Habitat For Humanity Of Metro Denver Inc
- Assets
- $70.8m
- Revenue
- $42.2m
- Investments
- $9.0m
- Employees
- 167
- Location
- Denver, CO
- Founding
- 09/1979
- Data as of
- 06/2022
- EIN
- 74-2050021
Organization Overview
Habitat For Humanity Of Metro Denver Inc is located in Denver, CO. The organization was established in 1979. 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 Metro Denver Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Humanity Of Metro Denver 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 Metro Denver Inc generated $42.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $23.6m during the year ending 06/2022. While expenses have increased by 8.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.
Describe the Organization's Program Activity:
HABITAT FOR HUMANITY OF METRO DENVER, INC. IS AN AFFORDABLE HOMEOWNERSHIP PROGRAM. WE BUILD NEW AND REHABILITATE EXISTING HOMES TO SELL TO PARTNER FAMILIES WHOSE INCOME IS 80% OR LESS OF THE AREA MEDIAN INCOME. THROUGH THE NEIGHBORHOOD REVITALIZATION PROGRAM, WE ALSO PROVIDE CRITICAL EXTERIOR REPAIRS TO QUALIFYING HOMEOWNERS. IN FY22, HABITAT BUILT AND SOLD 20 HOMES AND 27 RENOVATED HOMES AND CONTINUED THE HOME REPAIR PROGRAM WITH 87 HOMES. WE ALSO SUPPORTED THE CONSTRUCTION OF 224 HOMES WITH HABITAT FOR HUMANITY PARTNERS AROUND THE WORLD. ALTOGETHER, WE SERVED 371 FAMILIES IN FY22.CONTINUED ON SCHEDULE O.FAMILIES APPLY TO PARTICIPATE IN OUR HOMEOWNERSHIP PROGRAM, AND THOSE WHO QUALIFY ARE: 1) CURRENTLY IN NEED OF DECENT, STABLE, AND AFFORDABLE HOUSING, 2) MEET OUR FINANCIAL REQUIREMENTS, AND 3) WILLING TO HELP BUILD THEIR HOME AND MEET OTHER PARTNERSHIP REQUIREMENTS. OUR HOMEOWNER FAMILIES PARTICIPATE IN HOME BUYER EDUCATION CLASSES WHICH HELP FOSTER INCREASED ECONOMIC INDEPENDENCE AND SELF-RELIANCE, AND THEY ALSO CONTRIBUTE SWEAT-EQUITY TO HELP BUILD THEIR OWN HOME, AS WELL AS THE HOMES OF OTHER HABITAT FAMILIES. HOMES ARE SOLD WITH NO PROFIT MOTIVE, USING BELOW-MARKET INTEREST RATE LOANS. THEIR MONTHLY MORTGAGE PAYMENT HELPS TO FUND MORE HABITAT HOMES.
THE HABITAT RESTORES SUPPLY NEW AND USED BUILDING MATERIALS DONATED BY INDIVIDUALS, MANUFACTURERS, BUSINESSES AND CONTRACTORS AT AFFORDABLE PRICES TO THE METRO DENVER COMMUNITY. THE RESTORES SUPPORT THE DEVELOPMENT OF DECENT AFFORDABLE HOUSING FOR HARD-WORKING, LOW-INCOME FAMILIES. WE KEEP VALUABLE ITEMS OUT OF LANDFILLS, RECYCLE USABLE GOODS, SUPPORT THE VISION OF ERADICATING POVERTY HOUSING AND OFFER OPPORTUNITIES FOR INDIVIDUALS AND GROUPS TO VOLUNTEER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Lafferty Ceo/executive Director | Officer | 40 | $173,772 |
Mike Criner Chief Operating Officer | Officer | 40 | $141,294 |
Lori Pidick Chief Development Officer | Officer | 40 | $132,651 |
Maria Sepulveda VP Of Community & Gov Part | Officer | 40 | $115,535 |
Dana Griffin SVP People And Culture | Officer | 40 | $107,228 |
Robert Chaney Director Homebuyer And Lending Programs | 40 | $100,060 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
3d-plumbing Plumbing | 6/29/22 | $289,735 |
Arapahoe Concrete Inc Concrete | 6/29/22 | $253,301 |
Eastside Heating & Air Conditioning Hvac | 6/29/22 | $363,636 |
Penske Truck Leasing Co Lp Truck Rental | 6/29/22 | $146,008 |
Studio Completiva Inc Landscape & Architectural Services | 6/29/22 | $257,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $351,274 |
| Related organizations | $0 |
| Government grants | $1,803,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,141,098 |
| Noncash contributions included in lines 1a–1f | $162,238 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,295,902 |
| Total Program Service Revenue | $10,595,945 |
| Investment income | $110,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $136,674 |
| Net Gain/Loss on Asset Sales | $5,127,400 |
| Net Income from Fundraising Events | -$15,290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,558,583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,173,112 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,189,416 |
| 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. | $1,044,055 |
| Compensation of current officers, directors, key employees. | $396,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,317,896 |
| Pension plan accruals and contributions | $136,294 |
| Other employee benefits | $693,660 |
| Payroll taxes | $452,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,846 |
| Fees for services: Accounting | $171,673 |
| Fees for services: Lobbying | $107,501 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $118,531 |
| Fees for services: Other | $206,029 |
| Advertising and promotion | $408,978 |
| Office expenses | $586,666 |
| Information technology | $343,589 |
| Royalties | $0 |
| Occupancy | $1,089,553 |
| Travel | $84,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,030 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,078 |
| Insurance | $326,949 |
| All other expenses | $254,645 |
| Total functional expenses | $23,579,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,474,655 |
| Savings and temporary cash investments | $17,737,693 |
| Pledges and grants receivable | $84,577 |
| Accounts receivable, net | $2,075,758 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,967,425 |
| Inventories for sale or use | $556,134 |
| Prepaid expenses and deferred charges | $1,350,433 |
| Net Land, buildings, and equipment | $3,114,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,044,751 |
| Investments—program-related | $3,005,543 |
| Intangible assets | $0 |
| Other assets | $12,410,826 |
| Total assets | $70,822,566 |
| Accounts payable and accrued expenses | $2,113,124 |
| Grants payable | $0 |
| Deferred revenue | $63,139 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $61,700 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,227,982 |
| Unsecured mortgages and notes payable | $2,893,822 |
| Other liabilities | $392,166 |
| Total liabilities | $15,751,933 |
| Net assets without donor restrictions | $51,146,964 |
| Net assets with donor restrictions | $3,923,669 |
| 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 | $70,822,566 |
Grants Awarded
Over the last fiscal year, Habitat For Humanity Of Metro Denver Inc has awarded $1,189,416 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Americus, GA PURPOSE: SUPPORT LOW INCOME HOUSING CONSTRUCTION IN FOREIGN COUNTRIES | $1,007,000 |
COLORADO COMMUNITY LAND TRUST-DENVER LLC PURPOSE: AFFORDABLE HOUSING | $182,416 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Habitat For Humanity Of Metro Denver Inc has recieved totaling $42,150.
| Awarding Organization | Amount |
|---|---|
Benson Family Foundation Evergreen, CO PURPOSE: GENERAL SUPPORT | $40,000 |
Morsman Family Foundation Minnetonka, MN PURPOSE: LOW INCOME HOUSING. | $2,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity Of Metro Denver Inc Denver, CO | $70,822,566 | $42,173,112 |
Habitiat For Humanity International Inc Phoenix, AZ | $49,124,260 | $16,139,119 |
Habitat For Humanity International Inc Loveland, CO | $8,584,171 | $4,942,731 |
Habitat For Humanity International Inc Santa Fe, NM | $7,331,212 | $3,678,307 |
Habitat For Humanity International Inc Salt Lake City, UT | $4,283,164 | $2,509,609 |
Kansas Statewide Homeless Coalition Inc Lawrence, KS | $399,544 | $1,901,245 |
Habitat For Humanity International Orem, UT | $6,795,799 | $1,786,482 |
Mercy Housing Midwest Denver, CO | $1,463,827 | $1,299,347 |
Region Iv Inc Wayne, NE | $5,627,016 | $960,778 |
Mercy Housing Southwest Denver, CO | $312,555 | $448,549 |
Habitat For Humanity International Inc Tahlequah, OK | $1,639,219 | $536,393 |
Habitat For Humanity International Inc Salina, KS | $1,621,504 | $253,192 |