Habitat For Humanity International Inc

Organization Overview

Habitat For Humanity International Inc is located in Midland, TX. 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 16 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 $3.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.4m during the year ending 06/2024. While expenses have increased by 7.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

CHANGING LIVES THROUGH AFFORDABLE HOME OWNERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOR THE YEAR ENDED JUNE 30, 2024, MIDLAND HABITAT FOR HUMANITY OPERATED THE FOLLOWING PROGRAMS:(I) AFFORDABLE HOMES PROGRAM:LAND DEVELOPMENT: AS A HOMEBUILDER, HABITAT WILL ALWAYS NEED LAND AND LOTS TO CONSTRUCT HOMES, TYPICALLY AT THE RATE HABITAT IS BUILDING AND SELLING HOUSES EACH YEAR. IN ORDER TO ENSURE BUILDABLE LOTS IN PERPETUITY, HABITAT ACTIVELY SEEKS DONATIONS OF LAND/LOTS AND PURCHASES LAND/LOTS WHEN DONATIONS ARE NOT POSSIBLE. AFTER ACQUIRING THE LAND, HABITAT HIRES AND WORKS WITH CONTRACTORS TO DO ALL THE WORK NEEDED TO TRANSFORM AN UNDEVELOPED TRACT OF LAND INTO A SUBDIVISION WITH ROADS AND UTILITIES READY TO BUILD HOUSES ON. THIS WORK REQUIRES EXTENSIVE TIME AND CAPITAL TO ENSURE THAT HABITAT HAS THE LAND/LOTS NEEDED TO CONTINUE ITS PROGRAM.BUILDER: HABITAT IS A CONSTRUCTION COMPANY AT ITS CORE AND HABITAT HAS TWO DIFFERENT HOUSING MODELS THAT HABITAT CONSTRUCTS HOMES FOR.TRADITIONAL H1 HOMES: THIS IS OUR TRADITIONAL HABITAT MODEL WHERE HOMES ARE BUILT AND SOLD TO PEOPLE MAKING 30-60% OF THE AREA'S MEDIAN INCOME. PEOPLE QUALIFYING FOR THIS MODEL MUST MEET INCOME GUIDELINES, CREDIT SCORE MINIMUM, COMPLETE SWEAT EQUITY HOURS HELPING BUILD HOMES, AND COMPLETE A HOLISTIC HOMEBUYERS COLLEGE COURSE GIVING THEM THE TOOLS THEY NEED TO THRIVE ONCE THEY PURCHASE THEIR HOME. THIS MODEL USES VOLUNTEERS TO HELP BUILD HOMES AND THEY ARE SOLD AT COST WITH A 0% INTEREST MORTGAGE.H2 HOMES: THIS IS A SUPPORTING PROGRAM THAT BUILDS AND SELLS HOMES TARGETING PEOPLE MAKING 60-80% OF THE AREA'S MEDIAN INCOME. THESE HOMES ARE NOT BUILT WITH HOMEOWNER SWEAT EQUITY, DONATED MATERIALS, OR VOLUNTEER CONSTRUCTION HELP. ONCE COMPLETED, THESE HOMES ARE SOLD ON THE OPEN MARKET WITHOUT THE REQUIREMENTS OF THE TRADITIONAL H1 MODEL. THIS PROGRAM SERVES THREE PURPOSES 1) PROVIDES ADDITIONAL HOUSING IN A PRICE POINT FOR-PROFIT BUILDERS CANNOT AFFORD TO BUILD IN, 2) HELPS LOW-INCOME FAMILIES WHO DONT QUALIFY FOR OUR TRADITIONAL PROGRAM A HOMEOWNERSHIP OPTION 3) PROVIDES PROGRAM REVENUE USED FOR LAND ACQUISITION, AND DEVELOPMENT IN AN EVER-INCREASING MARKET.MORTGAGE COMPANY: HABITAT SELLS H1 HOMES AT NO PROFIT WITH A 0% INTEREST LOAN, BECAUSE THAT IS NOT A FINANCIALLY VIABLE OPTION FOR BANKS HABITAT HAS TO ISSUE AND SERVICE ITS OWN MORTGAGES TO MAKE THAT A POSSIBILITY. THIS PROGRAM ALLOWS HABITAT TO MANUALLY UNDERWRITE ITS LOAN TO TAILOR REQUIREMENTS TO HABITATS LOW-INCOME POPULATION WHICH IS ALMOST ALWAYS A FIRST-TIME HOMEBUYER. THE INCOME FROM THE MORTGAGES ISSUED GOES TO SUPPORT THE OVERHEAD OF THE ORGANIZATION ALLOWING IT TO SELL HOMES AT COST, WITHOUT THE NEED FOR A PROFIT.(II) RESTORE: HABITAT OPERATES RESTORE WHICH IS A NON-PROFIT RETAIL OUTLET SPECIALIZING IN THE RESALE OF QUALITY NEW AND PREVIOUSLY OWNED BUILDING MATERIALS, HOME FURNISHINGS, AND APPLIANCES AT 50-75% OFF RETAIL PRICES. THE INCOME FROM THE RESTORE GOES TO SUPPORT THE OVERHEAD OF THE ORGANIZATION ALLOWING IT TO SELL HOMES AT COST, WITHOUT THE NEED FOR A PROFIT.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Joseph Hopkins
Executive Dir.
$131,250
Andrew Richert
President
$0
Stephanie Houston
Vice President
$0
Arica Gonzalez
Treasurer
$0
Kenneth Burgess
Secretary
$0
Wes Robertson
Past President
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Reece Albert
Infrastructure
$625,420
Tec Excavation Inc
Infrastructure
$332,788
R & D Plumbing
Construction
$117,942
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $134,706
All other contributions, gifts, grants, and similar amounts not included above$1,806,670
Noncash contributions included in lines 1a–1f $10,000
Total Revenue from Contributions, Gifts, Grants & Similar$1,941,376
Total Program Service Revenue$1,911,277
Investment income $28,585
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 $3,889,006

Peer Organizations

Organization NameAssets
Tarrant County Samaritan Housing Inc
Fort Worth, TX
$19,250,714
Habitat For Humanity Of San Antonio Inc
San Antonio, TX
$21,932,993
Houston Habitat For Humanity Inc
Houston, TX
$15,429,240
Fort Worth Area Habitat For Humanity Inc
Fort Worth, TX
$19,931,450
Provident Commonwealth Education Resources
Baton Rouge, LA
$12,563,325
Provident Commonwealth Education Resources Ii
Baton Rouge, LA
$9,957,848
Housing And Community Services Inc
San Antonio, TX
$24,994,881
Avenue Community Development Coporation
Houston, TX
$11,542,239
Habitat For Humanity International Inc
Tulsa, OK
$19,908,085
Front Steps Inc
Austin, TX
$9,800,885
Affordable Homes Of South Texas Inc
McAllen, TX
$9,808,440
Mccalls Community Homes Inc
Ada, OK
$9,810,630
New Orleans Area Habitat For Humanity Inc
New Orleans, LA
$7,307,377
Operation Finally Home
New Braunfels, TX
$7,323,776
Volunteers Of Victoria Inc
Victoria, TX
$6,672,525
Crossroads Lousiana Inc
New Orleans, LA
$7,271,264
Casas Por Cristo
El Paso, TX
$7,046,735
Brownsville Housing Opportunity Corporation
Brownsville, TX
$7,777,710
American Heritage Apartments Inc
Texarkana, TX
$4,069,211
Hope Housing Foundation
Mckinney, TX
$2,782,264
Housing Channel
Fort Worth, TX
$6,740,316
Habitat For Humanity International Inc
Baton Rouge, LA
$4,948,372
Vintage Housing Inc
Tulsa, OK
$6,601,920
New Hope Housing Inc
Houston, TX
$4,747,272
Habitat For Humanity International Inc
Lafayette, LA
$5,585,790

Create an account to unlock the data you need.

or