Houston Habitat For Humanity Inc
- Assets
- $52.3m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 86
- Location
- Houston, TX
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 76-0207084
Organization Overview
Houston Habitat For Humanity Inc is located in Houston, 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 12/2023, Houston Habitat For Humanity Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Habitat For Humanity 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 12/2023, Houston Habitat For Humanity Inc generated $15.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $17.5m during the year ending 12/2023. While expenses have increased by 8.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOUSTON HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.
Describe the Organization's Program Activity:
HOUSTON HABITAT BUILDS HOMES IN THE HOUSTON METROPOLITAN AREA UTILIZING VOLUNTEER LABOR, DONATED MATERIALS AND CONTRIBUTED FUNDS. THE HOMES ARE THEN SOLD TO PRE-QUALIFIED, VERY LOW-INCOME, LOW-INCOME OR MODERATE-INCOME PERSONS. HOMEBUYERS ARE SELECTED BASED ON NEED, ABILITY TO REPAY THE HOUSTON HABITAT MORTGAGE, AND WILLINGNESS TO PARTNER. DURING 2023, HOUSTON HABITAT BUILT 23 NEW HOMES AND SOLD 26 HOMES TO LOW-INCOME PERSONS THUS PROVIDING A DECENT HOME FOR ECONOMICALLY DISADVANTAGED INDIVIDUALS.
HOUSTON HABITAT REPAIRS HOMES DAMAGED BY DISASTERS SUCH AS HURRICANE HARVEY FOR LOW-INCOME HOMEOWNERS THROUGH OUR DISASTER HOME REPAIR PROGRAM. HOUSTON HABITAT HELPS BY PROVIDING THE REPAIRS NECESSARY TO MAKE HOMES SAFE, SANITARY AND SECURE. THE DISASTER HOME REPAIR PROGRAM IS ACCOMPLISHED THROUGH PARTNERSHIPS WITH VARIOUS AGENCIES, CORPORATIONS, FOUNDATIONS AND INDIVIDUALS.
LONG-TERM MORTGAGE FINANCING IS A KEY COMPONENT OF MAKING HOUSTON HABITAT HOMES AFFORDABLE. AFFORDABLE LOW INTEREST MORTGAGES ARE PROVIDED TO QUALIFIED PERSONS AS PAYMENT FOR THE HOMES SOLD. DURING 2023, 19 HOMES WERE SOLD AND FINANCED BY HOUSTON HABITAT.
HOUSTON HABITAT ALSO OPERATES 2 RESTORES, HOME IMPROVEMENT OUTLETS THAT ARE OPEN TO THE PUBLIC. THE RESTORES ACCEPT DONATIONS FROM INDIVIDUALS, CORPORATIONS AND RETAIL STORES IN THE AREA AND PURCHASE SOME MATERIAL FOR RESALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Herman Chair | OfficerTrustee | 4 | $0 |
Leslie Hector Secretary | OfficerTrustee | 4 | $0 |
Heather Crowder Treasurer | OfficerTrustee | 4 | $0 |
Christie Obiaya Director | Trustee | 4 | $0 |
Crystal Allen Director | Trustee | 4 | $0 |
Nicholas Bruce Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Your Part-time Controller Llc Accounting Services | 12/30/23 | $448,835 |
Pedro Cervantes Construction Services | 12/30/23 | $446,894 |
Elevation Land Solutions Llc Real Estate Development | 12/30/23 | $363,114 |
Reese Electrical Services Llc Electrical Services | 12/30/23 | $349,929 |
Hughes Watters & Askanase Llp Legal Services | 12/30/23 | $336,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,553 |
| Related organizations | $400,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,325,670 |
| Noncash contributions included in lines 1a–1f | $2,289,220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,846,223 |
| Total Program Service Revenue | $7,627,651 |
| Investment income | $881,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,023 |
| Net Income from Fundraising Events | -$65,562 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,323 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,429,240 |
| 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. | $243,811 |
| Compensation of current officers, directors, key employees. | $69,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,414,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $246,821 |
| Payroll taxes | $288,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,490 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $978,018 |
| Advertising and promotion | $188,648 |
| Office expenses | $276,526 |
| Information technology | $432,673 |
| Royalties | $0 |
| Occupancy | $476,875 |
| Travel | $157,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,718 |
| Interest | $50,333 |
| Payments to affiliates | $257,000 |
| Depreciation, depletion, and amortization | $203,685 |
| Insurance | $186,112 |
| All other expenses | $427,404 |
| Total functional expenses | $17,451,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,877,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,001,626 |
| Accounts receivable, net | $1,107,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,685,283 |
| Inventories for sale or use | $119,724 |
| Prepaid expenses and deferred charges | $118,911 |
| Net Land, buildings, and equipment | $619,402 |
| Investments—publicly traded securities | $6,298,505 |
| Investments—other securities | $0 |
| Investments—program-related | $1,115,892 |
| Intangible assets | $0 |
| Other assets | $16,308,078 |
| Total assets | $52,252,903 |
| Accounts payable and accrued expenses | $556,788 |
| 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 | $4,919,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,762,891 |
| Total liabilities | $7,239,619 |
| Net assets without donor restrictions | $43,169,392 |
| Net assets with donor restrictions | $1,843,892 |
| 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 | $52,252,903 |