Habitat For Humanity International Inc
- Assets
- $72.0m
- Revenue
- $27.7m
- Investments
- $0.0
- Employees
- 227
- Location
- Charlotte, NC
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 56-1366233
Organization Overview
Habitat For Humanity International Inc is located in Charlotte, NC. 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 06/2022, Habitat For Humanity International Inc employed 227 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 06/2021, Habitat For Humanity International Inc generated $27.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $25.9m during the year ending 06/2021. While expenses have increased by 7.9% per year over the past 6 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
SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HABITAT CHARLOTTE REGION IS ENTERING ITS 40TH YEAR OF PROVIDING AFFORDABLE HOMEOWNERSHIP SOLUTIONS TO LOW-INCOME FAMILIES IN OUR REGION, AND WE ARE PROUD TO BE AMONG THE TOP AFFILIATES IN THE COUNTRY. HOME CONSTRUCTION CONTINUES TO BE AT THE HEART OF HABITAT'S MISSION. THROUGH THIS PROGRAM, WE FOCUS ON BUILDING NEW HOMES AND REFURBISHING EXISTING ONES, AND PRICING THEM AT FAIR MARKET VALUE TO SELL TO INCOME-QUALIFIED HOMEBUYERS WITH MORTGAGES THAT ARE "RIGHT-SIZED" THROUGH SUBSIDIES TO BE AFFORDABLE. 45 FAMILIES CLOSED ON NEW HOMES AND 26 ON EXISTING HOMES LAST YEAR.
OUR CRITICAL HOME REPAIR PROGRAM PROVIDES QUALIFIED FAMILIES WITH SIGNIFICANT HOME REPAIRS, IMPROVING SUBSTANDARD HOUSING CONDITIONS FOR THOSE WITH LIMITED FINANCIAL RESOURCES AND PRESERVING AFFORDABLE UNITS IN OUR COMMUNITY. OUR TEAM FOCUSES ON FOUR ESSENTIAL HEALTH AND SAFETY ISSUES: UNSAFE ROOFS OR FLOORS, LACKING HEAT, ELECTRICAL SYSTEM HAZARDS, AND PLUMBING HAZARDS WHILE ALSO ADDRESSING ACCESSIBILITY ISSUES IN AND AROUND THE HOME. 136 FAMILIES WERE SERVED THROUGH THIS PROGRAM DURING THE YEAR.
OUR MISSION IS SUSTAINED THROUGH A HEALTHY MIX OF FUNDING STREAMS TO SUPPORT OUR OPERATING NEEDS, GROWTH GOALS AND STRATEGIC PLAN. SIX RESTORES, WHERE WE SELL NEW AND GENTLY-USED FURNITURE, APPLIANCES, HOME DCOR, AND BUILDING MATERIALS SUPPORT OUR OPERATIONAL EXPENSES.
MONEY MATTERS, THE EXPANDED FINANCIAL LITERACY COURSE WE PILOTED IN 2019, SERVED 200 FAMILIES IN FY22. HABITAT CHARLOTTE REGION IS STRONGLY COMMITTED TO ADVOCATING AND CHAMPIONING SOCIAL JUSTICE AND RACIAL EQUITY IN THE COMMUNITIES WE SERVE AND CLOSING THE RACIAL WEALTH GAP. WE WORK CLOSELY WITH SEVERAL LOCAL NONPROFITS AND PEER ORGANIZATIONS THAT REFER POTENTIAL HOMEOWNERS TO US WHILE ALSO PROVIDING WRAP-AROUND SERVICES TO OUR FAMILIES. HABITAT CHARLOTTE REGION UNDERSTANDS THE EFFECTS OF HOMEOWNERSHIP ON ASSET-BUILDING AND WEALTH, IMPROVED HEALTH EFFECTS OF AFFORDABLE HOUSING, THE POSITIVE EFFECTS OF HOMEOWNERSHIP ON EDUCATIONAL OUTCOMES, AS WELL AS THE SOCIETAL AND ENVIRONMENTAL BENEFITS OF HOMEOWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Belcher President & CEO | Officer | 40 | $204,683 |
Shannon Hinson Vp, Organizational Advancement And Development | Officer | 40 | $127,841 |
Bob Glusenkamp Vp, Construction Operations | Officer | 40 | $111,010 |
Beth Kilguss Vp, Finance | Officer | 40 | $101,628 |
Caitlin Greenwell Vp, Retail Operations | Officer | 40 | $87,829 |
Kerr Collins Vp, Business Operations | Officer | 40 | $85,640 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kevin Richardson Grading Clearing/grading Contractor | 6/29/22 | $418,380 |
Summit Air & Electric Llc Hvac And Electrical Contractor | 6/29/22 | $696,863 |
Benchmark Service Company Hvac | 6/29/22 | $403,882 |
Schultz Construction Inc Construction | 6/29/22 | $373,338 |
Mcgee Brothers Co Inc Masonry Contractor | 6/29/22 | $356,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $388,905 |
| Related organizations | $0 |
| Government grants | $4,378,770 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,745,184 |
| Noncash contributions included in lines 1a–1f | $537,352 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,512,859 |
| Total Program Service Revenue | $15,948,855 |
| Investment income | $156,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,788 |
| Net Gain/Loss on Asset Sales | $1,251 |
| Net Income from Fundraising Events | -$52,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $894,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,686,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $466,296 |
| 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. | $786,927 |
| Compensation of current officers, directors, key employees. | $222,451 |
| Compensation to disqualified persons | $24,440 |
| Other salaries and wages | $6,638,449 |
| Pension plan accruals and contributions | $70,074 |
| Other employee benefits | $1,028,886 |
| Payroll taxes | $537,440 |
| 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 | $607,911 |
| Advertising and promotion | $472,848 |
| Office expenses | $146,701 |
| Information technology | $542,101 |
| Royalties | $0 |
| Occupancy | $1,379,019 |
| Travel | $77,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $540,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $425,012 |
| Insurance | $189,952 |
| All other expenses | $162,976 |
| Total functional expenses | $25,868,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,751 |
| Savings and temporary cash investments | $8,639,541 |
| Pledges and grants receivable | $1,495,860 |
| Accounts receivable, net | $58,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,425,420 |
| Prepaid expenses and deferred charges | $388,945 |
| Net Land, buildings, and equipment | $9,880,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $36,557,797 |
| Intangible assets | $0 |
| Other assets | $510,100 |
| Total assets | $71,967,554 |
| Accounts payable and accrued expenses | $1,842,700 |
| Grants payable | $0 |
| Deferred revenue | $2,478,527 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $905,779 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,554,658 |
| Unsecured mortgages and notes payable | $6,217,818 |
| Other liabilities | $0 |
| Total liabilities | $27,999,482 |
| Net assets without donor restrictions | $39,982,769 |
| Net assets with donor restrictions | $3,985,303 |
| 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 | $71,967,554 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Habitat For Humanity International Inc has recieved totaling $3,695,505.
| Awarding Organization | Amount |
|---|---|
Lowes Foundation Mooresville, NC PURPOSE: Affordable Housing | $1,525,000 |
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $1,119,206 |
Lowes Foundation Mooresville, NC PURPOSE: Skilled Trades | $375,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $186,730 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $109,300 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $70,897 |
Endowment Analysis
| Beg. Balance | $227,537 |
| Earnings | -$26,018 |
| Admin Expense | $2,325 |
| Net Contributions | $250 |
| Grants | $2,225 |
| Ending Balance | $197,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Affordable Rental Housing Holdings Inc Atlanta, GA | $1,081,953,835 | $238,155,388 |
Presbyterian College Clinton, SC | $178,788,042 | $82,344,801 |
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Skill Creations Inc Goldsboro, NC | $13,834,048 | $44,435,808 |
Habitat For Humanity International Inc Raleigh, NC | $48,704,094 | $32,190,331 |
Montage Living Charlotte, NC | $133,680,991 | $23,940,845 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Habitat For Humanity International Inc Charlotte, NC | $71,967,554 | $27,686,341 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |