Habitat For Humanity International Inc
- Assets
- $1.8m
- Revenue
- $472.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Wichita Falls, TX
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 75-2405936
Organization Overview
Habitat For Humanity International Inc is located in Wichita Falls, TX. 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 06/2023, Habitat For Humanity International Inc employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habitat For Humanity International 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 06/2023, Habitat For Humanity International Inc generated $472.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $464.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HABITAT FOR HUMANITY OF WICHITA FALLS, INC. IS A CHRISTIAN HOUSING MINISTRY THAT WORKS IN PARTNERSHIP WITH GOD'S PEOPLE IN NEED TO BUILD DECENT, AFFORDABLE HOUSING AND REVITALIZE NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HABITAT FOR HUMANITY OF WICHITA FALLS, INC. (HFHWF) CREATES AFFORDABLE HOME OWNERSHIP BY MATCHING SITES TO FAMILIES, THEN ENGAGES THE FAMILY AND COMMUNITY VOLUNTEERS TO BUILD OR REHAB THE HOME USING DONATED LABOR, MATERIALS, AND CONTRIBUTED FUNDS. IN THE YEAR ENDED JUNE 30, 2023, HFHWF BUILT AND SOLD 1 NEW HOME TO A QUALIFYING FAMILY, AND REHABILITATED AND SOLD 0 (ZERO IN FYE 6/30/23) ADDITIONAL HOMES. OVER 1261 MEMBERS OF THE COMMUNITY JOINED WITH HFHWF BY VOLUNTEERING THEIR TIME, AND DONATING SERVICES AND MATERIALS TO BUILD THESE HOMES. HFHWF SERVED 8 NEW FAMILY MEMBERS THROUGHOUT THE YEAR SHARING THE LOVE OF CHRIST AND WORKING TO PROVIDE DECENT AFFORDABLE HOUSING.
LONG-TERM MORTGAGE FINANCING IS THE KEY COMPONENT THAT MAKES HFHWF HOMES AFFORDABLE. HOMES ARE SOLD TO LOCAL LOW-INCOME FAMILIES THAT EARN LESS THAN 65% OF THE MEDIAN INCOME FOR WICHITA FALLS. HOMEBUYERS ARE PROVIDED WITH AN AFFORDABLE MORTGAGE BASED ON THEIR INCOME.
HFHWF OPERATES A RESTORE PROGRAM, A HOME GOODS RECYCLING AND DISCOUNT BUILDING MATERIALS STORE THAT PROVIDES A RESOURCE TO LOW-INCOME HOUSEHOLDS AS WELL AS REVENUE FOR HFHWF OPERATIONS. THIS PROGRAM INCREASES THE ASSETS AVAILABLE TO TARGETED FAMILIES AND COMMUNITIES, AND INCREASES THE OPPORTUNITY FOR LOW-INCOME OWNER-OCCUPIED HOUSING MAINTENANCE AND REPAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Barton Director | Trustee | 0.3 | $0 |
Hank Rugeley Director | Trustee | 0.3 | $0 |
Curtis Cannedy Treasurer | OfficerTrustee | 1.5 | $0 |
Kristine Thueson Director | Trustee | 0.3 | $0 |
Thomas Bacus Director | Trustee | 0.3 | $0 |
Mitchell Hill Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,290 |
| Related organizations | $0 |
| Government grants | $5,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,815 |
| Noncash contributions included in lines 1a–1f | $143,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,231 |
| Total Program Service Revenue | $172,284 |
| Investment income | $2,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,953 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,756 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $46,600 |
| Compensation of current officers, directors, key employees. | $15,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,749 |
| Advertising and promotion | $41 |
| Office expenses | $8,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,280 |
| Travel | $152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,463 |
| Payments to affiliates | $1,469 |
| Depreciation, depletion, and amortization | $15,797 |
| Insurance | $21,532 |
| All other expenses | $0 |
| Total functional expenses | $464,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,020 |
| Savings and temporary cash investments | $449,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $394 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $932,329 |
| Inventories for sale or use | $8,043 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $170,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,367 |
| Total assets | $1,808,598 |
| Accounts payable and accrued expenses | $10,507 |
| Grants payable | $0 |
| Deferred revenue | $11,247 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,754 |
| Net assets without donor restrictions | $1,742,474 |
| Net assets with donor restrictions | $44,370 |
| 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 | $1,808,598 |