Habitat For Humanity Of Durham Inc
- Assets
- $20.9m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 35
- Location
- Durham, NC
- Founding
- 07/1988
- Data as of
- 06/2022
- EIN
- 58-1674794
Organization Overview
Habitat For Humanity Of Durham Inc is located in Durham, NC. The organization was established in 1988. 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 Of Durham Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Humanity Of Durham 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 Of Durham Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORM LIVES AND COMMUNITIES BY MAKING HOME OWNERSHIP POSSIBLE IN PARTNERSHIP WITH PEOPLE WHO CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION SERVICES: THE CONSTRUCTION PROGRAM BUILDS AND SELLS AFFORDABLE HOMES FOR LOW INCOME FAMILIES USING VOLUNTEER LABOR. SERVICES OFFERED INCLUDE NEW HOME CONSTRUCTION, GUT REHABS OF HOMES IN HISTORICAL AREAS, AND CRITICAL AND URGENT REPAIRS WHICH ALLOW HOMEOWNERS TO AVOID EVICTION AND PROTECT THE INVESTMENT IN THEIR HOME. DURHAM HABITAT HELPS REVITALIZE INNER CITY NEIGHBORHOODS AS WE BUILD, SELL, AND REPAIR HOMES FOR LOW INCOME BUYERS.
HOME OWNER SERVICES & MORTGAGE FINANCING: THIS PROGRAM RECRUITS, SELECTS, AND STEWARDS ELIGIBLE APPLICANTS FOR HOMEOWNERSHIP THROUGH THE APPROVAL AND APPLICATION PROCESS TO MORTGAGE CLOSING AND BEYOND. THE APPROVAL PROCESS INCLUDES ATTENDANCE AT HOMEOWNER EDUCATION CLASSES AND PERFORMANCE OF SWEAT EQUITY VOLUNTEER WORK. EACH HOME IS SOLD AT NEAR APPRAISED VALUE AND AN INTEREST-FREE, AFFORDABLE MORTGAGE IS OFFERED TO EACH HOMEOWNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Vaughn 7121 - 33122 CEO | Officer | 40 | $133,963 |
Valerie Thompson Director Of Finance | Officer | 40 | $76,925 |
Vicky Garcia Chair | OfficerTrustee | 1 | $0 |
Tracy Cox Treasurer | OfficerTrustee | 1 | $0 |
George Stuart Secretary | OfficerTrustee | 1 | $0 |
Carleena Deonanan Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,457 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $447,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,666,149 |
| Noncash contributions included in lines 1a–1f | $49,946 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,123,453 |
| Total Program Service Revenue | $4,656,053 |
| Investment income | $2,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $319,994 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,200,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,500 |
| 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. | $254,667 |
| Compensation of current officers, directors, key employees. | $73,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $880,772 |
| Pension plan accruals and contributions | $89,602 |
| Other employee benefits | $92,677 |
| Payroll taxes | $111,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,730 |
| Fees for services: Accounting | $39,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,123 |
| Advertising and promotion | $0 |
| Office expenses | $89,912 |
| Information technology | $78,187 |
| Royalties | $0 |
| Occupancy | $35,312 |
| Travel | $18,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,354 |
| Interest | $49,364 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,429 |
| Insurance | $39,346 |
| All other expenses | $45,077 |
| Total functional expenses | $7,389,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,428,859 |
| Savings and temporary cash investments | $5,768,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $656,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,214,334 |
| Inventories for sale or use | $64,531 |
| Prepaid expenses and deferred charges | $18,858 |
| Net Land, buildings, and equipment | $109,156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,153,714 |
| Intangible assets | $42,062 |
| Other assets | $3,467,907 |
| Total assets | $20,924,990 |
| Accounts payable and accrued expenses | $362,372 |
| Grants payable | $0 |
| Deferred revenue | $5,834 |
| 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 | $3,518,206 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,886,412 |
| Net assets without donor restrictions | $17,017,575 |
| Net assets with donor restrictions | $21,003 |
| 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 | $20,924,990 |
Grants Awarded
Over the last fiscal year, Habitat For Humanity Of Durham Inc has awarded $284,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: TO FUND NEW OPERATING ACCOUNT AT WAKE COUNTY RESTORE LOCATION | $100,000 |
Raleigh, NC PURPOSE: TO FUND NEW OPERATING ACCOUNT AT WAKE COUNTY RESTORE LOCATION | $100,000 |
Americus, GA PURPOSE: ASSISTANCE WITH HOUSING PROGRAMS | $42,000 |
Americus, GA PURPOSE: ASSISTANCE WITH HOUSING PROGRAMS | $42,000 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Habitat For Humanity Of Durham Inc has recieved totaling $423,846.
| Awarding Organization | Amount |
|---|---|
United Way Of The Greater Triangle Inc Durham, NC PURPOSE: GENERAL SUPPORT | $84,457 |
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $61,866 |
American Endowment Foundation Hudson, OH PURPOSE: HOUSING, SHELTER | $54,575 |
F M Kirby Foundation Inc Morristown, NJ PURPOSE: IN SUPPORT OF 501C3 PURPOSE | $45,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $27,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $20,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Housing Solutions Inc Nashville, TN | $85,110,787 | $12,951,476 |
Habitat For Humanity Of Durham Inc Durham, NC | $20,924,990 | $12,200,420 |
Habitat For Humanity International Inc Knoxville, TN | $15,712,472 | $7,598,798 |
Habitat For Humanity Orange County Chapel Hill, NC | $18,236,653 | $8,810,630 |
Habitat For Humanity International Inc Aberdeen, NC | $11,746,937 | $8,636,266 |
Goodwin House Home And Community Based Services Alexandria, VA | $5,762,762 | $4,853,938 |
Our Towns Of North Mecklenburg - Iredell Habitat For Humanity Davidson, NC | $0 | $4,247,213 |
Holston Habitat For Humanity Inc Kingsport, TN | $5,229,003 | $4,636,648 |
Habitat For Humanity International Inc Jonesboro, GA | $7,706,809 | $5,170,759 |
Tennessee Homeless Solutions Jackson, TN | $271,410 | $3,048,751 |
Habitat For Humanity International Inc Hendersonville, NC | $13,143,537 | $3,188,722 |
Central South Carolina Habitat For Humanity Inc Columbia, SC | $4,897,008 | $2,472,080 |