Habitat For Humanity International Inc
- Assets
- $5.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Cedar Rapids, IA
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 42-1320296
Organization Overview
Habitat For Humanity International Inc is located in Cedar Rapids, IA. 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 06/2022, Habitat For Humanity International Inc employed 30 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 $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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
CEDAR VALLEY HABITAT FOR HUMANITY IS AN ECUMENICAL CHRISTIAN HOUSING MINISTRY DEDICATED TO BUILDING AND REHABILITATING SIMPLE, DECENT AND AFFORDABLE HOMES IN LINN AND BENTON COUNTIES AND MAKING DECENT, AFFORDABLE SHELTER FOR ALL OF GOD'S PEOPLE A MATTER OF CONSCIENCE AND ACTION. THE ORGANIZATION PROVIDES ZERO-INTEREST MORTGAGES FOR DESERVING FAMILIES WHO WOULDN'T TYPICALLY QUALIFY FOR A TRADITIONAL HOME LOAN, ENLISTING THE HELP OF COMPANIES, FAITH-BASED GROUPS, COMMUNITY ORGANIZATIONS AND INDIVIDUALS TO FUND AND BUILD THE HOMES.
Describe the Organization's Program Activity:
THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND NURTURING SERVICES TO FAMILIES IN NEED. PROGRAM FAMILIES PURCHASE HOMES AT COST THAT ARE BUILT BY THE FAMILIES AND VOLUNTEERS. FIVE HOMES WERE SOLD THIS YEAR.
THE ORGANIZATION OPERATES THE RESTORE, A THRIFT STORE SELLING DONATED BUILDING MATERIALS. THE PROGRAM PROVIDES A SOURCE OF LOW COST BUILDING MATERIALS FOR THE COMMUNITY, DIVERTS SOLID WASTE FROM AREA LANDFILLS, AND PROMOTES RECYCLING AND REUSE.
THE ORGANIZATION PROVIDES FAMILY SUPPORT AND EDUCATIONAL MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jolene Frankhouse Finance & Administration | Officer | 40 | $66,625 |
Brittany Scanlon Executive Director | Officer | 40 | $56,977 |
Chris Terukina Vice President | OfficerTrustee | 5 | $0 |
Travis Faust President | OfficerTrustee | 5 | $0 |
Elliot Heim Secretary | OfficerTrustee | 5 | $0 |
Joe Strathman Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D & S Building Company General Contractor | 6/29/18 | $130,080 |
Triple T Construction Plaster, Drywall And Insulation | 6/29/18 | $105,150 |
Rathje Construction Excavation And Grading | 6/29/18 | $148,695 |
Kelly Concrete Company Concrete Services | 6/29/18 | $302,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,411,636 |
| Noncash contributions included in lines 1a–1f | $876,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,488,142 |
| Total Program Service Revenue | $290,264 |
| Investment income | $471,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $42,161 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$625,719 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,742,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,500 |
| 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. | $129,268 |
| Compensation of current officers, directors, key employees. | $38,780 |
| Compensation to disqualified persons | $204,218 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,064 |
| Payroll taxes | $26,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,502 |
| Advertising and promotion | $1,465 |
| Office expenses | $27,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,204 |
| Travel | $12,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,353 |
| Insurance | $37,877 |
| All other expenses | $11,626 |
| Total functional expenses | $1,670,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,382 |
| Savings and temporary cash investments | $200,843 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,098,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $604,728 |
| Prepaid expenses and deferred charges | $20,818 |
| Net Land, buildings, and equipment | $37,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,814 |
| Total assets | $5,677,574 |
| Accounts payable and accrued expenses | $151,366 |
| 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 | $643,085 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $794,451 |
| Net assets without donor restrictions | $4,883,123 |
| Net assets with donor restrictions | $0 |
| 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 | $5,677,574 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Habitat For Humanity International Inc has recieved totaling $195,767.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $126,816 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: AREA OF MOST NEED, GENERAL SUPPORT, ANNUAL DESIGNATED DISTRIBUTION FOR THE RESTORE, 2020 REHAB HOME, 2021 WOMEN BUILD, REPAIRS PROGRAM | $35,686 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,630 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $11,750 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $7,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Independence, MO | $4,030,646 | $3,647,546 |
Habitat For Humanity Of Mclean County Inc Bloomington, IL | $5,141,710 | $2,986,514 |
Habitat For Humanity International Inc Peoria, IL | $2,317,319 | $2,095,661 |
Habitat For Humanity Of Waukesha County Inc Waukesha, WI | $2,764,465 | $2,495,016 |
Habitat For Humanity International Inc Springfield, IL | $4,033,277 | $2,865,495 |
Habitat For Humanity International Inc Sioux Falls, SD | $9,141,144 | $3,026,131 |
Habitat For Humanity International Inc Cedar Rapids, IA | $5,677,574 | $1,742,831 |
Habitat For Humanity International Inc Rochester, MN | $3,870,534 | $1,605,861 |
Habitat For Humanity International Inc St Cloud, MN | $4,313,992 | $1,842,633 |
Habitat For Humanity International Inc Northfield, MN | $2,178,663 | $1,542,533 |
Habitat For Humanity International Inc Mankato, MN | $7,163,507 | $1,882,545 |
Danish Home Foundation Chicago, IL | $9,184,246 | $754,960 |