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← TWO RIVERS HABITAT FOR HUMANITY

Form 990 for tax year 2022

Filed by TWO RIVERS HABITAT FOR HUMANITY.

Totals

Total revenue
$1,440,861
Total expenses
$1,318,954
Contributions and grants received
$377,005
Grants paid
$0
Program service revenue
$374,324
Investment income
$1,899
Other revenue
$687,633
Total assets, end of year
$4,708,813
Total liabilities, end of year
$1,924,338
Net assets or fund balances, end of year
$2,784,475
Program services expenses (Part IX)
$1,058,901
Management and general expenses
$141,443
Fundraising expenses
$118,610
Program service expenses (Part III)
$1,058,901

Program services were 80.3% 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.

  • 1c · Fundraising events

    $26,367

  • 1e · Government grants (contributions)

    $35,000

  • 1f · All other contributions, gifts and grants

    $315,638

  • 2a · Program service revenue: DISCOUNTS ON MORTGAGES

    total $189,204 · related or exempt $189,204

  • 2b · Program service revenue: SALE OF HOMES

    total $180,000 · related or exempt $180,000

  • 2c · Program service revenue: HOME REPAIR INCOME

    total $5,120 · related or exempt $5,120

  • 3 · Investment income

    total $1,899 · excluded $1,899

  • 8a · Fundraising events: gross income

    $0

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

    $26,367

  • 8b · Fundraising events: direct expenses

    $10,563

  • 8c · Net income from fundraising events

    total -$10,563 · excluded -$10,563

  • 10a · Gross sales of inventory

    $650,161

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $650,161 · related or exempt $650,161

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $48,035 · related or exempt $48,035

  • 11e · Other revenue, total

    $48,035

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $112,298 · program services $72,993 · management and general $11,230 · fundraising $28,075

  • 7 · Other salaries and wages

    total $527,898 · program services $461,133 · management and general $35,067 · fundraising $31,698

  • 9 · Other employee benefits

    total $49,376 · program services $35,673 · management and general $5,039 · fundraising $8,664

  • 10 · Payroll taxes

    total $49,436 · program services $41,666 · management and general $3,233 · fundraising $4,537

  • 11b · Fees: legal

    total $10,380 · program services $3,549 · management and general $3,925 · fundraising $2,906

  • 11c · Fees: accounting

    total $23,390 · program services $6,000 · management and general $17,390

  • 12 · Advertising and promotion

    total $21,632 · program services $12,794 · management and general $7,398 · fundraising $1,440

  • 13 · Office expenses

    total $169,448 · program services $108,013 · management and general $42,876 · fundraising $18,559

  • 16 · Occupancy

    total $44,753 · program services $44,680 · management and general $73

  • 17 · Travel

    total $2,218 · program services $1,263 · management and general $29 · fundraising $926

  • 19 · Conferences, conventions and meetings

    total $5,356 · program services $532 · management and general $2,406 · fundraising $2,418

  • 20 · Interest

    total $62,530 · program services $58,507 · management and general $1,887 · fundraising $2,136

  • 22 · Depreciation, depletion and amortization

    total $48,460 · program services $38,284 · management and general $4,176 · fundraising $6,000

  • 23 · Insurance

    total $64,081 · program services $54,546 · management and general $4,352 · fundraising $5,183

  • 24a · Other expenses: CONSTRUCTION MATERIALS

    total $116,236 · program services $116,036 · fundraising $200

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $33,338 · program services $32,923 · management and general $393 · fundraising $22

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $12,854 · program services $7,894 · management and general $1,816 · fundraising $3,144

  • 24d · Other expenses: TITHE

    total $10,336 · program services $7,752 · fundraising $2,584

  • 24e · All other expenses

    total -$45,066 · program services -$45,337 · management and general $153 · fundraising $118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $724,062 · end of year $362,039

  • 3 · Pledges and grants receivable

    beginning of year $5,748 · end of year $3,335

  • 4 · Accounts receivable

    beginning of year $1,529

  • 7 · Other notes and loans receivable

    beginning of year $2,501,063 · end of year $2,234,509

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,505 · end of year $24,607

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

    $2,381,694

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

    $343,281

  • 10c · Land, buildings and equipment, net

    beginning of year $1,416,028 · end of year $2,038,413

  • 11 · Investments: publicly traded securities

    beginning of year $764 · end of year $764

  • 12 · Investments: other securities

    beginning of year $19,667 · end of year $19,667

  • 15 · Other assets

    beginning of year $0 · end of year $25,479

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,177 · end of year $86,017

  • 23 · Secured mortgages and notes payable

    beginning of year $1,929,416 · end of year $1,812,842

  • 25 · Other liabilities

    beginning of year $0 · end of year $25,479

  • 27 · Net assets without donor restrictions

    beginning of year $2,620,120 · end of year $2,487,186

  • 28 · Net assets with donor restrictions

    beginning of year $38,653 · end of year $297,289

Mission and programs · 2022

Mission

TWO RIVERS HABITAT FOR HUMANITY BUILDS STRENTH, STABILITY, AND SELF-RELIANCE THROUGH SHELTER. WE WORK TO CREATE A WORLD WHERE EVERYONE HAS AN AFFORDABLE, SAFE, AND HEALTHY HOME.

Activities or mission (Part I)

BUILDS STRENGTH, STABILITY, AND SELF-RELIANCE THROUGH SHELTER.

  • TWO RIVERS PROVIDES RESALE OPPORTUNITIES OF DONATED HOUSEHOLD AND CONSTRUCTION ITEMS AT THE HABITAT RESTORE.

    Expenses $563,915 · Revenue $650,161

  • TWO RIVERS BUILDS NEW HOMES AND PROVIDES CRITICAL REPAIRS TO EXISTING HOMES IN PARTNERSHIP WITH FAMILIES IN NEED OF BETTER SHELTER THROUGHOUT DODGE, OLMSTED, STEELE, WABASHA, AND WASECA COUNTIES. TWO RIVERS ALSO ADVOCATES FOR HOUSING POLICIES THAT ENABLE EVERYONE TO HAVE A DECENT PLACE TO LIVE.

    Expenses $494,986 · Revenue $422,359

  • TWO RIVERS FINANCED THE HOME SALES AND HOLDS NON-INTEREST BEARING MORTGAGES. IMPUTED INTEREST IS RECOGNIZED FOR FINANCIAL REPORTING AS THE MORTGAGES MATURE.

As filed on the 2022 return.

Listed in Part VII

  • Taylor Herman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • David Legault

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jacob Dreyer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tracey Beyer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Abdulahi Osman

    AT LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Barness

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathleen McNaughton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cheri Block

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Anneke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Adeline Abbenyi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tara Rabe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Novotne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Pat Heydon

    EXECUTIVE DIRECTOR

    Total calculated
    $79,895
    From this org
    $65,572
    From related orgs
    $0
    Other
    $14,323
    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
2022
Filed
21 March 2024
IRS schema version
2022v5.0
Source object
202400819349301310

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