← HABITAT FOR HUMANITY INTERNATIONAL INC

Form 990 for tax year 2023

Filed by HABITAT FOR HUMANITY INTERNATIONAL INC.

Totals

Total revenue: $2,498,560
Total expenses: $1,500,541
Contributions and grants received: $1,304,183
Grants paid: $0
Program service revenue: $1,077,991
Investment income: $21,163
Other revenue: $95,223
Total assets, end of year: $3,528,742
Total liabilities, end of year: $807,814
Net assets or fund balances, end of year: $2,720,928
Program services expenses (Part IX): $1,289,669
Management and general expenses: $162,214
Fundraising expenses: $48,658
Program service expenses (Part III): $1,289,669

Program services were 85.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$1,304,183
1g · Noncash contributions included above

$163,286
2a · Program service revenue: HOMEOWNERSHIP PROGRAM

total $632,510 · related or exempt $632,510
2b · Program service revenue: BOONE COUNTY RESTORE

total $445,481 · related or exempt $445,481
3 · Investment income

total $17,663 · excluded $17,663
7a · Gross sales of assets other than inventory

other assets $3,500
7b · Less cost or other basis and sales expenses

other assets $0
7c · Gain or loss

other assets $3,500
7d · Net gain or loss

total $3,500 · related or exempt $3,500
8a · Fundraising events: gross income

$124,134
8b · Fundraising events: direct expenses

$29,016
8c · Net income from fundraising events

total $95,118 · excluded $95,118
11a · Other revenue: OTHER INCOME

total $105 · related or exempt $105
11e · Other revenue, total

$105

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $64,289 · program services $40,502 · management and general $19,287 · fundraising $4,500
7 · Other salaries and wages

total $186,145 · program services $117,272 · management and general $55,843 · fundraising $13,030
10 · Payroll taxes

total $19,372 · program services $12,204 · management and general $5,812 · fundraising $1,356
11b · Fees: legal

total $8,355 · management and general $8,355
11c · Fees: accounting

total $3,931 · management and general $3,931
12 · Advertising and promotion

total $3,278 · program services $3,278
13 · Office expenses

total $10,553 · management and general $10,553
14 · Information technology

total $18,349 · program services $9,542 · management and general $2,752 · fundraising $6,055
16 · Occupancy

total $185,559 · program services $158,968 · management and general $26,591
21 · Payments to affiliates

total $15,000 · program services $15,000
22 · Depreciation, depletion and amortization

total $4,713 · program services $4,575 · management and general $138
23 · Insurance

total $15,364 · management and general $15,364
24a · Other expenses: COST OF HOUSE CONSTRUCT

total $561,109 · program services $561,109
24b · Other expenses: MORTGAGE DISCOUNTS

total $322,080 · program services $322,080
24c · Other expenses: MISCELLANEOUS FUNDRAISI

total $23,717 · fundraising $23,717
24d · Other expenses: VOLUNTEER EXPENSES

total $20,700 · program services $20,700
24e · All other expenses

total $38,027 · program services $24,439 · management and general $13,588

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $203,072 · end of year $241,929
2 · Savings and temporary cash investments

beginning of year $45,288 · end of year $641,340
3 · Pledges and grants receivable

beginning of year $0 · end of year $268,005
4 · Accounts receivable

beginning of year $0 · end of year $11,680
7 · Other notes and loans receivable

beginning of year $2,527,041 · end of year $1,195,782
8 · Inventories for sale or use

beginning of year $14,430 · end of year $15,030
10a · Land, buildings and equipment: cost or other basis

$308,289
10b · Land, buildings and equipment: accumulated depreciation

$45,094
10c · Land, buildings and equipment, net

beginning of year $299,842 · end of year $263,195
15 · Other assets

beginning of year $46,570 · end of year $891,781
17 · Accounts payable and accrued expenses

beginning of year $12,991 · end of year $11,085
19 · Deferred revenue

beginning of year $2,500 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $796,729
27 · Net assets without donor restrictions

beginning of year $3,120,752 · end of year $2,065,070
28 · Net assets with donor restrictions

end of year $655,858

Mission and programs · 2023

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY OF BOONE COUNTY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. WE ARE DEDICATED TO PROVIDING FAIR AND EQUAL HOUSING TO OUR BOONE COUNTY COMMUNITY. WE ARE PROUD TO BE A LEADER IN BRINGING RACIAL EQUALITY THROUGH AFFORDABLE HOUSING TO OUR COMMUNITY.

Activities or mission (Part I)

HOMEOWNERSHIP PROGRAM: FAMILIES IN NEED OF A DECENT, DURABLE PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT FOR HUMANITY OF BOONE COUNTY HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE FAMILY NEEDS OF THE HOMEOWNER, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFECIENT BUILDING METHODS, KEEPING THE HOUSE SIZE MODEST, USING DONATED CONSTRUCTION MATERIALS AND APPLIANCES, AND ISSUING NO-PROFIT LOANS, HABITAT MAKES ITS HOUSES AFFORDABLE FOR LOW-INCOME FAMILIES TO PURCHASE AND ALLOWS FAMILIES TO IMPROVE THEIR LIVING CONDITIONS, INVEST IN THE COMMUNITY, AND PROVIDE FOR FUTURE GROWTH. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITIONS THAT ALLEVIATE FAMILIES FROM INSTABILITY STRESS AND FEAR AND ENCOURAGE SELF -RELIANCE AND CONFIDENCE. MORTGAGES ARE STRUCTURED SO THAT FAMILIES PAY LESS THAN 28% OF THEIR MONTHLY INCOME TOWARD HOUSING COSTS. STUDIES SHOW THAT STRONG AND STABLE HOUSEHOLDS ARE FOUNDATIONAL TO CHILD DEVELOPMENT AND GROWTH. WHEN A HOME FOSTERS - INSTEAD OF HINDERS - HEALTH AND SAFETY, FAMILIES CAN FLOURISH. OWNING AN AFFORDABLE HOME ALSO ALLOWS HOMEOWNERS TO LIFT UP THEIR ENTIRE FAMILY BY SAVING FOR THEIR FUTURES AND INVESTING IN EDUCATIONAL OPPORTUNITIES, BOLSTERING JOB OPPORTUNITIES AND CAREER GROWTH. DURING 2023, HABITAT FOR HUMANITY OF BOONE COUNTY SERVED 3 ADULTS AND 7 CHILDREN THROUGH ITS LONG TERM HOMEOWNERSHIP PROGRAM.

Expenses $1,038,797 · Revenue $636,115
BOONE COUNTY RESTORE: THE BOONE COUNTY RESTORE IS A HOME GOODS STORE SUPPORTED BY LOCAL DONATIONS THAT ARE SOLD TO THE GENERAL PUBLIC AT REDUCED PRICES. THE RESTORE HAS BEEN IN OPERATION SINCE 2018. BY SELLING GENTLY USED ITEMS, THE BOONE COUNTY RESTORE REDUCES LANDFILL BURDEN, PROVIDES EMPLOYMENT OPPORTUNITIES, AND ENCOURAGES VOLUNTEERISM THROUGH ITS STOREFRONT OPERATION. DURING THE 2023 CALENDER YEAR, THE BOONE COUNTY RESTORE KEPT APPROXIMATELY 400 TONS OF WASTE OUT OF THE LANDFILL, EMPLOYED THREE INDIVIDUALS, HOSTED OVER 48 VOLUNTEERS WORKING MORE THAN 6,586 HOURS, AND PROVIDED AFFORDABLE HOME GOODS TO OVER 9,700 SHOPPERS. FUNDS GENERATED THROUGH THE SALE OF DONATED ITEMS WORK IN TANDEM WITH OTHER REVENUE GENERATING PROGRAMS TO SUPPORT THE HABITAT FOR HUMANITY OF BOONE COUNTY'S AFFORDABLE HOUSING MISSION WORK.

Expenses $250,872 · Revenue $445,481
FINANCIAL AND HOMEBUYER EDUCATION PROGRAMS: AS PART OF THE HOMEOWNERSHIP PROCESS, HABITAT FOR HUMANITY OF BOONE COUNTY BELIEVES FINANCIAL EDUCATION BUILDS A MORE SOLID FOUNDATION FOR LONG-TERM PERSONAL SUCCESS AND HELPS ALLEVIATE ANY CONCERNS OR BARRIERS ON THE PATH TO HOMEOWNERSHIP. DURING THESE FINANCIAL EDUCATION CLASSES, WE COVER TOPICS SUCH AS BUDGETING; CREDIT CARDS AND CREDIT REPORTS; DEBT AND LOANS; SAVING, INVESTING AND PLANNING FOR THE FUTURE; EMERGENCY SITUATIONS AND HABITAT HOMEOWNER MORTGAGES. A MORE IN-DEPTH UNDERSTANDING OF THESE IMPORTANT CONCEPTS IS A TOOL THAT CAN BE USED TO BUILD A BETTER FUTURE.
COMMUNITY ENGAGEMENT PROGRAM: HABITAT FOR HUMANITY OF BOONE COUNTY WORKS WITH A WIDE RANGE OF COMMUNITY PARTNERS TO CREATE, PRESERVE, AND PROMOTE AFFORDABLE HOUSING. NUMEROUS VOLUNTEERS, INDIVIDUALS, CORPORATIONS, CHURCHES, TEAMS, NEIGHBORS, AND SMALL GROUPS CONTRIBUTE IN ALL PHASES OF OUR MISSION WORK ON-SITE HOME BUILDING AND REPAIR, THE RESTORE, EVENTS, AND COMMITTEES. MORE THAN 1,006 VOLUNTEERS CONTRIBUTED OVER 13,718 HOURS TO OUR PROGRAM THIS PAST YEAR.HOME REPAIR PROGRAM: OUR HOME REPAIR PROGRAM IS AN OUTREACH INITIATIVE THAT SEEKS TO PROVIDE A WIDE RANGE OF OPPORTUNITIES FOR LOW- TO MODERATE -INCOME HOMEOWNERS, INCLUDING VETERANS AND SENIORS, WHO ARE STRUGGLING TO MAINTAIN THEIR HOMES BECAUSE OF AGE, DISABILITY, OR FAMILY CIRCUMSTANCES, AND DO NOT HAVE THE RESOURCES TO MAKE REPAIRS THEMSELVES. WE PARTNER WITH FAMILIES TO HELP THEM RECLAIM THEIR HOMES WITH PRIDE AND DIGNITY. THE PROGRAM ALLOWS FAMILIES TO STAY IN THEIR HOME AND AVOID THE UNCERTAINTY, TRAUMA, AND EXPENSE OF MOVING. PROJECTS CONSIST OF EXTERIOR REPAIRS INTENDED TO ALLEVIATE CRITICAL HEALTH LIFE AND SAFETY ISSUES OR CODE VIOLATIONS. VOLUNTEER TEAMS WORK ALONG WITH SUBCONTRACTORS UNDER THE DIRECTION OF HABITAT FOR HUMANITY OF BOONE COUNTY STAFF MEMBERS TO COMPLETE THE REPAIRS. SINCE THE INCEPTION OF THE HOME REPAIR PROGRAM IN 2018, HABITAT FOR HUMANITY OF BOONE COUNTY HAS PARTNERED WITH 21 LOCAL HOMEOWNERS, WITH FIVE HOMEOWNERS SERVED DURING CALENDER YEAR 2023.HABITAT FOR HUMANITY OF BOONE COUNTY IS COMMITTED TO EFFICIENCY AND TRANSPARENCY. WE COMMUNICATE WITH OUR SUPPORTERS, DONORS AND PROSPECTIVE DONORS BY EMAIL, POSTAL MAIL, PHONE AND OTHER MEANS, BOTH TO REQUEST CONTRIBUTIONS TO OUR CAUSE AND TO EDUCATE THE PUBLIC ABOUT HABITAT FOR HUMANITY OF BOONE COUNTY'S YEAR-ROUND PROGRAMS, VOLUNTEER OPPORTUNITIES AND OTHER EVENTS IN LOCAL COMMUNITIES AND AROUND THE WORLD. THESE EFFORTS HELP ADVANCE OUR MISSION TO PUT GOD'S LOVE INTO ACTION BY BRINGING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE. AS A RESULT, IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD GUIDELINES AND INTERNAL REVENUE SERVICE GUIDANCE, HABITAT FOR HUMANITY OF BOONE COUNTY ALLOCATES A PORTION OF OUR FUNDRAISING COSTS TO PROGRAM SERVICES. AS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL TAXATION, WE ENSURE OUR DONORS' MONEY IS SPENT AS EFFICIENTLY AND EFFECTIVELY AS POSSIBLE. ADDITIONALLY, WE HAVE CERTIAN EXPENSES THAT CANNOT BE BILLED SEPARATELY.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

KATHRYN MCGORMLEY

PRESIDENT

Total calculated

$0

Hours/week

5
JIM LAFAYETTE

VICE PRESIDENT

Total calculated

$0

Hours/week

5
DAN PUCK

TREASURER

Total calculated

$0

Hours/week

5
SCOTT ROZZI

SECRETARY

Total calculated

$0

Hours/week

5
JOHN BURKHARDT

FAMILY SERVIC. CHAIR

Total calculated

$0

Hours/week

5
BOB CLARK

BOARD MEMBER

Total calculated

$0

Hours/week

1
BRIAN DOUGLAS

BOARD MEMBER

Total calculated

$0

Hours/week

1
GLEN JOURDAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
STEVE NOBIS

BOARD MEMBER

Total calculated

$0

Hours/week

1
JAMISON ROZZI

BOARD MEMBER

Total calculated

$0

Hours/week

1
ELIZABETH QUA

EXECUTIVE DIRECTOR

Total calculated

$64,289

From this org

$64,289

From related orgs

$0

Other

$0

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 1 August 2024
IRS schema version: 2023v5.1
Source object: 202402159349301035

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