Habitat For Humanity International Inc
- Assets
- $5.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Gastonia, NC
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 56-1634454
Organization Overview
Habitat For Humanity International Inc is located in Gastonia, 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 06/2021, Habitat For Humanity International Inc employed 26 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 06/2021, Habitat For Humanity International Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD DECENT AFFORDABLE HOUSING IN PARTNERSHIP WITH FAMILIES IN NEED AND OUR COMMUNITIES. TO MAKE ADEQUATE HOUSING A MATTER OF CONSCIENCE AND ACTION FOR EVERYONE.
Describe the Organization's Program Activity:
FOUNDED IN 1988, HABITAT FOR HUMANITY OF GASTON COUNTY (HABITAT GASTON) IS A 501 (C) (3) NONPROFIT AND AN AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL, A WIDELY RESPECTED GLOBAL BRAND. HABITAT FOR HUMANITY OF GASTON COUNTY BUILDS SIMPLE, DECENT HOUSING WITH HELP FROM VOLUNTEER LABOR, THE SWEAT EQUITY OF OUR PARTNER FAMILIES, AND COMMUNITY INVESTMENT OF MONEY AND MATERIALS. PARTNER FAMILIES PURCHASE THEIR HOMES WITH AN AFFORDABLE MORTGAGE. PARTNER FAMILIES ACCOMPLISH PROGRAM REQUIREMENTS OF FINANCIAL EDUCATION, SWEAT EQUITY, AND BUILDING ON THEIR HOUSE AND THE HOUSES OF OTHER PARTNER FAMILIES. HABITAT GASTON PARTNERS WITH FAMILIES IN THE INCOME RANGE OF 30% TO 60% OF AREA MEDIAN INCOME AS DETERMINED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.THE RESTORE PROGRAM PROVIDES OPPORTUNITIES FOR FUTURE HOMEOWNERS TO ACCOMPLISH REQUIRED SWEAT EQUITY HOURS. BY ACCEPTING OVER 3,500 DONATIONS OF GENTLY USED GOODS, WE DIVERTED OVER 367,430 LBS. OF MATERIALS FROM LANDFILLS. CUSTOMERS PURCHASED ECONOMICAL GOODS AND MATERIALS THAT HELPED US ACCOMPLISH OUR MISSION TO BUILD SIMPLE, DECENT HOMES FOR PARTNER FAMILIES.HABITAT FOR HUMANITY OF GASTON COUNTYS HOME REPAIR PROGRAM PROVIDES HOME REPAIR SERVICES TO EXISTING HOMEOWNERS IN THE 30-60% OF AMI IN ORDER TO CREATE A SAFE, DECENT HOME ENVIRONMENT FOR LOW INCOME HOMEOWNERS. THIS ALLOWS FAMILIES TO MAINTAIN THEIR HOMEOWNERSHIP AND CONTRIBUTES TO STABLE COMMUNITIES, LEADING TO A STRONGER GASTON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Peninger Executive Dir. | Officer | 55 | $79,649 |
Les Davis Secretary | OfficerTrustee | 1 | $0 |
Steve Whitesell President | OfficerTrustee | 1 | $0 |
Charles Gallman Treasurer | OfficerTrustee | 1 | $0 |
Chris Putnam Vice President | OfficerTrustee | 1 | $0 |
Michael Radford Director | 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 | $689,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,854 |
| Total Program Service Revenue | $707,179 |
| Investment income | $9,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $285,079 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,717,253 |
| 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. | $79,649 |
| Compensation of current officers, directors, key employees. | $15,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,192 |
| Payroll taxes | $32,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,293 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $15,034 |
| Royalties | $0 |
| Occupancy | $53,712 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,627 |
| Insurance | $18,855 |
| All other expenses | $12,705 |
| Total functional expenses | $1,164,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,007,767 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,691,778 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,066 |
| Net Land, buildings, and equipment | $1,659,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,422,154 |
| Total assets | $5,857,310 |
| Accounts payable and accrued expenses | $60,781 |
| 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 | $1,312,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,160 |
| Total liabilities | $1,457,649 |
| Net assets without donor restrictions | $4,347,938 |
| Net assets with donor restrictions | $51,723 |
| 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 | $5,857,310 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Habitat For Humanity International Inc has recieved totaling $448,691.
| Awarding Organization | Amount |
|---|---|
Gaston Community Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $408,488 |
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $24,600 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $10,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $5,603 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Newport News, VA | $9,861,358 | $8,052,076 |
American Opportunity Foundation Atlanta, GA | $34,585,201 | $5,667,158 |
Recovery Place Community Services Inc Savannah, GA | $2,985,458 | $7,587,530 |