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Nonprofiteer
← HABITAT FOR HUMANITY OF METRO LOUISVILLE INC

Form 990 for tax year 2023

Filed by HABITAT FOR HUMANITY OF METRO LOUISVILLE INC.

Totals

Total revenue
$11,012,266
Total expenses
$10,390,427
Contributions and grants received
$5,638,300
Grants paid
$1,588,516
Program service revenue
$4,890,268
Investment income
$331,399
Other revenue
$152,299
Total assets, end of year
$23,066,872
Total liabilities, end of year
$4,167,887
Net assets or fund balances, end of year
$18,898,985
Program services expenses (Part IX)
$9,326,758
Management and general expenses
$603,312
Fundraising expenses
$460,357
Program service expenses (Part III)
$9,326,758

Program services were 89.8% 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

    $255,023

  • 1e · Government grants (contributions)

    $768,526

  • 1f · All other contributions, gifts and grants

    $4,614,751

  • 1g · Noncash contributions included above

    $1,798,711

  • 2a · Program service revenue: HOME SALES

    total $3,165,589 · related or exempt $3,165,589

  • 2b · Program service revenue: MORTGAGE DISCOUNTS

    total $1,706,739 · related or exempt $1,706,739

  • 2c · Program service revenue: ADMINISTRATIVE FEE INCOME

    total $17,940 · related or exempt $17,940

  • 3 · Investment income

    total $169,807 · related or exempt $169,807

  • 6a · Gross rents

    real property $58,030

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $58,030

  • 6d · Net rental income or loss

    total $58,030 · related or exempt $58,030

  • 7a · Gross sales of assets other than inventory

    securities $1,264,639 · other assets $155,269

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

    securities $1,258,316 · other assets $0

  • 7c · Gain or loss

    securities $6,323 · other assets $155,269

  • 7d · Net gain or loss

    total $161,592 · related or exempt $155,269 · excluded $6,323

  • 8a · Fundraising events: gross income

    $24,915

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

    $255,023

  • 8b · Fundraising events: direct expenses

    $39,370

  • 8c · Net income from fundraising events

    total -$14,455 · excluded -$14,455

  • 10a · Gross sales of inventory

    $1,654,437

  • 10b · Cost of goods sold

    $1,634,452

  • 10c · Net income from sales of inventory

    total $19,985 · excluded $19,985

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $88,739 · related or exempt $88,739

  • 11e · Other revenue, total

    $88,739

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,588,516 · program services $1,588,516

  • 5 · Compensation of officers, directors and key employees

    total $203,746 · program services $122,248 · management and general $40,749 · fundraising $40,749

  • 7 · Other salaries and wages

    total $1,294,794 · program services $901,174 · management and general $195,787 · fundraising $197,833

  • 8 · Pension plan contributions

    total $100,074 · program services $66,688 · management and general $14,362 · fundraising $19,024

  • 9 · Other employee benefits

    total $171,277 · program services $95,679 · management and general $49,880 · fundraising $25,718

  • 10 · Payroll taxes

    total $155,115 · program services $109,861 · management and general $19,120 · fundraising $26,134

  • 11a · Fees: management

    total $90,000 · program services $90,000

  • 11b · Fees: legal

    total $206 · program services $206

  • 11c · Fees: accounting

    total $76,329 · management and general $76,329

  • 11g · Fees: other

    total $21,244 · program services $14,644 · management and general $6,600

  • 12 · Advertising and promotion

    total $70,571 · program services $45,906 · management and general $5,126 · fundraising $19,539

  • 13 · Office expenses

    total $76,317 · program services $17,037 · management and general $16,820 · fundraising $42,460

  • 14 · Information technology

    total $95,832 · program services $38,598 · management and general $15,269 · fundraising $41,965

  • 16 · Occupancy

    total $308,177 · program services $279,600 · management and general $15,538 · fundraising $13,039

  • 17 · Travel

    total $178,920 · program services $168,840 · management and general $6,729 · fundraising $3,351

  • 19 · Conferences, conventions and meetings

    total $7,866 · program services $2,961 · management and general $3,745 · fundraising $1,160

  • 20 · Interest

    total $124,902 · program services $62,709 · management and general $62,193

  • 21 · Payments to affiliates

    total $25,000 · program services $25,000

  • 22 · Depreciation, depletion and amortization

    total $217,740 · program services $174,192 · management and general $32,661 · fundraising $10,887

  • 23 · Insurance

    total $72,891 · program services $52,869 · management and general $12,999 · fundraising $7,023

  • 24a · Other expenses: BUILDING MATERIALS AND

    total $3,088,523 · program services $3,088,523

  • 24b · Other expenses: DISCOUNTS ON MORTGAGES

    total $1,623,429 · program services $1,623,429

  • 24c · Other expenses: COMMUNITY DEVELOPMENT A

    total $512,218 · program services $512,218

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $60,849 · program services $47,502 · management and general $7,602 · fundraising $5,745

  • 24e · All other expenses

    total $225,891 · program services $198,358 · management and general $21,803 · fundraising $5,730

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,603,419 · end of year $733,606

  • 2 · Savings and temporary cash investments

    end of year $2,563,291

  • 3 · Pledges and grants receivable

    beginning of year $810,176 · end of year $25,438

  • 4 · Accounts receivable

    beginning of year $147,190 · end of year $268

  • 7 · Other notes and loans receivable

    beginning of year $9,171,106 · end of year $8,812,144

  • 8 · Inventories for sale or use

    beginning of year $104,457 · end of year $97,634

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,000 · end of year $18,971

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

    $4,410,796

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

    $2,771,478

  • 10c · Land, buildings and equipment, net

    beginning of year $1,770,212 · end of year $1,639,318

  • 12 · Investments: other securities

    beginning of year $2,947,736 · end of year $3,603,398

  • 15 · Other assets

    beginning of year $3,920,855 · end of year $5,572,804

  • 17 · Accounts payable and accrued expenses

    beginning of year $267,570 · end of year $479,601

  • 21 · Escrow or custodial account liability

    beginning of year $117,646 · end of year $27,123

  • 23 · Secured mortgages and notes payable

    beginning of year $1,247,679 · end of year $1,427,743

  • 24 · Unsecured notes and loans payable

    end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $849,323 · end of year $1,233,420

  • 27 · Net assets without donor restrictions

    beginning of year $17,510,375 · end of year $18,018,310

  • 28 · Net assets with donor restrictions

    beginning of year $494,558 · end of year $880,675

Mission and programs · 2023

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, 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. HABITAT FOR HUMANITY OF METRO LOUISVILLE ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT OFFER ASSISTANCE ON THE EXPRESSED OR IMPLIED CONDITION THAT PEOPLE MUST ADHERE TO OR CONVERT TO A PARTICULAR FAITH OR LISTEN AND RESPOND TO MESSAGING DESIGNED TO INDUCE CONVERSION TO A PARTICULAR FAITH.

Activities or mission (Part I)

PROVIDING HOUSING SOLUTIONS OF HOMEOWNERSHIP, COMMUNITY DEVELOPMENT AND HOME REPAIR TO QUALIFIED APPLICANTS USING VOLUNTEER AND HOMEBUYER SWEAT EQUITY.

  • HOMEOWNERSHIP PROGRAM: FAMILIES IN NEED OF A DECENT PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE HOMEOWNER'S FAMILY'S NEEDS, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING HOUSE SIZES MODEST, USING DONATED CONSTRUCTION MATERIALS AND APPLIANCES, AND ISSUING NONPROFIT LOANS, HABITAT MAKES ITS HOUSES AFFORDABLE FOR LOW INCOME FAMILIES TO PURCHASE. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITIONS THAT FREE FAMILIES FROM INSTABILITY, STRESS AND FEAR AND ENCOURAGE SELF RELIANCE AND CONFIDENCE. 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 FISCAL YEAR 2023, HABITAT OF METRO LOUISVILLE SERVED 131 FAMILIES WITH HOUSING SOLUTIONS INCLUDING 26 THROUGH ITS LONG-TERM HOMEOWNERSHIP PROGRAM AND 105 THROUGH ITS HOME PRESERVATION PROGRAM.

    Expenses $5,508,302 · Grants $1,588,516 · Revenue $1,982,997

  • MORTGAGE DISCOUNTS: MORTGAGES ARE DISCOUNTED USING AN IMPUTED INTEREST RATE THAT APPROXIMATES THE RATE THAT AN INDEPENDENT BORROWER AND LENDER WOULD HAVE NEGOTIATED IN A SIMILAR TRANSACTION. NEW MORTGAGES EQUALING APPROXIMATELY 3.1 MILLION WERE WRITTEN AND ENTERED INTO IN 2023 AND WERE DISCOUNTED TO REPRESENT THE PRESENT VALUE OF THESE ZERO INTEREST LOANS. IMPUTED INTEREST OF 7.85% IS USED FOR MORTGAGES IN 2023.

    Expenses $1,623,429 · Revenue $1,706,739

  • RESTORE PROGRAM: THE PURPOSE IS TO GENERATE A SUSTAINABLE SOURCE OF INCOME FOR HFHML BY DIVERTING USABLE BUILDING MATERIALS, FURNITURE AND APPLIANCES FROM LANDFILLS AND SELLING THOSE DONATED ITEMS TO THE PUBLIC. IN 2023, WE ESTIMATE THAT OVER 2.1 MILLION POUNDS OF MATERIALS WERE DIVERTED FROM LANDFILLS.

    Expenses $1,407,675 · Revenue $1,654,437

  • HOME PRESERVATION PROGRAM: OUR HOME PRESERVATION 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. 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 INTERIOR AND/OR 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 OF METRO LOUISVILLE STAFF MEMBERS TO COMPLETE THE REPAIRS. IN 2023, 105 HOMEOWNERS WERE SERVED IN OUR HOME PRESERVATION PROGRAM. INCLUDES ALL OTHER PROGRAM EXPENSES.

    Expenses $787,352 · Revenue $17,940

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

Listed in Part VII

  • Robert D Locke

    CEO

    Total calculated
    $168,725
    From this org
    $147,696
    From related orgs
    $0
    Other
    $21,029
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,696
    Bonus
    $4,000
    Other
    $0
    Deferred
    $15,029
    Nontaxable benefits
    $6,000
    Filer's total
    $168,725

  • John Borders

    VP OF ADMINISTRATION

    Total calculated
    $0
    Hours/week
    2

  • Robin Bray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hope Dinkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen English

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gabe Fritz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Hammond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bridgette Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clay Kannapell

    VP/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Glenn Kosse

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Chris Meriwether

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tonya Montgomery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Nofsinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Rippy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Schlafer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Straight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joy Walker

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Wigginton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Heun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth Wiseman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Huelsman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tyler Ward

    DIRECTOR

    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. 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD REVIEWS AND APPROVES THE COMPENSATION OF THE CEO ANNUALLY
PART I, LINE 7
THE BOARD DECIDES ON AND APPROVES THE ANNUAL BONUS AMOUNT FOR THE CEO.

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.

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.

  • HABITAT HOME IMPROVEMENT PLACE LLC

    RESTORE AC · KY

    Directly controlled by HABITAT FOR HUMANITY OF METRO LOUISVILLE INC

  • SANTA FE CROSSING LLC

    LAND DEVELOPMENT · KY · assets $1,096,398

Related partnerships

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

  • PARK SPRINGS LLC

    RELATED · DEVELOPMENT · KY · 90% owned · share of income -$34,403 · share of assets $698,677 · general or managing partner

    Directly controlled by HABITAT FOR HUMANITY OF METRO LOUISVILLE

Provenance

Return type
form_990
Tax year
2023
Filed
2 July 2024
IRS schema version
2023v5.1
Source object
202431979349302018

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