Central Oklahoma Habitat For Humanity Inc
- Assets
- $15.9m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 47
- Location
- Oklahoma City, OK
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 73-1305668
Organization Overview
Central Oklahoma Habitat For Humanity Inc is located in Oklahoma City, OK. The organization was established in 2014. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Central Oklahoma Habitat For Humanity Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Oklahoma Habitat For Humanity 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, Central Oklahoma Habitat For Humanity Inc generated $9.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $8.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL OKLAHOMA HABITAT BUILDS HOUSES FOR THE ECONOMICALLY DISADVANTAGED.
Describe the Organization's Program Activity:
CENTRAL OKLAHOMA HABITAT FOR HUMANITY INC. IS A CHRISTIAN HOUSING MINISTRY THAT WORKS WITH ECONOMICALLY DISADVANTAGED PEOPLE TO HELP IMPROVE THE CONDITIONS IN WHICH THEY LIVE. THE ORGANIZATION USES CAPITAL PROVIDED THROUGH CASH AND IN-KIND CONTRIBUTIONS AS WELL AS OTHER REVENUE GENERATING ACTIVITIES TO BUILD OR RENOVATE HOMES FOR THE INADEQUATELY SHELTERED. THROUGH JUNE 2020, THE HOUSES WERE SOLD WITH A NON-INTEREST-BEARING MORTGAGE WHICH ARE TYPICALLY REPAID OVER A PERIOD OF TWENTY-FIVE YEARS. BEGINNING IN JUNE 2020, THE ORGANIZATION BEGAN PARTNERING WITH THIRD-PARTY LENDERS WHO HAVE AGREED TO FINANCE CERTAIN HOME SALES.STATEMENT CONTINUED ON SCHEDULE O.THIRTY-FIVE LIMITED INCOME HOMEOWNERS PURCHASED HOUSES IN THE YEAR ENDED JUNE 30, 2021. THESE WERE NEW HOUSES BUILT BY CENTRAL OKLAHOMA HABITAT FOR HUMANITY. THESE HOUSES ARE BUILT USING SOME DONATED MATERIALS AND LABOR AND SOLD AT COST AT A BELOW MARKET INTEREST RATE. MORTGAGE PAYMENTS ARE RECYCLED TO HELP BUILD MORE NEW HOMES, REDUCING OUR NEED FOR FUNDRAISING.
CENTRAL OKLAHOMA HABITAT FOR HUMANITY'S RESTORES SERVE OUR MISSION OF BUILDING HOMES, COMMUNITIES AND HOPE. IN ORDER TO FUND THAT MISSION, WE SELL NEW AND USED ITEMS, SUCH AS BUILDING SUPPLIES, APPLIANCES, FURNITURE AND OTHER HOUSEHOLD ITEMS IN OUR RESTORES. THE HABITAT RESTORES PROVIDE A MORE AFFORDABLE CHOICE FOR HOME IMPROVEMENT PROJECTS, ALL WHILE KEEPING PERFECTLY GOOD ITEMS FROM THE LANDFILL. PROCEEDS FROM SALES AT OUR TWO RESTORES HELP CREATE AND PRESERVE HOMEOWNERSHIP IN CENTRAL OKLAHOMA.
WEATHERIZATION AND/OR REPAIRS WERE COMPLETED FOR 14 LOW-INCOME HOMEOWNERS BEGINNING JULY 1, 2020 AND ENDING JUNE 30, 2021. DURING FYE 06/30/2021 CONTRIBUTIONS TOTALED $28,500.
MISCELLANEOUS ITEMS SUCH AS AMORTIZATION OF MORTGAGE DISCOUNT, SALE OF TAX CREDITS, ENERGY REBATES, AS WELL AS OTHER PROGRAM EXPENSE AND INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Felton Gilliland Chairman & CEO | OfficerTrustee | 50 | $211,877 |
Sonja Potts Chief Operating Officer | 50 | $110,280 | |
Reagan Carrera Controller | Officer | 50 | $102,033 |
Henry Bockus Director | Trustee | 2 | $5,500 |
Carolyn Roberts Secretary | OfficerTrustee | 2 | $0 |
Sherry Strebel Assistant Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Albert Chambers Electrical Services | 6/29/21 | $147,429 |
Mvl Innovation Masonry Llc Roofing Services | 6/29/21 | $108,340 |
Freestyle Productions Llc Advertising/public Relations | 6/29/21 | $136,076 |
The Cryder Group Advertising/public Relations | 6/29/21 | $257,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $459,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,056,614 |
| Noncash contributions included in lines 1a–1f | $443,341 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,516,214 |
| Total Program Service Revenue | $4,451,641 |
| Investment income | $210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,664 |
| Net Rental Income | $7,000 |
| Net Gain/Loss on Asset Sales | $150,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,497,636 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,628,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,000 |
| 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. | $340,921 |
| Compensation of current officers, directors, key employees. | $204,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,033,380 |
| Pension plan accruals and contributions | $49,814 |
| Other employee benefits | $284,144 |
| Payroll taxes | $180,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,564 |
| Advertising and promotion | $449,671 |
| Office expenses | $234,637 |
| Information technology | $144,475 |
| Royalties | $0 |
| Occupancy | $88,272 |
| Travel | $39,868 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $111,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,577 |
| Insurance | $0 |
| All other expenses | $103,984 |
| Total functional expenses | $8,471,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568 |
| Savings and temporary cash investments | $587,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,920 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,172,923 |
| Prepaid expenses and deferred charges | $69,869 |
| Net Land, buildings, and equipment | $5,252,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,834,361 |
| Intangible assets | $0 |
| Other assets | $8,667 |
| Total assets | $15,945,462 |
| Accounts payable and accrued expenses | $516,798 |
| 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 | $1,859,815 |
| Unsecured mortgages and notes payable | $615,800 |
| Other liabilities | $0 |
| Total liabilities | $2,992,413 |
| Net assets without donor restrictions | $12,775,112 |
| Net assets with donor restrictions | $177,937 |
| 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 | $15,945,462 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Central Oklahoma Habitat For Humanity Inc has recieved totaling $230,465.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $142,038 |
7 Eleven Foundation Oklahoma City, OK PURPOSE: GENERAL FUND | $50,000 |
Love Meyer Family Foundation Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $11,000 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $5,200 |
Rulewicz Foundation Edmond, OK PURPOSE: FINANCIAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Multifamly Housing Corporation Temple, TX | $162,876,921 | $14,871,130 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Christian Community Action Lewisville, TX | $16,536,025 | $11,902,772 |
Central Oklahoma Habitat For Humanity Inc Oklahoma City, OK | $15,945,462 | $9,628,435 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Rebuilding Together Houston Houston, TX | $2,380,403 | $3,485,226 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Habitat For Humanity International Inc Joplin, MO | $7,929,648 | $3,491,454 |
San Antonio Housing Trust Foundation Inc San Antonio, TX | $7,282,965 | $2,625,653 |
Community Enhancement Corporation Oklahoma City, OK | $19,292,408 | $1,589,887 |
Tri-State Family Ymca Neosho, MO | $4,720,374 | $2,158,931 |