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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Hopkins Executive Dir. | OfficerTrustee | 40 | $131,250 |
Andrew Richert President | OfficerTrustee | 2 | $0 |
Stephanie Houston Vice President | OfficerTrustee | 2 | $0 |
Arica Gonzalez Treasurer | OfficerTrustee | 2 | $0 |
Kenneth Burgess Secretary | OfficerTrustee | 2 | $0 |
Wes Robertson Past President | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Reece Albert Infrastructure | 6/29/16 | $625,420 |
Tec Excavation Inc Infrastructure | 6/29/16 | $332,788 |
R & D Plumbing Construction | 6/29/16 | $117,942 |
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 |
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. | $131,250 |
Compensation of current officers, directors, key employees. | $13,125 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $632,964 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $151,280 |
Payroll taxes | $56,690 |
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 | $274,121 |
Advertising and promotion | $9,451 |
Office expenses | $0 |
Information technology | $5,197 |
Royalties | $0 |
Occupancy | $38,620 |
Travel | $5,290 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,871 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $46,663 |
Insurance | $68,094 |
All other expenses | $114,820 |
Total functional expenses | $3,396,961 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,709,844 |
Savings and temporary cash investments | $1,251,974 |
Pledges and grants receivable | $6,719 |
Accounts receivable, net | $14,140 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,254,883 |
Inventories for sale or use | $16,659 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $556,245 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,249,371 |
Total assets | $10,059,835 |
Accounts payable and accrued expenses | $35,290 |
Grants payable | $0 |
Deferred revenue | $90,390 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $397,689 |
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 | $51,137 |
Total liabilities | $574,506 |
Net assets without donor restrictions | $7,799,615 |
Net assets with donor restrictions | $1,685,714 |
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 | $10,059,835 |