Habitat For Humanity International Inc
- Assets
- $9.2m
- Revenue
- $928.3k
- Investments
- $0.0
- Employees
- 22
- Location
- Gastonia, NC
- Founding
- 01/1987
- Data as of
- 06/2023
- 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 06/2023, Habitat For Humanity International Inc employed 22 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 06/2023, Habitat For Humanity International Inc generated $928.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $757.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. 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
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:
Part 3 - Line 4a
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 GASTON PARTNERS WITH FAMILIES IN THE LOW-INCOME RANGE OF 30- 60% OF AREA MEDIAN INCOME TO MAKE THE DREAM OF HOMEOWNERSHIP A REALITY. WE BREAK DOWN THE BARRIERS TO OBTAINING A MORTGAGE SUCH AS POOR CREDIT, LACK OF A DOWN PAYMENT AND CONSUMER DEBT THAT PREVENT LOW-INCOME FAMILIES FROM OBTAINING CREDIT. THROUGH THIS PARTNERSHIP, FAMILIES PURCHASE A HOME THEY CAN AFFORD ON THE WAGES THEY MAKE. HOMEOWNERSHIP ENABLES FAMILIES TO THRIVE, BUILD A FINANCIAL ASSET AND ESCAPE GENERATIONAL POVERTY.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 | $102,419 |
Scott Scarborough Secretary | OfficerTrustee | 1 | $0 |
Patrick Mumford President | OfficerTrustee | 3 | $0 |
Stephen Whitesell Past President | OfficerTrustee | 1 | $0 |
Chris Putnam Vice President | OfficerTrustee | 1 | $0 |
Charles Gallman Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Construction And Restoration Inc Construction | 6/29/23 | $1,306,101 |
Site Works Llc Onsite Land Evaluation-su | 6/29/23 | $337,317 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,625 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $668,806 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $697,431 |
| Total Program Service Revenue | $89,996 |
| Investment income | $11,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $126,069 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $928,309 |
| 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. | $109,108 |
| Compensation of current officers, directors, key employees. | $21,821 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,057 |
| Payroll taxes | $27,314 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $19,388 |
| Royalties | $0 |
| Occupancy | $43,661 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,146 |
| Insurance | $28,374 |
| All other expenses | $5,532 |
| Total functional expenses | $757,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $587,390 |
| Pledges and grants receivable | $57,625 |
| Accounts receivable, net | $47,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,433,885 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,999 |
| Net Land, buildings, and equipment | $1,562,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,475,227 |
| Total assets | $9,182,989 |
| Accounts payable and accrued expenses | $515,856 |
| Grants payable | $0 |
| Deferred revenue | $18,370 |
| 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 | $3,081,251 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,516 |
| Total liabilities | $3,695,993 |
| Net assets without donor restrictions | $5,481,814 |
| Net assets with donor restrictions | $5,182 |
| 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 | $9,182,989 |