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Nonprofiteer
← PIKES PEAK HABITAT FOR HUMANITY INC

Form 990 for tax year 2023

Filed by PIKES PEAK HABITAT FOR HUMANITY INC.

Totals

Total revenue
$8,068,609
Total expenses
$7,506,044
Contributions and grants received
$2,317,290
Grants paid
$154,000
Program service revenue
$1,923,076
Investment income
$599,490
Other revenue
$3,228,753
Total assets, end of year
$14,740,514
Total liabilities, end of year
$3,707,410
Net assets or fund balances, end of year
$11,033,104
Program services expenses (Part IX)
$6,323,865
Management and general expenses
$507,927
Fundraising expenses
$674,252
Program service expenses (Part III)
$6,323,865

Program services were 84.3% 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

    $2,317,290

  • 1g · Noncash contributions included above

    $870,382

  • 2a · Program service revenue: SALES TO HOMEOWNERS

    total $1,632,767 · related or exempt $1,632,767

  • 2b · Program service revenue: MORTGAGE DISCOUNT AMORTIZATIO

    total $214,429 · related or exempt $214,429

  • 2c · Program service revenue: SECOND MORTGAGE REVENUES

    total $75,880 · related or exempt $75,880

  • 3 · Investment income

    total $105,294 · excluded $105,294

  • 7a · Gross sales of assets other than inventory

    other assets $1,026,861

  • 7b · Less cost or other basis and sales expenses

    other assets $532,665

  • 7c · Gain or loss

    other assets $494,196

  • 7d · Net gain or loss

    total $494,196 · excluded $494,196

  • 10a · Gross sales of inventory

    $3,399,442

  • 10b · Cost of goods sold

    $295,675

  • 10c · Net income from sales of inventory

    total $3,103,767 · related or exempt $3,103,767

  • 11a · Other revenue: MISCELLANEOUS

    total $124,986 · excluded $124,986

  • 11e · Other revenue, total

    $124,986

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $154,000 · program services $154,000

  • 5 · Compensation of officers, directors and key employees

    total $146,137 · program services $102,513 · management and general $17,915 · fundraising $25,709

  • 7 · Other salaries and wages

    total $2,021,849 · program services $1,418,292 · management and general $247,865 · fundraising $355,692

  • 8 · Pension plan contributions

    total $34,894 · program services $24,477 · management and general $4,278 · fundraising $6,139

  • 9 · Other employee benefits

    total $214,023 · program services $150,133 · management and general $26,238 · fundraising $37,652

  • 10 · Payroll taxes

    total $193,133 · program services $135,479 · management and general $23,677 · fundraising $33,977

  • 11b · Fees: legal

    total $11,204 · program services $2,497 · management and general $8,707

  • 11c · Fees: accounting

    total $23,400 · management and general $23,400

  • 12 · Advertising and promotion

    total $157,653 · program services $106,210 · management and general $1,024 · fundraising $50,419

  • 13 · Office expenses

    total $111,592 · program services $31,849 · management and general $48,362 · fundraising $31,381

  • 16 · Occupancy

    total $35,567 · program services $11,600 · management and general $9,567 · fundraising $14,400

  • 19 · Conferences, conventions and meetings

    total $113,641 · program services $50,638 · management and general $36,421 · fundraising $26,582

  • 20 · Interest

    total $127,111 · program services $127,111

  • 22 · Depreciation, depletion and amortization

    total $213,394 · program services $213,394

  • 23 · Insurance

    total $214,998 · program services $172,855 · management and general $20,219 · fundraising $21,924

  • 24a · Other expenses: CONSTRUCTION COSTS

    total $2,081,445 · program services $2,081,308 · management and general $137

  • 24b · Other expenses: MORTGAGE DISCOUNT

    total $1,157,813 · program services $1,157,813

  • 24c · Other expenses: VEHICLE EXPENSES

    total $117,891 · program services $117,891

  • 24d · Other expenses: TELEPHONE AND UTILITIES

    total $117,063 · program services $99,740 · management and general $7,135 · fundraising $10,188

  • 24e · All other expenses

    total $259,236 · program services $166,065 · management and general $32,982 · fundraising $60,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,371 · end of year $227,299

  • 2 · Savings and temporary cash investments

    beginning of year $1,191,977 · end of year $1,682,404

  • 4 · Accounts receivable

    beginning of year $361,579 · end of year $59,350

  • 7 · Other notes and loans receivable

    beginning of year $2,658,856 · end of year $2,728,410

  • 8 · Inventories for sale or use

    beginning of year $114,656 · end of year $79,628

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,356 · end of year $6,712

  • 10a · Land, buildings and equipment: cost or other basis

    $6,961,821

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,287,909

  • 10c · Land, buildings and equipment, net

    beginning of year $5,842,555 · end of year $5,673,912

  • 11 · Investments: publicly traded securities

    beginning of year $1,503,415 · end of year $1,455,976

  • 15 · Other assets

    beginning of year $2,364,552 · end of year $2,826,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $351,842 · end of year $362,162

  • 21 · Escrow or custodial account liability

    end of year $11,170

  • 23 · Secured mortgages and notes payable

    beginning of year $3,341,208 · end of year $3,282,540

  • 25 · Other liabilities

    beginning of year $94,034 · end of year $51,538

  • 27 · Net assets without donor restrictions

    beginning of year $10,076,435 · end of year $10,965,910

  • 28 · Net assets with donor restrictions

    beginning of year $341,798 · end of year $67,194

Mission and programs · 2023

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, PIKES PEAK HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. PIKES PEAK HABITAT ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT BASE AN OFFER OF ASSISTANCE ON THE EXPRESSED OR IMPLIED CONDITION THAT PEOPLE ADHERE TO OR CONVERT TO A PARTICULAR FAITH OR LISTEN AND RESPOND TO MESSAGING DESIGNED TO INDUCE CONVERSION TO A PARTICULAR FAITH.

  • FAMILIES IN NEED OF A DECENT PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT HOUSES ARE MODESTLY SIZED LARGE ENOUGH FOR THE HOMEOWNER FAMILY'S NEEDS, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. VOLUNTEERS AND FUTURE HOMEOWNERS HELP BUILD OUR HOMES, AND ALONG WITH DONATED CONSTRUCTION MATERIALS AND APPLIANCES, AND NO-PROFIT LOANS, HABITAT HOMES ARE AFFORDABLE FOR LOW-INCOME AND WORKFORCE FAMILIES TO PURCHASE. AFFORDABLE HOMEOWNERSHIP PROVIDES STABILITY AND ENCOURAGES SELF-RELIANCE AND CONFIDENCE. STRONG AND STABLE HOUSEHOLDS ARE FOUNDATIONAL TO CHILD DEVELOPMENT AND GROWTH, AS WELL AS HEALTH AND SAFETY. HOMEOWNERS CAN SAVE FOR THEIR FUTURES AND INVEST IN EDUCATION, BOLSTERING JOB OPPORTUNITIES AND LONG-TERM CAREER GROWTH. DURING FY2024, PIKES PEAK HABITAT SERVED SIX FAMILIES WITH NEW HOME CONSTRUCTION THROUGH ITS HOMEOWNERSHIP PROGRAM, AS WELL AS MORE THAN 80 HOUSEHOLDS WHOSE MORTGAGES WE SERVICED/MANAGED DURING FISCAL YEAR 2024. OUR HOME REPAIR PROGRAM IS AN OUTREACH INITIATIVE THAT PROVIDES REPAIR SERVICES TO LOW- TO MODERATE-INCOME HOMEOWNERS, INCLUDING VETERANS AND SENIORS, WHO STRUGGLE TO MAINTAIN THEIR HOMES BECAUSE OF AGE, DISABILITY OR FAMILY CIRCUMSTANCES. WE PARTNER WITH FAMILIES TO HELP THEM REPAIR THEIR HOMES WITH PRIDE AND DIGNITY, ALLOWING THEM TO STAY IN THEIR HOME. PROJECTS CONSIST OF INTERIOR AND/OR EXTERIOR REPAIRS TO ALLEVIATE CRITICAL HEALTH, LIFE AND SAFETY ISSUES, OR CODE VIOLATIONS. IN FISCAL YEAR 2024, 77 HOUSEHOLDS IN EL PASO COUNTY RECEIVED REPAIR ASSISTANCE. AS PART OF THE HOMEOWNERSHIP PROCESS, WE BELIEVE FINANCIAL EDUCATION BUILDS A MORE SOLID FOUNDATION FOR LONG-TERM PERSONAL SUCCESS AND HELPS LESSEN 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. PIKES PEAK HABITAT PROVIDED 10 HOURS OF HOMEBUYER EDUCATION WORKSHOPS FOR EACH OF THE SIX FAMILIES WHOSE HOMES CLOSED DURING FY2024.WE TITHE 10% OF OUR UNDESIGNATED DONATIONS TO HABITAT FOR HUMANITY INTERNATIONAL TO BUILD SAFE AND AFFORDABLE HOUSING GLOBALLY. IN FY24, OUR TITHE OF $154,000 SERVED 34.2 FAMILIES IN BANGLADESH, UGANDA, DOMINICAN REPUBLIC ORPHANS AND VULNERABLE GROUPS, AND THE INTERNATIONAL DISASTERS FUND.

    Expenses $4,165,441 · Grants $154,000 · Revenue $1,923,076

  • NET PROCEEDS FROM OUR RESTORES (DISCOUNT BUILDING SUPPLY STORES) HELP SUPPORT PIKES PEAK HABITAT PROGRAMS. THE STORES ACCEPT TAX-DEDUCTIBLE DONATIONS OF NEW AND SLIGHTLY USED BUILDING MATERIALS, SUPPLIES, AND HOME FURNISHINGS AND SELL THE ITEMS BELOW RETAIL PRICE. BY ACCEPTING THESE DONATIONS, THE RESTORES DIVERTED AN ESTIMATED 2,991 TONS OF DONATED MATERIALS FROM LANDFILLS IN FY2024. THE RESTORES ALSO RECYCLE PORCELAIN (ROAD BASE FOR THE CITY), METAL AND CARDBOARD, INCREASING THE AMOUNT OF MATERIALS DIVERTED FROM THE LANDFILL, AS WELL AS GENERATING REVENUE FOR BUILDING HOUSES. ADDITIONALLY, A LIMITED AMOUNT OF NEW ITEMS IS PURCHASED FOR SALE AT AFFORDABLE PRICES.

    Expenses $2,158,424 · Revenue $3,103,767

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

Listed in Part VII

  • KRISTINA LEWIS

    EXECUTIVE DIRECTOR

    Total calculated
    $140,069
    From this org
    $123,191
    From related orgs
    $0
    Other
    $16,878
    Hours/week
    40

  • ERIC STOLP

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JOE DESJARDIN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JANNA MULDER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROB GIUNTA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RYAN PANARISO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILL WALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RYAN MOHLING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY CARLSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER HILTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CANDY VANDENBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TYE TUTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL HASTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIM TROWBRIDGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID WARNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202530159349301353

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