Habitat For Humanity Of Greater Chattanooga

Organization Overview

Habitat For Humanity Of Greater Chattanooga is located in Chattanooga, TN. 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 Of Greater Chattanooga employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Humanity Of Greater Chattanooga 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 06/2020, Habitat For Humanity Of Greater Chattanooga generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $3.0m during the year ending 06/2020. While expenses have increased by 1.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

HABITAT FOR HUMANITY OF GREATER CHATTANOOGA (HFH-GC) BRINGS TOGETHER BUSINESSES, CHURCHES, AND OTHER COMMUNITY ORGANIZATIONS IN PARTNERSHIP WITH LOW INCOME FAMILIES TO SPARK AUTHENTIC TRANSFORMATION IN OUR CITY THROUGH THE CONSTRUCTION OF SIMPLE, DECENT, AFFORDABLE AND SAFE HOMES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LARGEST PORTION OF HFH-GC'S PROGRAM IS THE PROCESS OF HOME BUILDING. THIS INCLUDES LAND ACQUISITION AND DEVELOPMENT, HOME DESIGN AND CONSTRUCTION, VOLUNTEER MANAGEMENT, AND RELATED EFFORTS THAT ARE INVOLVED IN THE CREATION OF AFFORDABLE HOMES THAT ARE SOLD AT COMPLETION TO QUALIFIED FAMILIES THROUGH ZERO PERCENT INTEREST LOAN SUPPORT AND AT NO PROFIT.


THE SECOND LARGEST PORTION OF HFH-GC'S PROGRAM IS THE RESTORE OPERATION. RESTORE HELPS RECYCLE NEW AND USED CABINETS, APPLIANCES, LIGHTING, HARDWARE AND OTHER ITEMS DONATED BY AREA BUSINESSES AND INDIVIDUALS INTO THE COMMUNITY, WHILE GENERATING FUNDS TO SUPPORT HABITAT'S WORK IN CHATTANOOGA.


THE THIRD LARGEST PORTION OF HFH-GC'S PROGRAM COVERS THE PROCESS OF RECRUITING AND IDENTIFYING POTENTIAL HABITAT PARTNER FAMILIES, AND WORKING WITH THEM THROUGH THE HABITAT APPLICATION PROCESS, A COMPREHENSIVE HOME OWNERSHIP EDUCATION PROGRAM WHICH INCLUDES COURSES ON HOME MAINTENANCE AND ON FINANCIAL MANAGEMENT, AND FOLLOW UP SUPPORT ONCE THEY ARE LIVING IN THEIR NEW HOME. THIS SUPPORT SPANS THE 30+ YEAR LIFE OF THEIR HABITAT ZERO-INTEREST MORTGAGE.


ZERO INTEREST LOANS ARE EXTENDED TO PARTNER FAMILIES AT A DISCOUNT FAR BELOW MARKET RATE MORTGAGE COSTS, ALLOWING PARTNER FAMILIES TO STRETCH PRECIOUS RESOURCES. MORTGAGE DISCOUNTS ARE EXPENSED AND AMORTIZED ON THOSE MORTGAGE LOANS THAT ARE HELD IN-HOUSE, RATHER THAN BEING SOLD TO ASSET RECOVERY PROGRAMS LIKE TENNESSEE HOUSING DEVELOPMENT AGENCIES NEW START PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Jens Christensen
President & CEO
$65,577
Brant Mason
CFO
$65,200
Tenasa Mcghee
Cao
$63,810
Patrick Daugherty
Board Chairperson
$0
Tony Sanders
Board Treasurer
$0
Gina Dhanani
Governance Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Chavez Drywall
Construction
$164,861
Ht Tennessee
Rent
$174,240
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,026,050
Investment income $124
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $62,443
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $29,542
Miscellaneous Revenue$0
Total Revenue $2,781,839

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Habitat For Humanity Of Greater Chattanooga has recieved totaling $30,000.

Awarding OrganizationAmount
Mckenzie Foundation

Chattanooga, TN

PURPOSE: OPERATING FUNDS

$30,000
View Grant Recipient Profile

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