Habitat For Humanity Of Catawba Valley Inc
- Assets
- $5.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Hickory, NC
- Founding
- 02/1986
- Data as of
- 06/2024
- EIN
- 58-1652358
Organization Overview
Habitat For Humanity Of Catawba Valley Inc is located in Hickory, NC. The organization was established in 1986. 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 06/2024, Habitat For Humanity Of Catawba Valley Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Humanity Of Catawba Valley 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 06/2024, Habitat For Humanity Of Catawba Valley Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $4.5m during the year ending 06/2024. While expenses have increased by 20.7% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP ECONOMICALLY DISAVANTAGED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE BUILDING PROGRAM IS TO PROVIDE ECONOMICALLY DISADVANTAGED RESIDENTS OF CATAWBA COUNTY WITH DECENT AND AFFORDABLE HOUSING. EACH YEAR, MULTIPLE FAMILIES MOVE INTO THEIR NEW HABITAT HOMES. BEFORE RECEIVING THE KEYS TO THEIR NEW HOME, EACH HOMEOWNER VOLUNTEERS 250 HOURS WITH HABITAT BY WORKING ON BOTH THE CONSTRUCTION SITE AND IN THE RESTORE.WE ALSO OFFER FINANCIAL LITERACY, HOMEOWNERSHIP, AND ESTATE PLANNING CLASSES TO EQUIP FAMILIES WITH ESSENTIAL SKILLS. FOR THOSE NOT ACCEPTED INTO THE PROGRAM, WE PROVIDE RESOURCES TO IMPROVE THEIR LIVING SITUATIONS. OUR HOME REPAIR PROGRAM SERVICES FAMILIES EACH YEAR, COMPLETING CRITICAL REPAIRS TO ENSURE HOMES REMAIN SAFE, DRY, AND WARM. THROUGH THESE INITIATIVES, WE EMPOWER FAMILIES, ENHANCE THE QUALITY OF LIFE, AND STRENGTHEN OUR COMMUNITY.
RESTORE CATAWBA VALLEY PLAYS A VITAL ROLE IN SUPPORTING HABITAT FOR HUMANITY'S BUILDING PROGRAM IN CATAWBA COUNTY, HELPING TO ENSURE THAT MORE FAMILIES HAVE A DECENT AND AFFORDABLE PLACE TO CALL HOME. AS A NONPROFIT RETAIL STORE AND DONATION CENTER, RESTORE CATAWBA VALLEY SELLS NEW AND GENTLY USED FURNITURE, HOME ACCESSORIES, APPLIANCES, AND MORE AT A FRACTION OF RETAIL PRICES. A SIGNIFICANT PORTION OF OUR INVENTORY CONSISTS OF NEW FURNITURE DONATED BY LOCAL MANUFACTURERS AND RETAILERS, ALLOWING US TO OFFER QUALITY PRODUCTS TO THE COMMUNITY. ALL PROCEEDS FROM RESTORE DIRECTLY BENEFIT HABITAT FOR HUMANITY OF CATAWBA VALLEY, PROVIDING ESSENTIAL FUNDING FOR OUR CONSTRUCTION PROJECTS AND HOUSING INITIATIVES. THROUGH THIS MODEL, WE NOT ONLY PROMOTE SUSTAINABILITY AND COMMUNITY SUPPORT BUT ALSO MAKE STRIDES TOWARD FULFILLING OUR MISSION OF PROVIDING AFFORDABLE HOUSING TO FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Greveling Vice President | OfficerTrustee | 0.5 | $0 |
Tara Bland President | OfficerTrustee | 0.5 | $0 |
Jim Meade Treasurer | OfficerTrustee | 0.5 | $0 |
Rodney Garren Board Of Directors | Trustee | 0.5 | $0 |
Jim Benton Board Of Directors | Trustee | 0.5 | $0 |
David Parsons Board Of Directors | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $975,096 |
| Noncash contributions included in lines 1a–1f | $85,086 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,039,096 |
| Total Program Service Revenue | $2,440,459 |
| Investment income | $22,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,578,507 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,748,324 |
| Pension plan accruals and contributions | $34,597 |
| Other employee benefits | $246,899 |
| Payroll taxes | $136,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,187 |
| Advertising and promotion | $57,213 |
| Office expenses | $98,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,787 |
| Travel | $39,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,869 |
| Interest | $101,784 |
| Payments to affiliates | $21,844 |
| Depreciation, depletion, and amortization | $77,568 |
| Insurance | $46,322 |
| All other expenses | $0 |
| Total functional expenses | $4,475,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,160 |
| Savings and temporary cash investments | $192,637 |
| Pledges and grants receivable | $299,298 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $520,238 |
| Inventories for sale or use | $1,564,752 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,081,829 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,812 |
| Total assets | $5,459,726 |
| Accounts payable and accrued expenses | $144,095 |
| 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 | $2,620,376 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,764,471 |
| Net assets without donor restrictions | $2,685,262 |
| Net assets with donor restrictions | $9,993 |
| 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 | $5,459,726 |