood Housing Inc
North Bethesda, MD
$9,748,902
Habitat For Humanity International Inc
Asheville, NC
$11,274,861
National Association Of Housing & Redevelopment Officials
Washington, DC
$8,266,904
Habitat For Humanity International Inc
Newport News, VA
$8,507,261
Chisom Housing Group
Washington, DC
$8,003,392
Habitat For Humanity International Inc
Richmond, VA
$7,408,897
District Alliance For Safe Housing Inc
Washington, DC
$12,116,344
Community Housing Partnership Of Williamson County
Franklin, TN
$9,094,900
True Ground Housing Partners
Arlington, VA
$20,138,513
United Housing Inc
Memphis, TN
$8,634,919
Chemung View Housing Inc
North Bethesda, MD
$8,326,428
Casa
Raleigh, NC
$9,762,684
Cape Fear Habitat For Humanity Inc
Wilmington, NC
$6,836,565

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