Habitat For Humanity International Inc
- Assets
- $59.0m
- Revenue
- $36.5m
- Investments
- $0.0
- Employees
- 189
- Location
- Raleigh, NC
- Founding
- 01/1987
- Data as of
- 06/2024
- EIN
- 56-1492703
Organization Overview
Habitat For Humanity International Inc is located in Raleigh, NC. 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 189 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 $36.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $33.7m during the year ending 06/2024. While expenses have increased by 7.6% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY OF WAKE COUNTY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE PROGRAMS - THE HABITAT RESTORES ARE HOME IMPROVEMENT STORES THAT SELL NEW AND USED FURNITURE, BUILDING MATERIALS, APPLIANCES AND HOUSEHOLD GOODS TO THE PUBLIC AT DISCOUNTED PRICES. THESE ITEMS ARE COLLECTED AS TAX-DEDUCTIBLE DONATIONS FROM INDIVIDUAL AND COMMUNITY DONORS. PROCEEDS BENEFIT HABITAT'S MISSION TO BUILD SAFE, AFFORDABLE HOMES. THE RESTORES ALSO SEEK TO BE GOOD STEWARDS OF THE ENVIRONMENT BY DIVERTING MORE THAN 5,000 TONS OF USABLE ITEMS FROM LANDFILLS ANNUALLY.
HOME BUILDING SERVICES - THIS PROGRAM CONSTRUCTS SAFE, AFFORDABLE, ENERGY-EFFICIENT HOMES TO SELL TO QUALIFIED HOMEBUYERS AND OFFERS THE PUBLIC A TANGIBLE WAY TO INTERACT WITH HABITAT WAKE'S MISSION TO BUILD AFFORDABLE HOUSING. HABITAT WAKE'S PROFESSIONAL CONSTRUCTION TEAM WORKS ALONGSIDE VOLUNTEERS TO BUILD THE HOMES, WHICH ARE THEN AVAILABLE FOR PURCHASE BY QUALIFIED HOMEBUYERS THROUGH HABITAT'S HOMEOWNERSHIP PROGRAM.
HOMEOWNER SERVICES - THIS PROGRAM RECRUITS AND SELECTS ELIGIBLE HOMEBUYERS AND SUPPORTS THEM THROUGH THE PROCESS OF BUYING AN AFFORDABLE HABITAT HOME. THE HOMEOWNER SERVICES PROGRAM ALSO PROVIDES EDUCATIONAL OPPORTUNITIES IN THE FORM OF FINANCIAL PLANNING AND HOME MAINTENANCE COURSES. FINALLY, THIS PROGRAM FACILITATES THE ACQUISITION OF AFFORDABLE MORTGAGES FOR ELIGIBLE HOMEBUYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Burch CEO | Officer | 40 | $239,852 |
Emily George VP Of Restores | 40 | $110,225 | |
April Mcvey VP Of Finance | Officer | 40 | $94,120 |
Beth Jones Chair | OfficerTrustee | 5 | $0 |
Evan Stolove Vice Chair | OfficerTrustee | 5 | $0 |
Renu Jain Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wellons Construction Inc Land Development | 6/29/24 | $1,357,823 |
Onsite Resources Inc Construction Service | 6/29/24 | $1,118,194 |
Cl Sales Consultant Llc Construction Service | 6/29/24 | $571,197 |
Rdz Construction Framing Services | 6/29/24 | $485,500 |
Alliance Plumbing Co Plumbing Services | 6/29/24 | $408,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,071 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,151,318 |
| Noncash contributions included in lines 1a–1f | $10,430,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,162,389 |
| Total Program Service Revenue | $20,122,608 |
| Investment income | $186,123 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,471,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $395,639 |
| Compensation of current officers, directors, key employees. | $395,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,112,399 |
| Pension plan accruals and contributions | $105,351 |
| Other employee benefits | $878,749 |
| Payroll taxes | $508,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,131 |
| Fees for services: Accounting | $28,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $383,854 |
| Advertising and promotion | $244,870 |
| Office expenses | $366,678 |
| Information technology | $470,824 |
| Royalties | $0 |
| Occupancy | $2,378,043 |
| Travel | $369,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,213 |
| Interest | $390,444 |
| Payments to affiliates | $30,300 |
| Depreciation, depletion, and amortization | $426,242 |
| Insurance | $240,145 |
| All other expenses | $600,339 |
| Total functional expenses | $33,695,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,295,201 |
| Savings and temporary cash investments | $3,705,271 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,177,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,262,190 |
| Inventories for sale or use | $1,025,414 |
| Prepaid expenses and deferred charges | $225,225 |
| Net Land, buildings, and equipment | $6,953,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,129,566 |
| Intangible assets | $0 |
| Other assets | $26,228,299 |
| Total assets | $59,001,971 |
| Accounts payable and accrued expenses | $2,154,272 |
| Grants payable | $0 |
| Deferred revenue | $25,259 |
| Tax-exempt bond liabilities | $2,125,035 |
| Escrow or custodial account liability | $135,881 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,544,323 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,953,586 |
| Total liabilities | $24,938,356 |
| Net assets without donor restrictions | $31,407,160 |
| Net assets with donor restrictions | $2,656,455 |
| 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 | $59,001,971 |
Grants Awarded
Over the last fiscal year, Habitat For Humanity International Inc has awarded $108,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY INTERNATIONAL PURPOSE: ASSISTANCE WITH HOUSING PROGRAMS | $100,000 |
HABITAT FOR HUMANITY OF NC PURPOSE: ASSISTANCE WITH HOUSING PROGRAMS | $8,250 |