New River Valley Habitat For Humanity Inc
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Christiansburg, VA
- Founding
- 06/1987
- Data as of
- 06/2022
- EIN
- 54-1367548
Organization Overview
New River Valley Habitat For Humanity Inc is located in Christiansburg, VA. The organization was established in 1987. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, New River Valley Habitat For Humanity Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New River Valley Habitat For Humanity 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, New River Valley Habitat For Humanity Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 12.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HABITAT FOR HUMANITY OF THE NEW RIVER VALLEY IS AN INDEPENDENT AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL THAT PROVIDES AFFORDABLE HOUSING TO QUALIFYING LOW INCOME FAMILIES INADEQUATELY HOUSED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AFFORDABLE HOUSING TO LOW INCOME FAMILIES. THE ORGANIZATION BUILDS HOMES AND ALSO PROVIDES ZERO INTEREST FINANCING FOR MANY OF THE HOMES IT SELLS.
THE ORGANIZATION OPERATES A RETAIL STORE WHERE DONATED BUILDING MATERIALS AND SUPPLIES, FURNITURE, AND APPLIANCES ARE SOLD AT DISCOUNTED PRICES. NET PROCEEDS ALSO HELP FUND OTHER PROGRAM SERVICES.
THE ORGANIZATION HELPS SUPPORT THE GLOBAL HOME CONSTRUCTION MISSION OF HABITAT FOR HUMANITY INTERNATIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Drader Executive Director | Officer | 40 | $85,000 |
Mary A Bonadeo Development Chair | OfficerTrustee | 2 | $0 |
Kate Means Chair | OfficerTrustee | 2 | $0 |
John Ross Building Official | Trustee | 2 | $0 |
Jim Rakes Board Member | Trustee | 2 | $0 |
Holly L Lesko Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,954 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,304 |
| Total Program Service Revenue | $238,705 |
| Investment income | $391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $645,063 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,356,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,776 |
| Grants and other assistance to domestic individuals. | $3,301 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $21,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $459,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,086 |
| Payroll taxes | $43,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,680 |
| Advertising and promotion | $35,537 |
| Office expenses | $11,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,172 |
| Travel | $16,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $344 |
| Interest | $5,226 |
| Payments to affiliates | $7,500 |
| Depreciation, depletion, and amortization | $15,290 |
| Insurance | $62,932 |
| All other expenses | $116,550 |
| Total functional expenses | $1,296,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,314 |
| Savings and temporary cash investments | $359,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $695,775 |
| Inventories for sale or use | $52,133 |
| Prepaid expenses and deferred charges | $26,135 |
| Net Land, buildings, and equipment | $43,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,041,694 |
| Intangible assets | $0 |
| Other assets | $1,549 |
| Total assets | $2,363,960 |
| Accounts payable and accrued expenses | $70,680 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,064 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $158,728 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,039 |
| Total liabilities | $233,511 |
| Net assets without donor restrictions | $2,089,779 |
| Net assets with donor restrictions | $40,670 |
| 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 | $2,363,960 |
Grants Awarded
Over the last fiscal year, New River Valley Habitat For Humanity Inc has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY VIRGINIA PURPOSE: To carry out the orgs mission in VA | $16,000 |
Americus, GA PURPOSE: To carry out the orgs mission globally | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New River Valley Habitat For Humanity Inc has recieved totaling $88,507.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $63,714 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $10,522 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,671 |
Corning Incorporated Foundation Corning, NY PURPOSE: GENERAL PROGRAM SUPPORT | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Housing Solutions Inc Nashville, TN | $85,110,787 | $12,951,476 |
Habitat For Humanity Of Durham Inc Durham, NC | $20,924,990 | $12,200,420 |
National Fair Housing Alliance Washington, DC | $7,165,882 | $7,441,500 |
Habitat For Humanity International Inc Knoxville, TN | $15,712,472 | $7,598,798 |
Homewood Retirement Centers Inc Williamsport, MD | $50,217,703 | $6,238,991 |
Habitat For Humanity Orange County Chapel Hill, NC | $18,236,653 | $8,810,630 |
Habitat For Humanity International Inc Aberdeen, NC | $11,746,937 | $8,636,266 |
Goodwin House Home And Community Based Services Alexandria, VA | $5,762,762 | $4,853,938 |
Our Towns Of North Mecklenburg - Iredell Habitat For Humanity Davidson, NC | $0 | $4,247,213 |
Holston Habitat For Humanity Inc Kingsport, TN | $5,229,003 | $4,636,648 |
Tennessee Homeless Solutions Jackson, TN | $271,410 | $3,048,751 |
Habitat For Humanity International Inc Hendersonville, NC | $13,143,537 | $3,188,722 |