Habitat For Humanity International Inc
- Assets
- $6.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 48
- Location
- Norfolk, VA
- Founding
- 01/1987
- Data as of
- 06/2024
- EIN
- 54-1476409
Organization Overview
Habitat For Humanity International Inc is located in Norfolk, VA. 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 06/2024, Habitat For Humanity International Inc employed 48 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 06/2024, Habitat For Humanity International Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $3.7m during the year ending 06/2024. While expenses have increased by 1.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE HOUSING SOLUTIONS THAT STRENGTHEN FAMILIES AND COMMUNITIES IN SOUTH HAMPTON ROADS. THIS IS ACCOMPLISHED BY TWO INDEPENDENT, YET COMPLIMENTARY INITIATIVES: 1. BUILDING SAFE, DECENT AND AFFORDABLE HOMES THAT EMPOWER LOW-INCOME FAMILIES TO ACHIEVE THEIR DREAM OF HOMEOWNERSHIP. 2. MAKING ESSENTIAL HOME REPAIRS AND PROVIDING ADA ACCESSIBILITY FOR INCOME-CONSTRAINED SOUTH HAMPTON ROADS SENIORS, DISABLED AND/OR VETERAN HOMEOWNERS TO KEEP THEM WARM, SAFE AND DRY IN THEIR HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING CONSTRUCTION AND REHABILITATION OF HOMES IN ORDER TO PROVIDE AFFORDABLE HOUSING FOR ECONOMICALLY DISADVANTAGED FAMILIES AT COST OR BELOW COST.
THE HABITAT OPERATES RE-STORES SELLING DONATED INVENTORY CONSISTING OF CONSTRUCTION MATERIALS, HOME FURNISHING, APPLIANCES, CLOTHING AND OTHER ACCESSORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Huger IV President | OfficerTrustee | 5 | $0 |
Karen Tanner VP And Secre | OfficerTrustee | 10 | $0 |
Cathy Harris President Em | OfficerTrustee | 5 | $0 |
Mary Kate Andris Board Member | Trustee | 5 | $0 |
Susan Bradshaw Const Chair | Trustee | 5 | $0 |
Tamesha Clemons Development | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Timberlake Shopping Center | 6/29/16 | $180,197 |
Providence Square Shopping Center Store Leases | 6/29/16 | $121,729 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,000 |
| Related organizations | $49,262 |
| Government grants | $618,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,209,589 |
| Noncash contributions included in lines 1a–1f | $12,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,881,983 |
| Total Program Service Revenue | $1,974,800 |
| Investment income | $45,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,980 |
| Net Income from Fundraising Events | $36,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,944,410 |
| 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. | $70,154 |
| Compensation of current officers, directors, key employees. | $3,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $949,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,765 |
| Payroll taxes | $91,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,602 |
| Fees for services: Other | $148,500 |
| Advertising and promotion | $163 |
| Office expenses | $69,994 |
| Information technology | $35,770 |
| Royalties | $0 |
| Occupancy | $182,421 |
| Travel | $69,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,960 |
| Insurance | $84,566 |
| All other expenses | $61,116 |
| Total functional expenses | $3,736,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $193,929 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,208,872 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,023 |
| Net Land, buildings, and equipment | $2,448,227 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,038,468 |
| Total assets | $6,655,716 |
| Accounts payable and accrued expenses | $94,208 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $647,654 |
| Other liabilities | $206,361 |
| Total liabilities | $948,223 |
| Net assets without donor restrictions | $5,107,601 |
| Net assets with donor restrictions | $599,892 |
| 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 | $6,655,716 |