Habitat For Humanity International Inc
- Assets
- $16.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 61
- Location
- Richmond, VA
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 54-1385198
Organization Overview
Habitat For Humanity International Inc is located in Richmond, 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 06/2023, Habitat For Humanity International Inc employed 61 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 $7.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $8.0m during the year ending 06/2023. While expenses have increased by 10.9% 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
RICHMOND METRO HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO PROVIDING QUALITY HOUSING TO PEOPLE WITH LOWER INCOMES WHO HAVE THE ABILITY TO PURCHASE HOMES THROUGH THE OPPORTUNITY OF PRE- AND POST-PURCHASE EDUCATION, VOLUNTEER SERVICE, AND AN AFFORDABLE MORTGAGE. THE ORGANIZATION FOLLOWS ALL FAIR HOUSING LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Bloom Secretary | OfficerTrustee | 2 | $0 |
Theodore T Brown Director | Trustee | 2 | $0 |
Imad Damaj Director | Trustee | 2 | $0 |
Malaina Edler-Nelson Director | Trustee | 2 | $0 |
Anne Marie Carroll Director | Trustee | 2 | $0 |
W Mercer Ferguson Board Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tredegar Construction Home Framing, Roofing And Repairs | 6/29/23 | $666,130 |
Jesus Cerritos Company Foundation Work On Home Construction | 6/29/23 | $101,529 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $146,441 |
| Government grants | $1,662,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,110,195 |
| Noncash contributions included in lines 1a–1f | $1,790,889 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,919,172 |
| Total Program Service Revenue | $1,873,642 |
| Investment income | $100,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,376 |
| Net Gain/Loss on Asset Sales | -$320 |
| Net Income from Fundraising Events | $42,908 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $439,506 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,408,897 |
| 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. | $138,037 |
| Compensation of current officers, directors, key employees. | $90,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,249,394 |
| Pension plan accruals and contributions | $26,358 |
| Other employee benefits | $283,295 |
| Payroll taxes | $177,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,493 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,612 |
| Advertising and promotion | $0 |
| Office expenses | $29,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,915 |
| Travel | $45,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,454 |
| Insurance | $134,133 |
| All other expenses | $9,130 |
| Total functional expenses | $7,963,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,819 |
| Savings and temporary cash investments | $936,893 |
| Pledges and grants receivable | $523,783 |
| Accounts receivable, net | $14,816 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,607,854 |
| Inventories for sale or use | $3,371,826 |
| Prepaid expenses and deferred charges | $60 |
| Net Land, buildings, and equipment | $2,862,514 |
| Investments—publicly traded securities | $2,883,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $802,619 |
| Total assets | $16,005,401 |
| Accounts payable and accrued expenses | $333,680 |
| 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 | $2,967,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $535,667 |
| Total liabilities | $3,837,300 |
| Net assets without donor restrictions | $10,711,723 |
| Net assets with donor restrictions | $1,456,378 |
| 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 | $16,005,401 |