Habitat For Humanity In The Roanoke Valley Inc
- Assets
- $7.7m
- Revenue
- $3.3m
- Investments
- $502.5k
- Employees
- 33
- Location
- Roanoke, VA
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 54-1375465
Organization Overview
Habitat For Humanity In The Roanoke Valley Inc is located in Roanoke, VA. 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 06/2023, Habitat For Humanity In The Roanoke Valley Inc employed 33 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habitat For Humanity In The Roanoke Valley 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 06/2021, Habitat For Humanity In The Roanoke Valley Inc generated $3.3m 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 (3.4%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. 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 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES IN PARTNERSHIP WITH THE COMMUNITY FOR QUALIFIED FAMILIES BY BUILDING HOUSES AND SELLING THEM AT COST WITH A NO-INTEREST OR ZERO EQUIVALENCY LOAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE USED TO BUILD, REHAB, OR RECYCLE SEVEN HOUSES, FOR LOW-INCOME FAMILIES IN 2022-23. 289 HOUSES HAVE BEEN BUILT, RECYCLED OR REHABBED TO DATE.
THE RESTORE IS A RETAIL OPERATION THAT SELLS NEW AND GENTLY USED BUILDING SUPPLIES, FURNITURE, AND HOUSEWARES AT DISCOUNTED PRICES. THE NET PROCEEDS BENEFIT THE MISSION OF HOME CONSTRUCTION.
TO SUPPORT THE GLOBAL HOME-CONSTRUCTION MINISTRY OF HABITAT FOR HUMANITY INTERNATIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Mason Executive Dir. | Officer | 40 | $103,578 |
Dave Prosser President | OfficerTrustee | 1 | $0 |
Curtis Burchett Director | Trustee | 1 | $0 |
Chris Chittum Vice President | OfficerTrustee | 1 | $0 |
Gigi Hall Director | Trustee | 1 | $0 |
Sherman Lea Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,765,011 |
| Investment income | $19,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,500 |
| Net Gain/Loss on Asset Sales | -$5,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $702,583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,275,413 |
| Statement of Expenses | |
|---|---|
| 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. | $103,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $575,412 |
| Pension plan accruals and contributions | $18,832 |
| Other employee benefits | $69,815 |
| Payroll taxes | $51,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,991 |
| Fees for services: Accounting | $19,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,335 |
| Advertising and promotion | $12,217 |
| Office expenses | $40,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,773 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,487 |
| Interest | $0 |
| Payments to affiliates | $31,000 |
| Depreciation, depletion, and amortization | $80,387 |
| Insurance | $100,250 |
| All other expenses | $0 |
| Total functional expenses | $2,602,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,739 |
| Savings and temporary cash investments | $2,512 |
| Pledges and grants receivable | $112,829 |
| Accounts receivable, net | $26,918 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,605,924 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $502,456 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $451,922 |
| Total assets | $7,720,086 |
| Accounts payable and accrued expenses | $106,520 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,941 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,788 |
| Total liabilities | $160,249 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,559,837 |