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Nonprofiteer
← HABITAT FOR HUMANITY INTERNATIONAL INC

Form 990 for tax year 2023

Filed by HABITAT FOR HUMANITY INTERNATIONAL INC.

Totals

Total revenue
$36,471,120
Total expenses
$33,695,566
Contributions and grants received
$16,162,389
Grants paid
$100,000
Program service revenue
$20,122,608
Investment income
$186,123
Other revenue
$0
Total assets, end of year
$59,001,971
Total liabilities, end of year
$24,938,356
Net assets or fund balances, end of year
$34,063,615
Program services expenses (Part IX)
$31,482,020
Management and general expenses
$1,177,960
Fundraising expenses
$1,035,586
Program service expenses (Part III)
$31,482,020

Program services were 93.4% 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.

  • 1e · Government grants (contributions)

    $11,071

  • 1f · All other contributions, gifts and grants

    $16,151,318

  • 1g · Noncash contributions included above

    $10,430,083

  • 2a · Program service revenue: RESTORE REVENUE

    total $12,447,457 · related or exempt $12,447,457

  • 2b · Program service revenue: HOME SALES

    total $6,964,027 · related or exempt $6,964,027

  • 2c · Program service revenue: MORTGAGE DISCOUNT AMORTIZATION

    total $512,985 · related or exempt $512,985

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $198,139 · related or exempt $198,139

  • 3 · Investment income

    total $186,123 · excluded $186,123

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $395,639 · management and general $395,639

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,112,399 · program services $5,483,600 · fundraising $628,799

  • 8 · Pension plan contributions

    total $105,351 · program services $74,605 · management and general $18,302 · fundraising $12,444

  • 9 · Other employee benefits

    total $878,749 · program services $757,157 · management and general $78,478 · fundraising $43,114

  • 10 · Payroll taxes

    total $508,756 · program services $398,250 · management and general $75,565 · fundraising $34,941

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $23,131 · program services $8,131 · management and general $15,000

  • 11c · Fees: accounting

    total $28,920 · program services $19,280 · management and general $4,820 · fundraising $4,820

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $383,854 · program services $172,306 · management and general $197,858 · fundraising $13,690

  • 12 · Advertising and promotion

    total $244,870 · program services $144,838 · management and general $16,764 · fundraising $83,268

  • 13 · Office expenses

    total $366,678 · program services $227,787 · management and general $87,906 · fundraising $50,985

  • 14 · Information technology

    total $470,824 · program services $329,436 · management and general $85,985 · fundraising $55,403

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,378,043 · program services $2,289,016 · management and general $54,305 · fundraising $34,722

  • 17 · Travel

    total $369,033 · program services $349,874 · management and general $12,943 · fundraising $6,216

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $92,213 · program services $64,190 · management and general $7,463 · fundraising $20,560

  • 20 · Interest

    total $390,444 · program services $370,608 · management and general $12,623 · fundraising $7,213

  • 21 · Payments to affiliates

    total $30,300 · management and general $30,300

  • 22 · Depreciation, depletion and amortization

    total $426,242 · program services $322,328 · management and general $66,127 · fundraising $37,787

  • 23 · Insurance

    total $240,145 · program services $220,639 · management and general $17,882 · fundraising $1,624

  • 24a · Other expenses: RESTORE IN-KIND EXPENSE

    total $10,332,579 · program services $10,332,579

  • 24b · Other expenses: CONSTRUCTION COSTS

    total $7,376,698 · program services $7,376,698

  • 24c · Other expenses: RESTORE COST OF INVENTORY

    total $1,249,962 · program services $1,249,962

  • 24d · Other expenses: DISTRIBUTION TO AFFILIATES

    total $590,397 · program services $590,397

  • 24e · All other expenses

    total $600,339 · program services $600,339

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,817,828 · end of year $2,295,201

  • 2 · Savings and temporary cash investments

    beginning of year $4,350,721 · end of year $3,705,271

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $227,176 · end of year $2,177,657

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $17,154,409 · end of year $15,262,190

  • 8 · Inventories for sale or use

    beginning of year $1,036,588 · end of year $1,025,414

  • 9 · Prepaid expenses and deferred charges

    beginning of year $237,791 · end of year $225,225

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

    $10,166,035

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

    $3,212,887

  • 10c · Land, buildings and equipment, net

    beginning of year $7,342,839 · end of year $6,953,148

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $1,141,640 · end of year $1,129,566

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $20,868,883 · end of year $26,228,299

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,966,389 · end of year $2,154,272

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $33,028 · end of year $25,259

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,342,531 · end of year $2,125,035

  • 21 · Escrow or custodial account liability

    beginning of year $101,623 · end of year $135,881

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $13,243,075 · end of year $11,544,323

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,203,168 · end of year $8,953,586

  • 27 · Net assets without donor restrictions

    beginning of year $30,442,581 · end of year $31,407,160

  • 28 · Net assets with donor restrictions

    beginning of year $845,480 · end of year $2,656,455

Mission and programs · 2023

Mission

HABITAT WAKE IS AN AFFORDABLE HOUSING ORGANIZATION THAT SEEKS TO FIND EQUITABLE HOUSING SOLUTIONS ALONGSIDE THE COMMUNITY. THIS IS ACCOMPLISHED PRIMARILY BY PROVIDING HOMEOWNERSHIP OPPORTUNITIES FOR FAMILIES MAKING UP TO 120% OF THE AREA MEDIAN INCOME. THE ORGANIZATION ALSO PRESERVES EXISTING AFFORDABLE HOMES AND ADVOCATES FOR POLICY CHANGE THAT WILL INCREASE ACCESS TO HOUSING FOR EVERYONE. THIS WORK IS MADE POSSIBLE BY FINANCIAL CONTRIBUTIONS FROM CORPORATIONS, FAITH ORGANIZATIONS, AND INDIVIDUALS. HOMES ARE BUILT USING VOLUNTEER LABOR, AND QUALIFIED HOMEBUYERS THEN PURCHASE HABITAT WAKE HOMES WITH AN AFFORDABLE MORTGAGE, WHICH IS RE-INVESTED INTO THE MISSION.

Activities or mission (Part I)

SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY OF WAKE COUNTY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.

  • RESTORE PROGRAMS - THE HABITAT RESTORES ARE HOME IMPROVEMENT STORES THAT SELL NEW AND USED FURNITURE, BUILDING MATERIALS, APPLIANCES AND HOUSEHOLD GOODS TO THE PUBLIC AT DISCOUNTED PRICES. THESE ITEMS ARE COLLECTED AS TAX-DEDUCTIBLE DONATIONS FROM INDIVIDUAL AND COMMUNITY DONORS. PROCEEDS BENEFIT HABITAT'S MISSION TO BUILD SAFE, AFFORDABLE HOMES. THE RESTORES ALSO SEEK TO BE GOOD STEWARDS OF THE ENVIRONMENT BY DIVERTING MORE THAN 5,000 TONS OF USABLE ITEMS FROM LANDFILLS ANNUALLY.

    Expenses $20,821,864 · Revenue $12,447,457

  • HOME BUILDING SERVICES - THIS PROGRAM CONSTRUCTS SAFE, AFFORDABLE, ENERGY-EFFICIENT HOMES TO SELL TO QUALIFIED HOMEBUYERS AND OFFERS THE PUBLIC A TANGIBLE WAY TO INTERACT WITH HABITAT WAKE'S MISSION TO BUILD AFFORDABLE HOUSING. HABITAT WAKE'S PROFESSIONAL CONSTRUCTION TEAM WORKS ALONGSIDE VOLUNTEERS TO BUILD THE HOMES, WHICH ARE THEN AVAILABLE FOR PURCHASE BY QUALIFIED HOMEBUYERS THROUGH HABITAT'S HOMEOWNERSHIP PROGRAM.

    Expenses $9,501,422 · Grants $100,000 · Revenue $6,964,027

  • HOMEOWNER SERVICES - THIS PROGRAM RECRUITS AND SELECTS ELIGIBLE HOMEBUYERS AND SUPPORTS THEM THROUGH THE PROCESS OF BUYING AN AFFORDABLE HABITAT HOME. THE HOMEOWNER SERVICES PROGRAM ALSO PROVIDES EDUCATIONAL OPPORTUNITIES IN THE FORM OF FINANCIAL PLANNING AND HOME MAINTENANCE COURSES. FINALLY, THIS PROGRAM FACILITATES THE ACQUISITION OF AFFORDABLE MORTGAGES FOR ELIGIBLE HOMEBUYERS.

    Expenses $958,395 · Revenue $512,985

  • VOLUNTEER SERVICES

    Expenses $200,339 · Revenue $198,139

  • ADVOCACY

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

Listed in Part VII

  • Patricia Burch

    CEO

    Total calculated
    $247,670
    From this org
    $239,852
    From related orgs
    $0
    Other
    $7,818
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,823
    Bonus
    $7,500
    Other
    $21,529
    Deferred
    $0
    Nontaxable benefits
    $7,818
    Filer's total
    $247,670

  • Emily George

    VP OF RESTORES

    Total calculated
    $118,206
    From this org
    $110,225
    From related orgs
    $0
    Other
    $7,981
    Hours/week
    40

  • April McVey

    VP OF FINANCE

    Total calculated
    $106,135
    From this org
    $94,120
    From related orgs
    $0
    Other
    $12,015
    Hours/week
    40

  • Beth Jones

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Evan Stolove

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Renu Jain

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Amy Hilfiker

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Haynes Sherron

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    5

  • Edwin Aldridge

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Quincy Amekuedi

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Rev Paul Anderson

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Chuck Blatchley

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Wortham Boyle

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Donald Dixon

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Louis Eckstein

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Consuelo Gardner

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Whitney Von Haam

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Kenneth Hyer

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Bob Kucab

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • James McGlade

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Emilia Monrad

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • John Morgan

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Diane Schabinger

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Allen Wellons

    MEMBER

    Total calculated
    $0
    Hours/week
    3

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 · 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

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.

  • HFHWC FUNDING COMPANY

    SELL MTG LOAN · NC · income $0 · assets $0

    Directly controlled by HHWC

Provenance

Return type
form_990
Tax year
2023
Filed
2 December 2024
IRS schema version
2023v5.1
Source object
202413379349300136

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