Habitat For Humanity Of Greater Greensboro Inc
- Assets
- $10.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Greensboro, NC
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 56-1586870
Organization Overview
Habitat For Humanity Of Greater Greensboro Inc is located in Greensboro, 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 06/2023, Habitat For Humanity Of Greater Greensboro Inc employed 43 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habitat For Humanity Of Greater Greensboro 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 Of Greater Greensboro Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. 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
PROVIDE EQUITABLE ACCESS TO HOMEOWNERSHIP OPPORTUNITIES FOR HOUSEHOLDS EARNING BETWEEN 30-80% OF THE AREA MEDIAN INCOME. BY PROVIDING INCREASED HOMEOWNERSHIP ACCESS, HABITAT GREENSBORO ASSISTS IN BUILDING AND STRENGTHENING OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION SERVICES: IN FISCAL YEAR 2023, IN PARTNERSHIP WITH CORPORATIONS, FOUNDATIONS, FAITH ORGANIZATIONS, CIVIC ORGANIZATIONS, AND INDIVIDUALS, HABITAT GREENSBORO SOLD FOUR HOMES TO LOW-INCOME FAMILIES UTILIZING AFFORDABLE MORTGAGES WITH PAYMENTS TOTALING 30% OR LESS OF THEIR INCOMES. SINCE FAMILIES PAY THE FULL COST FOR HABITAT HOMES AND ALL FUTURE MAINTENANCE, HABITAT GREENSBORO IS COMMITTED TO BUILDING AFFORDABLE, HIGH-QUALITY, ENERGY-EFFICIENT, AND SUSTAINABLE HOUSES THAT FAMILIES ARE PROUD TO CALL HOME. HABITAT GREENSBORO'S NEW HOMES MEET ENERGY STAR GUIDELINES ESTABLISHED BY THE U.S. ENVIRONMENTAL PROTECTION AGENCY AND THE NATIONAL GREEN BUILD STANDARD ENDORSED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS.
VOLUNTEER SERVICES: THIS PROGRAM RECRUITS AND TRAINS VOLUNTEERS TO ASSIST IN THE CONSTRUCTION OF HOMES, ADMINISTRATIVE ACTIVITIES IN OUR OFFICE, RETAIL TASKS IN THE RESTORE, LUNCH MINISTRY, AND INTERNATIONAL MISSION TRIPS.
RESTORE SERVICES: HABITAT GREENSBORO'S RESTORE EXISTS TO PROVIDE REVENUE TO SUPPORT OUR AFFORDABLE HOMEOWNERSHIP MISSION AND TO PROVIDE HOME FURNISHINGS, APPLIANCES, BUILDING MATERIALS, AND OTHER ITEMS TO OUR HOMEOWNERS AND THE PUBLIC AT A SIGNIFICANTLY REDUCED COST. BUSINESSES AND INDIVIDUALS DONATE NEW AND USED ITEMS TO THE STORE. THE RESTORE PROGRAM ALSO OFFERS DECONSTRUCTION SERVICES TO THE PUBLIC, WITH ANY CONSTRUCTION MATERIALS SALVAGED FROM THE PROJECT BEING SOLD AT THE RESTORE. HOMEOWNERS AND OTHERS VOLUNTEER IN THE STORE, KEEPING THE OPERATING EXPENSES AS LOW AS POSSIBLE.
HOMEOWNER SERVICES: HABITAT GREENSBORO'S HOMEOWNER SERVICES PROGRAM RECRUITS, SELECTS, AND TRAINS POTENTIAL HOMEOWNERS AND PROVIDES LOW-INCOME FAMILIES ACCESS TO AFFORDABLE MORTGAGE FINANCING. HABITAT GREENSBORO HOMEOWNERS-IN-PROCESS COMMIT TO 250 HOURS OF SWEAT EQUITY, INCLUDING ~30 CLASSROOM HOURS ON HOME MAINTENANCE, FINANCE, BUDGETING, ETC. HABITAT GREENSBORO OFFERS OVER 12 CLASSES EACH YEAR AND EDUCATES 50-70 PEOPLE. REFRESHER CLASSES ARE OFFERED TO ANY EXISTING HOMEOWNER IN THE COMMUNITY, FOCUSING ON HOME REPAIR, FINANCIAL WELL-BEING, NUTRITION, AND OTHER CLASSES DESIGNED TO SUPPORT HOMEOWNER SUCCESS. ADDITIONALLY, AT LEAST 24 HOMEOWNERSHIP ACCESS INFORMATIONAL SESSIONS ARE HELD, PROVIDING INFORMATION TO 200-400 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Brown Chair | OfficerTrustee | 1 | $0 |
Dede Potter Vice Chair | OfficerTrustee | 1 | $0 |
Kelly Smith Treasurer | OfficerTrustee | 1 | $0 |
Tamara Moore Secretary | OfficerTrustee | 1 | $0 |
Siddiga Ahmed Director | Trustee | 1 | $0 |
George Bachmann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,364,081 |
| Noncash contributions included in lines 1a–1f | $12,804 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,564,831 |
| Total Program Service Revenue | $1,112,485 |
| Investment income | $20,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$98,712 |
| Net Income from Fundraising Events | $119,974 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $929,051 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,691,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,323 |
| 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. | $366,991 |
| Compensation of current officers, directors, key employees. | $102,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,054,891 |
| Pension plan accruals and contributions | $12,634 |
| Other employee benefits | $162,054 |
| Payroll taxes | $105,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $315,391 |
| Advertising and promotion | $63,833 |
| Office expenses | $27,306 |
| Information technology | $141,966 |
| Royalties | $0 |
| Occupancy | $245,971 |
| Travel | $8,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,096 |
| Interest | $23,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,253 |
| Insurance | $37,791 |
| All other expenses | $103,345 |
| Total functional expenses | $3,263,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,126,527 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $273,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $140,111 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,513,150 |
| Investments—publicly traded securities | $193,686 |
| Investments—other securities | $0 |
| Investments—program-related | $4,534,709 |
| Intangible assets | $0 |
| Other assets | $2,872,478 |
| Total assets | $10,656,647 |
| Accounts payable and accrued expenses | $212,723 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $60,619 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $734,158 |
| Unsecured mortgages and notes payable | $27,045 |
| Other liabilities | $516,264 |
| Total liabilities | $1,550,809 |
| Net assets without donor restrictions | $8,153,281 |
| Net assets with donor restrictions | $952,557 |
| 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 | $10,656,647 |