Habitat For Humanity International Inc
- Assets
- $4.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Rutherfordton, NC
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 56-1581336
Organization Overview
Habitat For Humanity International Inc is located in Rutherfordton, NC. 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, Habitat For Humanity International Inc employed 17 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 06/2022, Habitat For Humanity International Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $1.6m 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
TO ELIMINATE SUBSTANDARD HOUSING AND BUILD SAFE, DECENT, AND AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUTHERFORD COUNTY HABITAT FOR HUMANITY, INC. IS AN ECUMENICAL CHRISTIAN ORGANIZATION WHOSE PURPOSE IS TO CONSTRUCT, RENOVATE OR OTHERWISE MAKE AVAILABLE HOUSING TO PERSONS WHO NEED IT WITHOUT RESTRICTION AS TO RACE, NATIONALITY OR CREED AND TO OFFER SUCH THROUGH AN INTEREST-FREE MORTGAGE TO THE RECIPIENT AND WITHOUT PROFIT TO HABITAT. CONSIDERATION FOR THE HANDICAPPED AND ELDERLY IN SITE SELECTION AND ARCHITECTURAL DESIGN IS INCLUDED IN THIS PURPOSE.
OPERATION OF A RESTORE TO HELP COVER ADMINISTRATIVE COSTS SO THAT ALL DONATIONS TO RCHFH CAN BE USED TO BUILD HOUSES FOR LOW-INCOME FAMILIES.
DISCOUNTS ON MORTGAGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priscilla Downs President | OfficerTrustee | 2 | $0 |
Bob Bourne Vice President | OfficerTrustee | 2 | $0 |
Melissa Thompson Treasurer | OfficerTrustee | 2 | $0 |
Wendy Sanders Secretary | OfficerTrustee | 2 | $0 |
Larry Blanton Board Member | Trustee | 1 | $0 |
Ken Sanford Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,234,472 |
| Noncash contributions included in lines 1a–1f | $36,803 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,234,472 |
| Total Program Service Revenue | $1,221,965 |
| Investment income | $438 |
| 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 | $2,526,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $64,567 |
| Compensation of current officers, directors, key employees. | $64,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,859 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $532 |
| Advertising and promotion | $4,570 |
| Office expenses | $25,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,946 |
| Travel | $4,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,107 |
| Insurance | $52,786 |
| All other expenses | $19,975 |
| Total functional expenses | $1,629,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $896,465 |
| Savings and temporary cash investments | $116,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $889,834 |
| Inventories for sale or use | $4,993 |
| Prepaid expenses and deferred charges | $600 |
| Net Land, buildings, and equipment | $859,859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,208,080 |
| Total assets | $4,047,495 |
| Accounts payable and accrued expenses | $50,371 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,019 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $695,923 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $750,313 |
| Net assets without donor restrictions | $3,269,774 |
| Net assets with donor restrictions | $27,408 |
| 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 | $4,047,495 |