Habitat For Humanity International Inc
- Assets
- $2.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Missoula, MT
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 81-0467791
Organization Overview
Habitat For Humanity International Inc is located in Missoula, MT. The organization was established in 1987. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Habitat For Humanity International Inc employed 14 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 12/2021, Habitat For Humanity International Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES. CONSTRUCTED ONE SINGLE FAMILY HOME USING MORE THAN 400 VOLUNTEERS WORKING OVER 13,000 HOURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION COSTS: HABITAT MISSOULA CONSTRUCTED TWO HOMES DURING 2021, OUR 58TH AND 59TH. CONSTRUCTION COSTS INCLUDE PURCHASED AND DONATED MATERIALS, PURCHASED AND DONATED PROFESSIONAL SERVICES, AND THE COST OF A SITE SUPERVISOR. CONSTRUCTION COSTS DO NOT INCLUDED DONATED LABOR FOR MORE THAN 600 VOLUNTEERS WORKING ON SITE DURING THE CONSTRUCTION SEASON. THE OFFSETTING REVENUE IS FROM THE SALE OF THE HOME TO A LOW-INCOME FAMILY. SECOND MORTGAGES, WHICH REPRESENT THE DIFFERENCE BETWEEN THE COSTS OF HOMES AND THEIR FAIR MARKET VALUES AT CLOSING, ARE NOT INCLUDED IN THE HOUSE SALE REVENUE. AS THE SECOND MORTGAGES ARE CONTINGENT RECEIVABLES, FAS 5, #83 REQUIRES THAT THE SECOND MORTGAGES ARE RECORDED ONLY IF AND WHEN THEY BECOME COLLECTIBLE. IF THE PARTNER FAMILIY HOLDS ONTO THE HOME LONG ENOUGH, THE SILENT MORTGAGE WILL BE FORGIVEN.
MORTGAGE DISCOUNT EXPENSE: OUR LOW-INCOME PARTNER FAMILIES ARE ABLE TO AFFORD OUR HOMES PRIMARILY BECAUSE WE CHARGE NO INTEREST ON OUR MORTGAGES. AS WE ARE LOANING MONEY BELOW THE MARKET RATE, THERE IS AN ECONOMIC COST TO OUR ORGANIZATION. ACCORDING TO ACCOUNTING PRINCIPLES BOARD 21, AN ALLOWANCE IS CREATED BY DISCOUNTING THE MORTGAGES BASED UPON THE CURRENT MARKET INTEREST RATE OF SIMILAR MORTGAGES AT THE TIME OF CLOSING, AS DETERMINED BY HABITAT INTERNATIONAL. THE MORTGAGE RECEIVABLE DISCOUNTS ARE AMORTIZED OVER THE LIFE OF THE MORTGAGES. THE $235,333 EXPENSE REPRESENTS THE DISCOUNTS CREATED OVER THE LIFE OF THE MORTGAGES. THE REVENUE OF $139,986 IS THE AMOUNT OF DISCOUNT AMORTIZATION ON ALL OF OUR MORTGAGES FOR 2021, INCLUDING AMORTIZATION RECOGNIZED EARLY DUE TO EARLY REPAYMENT OF MORTGAGES SUBSEQUENT TO HOMEOWNERS SELLING THEIR HOMES.
HABITAT RESTORE OPERATIONS FOR 2021 RESULTED $197958 IN SALES AND $227,286 IN EXPENSES FOR A NET LOSS OF $29,327.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Harp Executive Director | 40 | $51,386 | |
Laura Scoville Secretary | OfficerTrustee | 2 | $0 |
Justin Meidinger Treasurer | OfficerTrustee | 3 | $0 |
Lisa Mecklenberg Jackson Vice President | OfficerTrustee | 2 | $0 |
Barbara Wickel President | OfficerTrustee | 3 | $0 |
Matt Joseph Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $618,406 |
| Noncash contributions included in lines 1a–1f | $53,212 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $684,306 |
| Total Program Service Revenue | $554,442 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,444,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $51,386 |
| Compensation of current officers, directors, key employees. | $11,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,753 |
| Payroll taxes | $27,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,005 |
| Advertising and promotion | $66,919 |
| Office expenses | $11,018 |
| Information technology | $3,111 |
| Royalties | $0 |
| Occupancy | $49,743 |
| Travel | $488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,067 |
| Interest | $4,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,472 |
| Insurance | $12,381 |
| All other expenses | $6,661 |
| Total functional expenses | $1,324,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,448 |
| Savings and temporary cash investments | $135,071 |
| 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 | $794,830 |
| Inventories for sale or use | $612,454 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,541 |
| Investments—publicly traded securities | $525,894 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,200 |
| Total assets | $2,268,438 |
| Accounts payable and accrued expenses | $56,449 |
| 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 | $76,073 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,500 |
| Total liabilities | $134,022 |
| Net assets without donor restrictions | $1,861,474 |
| Net assets with donor restrictions | $272,942 |
| 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 | $2,268,438 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Habitat For Humanity International Inc has recieved totaling $29,368.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $19,368 |
Minneapolis Foundation Minneapolis, MN PURPOSE: COMMUNITY & ECONOMIC DEVELOPMENT | $10,000 |
Endowment Analysis
| Beg. Balance | $425,656 |
| Earnings | $95,237 |
| Net Contributions | $5,000 |
| Ending Balance | $525,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Kalispell, MT | $3,902,064 | $2,562,422 |
Habitat For Humanity International Inc Sioux Falls, SD | $9,141,144 | $3,026,131 |
Habitat For Humanity International Inc Boise, ID | $1,208,345 | $1,688,198 |
Habitat For Humanity International Inc Missoula, MT | $2,268,438 | $1,444,017 |
100 Fold Studio Lakeside, MT | $1,267,297 | $1,625,310 |
Hope Center Rapid City, SD | $217,798 | $564,898 |
Homeownership Education Resource Organization Pierre, SD | $0 | $348,367 |
Habitat For Humanity International Inc Grand Forks, ND | $1,537,917 | $45,112 |