Habitat For Humanity Of Coastal Fairfield County Inc
- Assets
- $10.9m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 28
- Location
- Bridgeport, CT
- Founding
- 10/1986
- Data as of
- 12/2021
- EIN
- 22-2597077
Organization Overview
Habitat For Humanity Of Coastal Fairfield County Inc is located in Bridgeport, CT. The organization was established in 1986. 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 12/2021, Habitat For Humanity Of Coastal Fairfield County Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Humanity Of Coastal Fairfield County 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 Of Coastal Fairfield County Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 8.1% 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
THE ORGANIZATION PROVIDES HOME OWNERSHIP TO RESPONSIBLE LOW-INCOME FAMILIES THROUGH NEW CONSTRUCTION OR RENOVATION OF EXISTING HOUSING STOCK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY (HFHCFC) IS THE LOCAL AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL AND SERVES COASTAL FAIRFIELD COUNTY. IT IS AN AUTONOMOUS 501(C)(3) NONPROFIT ORGANIZATION. IT IS GOVERNED LOCALLY, RAISES FUNDS LOCALLY AND BUILDS LOCALLY.HABITAT'S PROGRAMS CREATE SIMPLE, DECENT, SAFE AND AFFORDABLE HOMES FOR OWNERSHIP BY LOW-INCOME FAMILIES. PARTNER FAMILIES QUALIFY BY SHOWING A DEMONSTRATED NEED FOR IMPROVED HOUSING, A WILLINGNESS TO PARTNER WITH HABITAT (BY COMMITTING TO 200-500 HOURS OF "SWEAT EQUITY" HELPING TO BUILD THEIR OWN HOMES, THE HOMES OF OTHER HABITAT PARTNER FAMILIES, OR WORKING IN THE RESTORE), AND THE ABILITY TO REPAY AN AFFORDABLE INTEREST-FREE MORTGAGE.HFHCFC PROVIDES EXTENSIVE PRE AND POST-SALE SOCIAL AND SUPPORT SERVICES TO ITS HOMEOWNERS. WITH OUR HELP, HABITAT HOMEOWNERS ACHIEVE THE STRENGTH, STABILITY AND INDEPENDENCE THEY NEED TO BUILD A BETTER FUTURE FOR THEMSELVES AND THEIR FAMILIES. HABITAT FOR HUMANITY WAS FOUNDED ON THE CONVICTION THAT EVERY MAN, WOMAN AND CHILD SHOULD HAVE A SIMPLE, DURABLE PLACE TO LIVE IN DIGNITY AND SAFETY, AND THAT DECENT SHELTER IN DECENT COMMUNITIES SHOULD BE A MATTER OF CONSCIENCE AND ACTION FOR ALL.
HFHCFC OPERATES A NOT-FOR-PROFIT RETAIL STORE, RESTORE, WHICH SELLS DISCOUNTED USED FURNITURE AND BUILDING SUPPLIES. THIS SOCIAL ENTERPRISE CONTRIBUTES FUNDING TO HFHCFC PRIMARY MISSION OF BUILDING SIMPLE, SAFE AND AFFORDABLE HOMES WHILE ALSO BENEFITTING THE COMMUNITY BOTH FISCALLY AND ENVIRONMENTALLY. LOW-COST HOME IMPROVEMENT ITEMS ARE OFFERED TO THE PUBLIC WHILE KEEPING USEABLE APPLIANCES AND BUILDING MATERIALS OUT OF OUR LANDFILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Collins Former CEO | Officer | 40 | $102,278 |
Daniel Flynn Director Of Finance & Oper | Officer | 40 | $93,671 |
Carolyn Vermont CEO | Officer | 40 | $64,482 |
Brian Cook Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth A Massoud Vice Chair | OfficerTrustee | 1 | $0 |
George Keith Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uhs Premium Billing Medical Insurance | 12/30/21 | $150,832 |
Stratford Town Fair Associates Llp Rental Property | 12/30/21 | $394,436 |
Hs Moving & Storage Inc Furniture Pickup | 12/30/21 | $216,270 |
Lockton Affinity Llc Insurance | 12/30/21 | $214,837 |
1558 Barnum Llc Rental Property | 12/30/21 | $192,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,640,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,640,368 |
| Total Program Service Revenue | $2,752,375 |
| Investment income | $325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $153,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,778,803 |
| 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. | $288,554 |
| Compensation of current officers, directors, key employees. | $36,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,189,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,035 |
| Payroll taxes | $124,006 |
| 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 | $84,744 |
| Advertising and promotion | $68,008 |
| Office expenses | $62,779 |
| Information technology | $50,322 |
| Royalties | $0 |
| Occupancy | $647,484 |
| Travel | $59,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110,306 |
| Payments to affiliates | $3,000 |
| Depreciation, depletion, and amortization | $19,410 |
| Insurance | $171,925 |
| All other expenses | $122,257 |
| Total functional expenses | $5,006,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,162,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,789 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,497,887 |
| Inventories for sale or use | $2,021,379 |
| Prepaid expenses and deferred charges | $95,233 |
| Net Land, buildings, and equipment | $158,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,938,183 |
| Accounts payable and accrued expenses | $184,347 |
| Grants payable | $0 |
| Deferred revenue | $1,080,000 |
| 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 | $2,245,348 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,509,695 |
| Net assets without donor restrictions | $7,178,488 |
| Net assets with donor restrictions | $250,000 |
| 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 | $10,938,183 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Habitat For Humanity Of Coastal Fairfield County Inc has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Elizabeth And Joseph Massoud Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $10,000 |
Elizabeth And Joseph Massoud Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $3,000 |
Jjk Foundation Herndon, VA PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |