Habitat For Humanity
- Assets
- $10.6m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Albuquerque, NM
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 85-0359138
Organization Overview
Habitat For Humanity is located in Albuquerque, NM. 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 06/2023, Habitat For Humanity employed 35 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habitat For Humanity 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 06/2023, Habitat For Humanity generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO BUILD THE COMMUNITY, ONE HOME, ONE FAMILY AT A TIME BY MAKING IT POSSIBLE FOR LOW-INCOME FAMILIES TO OWN DECENT, AFFORDABLE AND ENERGY-EFFICIENT HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE IS THE RETAIL ARM OF GREATER ALBUQUERQUE HABITAT FOR HUMANITY. IT SELLS DONATED, GENTLY USED BUILDING AND HOME FURNISHING ITEMS BELOW RETAIL PRICES. OPERATING PROFITS FROM RESTORE SALES ARE USED TO FUND HABITAT PROGRAMS AND ADMINISTRATIVE COSTS. EXCESS PROFITS ARE DIRECTED TOWARD CONSTRUCTION OF HOMES.
GREATER ALBUQUERQUE HABITAT FOR HUMANITY BUILDS THE COMMUNITY BY PROVIDING LOW-INCOME FAMILIES WITH DECENT, AFFORDABLE AND ENERGY-EFFICIENT HOMES. HABITAT SERVES FAMILIES THAT ARE IN THE 30-60% OF AREA MEDIAN INCOME (AMI) RANGE. ALL HABITAT HOMES ARE VOLUNTEER BUILT, AND RECIPIENT FAMILIES WORK ALONGSIDE VOLUNTEERS TO CONTRIBUTE 350 HOURS OF "SWEAT EQUITY" TOWARD CONSTRUCTION OF THEIR HOME. HABITAT RAISES ALL MONIES NEEDED FOR LAND AND CONSTRUCTION. THE HOMES ARE BUILT USING BOTH PURCHASED AND DONATED GOODS. THE CONSTRUCTION AREA OF GREATER ALBUQUERQUE HABITAT FOR HUMANITY ALSO HAS A HOME REPAIR PROGRAM THAT PROVIDES MINOR HOME REPAIRS TO ALLEVIATE SAFETY ISSUES, IMPROVE THE QUALITY OF LIFE AND RESTORES THE APPEARANCE OF HOME EXTERIORS FOR LOW INCOME HOMEOWNERS.
GREATER ALBUQUERQUE HABITAT FOR HUMANITY PROVIDES LOW-INCOME, QUALIFYING FAMILIES WITH MORTGAGES AND MORTGAGE SERVICING. THE LOANS ARE FINANCED BY GREATER ALBUQUERQUE HABITAT WITH A ZERO PERCENT MORTGAGE AND AT NO PROFIT TO THE AFFILIATE. LOW-INCOME FAMILIES WHO DEMONSTRATE FINANCIAL STABILITY, A WILLINGNESS TO PARTNER WITH HABITAT AND HOUSING NEED CAN ACHIEVE HOMEOWNERSHIP AND START ON THE PATH TO FAMILY STABILITY AND STOPPING THEIR CYCLE OF POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Haynes Finance Dir. | Officer | 40 | $71,441 |
Doug Champlin Executive Dir. | Officer | 50 | $73,691 |
Mark Lujan President | OfficerTrustee | 5 | $0 |
Diane Saya Vice President | OfficerTrustee | 5 | $0 |
Natalia Marek-Griffin Treasurer | OfficerTrustee | 2 | $0 |
David Kowalski Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,633 |
| Related organizations | $0 |
| Government grants | $400,688 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,538,619 |
| Noncash contributions included in lines 1a–1f | $1,763,925 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,946,940 |
| Total Program Service Revenue | $350,500 |
| Investment income | $55,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,669 |
| Net Gain/Loss on Asset Sales | $6,548 |
| Net Income from Fundraising Events | $42,154 |
| Net Income from Gaming Activities | $1,675 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,417,365 |
| 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. | $170,985 |
| Compensation of current officers, directors, key employees. | $47,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $867,757 |
| Pension plan accruals and contributions | $12,419 |
| Other employee benefits | $79,404 |
| Payroll taxes | $82,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,975 |
| Fees for services: Accounting | $19,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,037 |
| Advertising and promotion | $12,249 |
| Office expenses | $38,233 |
| Information technology | $49,167 |
| Royalties | $0 |
| Occupancy | $41,019 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,910 |
| Insurance | $61,069 |
| All other expenses | $155,419 |
| Total functional expenses | $2,257,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,683,357 |
| Savings and temporary cash investments | $1,512,001 |
| 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 | $2,193,948 |
| Inventories for sale or use | $117,371 |
| Prepaid expenses and deferred charges | $40,392 |
| Net Land, buildings, and equipment | $2,960,719 |
| Investments—publicly traded securities | $821,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $252,515 |
| Total assets | $10,581,438 |
| Accounts payable and accrued expenses | $169,387 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $15,852 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,057,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,243,189 |
| Net assets without donor restrictions | $8,417,398 |
| Net assets with donor restrictions | $920,851 |
| 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 | $10,581,438 |