Cape Fear Habitat For Humanity Inc
- Assets
- $22.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 103
- Location
- Wilmington, NC
- Founding
- 01/1987
- Data as of
- 06/2024
- EIN
- 56-1555858
Organization Overview
Cape Fear Habitat For Humanity Inc is located in Wilmington, 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, Cape Fear Habitat For Humanity Inc employed 103 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cape Fear 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 06/2024, Cape Fear Habitat For Humanity Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $6.4m during the year ending 06/2024. While expenses have increased by 9.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEEKING TO PUT GOD'S LOVE INTO ACTION, CAPE FEAR HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.
Describe the Organization's Program Activity:
FOUNDED IN 1987 AS AN INDEPENDENT AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL, CAPE FEAR HABITAT HAS SERVED MORE THAN 440 FAMILIES THROUGH THE CONSTRUCTION AND REHABILITATION OF HOMES THROUGHOUT NEW HANOVER, PENDER, AND DUPLIN COUNTIES. EACH YEAR THOUSANDS OF COMMUNITY MEMBERS COME TOGETHER AS VOLUNTEERS, DONORS, AND FUTURE HOMEOWNERS TO BECOME PART OF THE SOLUTION TO THIS REGION'S AFFORDABLE HOUSING CRISIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bertucelli President | OfficerTrustee | 4 | $0 |
Timothy J Marcis Vice President | OfficerTrustee | 4 | $0 |
John Frye Treasurer | OfficerTrustee | 2 | $0 |
Jessica Soles Humphries Secretary | OfficerTrustee | 3 | $0 |
Gwen Flowers Board Member | Trustee | 1 | $0 |
Owen Metts Sr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,524,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,296,673 |
| Noncash contributions included in lines 1a–1f | $869,212 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,821,240 |
| Total Program Service Revenue | $3,006,297 |
| Investment income | $45,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,770 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$58,256 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,836,565 |
| 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. | $123,556 |
| Compensation of current officers, directors, key employees. | $45,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,389,069 |
| Pension plan accruals and contributions | $24,798 |
| Other employee benefits | $197,949 |
| Payroll taxes | $108,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,692 |
| Advertising and promotion | $29,978 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,840 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,085 |
| Payments to affiliates | $55,363 |
| Depreciation, depletion, and amortization | $46,757 |
| Insurance | $49,905 |
| All other expenses | $39,616 |
| Total functional expenses | $6,356,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,641,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $174,135 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,406,575 |
| Inventories for sale or use | $466,810 |
| Prepaid expenses and deferred charges | $276,243 |
| Net Land, buildings, and equipment | $2,871,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,011,070 |
| Intangible assets | $0 |
| Other assets | $2,835,740 |
| Total assets | $22,683,616 |
| Accounts payable and accrued expenses | $522,212 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $58,895 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,714,632 |
| Unsecured mortgages and notes payable | $135,812 |
| Other liabilities | $2,859,487 |
| Total liabilities | $9,291,038 |
| Net assets without donor restrictions | $13,215,620 |
| Net assets with donor restrictions | $176,958 |
| 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 | $22,683,616 |
Grants Awarded
Over the last fiscal year, Cape Fear Habitat For Humanity Inc has awarded $70,943 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HFH INTL - FROM RESTORE PURPOSE: INTERNATIONAL SUPPORT | $15,580 |
HFH INTL - FROM FUNDRAISING PURPOSE: INTERNATIONAL SUPPORT | $55,363 |