Habitat For Humanity International Inc
- Assets
- $9.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 48
- Location
- Greensboro, NC
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 56-1586870
Organization Overview
Habitat For Humanity International Inc is located in Greensboro, 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 06/2021, 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 06/2021, Habitat For Humanity International Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 0.0% 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
WORK WITH DONORS, VOLUNTEERS, CONTRACTORS AND HOMEOWERS TO CREATE AFFORDABLE HOUSING, TRAIN AND EDUCATE NEW HOMEOWNERS ABOUT HOME OWNERSHIP AND RESPONSIBILITES, AND IMPROVE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION SERVICES: IN FISCAL YEAR 2021, IN PARTNERSHIP WITH CORPORATIONS, FOUNDATIONS, FAITH ORGANIZATIONS, CIVIC ORGANIZATIONS AND INDIVIDUALS, HABITAT GREENSBORO SOLD 10 HOMES TO LOW-INCOME FAMILIES UTILIZING NO INTEREST MORTGAGES WITH PAYMENTS TOTALING 30% OR LESS OF THEIR INCOMES. SINCE FAMILIES PAY THE FULL COST FOR HABITAT HOUSES AND ALL FUTURE MAINTENANCE, WE ARE COMMITTED TO BUILDING AFFORDABLE, HIGH-QUALIY, ENERGY-EFFICIENT, AND SUSTAINABLE HOUSES THAT FAMILIES ARE PROUD TO CALL HOME. OUR NEW HOMES MEET ENERGY STAR GUIDELINES ESTABLISHED BY THE U.S. ENVIRONMENTAL PROTECTION AGENCY, AS WELL AS THE NATIONAL GREEN BUILD STANDARD ENDORSED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS.
RESTORE SERVICES: HABITAT GREENSBORO'S RESTORE EXISTS TO PROVIDE REVENUE FOR OUR AFFORDABLE HOMEOWNERSHIP MISSION AND TO PROVIDE HOME FURNISHINGS, APPLIANCES, BUILDING MATERIALS, AND OTHER ITEMS TO OUR HOMEOWNERS AND THE GENERAL PUBLIC AT A GREATLY REDUCED COST. BUSINESSES AND INDIVIDUALS DONATE NEW AND USED ITEMS TO THE STORE. THE RESTORE PROGRAM ALSO OFFERS DECONSTRUCTION SERVICES TO THE GENERAL PUBLIC FOR A FEE, WITH ANY CONSTRUCTION MATERIALS SALVAGED FROM THE PROJECT BEING SOLD AT THE RESTORE. HOMEOWNERS AND OTHERS VOLUNTEER IN THE STORE, KEEPING THE OPERATING EXPENSE AS LOW AS POSSIBLE.
HOMEOWNER SERVICES: HABITAT GREENSBORO'S HOMEOWNER SERVICES PROGRAM RECRUITS, SELECTS, AND TRAINS POTENTIAL HOMEOWNERS AND PROVIDES AFFORDABLE MORTGAGE FINANCING FOR LOW-INCOME FAMILIES. HABITAT GREENSBORO HOMEOWNERS COMMIT TO 250 HOURS OF SWEAT EQUITY, INCLUDING 100 CLASSROOM HOURS ON HOME-MAINTENANCE, FINANCE, BUDGETING, ETC. EACH YEAR, HABITAT GREENSBORO OFFERS OVER 80 CLASSES AND EDUCATES 150-170 PEOPLE. REFRESHER CLASSES ARE OFFERED TO ANY EXISTING HOMEOWNER IN THE COMMUNITY, WITH A FOCUS ON HOME REPAIR, FINANCIAL WELLBEING, NUTRITION, AND OTHER CLASSES DESIGNED TO SUPPORT HOMEOWNER SUCCESS.
VOLUNTEER SERVICES: THIS PROGRAM RECRUITS AND TRAINS VOLUNTEERS TO ASSIST IN THE CONSTRUCTION OF HOMES, ADMINISTRATIVE ACTIVITIES IN OUR OFFICE, RETAIL TASKS IN THE RESTORE, LUNCH MINISTRY, AND INTERNATIONAL MISSION TRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kolosieke President, CEO | Officer | 55 | $102,198 |
Ruthie Richardson Robinson COO | Officer | 55 | $94,788 |
Sherrie Simpson Director Of Finance | Officer | 55 | $79,644 |
Christine Byrd Director Of Development | Officer | 55 | $63,830 |
Ben Brown Vice Chair | OfficerTrustee | 1 | $0 |
Wayne Young Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $443,453 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,373,888 |
| Noncash contributions included in lines 1a–1f | $35,218 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,817,341 |
| Total Program Service Revenue | $1,105,187 |
| Investment income | $6,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,456 |
| Net Gain/Loss on Asset Sales | -$73,287 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,284,527 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,154,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,900 |
| 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. | $469,099 |
| Compensation of current officers, directors, key employees. | $131,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,036 |
| Pension plan accruals and contributions | $18,756 |
| Other employee benefits | $228,133 |
| Payroll taxes | $83,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,548 |
| Fees for services: Accounting | $22,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,292 |
| Advertising and promotion | $66,095 |
| Office expenses | $71,278 |
| Information technology | $103,363 |
| Royalties | $0 |
| Occupancy | $345,175 |
| Travel | $2,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,246 |
| Interest | $41,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,601 |
| Insurance | $45,452 |
| All other expenses | $27,441 |
| Total functional expenses | $3,979,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $985,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,094 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $262,983 |
| Prepaid expenses and deferred charges | $19,609 |
| Net Land, buildings, and equipment | $1,713,224 |
| Investments—publicly traded securities | $179,437 |
| Investments—other securities | $0 |
| Investments—program-related | $5,663,354 |
| Intangible assets | $0 |
| Other assets | $951,428 |
| Total assets | $9,936,467 |
| Accounts payable and accrued expenses | $262,593 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $48,110 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $754,761 |
| Unsecured mortgages and notes payable | $319,339 |
| Other liabilities | $0 |
| Total liabilities | $1,384,803 |
| Net assets without donor restrictions | $7,939,060 |
| Net assets with donor restrictions | $612,604 |
| 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 | $9,936,467 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Habitat For Humanity International Inc has recieved totaling $253,220.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $197,281 |
United Way Of Greater Greensboro Inc Greensboro, NC PURPOSE: CHARITABLE | $41,188 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,200 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $5,820 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $2,500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $144,464 |
| Earnings | $34,973 |
| Ending Balance | $179,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Newport News, VA | $9,861,358 | $8,052,076 |
American Opportunity Foundation Atlanta, GA | $34,585,201 | $5,667,158 |
Recovery Place Community Services Inc Savannah, GA | $2,985,458 | $7,587,530 |