Habitat For Humanity International Inc
- Assets
- $7.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Salisbury, NC
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 56-1687483
Organization Overview
Habitat For Humanity International Inc, operating under the name Co Coleman Emerson, is located in Salisbury, 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 12/2022, Co Coleman Emerson employed 15 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Co Coleman Emerson 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 12/2022, Co Coleman Emerson generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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 IMPROVE THE QUALITY OF LIFE IN ROWAN COUNTY BY HAVING PEOPLE FROM ALL WORKS OF LIFE WORK TOGETHER IN EQUAL PARTNERSHIP TO ELIMINATE POVERTY HOUSING. WE ARE FOUNDED ON THE CONVICTION THAT EVERY MAN, WOMAN, AND CHILD SHOULD HAVE A SIMPLE, DECENT, AFFORDABLE PLACE TO LIVE IN DIGNITY AND SAFETY. OUR MISSION IS TO BUILD NEW RELATIONSHIPS AND A SENSE OF COMMUNITY AS WELL AS NEW HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION WAS COMPLETED ON 4 HOMES THAT WERE TRANSFERRED TO LOW INCOME FAMILIES. AT YEAR END CONSTRUCTION WAS IN PROGRESS FOR 3 ADDITIONAL HOMES. MAINTAINED INTEREST FREE MORTGAGES FOR OVER 82 FAMILIES AND PROVIDED HOMEOWNER SERVICES TO LOW INCOME FAMILIES.
OPERATED RESTORE WHICH RECEIVED DONATED MERCHANDISE FROM BUSINESSES AND INDIVIDUALS INTERESTED IN SUPPORTING HABITAT'S MISSION. THE MERCHANDISE WAS SOLD TO THE GENERAL PUBLIC AT BELOW MARKET PRICES. THE NET PROCEEDS AFTER COVERING THE RESTORE EXPENSES WAS USED TO FURTHER THE ORGANIZATIONS MISSION OF BUILDING AFFORDABLE HOUSING BY SUBSIDIZING CONSTRUCTION COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Wetmore President | OfficerTrustee | 0 | $0 |
Pete Teague Past Preside | OfficerTrustee | 0 | $0 |
Tom Bost Vp-Construct | OfficerTrustee | 0 | $0 |
Carrie Hanneman Secretary | OfficerTrustee | 0 | $0 |
Kathy Allen Director | Trustee | 0 | $0 |
Billy Bullard Director | Trustee | 0 | $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 | $74,182 |
| Noncash contributions included in lines 1a–1f | $37,383 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,182 |
| Total Program Service Revenue | $2,244,624 |
| Investment income | $1,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,251 |
| 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 | $2,325,536 |
| 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. | $98,550 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $491,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,226 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,635 |
| Insurance | $54,182 |
| All other expenses | $35,571 |
| Total functional expenses | $1,669,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,957,826 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,778 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,753,080 |
| Inventories for sale or use | $330,975 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,819,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,082,213 |
| Total assets | $6,968,443 |
| Accounts payable and accrued expenses | $83,281 |
| 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 | $925,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,008,917 |
| Net assets without donor restrictions | $5,959,526 |
| Net assets with donor restrictions | $0 |
| 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 | $6,968,443 |