Habitat For Humanity International Inc
- Assets
- $7.2m
- Revenue
- $967.2k
- Investments
- $0.0
- Employees
- 16
- Location
- Lafayette, CO
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 84-1229714
Organization Overview
Habitat For Humanity International Inc, operating under the name Flatirons Habitat For Humanity, is located in Lafayette, CO. 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 06/2021, Flatirons Habitat For Humanity employed 16 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Flatirons 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 06/2021, Flatirons Habitat For Humanity generated $967.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE DECENT AFFORDABLE HOUSING FOR THOSE IN NEED AND MAKE SHELTER A MATTER OF CONSCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLATIRONS HABITAT FOR HUMANITY (FHFH) CONSTRUCTS HOMES FOR LOW INCOME FAMILIES. EACH HOME IS SOLD TO A LOW INCOME FAMILY THAT PARTNERED WITH FHFH THROUGH INVESTMENT OF "SWEAT EQUITY" IN THEIR HOME. HOME OWNERSHIP FOR ALL FLATIRONS HABITAT FAMILIES IS FACILITATED THROUGH THE USE OF LOW INTEREST MORTGAGES. THE COST OF HABITAT HOMES IS REDUCED THROUGH THE USE OF VOLUNTEER LABOR AND HOMES ARE SOLD TO THE HOMEOWNERS AT NO PROFIT TO HABITAT. FHFH SUBSIDIZES THE CONSTRUCTION AND FAMILY SERVICES OPERATING COSTS NECESSARY TO BUILD ITS HOMES.
FLATIRONS HABITAT FOR HUMANITY (FHFH) PROVIDES ZERO INTEREST MORTGAGES TO ITS HOMEOWNERS WHEN NEW MORTGAGES ARE SET UP. HISTORICALLY, THESE MORTGAGES WERE DISCOUNTED AT AN INTEREST RATE SET BY THE AFFILIATE BASED ON HABITAT INTERNATIONAL, OTHER LOCAL AFFILIATES, THE 30-YEAR INTEREST RATE AND THE PERCEIVED RISK OF THE AFFILIATE'S MORTGAGE HOLDERS. AS HOMEOWNERS PAY DOWN THEIR MORTGAGES, FHFH RECOGNIZES INCOME FROM MORTGAGE DISCOUNT AMORTIZATION. IN RECENT YEAR, FHFH HAS PARTNERED WITH A LOCAL BANK TO PROVIDE AFFORDABLE MORTGAGES WHEREIN THE BANK IS THE LENDER. FHFH RECEIVES PROCEEDS AT THE TIME OF THE HOME SALE.
FLATIRONS HABITAT FOR HUMANITY (FHFH) MEETS THE HUGE NEED FOR AFFORDABLE HOUSING, BOTH RENTAL AND OWNERSHIP IN OUR AFFILIATE SERVICE AREA, THE ORGANIZATION OFFERS RENTAL UNITS TO LOW INCOME FAMILIES AND OLDER ADULTS IN PARTNERSHIP WITH BROOMFIELD HUMAN SERVICES, OTHER LOCAL NONPROFITS, AND FOR OUR PARTNER FAMILIES WHO EXPERIENCE HOUSING INSTABILITY WHILE WORKING TO PURCHASE THEIR HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Lythgoe Executive Director | Officer | 40 | $105,000 |
Jeremy Syz Vice President | OfficerTrustee | 3 | $0 |
John Bosio President | OfficerTrustee | 3 | $0 |
Scott Aylor Treasurer | OfficerTrustee | 1 | $0 |
Annmarie Jensen Director | Trustee | 1 | $0 |
Hailey Van Wormer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Magnolia Excavating | 6/29/19 | $115,296 |
Mct Concrete Work | 6/29/19 | $103,891 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,095,804 |
| Government grants | $293,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,149 |
| Noncash contributions included in lines 1a–1f | $13,808 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,757,180 |
| Total Program Service Revenue | $123,862 |
| Investment income | $11,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,005,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$67,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $967,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $116,280 |
| Compensation of current officers, directors, key employees. | $11,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $473,957 |
| Pension plan accruals and contributions | $9,356 |
| Other employee benefits | $56,256 |
| Payroll taxes | $42,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,835 |
| Fees for services: Accounting | $95,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,542 |
| Advertising and promotion | $17,862 |
| Office expenses | $42,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,015 |
| Travel | $2,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,367 |
| Payments to affiliates | $20,425 |
| Depreciation, depletion, and amortization | $39,814 |
| Insurance | $99,734 |
| All other expenses | $0 |
| Total functional expenses | $1,450,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,233 |
| Savings and temporary cash investments | $674,744 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $450,014 |
| Inventories for sale or use | $1,620 |
| Prepaid expenses and deferred charges | $19,208 |
| Net Land, buildings, and equipment | $5,992,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,159 |
| Total assets | $7,183,715 |
| Accounts payable and accrued expenses | $342,885 |
| Grants payable | $0 |
| Deferred revenue | $2,112 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,435 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $720,000 |
| Unsecured mortgages and notes payable | $1,300,823 |
| Other liabilities | $728,451 |
| Total liabilities | $3,110,706 |
| Net assets without donor restrictions | $2,692,858 |
| Net assets with donor restrictions | $1,380,151 |
| 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 | $7,183,715 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Habitat For Humanity International Inc has recieved totaling $375,137.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $153,604 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: Housing | $106,250 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $95,478 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,150 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,767 |
Community Shares Of Colorado Inc Denver, CO PURPOSE: OPERATING GRANT | $5,888 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Save The Family Foundation Of Arizona Mesa, AZ | $6,981,907 | $8,677,083 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |