Habitat For Humanity International Inc
- Assets
- $1.9m
- Revenue
- $646.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Albemarle, NC
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 56-1588971
Organization Overview
Habitat For Humanity International Inc is located in Albemarle, 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 11 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 $646.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $622.2k during the year ending 06/2022. While expenses have increased by 21.4% per year over the past 5 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
PROVIDE LOW-COST HOUSING TO QUALIFYING FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF RESIDENTIAL HOUSING FOR LOW-INCOME FAMILIES ALONG WITH ZERO INTEREST MORTGAGE LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Sweet President | OfficerTrustee | 1 | $0 |
Steve Cumming Vice President | OfficerTrustee | 1 | $0 |
Anita Owens-Scott Secretary | OfficerTrustee | 1 | $0 |
Steve Lowder Treasurer | OfficerTrustee | 1 | $0 |
Jimmy Blake Director | Trustee | 1 | $0 |
Teresa Crump Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,820 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,664 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $363,923 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,994 |
| Statement of Expenses | |
|---|---|
| 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. | $50,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,813 |
| Payroll taxes | $19,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,500 |
| Advertising and promotion | $570 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,611 |
| Insurance | $25,910 |
| All other expenses | $0 |
| Total functional expenses | $622,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,918 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,300 |
| Prepaid expenses and deferred charges | $6,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $825,064 |
| Total assets | $1,874,994 |
| Accounts payable and accrued expenses | $17,159 |
| 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 | $571,172 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $588,331 |
| Net assets without donor restrictions | $1,209,465 |
| Net assets with donor restrictions | $77,198 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,286,663 |