Waco Habitat For Humanity
- Assets
- $4.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 15
- Location
- Waco, TX
- Founding
- 11/1986
- Data as of
- 06/2022
- EIN
- 75-2130884
Organization Overview
Waco Habitat For Humanity is located in Waco, TX. The organization was established in 1986. 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, Waco Habitat For Humanity employed 15 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Waco Habitat For Humanity 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, Waco Habitat For Humanity generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $758.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. 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
WACO HABITAT IS A NON-PROFIT, ECUMENICAL CHRISTIAN HOUSING MINISTRY THAT SEEKS TO PROVIDE A DECENT HOUSE IN A DECENT COMMUNITY AT AN AFFORDABLE COST WITH ZERO-INTEREST LOANS TO LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HOME CONSTRUCTION AND REHABS- WHFH USES PRIMARILY VOLUNTEER LABOR TO BUILD AFFORDABLE HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES. HOMES ARE SOLD TO THE FAMILIES AT COST WITH A ZERO-INTEREST MORTGAGE. HOMEBUYERS MUST CONTRIBUTE VOLUNTEER LABOR TO BUILD THEIR OWN HOMES AND THOSE OF OTHER HABITAT FAMILIES. IN THE PERIOD OF JULY 2021 - JUNE 2022, WHFH COMPLETED 1 NEW HOMES. TOTAL HOMES SOLD IS 178. WACO HABITAT ALSO CONTRIBUTED $18,000 TO CONSTRUCT 4 HOMES IN EL SALVADOR AND NICARAGUA. PROVIDING ZERO-INTEREST MORTGAGES TO LOW-INCOME FAMILIES-WACO HABITAT FOR HUMANITY SELLS HOMES AT COST THROUGH ZERO-INTEREST MORTGAGES, MAKING HOMEOWNERSHIP POSSIBLE FOR VERY LOW-INCOME FAMILIES. AS OF JUNE 30, 2022, WHFH HAD 102 ACTIVE MORTAGES. HOMEOWNER SUPPORT SERVICES-PROVIDING PRE-PURCHASE EDUCATION, BUDGET COUNSELING, AND ONGOING EDUCATIONAL AND NOMINAL SOCIAL SERVICES FOR FAMILIES THAT PURCHASE HABITAT HOMES. PUBLIC AWARENESS & EDUCATION-INFORMING THE GENERAL PUBLIC ABOUT THE NEED FOR AFFORDABLE HOUSING AND HABITAT FOR HUMANITY'S PARTNERSHIP HOUSING PROGRAM.
CRITICAL HOME REPAIRS- WHFH PERFORMS CRITICAL HOME REPAIRS FOR LOW-INCOME HOMEOWNERS. IN ADDITION, WHFH BUILDS WHEELCHAIR RAMPS FOR LOW-INCOME HOMEOWNERS. IN THE PERIOD OF JULY 2021-JUNE 2022, WHFH COMPLETED 63 HOME REPAIR PROJECTS. TOTAL COMPLETED HOME REPAIR PROJECTS IS 440.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Alexander Executive Director | Officer | 40 | $76,892 |
Justus Lindsey President | OfficerTrustee | 2 | $0 |
Diana Ward Treasurer | OfficerTrustee | 2 | $0 |
Diane Mason Secretary | OfficerTrustee | 2 | $0 |
Charles Mcdaniel Vice President | OfficerTrustee | 2 | $0 |
Christy Dobranski Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,214 |
| Related organizations | $0 |
| Government grants | $4,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,266,403 |
| Noncash contributions included in lines 1a–1f | $46,509 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,323,117 |
| Total Program Service Revenue | $359,685 |
| Investment income | $3,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,392 |
| Net Gain/Loss on Asset Sales | $4,278 |
| Net Income from Fundraising Events | -$3,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,688,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,000 |
| 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. | $87,250 |
| Compensation of current officers, directors, key employees. | $31,707 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,839 |
| Pension plan accruals and contributions | $4,629 |
| Other employee benefits | $14,536 |
| Payroll taxes | $22,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,039 |
| Fees for services: Other | $0 |
| Advertising and promotion | $589 |
| Office expenses | $29,882 |
| Information technology | $8,747 |
| Royalties | $0 |
| Occupancy | $25,499 |
| Travel | $10,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,735 |
| Insurance | $13,894 |
| All other expenses | $18,372 |
| Total functional expenses | $758,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,059,031 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,298 |
| Net Land, buildings, and equipment | $1,090,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,518,190 |
| Total assets | $4,171,989 |
| Accounts payable and accrued expenses | $0 |
| 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 | $155,455 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,880 |
| Total liabilities | $234,335 |
| Net assets without donor restrictions | $3,937,654 |
| Net assets with donor restrictions | $0 |
| 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 | $4,171,989 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Waco Habitat For Humanity has recieved totaling $104,408.
| Awarding Organization | Amount |
|---|---|
Waco Foundation Waco, TX PURPOSE: BUILDING/RENOVATION | $35,951 |
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $29,111 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $14,459 |
Waco Foundation Waco, TX PURPOSE: SIGN; OPERATING SUPPORT | $13,887 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $137,126 |
| Earnings | -$13,716 |
| Admin Expense | $1,039 |
| Ending Balance | $122,371 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Health Presbyterian Hospital Kaufman Kaufman, TX | $17,114,303 | $46,511,695 |
Crossroads Housing Development Corporation Big Spring, TX | $1,430,723 | $31,698,100 |
Foundation Communities Inc Austin, TX | $201,792,213 | $44,085,347 |
Austin Affordable Housing Corporation Austin, TX | $189,492,836 | $40,972,198 |
Foundation Communities Austin, TX | $78,215,940 | $25,689,954 |
Tcc Hill Country Development Corporation Austin, TX | $11,234,408 | $22,073,361 |
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |