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Nonprofiteer
← HABITAT FOR HUMANITY OF GREATER CHATTANOOGA

Form 990 for tax year 2024

Filed by HABITAT FOR HUMANITY OF GREATER CHATTANOOGA.

Totals

Total revenue
$4,316,082
Total expenses
$2,903,087
Contributions and grants received
$3,084,673
Grants paid
$0
Program service revenue
$847,434
Investment income
$161,499
Other revenue
$222,476
Total assets, end of year
$7,797,964
Total liabilities, end of year
$501,586
Net assets or fund balances, end of year
$7,296,378
Program services expenses (Part IX)
$2,638,219
Management and general expenses
$160,181
Fundraising expenses
$104,687
Program service expenses (Part III)
$2,638,219

Program services were 90.9% 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

    $142,234

  • 1e · Government grants (contributions)

    $897,553

  • 1f · All other contributions, gifts and grants

    $2,044,886

  • 1g · Noncash contributions included above

    $444,773

  • 2a · Program service revenue: TRANSFER TO HOMEOWNER

    total $787,434 · related or exempt $787,434

  • 2b · Program service revenue: AMORT OF DISCOUNT/MORG

    total $60,000 · related or exempt $60,000

  • 3 · Investment income

    total $161,499 · excluded $161,499

  • 8a · Fundraising events: gross income

    $284,895

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

    $142,234

  • 8b · Fundraising events: direct expenses

    $62,289

  • 8c · Net income from fundraising events

    total $222,606 · excluded $222,606

  • 10b · Cost of goods sold

    $130

  • 10c · Net income from sales of inventory

    total -$130 · unrelated business -$130

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $272,349 · program services $231,497 · management and general $40,852

  • 7 · Other salaries and wages

    total $875,730 · program services $748,488 · management and general $45,007 · fundraising $82,235

  • 8 · Pension plan contributions

    total $37,278 · program services $31,850 · management and general $2,156 · fundraising $3,272

  • 9 · Other employee benefits

    total $26,458 · program services $22,645 · management and general $708 · fundraising $3,105

  • 10 · Payroll taxes

    total $86,311 · program services $73,681 · management and general $6,319 · fundraising $6,311

  • 11b · Fees: legal

    total $3,766 · program services $3,766

  • 11c · Fees: accounting

    total $21,600 · program services $12,848 · management and general $8,752

  • 11g · Fees: other

    total $34,442 · program services $34,442

  • 12 · Advertising and promotion

    total $21,758 · program services $18,574 · management and general $1,593 · fundraising $1,591

  • 13 · Office expenses

    total $28,449 · program services $24,285 · management and general $2,083 · fundraising $2,081

  • 16 · Occupancy

    total $73,152 · program services $62,448 · management and general $9,758 · fundraising $946

  • 17 · Travel

    total $13,559 · program services $11,575 · management and general $1,984

  • 20 · Interest

    total $13,761 · program services $13,761

  • 22 · Depreciation, depletion and amortization

    total $43,781 · program services $40,279 · management and general $3,502

  • 23 · Insurance

    total $70,379 · program services $60,079 · management and general $5,154 · fundraising $5,146

  • 24a · Other expenses: COST OF SALES HOUSE CON

    total $936,657 · program services $936,657

  • 24b · Other expenses: DISCOUNT ON MORTGAGE EX

    total $262,000 · program services $262,000

  • 24c · Other expenses: OTHER EXPENSES

    total $60,209 · program services $31,035 · management and general $29,174

  • 24d · Other expenses: TOOLS AND SUPPLIES

    total $21,448 · program services $18,309 · management and general $3,139 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,855,002 · end of year $5,373,900

  • 3 · Pledges and grants receivable

    beginning of year $326,772 · end of year $206,515

  • 4 · Accounts receivable

    beginning of year $153,234 · end of year $2,594

  • 7 · Other notes and loans receivable

    beginning of year $477,371 · end of year $637,224

  • 8 · Inventories for sale or use

    beginning of year $130 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,124 · end of year $17,734

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

    $1,722,668

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

    $880,393

  • 10c · Land, buildings and equipment, net

    beginning of year $886,056 · end of year $842,275

  • 15 · Other assets

    beginning of year $649,606 · end of year $717,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,236 · end of year $163,910

  • 23 · Secured mortgages and notes payable

    beginning of year $337,676 · end of year $337,676

  • 27 · Net assets without donor restrictions

    beginning of year $4,848,306 · end of year $5,817,181

  • 28 · Net assets with donor restrictions

    beginning of year $1,035,077 · end of year $1,479,197

Mission and programs · 2024

Mission

HABITAT FOR HUMANITY OF GREATER CHATTANOOGA (HFH-GC) BRINGS TOGETHER BUSINESSES, CHURCHES, AND OTHER COMMUNITY ORGANIZATIONS IN PARTNERSHIP WITH LOW INCOME FAMILIES TO SPARK AUTHENTIC TRANSFORMATION IN OUR CITY THROUGH THE CONSTRUCTION OF SIMPLE, DECENT, AFFORDABLE AND SAFE HOMES.

  • THE LARGEST PORTION OF HFH-GC'S PROGRAM IS THE PROCESS OF HOME BUILDING. THIS INCLUDES LAND ACQUISITION AND DEVELOPMENT, HOME DESIGN AND CONSTRUCTION, VOLUNTEER MANAGEMENT, AND RELATED EFFORTS THAT ARE INVOLVED IN THE CREATION OF AFFORDABLE HOMES THAT ARE SOLD AT COMPLETION TO QUALIFIED FAMILIES THROUGH ZERO PERCENT INTEREST LOAN SUPPORT AND AT NO PROFIT.

    Expenses $1,557,365 · Revenue $787,434

  • THE SECOND LARGEST PORTION OF HFH-GC'S PROGRAM IS THE RESTORE OPERATION. RESTORE HELPS RECYCLE NEW AND USED CABINETS, APPLIANCES, LIGHTING, HARDWARE AND OTHER ITEMS DONATED BY AREA BUSINESSES AND INDIVIDUALS INTO THE COMMUNITY, WHILE GENERATING FUNDS TO SUPPORT HABITAT'S WORK IN CHATTANOOGA.

    Expenses $475,479

  • THE THIRD LARGEST PORTION OF HFH-GC'S PROGRAM COVERS THE PROCESS OF RECRUITING AND IDENTIFYING POTENTIAL HABITAT PARTNER FAMILIES, AND WORKING WITH THEM THROUGH THE HABITAT APPLICATION PROCESS, A COMPREHENSIVE HOME OWNERSHIP EDUCATION PROGRAM WHICH INCLUDES COURSES ON HOME MAINTENANCE AND ON FINANCIAL MANAGEMENT, AND FOLLOW UP SUPPORT ONCE THEY ARE LIVING IN THEIR NEW HOME. THIS SUPPORT SPANS THE 30+ YEAR LIFE OF THEIR HABITAT ZERO-INTEREST MORTGAGE.

    Expenses $343,375

  • ZERO INTEREST LOANS ARE EXTENDED TO PARTNER FAMILIES AT A DISCOUNT FAR BELOW MARKET RATE MORTGAGE COSTS, ALLOWING PARTNER FAMILIES TO STRETCH PRECIOUS RESOURCES. MORTGAGE DISCOUNTS ARE EXPENSED AND AMORTIZED ON THOSE MORTGAGE LOANS THAT ARE HELD IN-HOUSE, RATHER THAN BEING SOLD TO ASSET RECOVERY PROGRAMS LIKE TENNESSEE HOUSING DEVELOPMENT AGENCIES NEW START PROGRAM.

    Expenses $262,000 · Revenue $60,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DEREK BULLARD

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN ADAMS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TERNAE JORDAN JR

    DEVELOPMENT CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TONY SANDERS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DON MCDOWELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ROWENA BELCHER

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MARK FEEMSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KEN STAPLETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BLAKE TODD

    DEVELOPMENT CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • FABIOLA ORTIZ SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DONNA WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CORNELIUS BAYES

    HOMEOWNER SERVICES CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BRANT MASON

    CFO

    Total calculated
    $72,039
    From this org
    $69,073
    From related orgs
    $0
    Other
    $2,966
    Hours/week
    60

  • JENS CHRISTENSEN

    PRESIDENT & CEO

    Total calculated
    $179,789
    From this org
    $150,307
    From related orgs
    $0
    Other
    $29,482
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $150,307
    Bonus
    $0
    Other
    $0
    Deferred
    $4,791
    Nontaxable benefits
    $24,691
    Filer's total
    $179,789

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

None.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
1 December 2025
IRS schema version
2024v5.2
Source object
202513369349300346

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