Habitat For Humanity International Inc
- Assets
- $3.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Sanford, NC
- Founding
- 01/1987
- Data as of
- 06/2024
- EIN
- 58-1999717
Organization Overview
Habitat For Humanity International Inc is located in Sanford, 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 06/2024, Habitat For Humanity International Inc employed 42 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 06/2024, Habitat For Humanity International Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $725.2k during the year ending 06/2024. While expenses have increased by 15.5% per year over the past 9 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
WE BELIEVE THAT NO MATTER WHO WE ARE OR WHERE WE CAME FROM, WE ALL DESERVE A DECENT PLACE TO LIVE, THAT EVERY CHILD DESERVES A STABLE START IN A SAFE AND SECURE HOME. STRONG AND STABLE HOMES HELP BUILD STRONG AND STABLE COMMUNITIES. HABITAT HOMEOWNERS BUILD THEIR OWN HOMES ALONGSIDE OTHER VOLUNTEERS. BECAUSE OF THIS WE ARE ABLE TO REDUCE THE COST OF BUILDING THE HOME. IN ADDITION, WE PROVIDE AN AFFORDABLE MORTGAGE AT 0% INTEREST FOR HOMEOWNERS TO PURCHASE THE HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILIES IN NEED OF A DECENT PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE HOMEOWNER FAMILY'S NEEDS, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING LOCAL SMALL BUSINESSES AND PROSPECTIVE HOMEOWNERS VOLUNTEER HOURS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING HOUSE SIZES MODEST, USING DONATED AND OR DISCOUNTED MATERIALS AND APPLIANCES, AND ISSUING NON PROFIT LOANS, HABITAT MAKES ITS HOUSES AFFORDABLE FOR LOW-INCOME FAMILIES TO PURCHASE. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITIONS THAT FREE FAMILIES FROM INSTABILITY, STRESS AND FEAR AND ENCOURAGE SELF-RELIANCE AND CONFIDENCE. STUDIES SHOW THAT STRONG AND STABLE HOUSEHOLDS ARE FOUNDATIONAL TO CHILD DEVELOPMENT AND GROWTH. WHEN A HOME FOSTERS - INSTEAD OF HINDERS - HEALTH AND SAFETY, FAMILIES CAN FLOURISH. OWNING AN AFFORDABLE HOME ALSO ALLOWS HOMEOWNERS TO LIFT UP THEIR ENTIRE FAMILY BY SAVING FOR THEIR FUTURES AND INVESTING IN EDUCATIONAL OPPORTUNITIES, BOLSTERING JOB OPPORTUNITIES AND LONG-TERM CAREER GROWTH. DURING FISCAL YEAR 2023 SERVED A FAMILY OF FIVE PEOPLE THROUGH ITS HOMEOWNERSHIP PROGRAM.
RESTORE PROGRAM - THE HABITAT RESTORE SELLS DONATED HOUSEHOLD ITEMS, SALVAGED BUILDING MATERIALS, CLOTHING, AND HOUSEWARES TO THE PUBLIC AT A BELOW MARKET PRICE WITH THE NET PROCEEDS SUPPORTING THE ORGANIZATIONS MISSION TO BUILD AFFORDABLE HOMES. IN ADDITION TO MAKING HOMES MORE LIVABLE AND MAINTENANCE MORE AFFORDABLE FOR THE PUBLIC, THE RESTORE SERVES TO KEEP USABLE MATERIAL OUT OF LOCAL LANDFILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Rau Executive Di | OfficerTrustee | 40 | $80,000 |
Malia Blue President | OfficerTrustee | $0 | |
Chris Hagins Vice Preside | Trustee | $0 | |
Cameron Mcneill Director | Trustee | $0 | |
Rj Peace Secretary | OfficerTrustee | $0 | |
Billy Rodgers Director | Trustee | $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 | $1,312,953 |
| Noncash contributions included in lines 1a–1f | $1,112,016 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,312,953 |
| Total Program Service Revenue | $40,658 |
| Investment income | $53,620 |
| 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 | $16,595 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,504,728 |
| 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 | $80,000 |
| Other salaries and wages | $464,919 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,534 |
| Office expenses | $8,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,028 |
| Travel | $2,789 |
| 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 | $17,136 |
| Depreciation, depletion, and amortization | $37,171 |
| Insurance | $20,694 |
| All other expenses | $17,963 |
| Total functional expenses | $725,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,884 |
| Savings and temporary cash investments | $1,077,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,653 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,126,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $764,917 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,255,411 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,829 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,940 |
| Total liabilities | $38,769 |
| Net assets without donor restrictions | $3,116,974 |
| Net assets with donor restrictions | $99,668 |
| 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 | $3,255,411 |