Habitat For Humanity International Inc
- Assets
- $5.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 36
- Location
- Summerville, SC
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 57-0978123
Organization Overview
Habitat For Humanity International Inc is located in Summerville, SC. The organization was established in 1987. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Habitat For Humanity International Inc employed 36 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 $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $3.8m during the year ending 06/2023. While expenses have increased by 23.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DORCHESTER HABITAT FOR HUMANITY, INC.'S ("DHFH") MISSION STATEMENT IS "PUTTING GOD'S LOVE INTO ACTION BY BRINGING PEOPLE TOGETHER BUILDING HOMES AND HOPE." DHFH WAS FOUNDED IN 1993 AND HAS BUILT SEVENTY-FOUR (74) HOMES. DHFH IS AN APPROVED AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL ("HFHI"), BUT IT DOES NOT RECEIVE ANY MONETARY FUNDING FROM HFHI. DHFH BUILDS NEW HOMES IN PARTNERSHIP WITH LOW-WEALTH FAMILIES IN DORCHESTER COUNTY, SOUTH CAROLINA, WHO HAVE A DEMONSTRATED NEED FOR AFFORDABLE AND DECENT HOUSING. HABITAT HOMES ARE BUILT BY DHFH'S CONSTRUCTION CREW AND HUNDREDS OF VOLUNTEERS, INCLUDING FUTURE AND CURRENT HABITAT HOMEOWNERS. DHFH SELLS HABITAT HOMES TO QUALIFIED FUTURE HOMEOWNERS IN ITS HOMEOWNERSHIP PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE PROGRAM - DHFH OPERATES A RESTORE WHICH SELLS DONATED ITEMS TO THE GENERAL PUBLIC TAX-FREE AND AT REDUCED PRICES. PROCEEDS FROM RESTORE SALES ARE USED TO FUND DHFH'S CONSTRUCTION AND HOMEOWNERSHIP PROGRAM. THE RESTORE IS OPEN EACH WEEK MONDAY THROUGH SATURDAY FROM 9 AM - 7 PM FOR SHOPPING AND TO ACCEPT DONATIONS. THE RESTORE ALSO PERFORMS SCHEDULED PICK-UPS FROM HOMES AND BUSINESSES SIX DAYS A WEEK. LOCAL BUSINESSES AND INDIVIDUALS GENEROUSLY DONATE NEW AND GENTLY USED ITEMS TO THE RESTORE. THE RESTORE UTILIZES HUNDREDS OF VOLUNTEERS TO KEEP ADMINISTRATIVE COSTS DOWN.
CONSTRUCTION AND HOMEOWNERSHIP PROGRAM - DHFH PARTNERS WITH LOW-WEALTH FAMILIES IN NEED OF AFFORDABLE AND DECENT HOUSING TO BUILD NEW HOMES THAT ARE SOLD TO THE QUALIFIED FUTURE HOMEOWNERS. DHFH'S HOMEOWNERSHIP PROGRAM REQUIRES THAT FAMILIES: HAVE LIVED AND/OR WORKED IN DORCHESTER COUNTY, SOUTH CAROLINA FOR AT LEAST ONE YEAR; DEMONSTRATE A NEED FOR AFFORDABLE AND DECENT HOUSING; EARN BETWEEN 35%-80% OF THE MEDIAN INCOME FOR DORCHESTER COUNTY, BASED UPON THE SIZE OF THE FAMILY THAT WILL RESIDE IN THE HABITAT HOME; HAVE AND MAINTAIN A HOUSING EXPENSES-TO-INCOME RATIO OF 32% OR LESS; HAVE AND MAINTAIN A DEBT-TO-INCOME RATION AT OR BELOW 40%; HAVE AND MAINTAIN A GOOD CREDIT HISTORY; WORK AT LEAST 425 "SWEAT-EQUITY" HOURS IN PARTNERSHIP WITH DHFH; AND PASS CRIMINAL RECORD AND SEX OFFENDER REGISTRY CHECKS.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Tatum Director | Trustee | 0 | $0 |
Todd Friddle Director | Trustee | 0 | $0 |
Chris Ackerman Director | Trustee | 0 | $0 |
Gil Gatch Director | Trustee | 0 | $0 |
Brooks Hearn Director | Trustee | 0 | $0 |
Mike Montei Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,369,260 |
| Noncash contributions included in lines 1a–1f | $1,202,880 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,401,539 |
| Total Program Service Revenue | $273,563 |
| Investment income | $12,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,610 |
| Net Income from Fundraising Events | $79,234 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,067,194 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,841,967 |
| 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. | $75,712 |
| Compensation of current officers, directors, key employees. | $5,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $856,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,233 |
| Payroll taxes | $96,111 |
| 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 | $146,453 |
| Advertising and promotion | $102,638 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,387 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,335 |
| Interest | $14,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,806 |
| Insurance | $55,152 |
| All other expenses | $78,431 |
| Total functional expenses | $3,773,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,869 |
| Savings and temporary cash investments | $447,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,160 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,587,214 |
| Inventories for sale or use | $179,930 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,479,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,029,387 |
| Total assets | $5,076,850 |
| Accounts payable and accrued expenses | $129,033 |
| 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 | $387,864 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $516,897 |
| Net assets without donor restrictions | $4,513,153 |
| Net assets with donor restrictions | $46,800 |
| 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 | $5,076,850 |