Habitat For Humanity International Inc
- Assets
- $5.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Petoskey, MI
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 38-2971056
Organization Overview
Habitat For Humanity International Inc is located in Petoskey, MI. The organization was established in 1987. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, 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 06/2022, Habitat For Humanity International Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 13.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HOUSING FOR LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
PROVIDE QUALITY HOUSING FOR LOW INCOME FAMILIES IN SUBSTANDARD CONDITIONS. THERE WERE 3 HOMES SOLD DURING THE FISCAL YEAR ENDING JUNE 30, 2021.
THE RESTORE ACCEPTS DONATED, USED, OR EXCESS BUILDING MATERIALS AND SUPPLIES AND SELLS THEM TO THE PUBLIC AT DISCOUNTED PRICES, WITH THE NET REVENUE GOING TO THE HOUSING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Ulrich Executive Di | Officer | 40 | $93,035 |
Nick Moore Treasurer | OfficerTrustee | 1 | $0 |
Sue Finley Vice Preside | OfficerTrustee | 1 | $0 |
Cam Braddock President | OfficerTrustee | 1 | $0 |
Bryan Leavitt Secretary | OfficerTrustee | 1 | $0 |
Elaine Keiser Director | Trustee | 1 | $0 |
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 | $2,218,359 |
| Noncash contributions included in lines 1a–1f | $68,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,218,359 |
| Total Program Service Revenue | $1,191,214 |
| Investment income | $4,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,049 |
| 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 | $3,436,680 |
| 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. | $102,103 |
| Compensation of current officers, directors, key employees. | $12,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $486,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,051 |
| Payroll taxes | $62,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,094 |
| Fees for services: Other | $11,672 |
| Advertising and promotion | $10,882 |
| Office expenses | $40,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,360 |
| Travel | $692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,070 |
| Insurance | $19,727 |
| All other expenses | $4,176 |
| Total functional expenses | $1,675,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,988 |
| Savings and temporary cash investments | $559,616 |
| Pledges and grants receivable | $525,000 |
| Accounts receivable, net | $347 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $39,610 |
| Inventories for sale or use | $1,931,224 |
| Prepaid expenses and deferred charges | $11,750 |
| Net Land, buildings, and equipment | $1,366,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $86,351 |
| Intangible assets | $0 |
| Other assets | $359,701 |
| Total assets | $5,208,136 |
| Accounts payable and accrued expenses | $87,083 |
| 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 | $1,187,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,079 |
| Total liabilities | $1,288,345 |
| Net assets without donor restrictions | $3,078,517 |
| Net assets with donor restrictions | $841,274 |
| 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 | $5,208,136 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Habitat For Humanity International Inc has recieved totaling $251,261.
| Awarding Organization | Amount |
|---|---|
Petoskey-Harbor Springs Area Community Foundation Petoskey, MI PURPOSE: FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/SITE WORK AND HOME CONSTRUCTION FOR 3 HOMES IN ODEN AND 1 HOME IN ALANSON. /AN AFFORDABLE HOME ON LUCE STREET 2021/FOUNDATIONS FOR OUR FUTURE INFRASTRUCTURE COSTS/CONTRIBUTION TO THE FOUNDATIONS FOR OUR FUTURE CAMPAIGN/GENERAL SUPPORT/AN AFFORDABLE HOME ON LUCE STREET 2021/AN AFFORDABLE HOME ON LUCE STREET 2021/AN AFFORDABLE HOME ON LUCE STREET 2021/GENERAL SUPPORT/AN AFFORDABLE HOME ON LUCE STREET 2021/GENERAL SUPPORT/GENERAL SUPPORT/FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/CONTRIBUTION TO THE "FOUNDATION FOR OUR FUTURES" CAMPAIGN/FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/GENERAL SUPPORT/ALLOCATION REQUEST FROM NWM HABITAT/FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/ | $174,000 |
Charlevoix County Community Foundation East Jordan, MI PURPOSE: General operations and programs | $49,000 |
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $11,761 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,000 |
Great Lakes People Fund Boyne City, MI PURPOSE: FURNACE REPLACEMENT | $6,500 |
Endowment Analysis
| Beg. Balance | $106,586 |
| Earnings | -$15,581 |
| Admin Expense | $1,094 |
| Net Contributions | $1,690 |
| Other Expense | $5,250 |
| Ending Balance | $86,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
Bridges Community Action Partnership Marysville, OH | $6,792,515 | $6,372,376 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Central Ohio Community Land Trust Columbus, OH | $2,592,192 | $4,520,471 |
Housing Resources Inc Milwaukee, WI | $1,278,452 | $4,218,125 |
El Barrio Inc Cleveland, OH | $2,618,772 | $3,994,510 |
Greater Green Bay Habitat For Humanity Green Bay, WI | $9,776,168 | $3,142,134 |
Lenawee Emergency And Affordable Housing Corp Adrian, MI | $2,630,191 | $2,836,725 |
Englewood Community Development Corporation Indianapolis, IN | $23,355,303 | $2,642,525 |