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Nonprofiteer
← HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY INC

Form 990 for tax year 2023

Filed by HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY INC.

Totals

Total revenue
$5,792,315
Total expenses
$5,383,494
Contributions and grants received
$2,262,535
Grants paid
$0
Program service revenue
$3,153,749
Investment income
$295,830
Other revenue
$80,201
Total assets, end of year
$20,728,091
Total liabilities, end of year
$7,051,569
Net assets or fund balances, end of year
$13,676,522
Program services expenses (Part IX)
$4,330,736
Management and general expenses
$704,050
Fundraising expenses
$348,708
Program service expenses (Part III)
$4,330,736

Program services were 80.4% 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.

  • 1c · Fundraising events

    $152,730

  • 1e · Government grants (contributions)

    $565,868

  • 1f · All other contributions, gifts and grants

    $1,543,937

  • 1g · Noncash contributions included above

    $61,200

  • 2a · Program service revenue: RESTORE SALES

    total $2,064,089 · related or exempt $2,064,089

  • 2b · Program service revenue: SALES TO HOMEOWNERS

    total $584,000 · related or exempt $584,000

  • 2c · Program service revenue: AMORTIZATION OF MORTGA

    total $485,408 · related or exempt $485,408

  • 2d · Program service revenue: OTHER PROGRAM INCOME

    total $20,252 · related or exempt $20,252

  • 3 · Investment income

    total $295,830 · excluded $295,830

  • 8a · Fundraising events: gross income

    $210,010

  • 8a · Fundraising events: contributions included on line 1c

    $152,730

  • 8b · Fundraising events: direct expenses

    $129,809

  • 8c · Net income from fundraising events

    total $80,201 · excluded $80,201

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $498,970 · program services $345,078 · management and general $93,707 · fundraising $60,185

  • 7 · Other salaries and wages

    total $1,371,973 · program services $948,829 · management and general $257,658 · fundraising $165,486

  • 9 · Other employee benefits

    total $188,177 · program services $130,139 · management and general $35,340 · fundraising $22,698

  • 10 · Payroll taxes

    total $148,437 · program services $99,419 · management and general $31,909 · fundraising $17,109

  • 11g · Fees: other

    total $55,786 · management and general $55,786

  • 12 · Advertising and promotion

    total $65,353 · program services $7,704 · management and general $39,318 · fundraising $18,331

  • 13 · Office expenses

    total $74,788 · program services $45,950 · management and general $14,963 · fundraising $13,875

  • 14 · Information technology

    total $81,012 · program services $10,504 · management and general $47,686 · fundraising $22,822

  • 16 · Occupancy

    total $814,417 · program services $771,339 · management and general $19,835 · fundraising $23,243

  • 17 · Travel

    total $73,042 · program services $68,199 · management and general $4,383 · fundraising $460

  • 19 · Conferences, conventions and meetings

    total $6,035 · program services $6,035

  • 20 · Interest

    total $88,595 · program services $88,595

  • 22 · Depreciation, depletion and amortization

    total $20,125 · program services $18,962 · management and general $1,163

  • 23 · Insurance

    total $179,764 · program services $127,392 · management and general $52,372

  • 24a · Other expenses: COST OF HOMES BUILT AND

    total $605,381 · program services $605,381

  • 24b · Other expenses: DISCOUNT AMORTIZATION O

    total $338,161 · program services $338,161

  • 24c · Other expenses: SMALL TOOLS EXPENSE

    total $295,196 · program services $295,196

  • 24d · Other expenses: SUB-CONTRACTOR LABOR

    total $293,838 · program services $277,755 · management and general $16,083

  • 24e · All other expenses

    total $184,444 · program services $146,098 · management and general $33,847 · fundraising $4,499

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,823,217 · end of year $6,826,522

  • 4 · Accounts receivable

    beginning of year $2,789 · end of year $2,789

  • 7 · Other notes and loans receivable

    beginning of year $6,716,539 · end of year $6,662,953

  • 8 · Inventories for sale or use

    beginning of year $1,560,966 · end of year $3,208,370

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,757 · end of year $13,017

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

    $854,579

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

    $595,647

  • 10c · Land, buildings and equipment, net

    beginning of year $63,742 · end of year $258,932

  • 15 · Other assets

    beginning of year $3,352,224 · end of year $3,755,508

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,991 · end of year $199,325

  • 19 · Deferred revenue

    beginning of year $700,000 · end of year $1,000,000

  • 23 · Secured mortgages and notes payable

    beginning of year $2,089,318 · end of year $1,945,174

  • 25 · Other liabilities

    beginning of year $3,352,224 · end of year $3,907,070

  • 27 · Net assets without donor restrictions

    beginning of year $13,017,701 · end of year $13,426,522

  • 28 · Net assets with donor restrictions

    beginning of year $250,000 · end of year $250,000

Mission and programs · 2023

Mission

HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY SEEKS TO BUILD COMMUNITY AND TO IMPROVE LIVES BY PARTNERING WITH LOW-INCOME FAMILIES, COMMUNITY VOLUNTEERS AND DONORS TO BUILD AND SELL SIMPLE, SAFE AND AFFORDABLE HOMES IN STABLE AND WELCOMING NEIGHBORHOODS.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES HOME OWNERSHIP TO RESPONSIBLE LOW-INCOME FAMILIES THROUGH NEW CONSTRUCTION OR RENOVATION OF EXISTING HOUSING STOCK.

  • HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY (HFHCFC) IS THE LOCAL AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL AND SERVES COASTAL FAIRFIELD COUNTY. IT IS AN AUTONOMOUS 501(C)(3) NONPROFIT ORGANIZATION. IT IS GOVERNED LOCALLY, RAISES FUNDS LOCALLY AND BUILDS LOCALLY.HABITAT'S PROGRAMS CREATE SIMPLE, DECENT, SAFE AND AFFORDABLE HOMES FOR OWNERSHIP BY LOW-INCOME FAMILIES. PARTNER FAMILIES QUALIFY BY SHOWING A DEMONSTRATED NEED FOR IMPROVED HOUSING, A WILLINGNESS TO PARTNER WITH HABITAT (BY COMMITTING TO 200-500 HOURS OF "SWEAT EQUITY" HELPING TO BUILD THEIR OWN HOMES, THE HOMES OF OTHER HABITAT PARTNER FAMILIES, OR WORKING IN THE RESTORE), AND THE ABILITY TO REPAY AN AFFORDABLE INTEREST-FREE MORTGAGE.HFHCFC PROVIDES EXTENSIVE PRE AND POST-SALE SOCIAL AND SUPPORT SERVICES TO ITS HOMEOWNERS. WITH OUR HELP, HABITAT HOMEOWNERS ACHIEVE THE STRENGTH, STABILITY AND INDEPENDENCE THEY NEED TO BUILD A BETTER FUTURE FOR THEMSELVES AND THEIR FAMILIES. HABITAT FOR HUMANITY WAS FOUNDED ON THE CONVICTION THAT EVERY MAN, WOMAN AND CHILD SHOULD HAVE A SIMPLE, DURABLE PLACE TO LIVE IN DIGNITY AND SAFETY, AND THAT DECENT SHELTER IN DECENT COMMUNITIES SHOULD BE A MATTER OF CONSCIENCE AND ACTION FOR ALL.

    Expenses $2,705,178 · Revenue $1,089,660

  • HFHCFC OPERATES A NOT-FOR-PROFIT RETAIL STORE, RESTORE, WHICH SELLS DISCOUNTED USED FURNITURE AND BUILDING SUPPLIES. THIS SOCIAL ENTERPRISE CONTRIBUTES FUNDING TO HFHCFC PRIMARY MISSION OF BUILDING SIMPLE, SAFE AND AFFORDABLE HOMES WHILE ALSO BENEFITTING THE COMMUNITY BOTH FISCALLY AND ENVIRONMENTALLY. LOW-COST HOME IMPROVEMENT ITEMS ARE OFFERED TO THE PUBLIC WHILE KEEPING USEABLE APPLIANCES AND BUILDING MATERIALS OUT OF OUR LANDFILLS.

    Expenses $1,625,558 · Revenue $2,064,089

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

Listed in Part VII

  • GEORGE KEITH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH A MASSOUD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN COOK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BETH RAFFERTY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROBERT GIGLIETTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DWAYNE SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • T DAVID SHORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HASSAN BUTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARC KOSAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIELLE LEBLANC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW MATARESE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLYN VERMONT

    CEO

    Total calculated
    $166,016
    From this org
    $150,352
    From related orgs
    $0
    Other
    $15,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,352
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,664
    Filer's total
    $166,016

  • KEVIN MOORE

    COO

    Total calculated
    $127,296
    From this org
    $120,685
    From related orgs
    $0
    Other
    $6,611
    Hours/week
    40

  • KENNETH ESSEX

    DIRECTOR OF FINANCE & OPER

    Total calculated
    $65,531
    From this org
    $65,531
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JOHN CORSANO

    CFO

    Total calculated
    $36,100
    From this org
    $36,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • RICHARD DESAUTELS

    RESTORE MANAGER

    Total calculated
    $104,027
    From this org
    $104,027
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202423029349300707

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