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← HABITAT FOR HUMANITY OF KEY WEST AND LOWER FLORIDA KEYS

Form 990 for tax year 2022

Filed by HABITAT FOR HUMANITY OF KEY WEST AND LOWER FLORIDA KEYS.

Totals

Total revenue
$6,186,470
Total expenses
$3,899,484
Contributions and grants received
$2,234,595
Grants paid
$0
Program service revenue
$2,194,478
Investment income
$487,144
Other revenue
$1,270,253
Total assets, end of year
$10,566,325
Total liabilities, end of year
$4,428,533
Net assets or fund balances, end of year
$6,137,792
Program services expenses (Part IX)
$3,303,909
Management and general expenses
$556,866
Fundraising expenses
$38,709
Program service expenses (Part III)
$3,303,909

Program services were 84.7% 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.

  • 1f · All other contributions, gifts and grants

    $2,234,595

  • 2a · Program service revenue: SALE OF HOMES

    total $1,384,861 · related or exempt $1,384,861

  • 2b · Program service revenue: RENTAL INCOME

    total $409,777 · related or exempt $409,777

  • 2c · Program service revenue: AMORTIZATION - MORTGAGE DISC.

    total $281,143 · related or exempt $281,143

  • 2d · Program service revenue: ADMINISTRATIVE FEES

    total $80,311 · related or exempt $80,311

  • 2e · Program service revenue: RESTORE

    total $35,710 · related or exempt $35,710

  • 2f · All other program service revenue

    total $2,676 · related or exempt $2,676

  • 3 · Investment income

    total $61,985 · excluded $61,985

  • 7a · Gross sales of assets other than inventory

    other assets $446,249

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

    other assets $21,090

  • 7c · Gain or loss

    other assets $425,159

  • 7d · Net gain or loss

    total $425,159 · related or exempt $425,159

  • 11a · Other revenue: DISCOUNT ON NOTE PAYABLE

    total $1,270,253 · related or exempt $1,270,253

  • 11e · Other revenue, total

    $1,270,253

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $243,569 · program services $160,951 · management and general $82,131 · fundraising $487

  • 9 · Other employee benefits

    total $60,896 · program services $40,239 · management and general $20,535 · fundraising $122

  • 10 · Payroll taxes

    total $18,020 · program services $11,908 · management and general $6,076 · fundraising $36

  • 11g · Fees: other

    total $129,923 · program services $68,701 · management and general $32,685 · fundraising $28,537

  • 13 · Office expenses

    total $27,978 · program services $687 · management and general $26,340 · fundraising $951

  • 16 · Occupancy

    total $64,284 · program services $51,452 · management and general $4,256 · fundraising $8,576

  • 20 · Interest

    total $220,110 · program services $109,961 · management and general $110,149

  • 22 · Depreciation, depletion and amortization

    total $76,720 · program services $57,601 · management and general $19,119

  • 23 · Insurance

    total $76,440 · program services $60,539 · management and general $15,901

  • 24a · Other expenses: CONSTRUCTION COST

    total $1,585,383 · program services $1,585,383

  • 24b · Other expenses: DISCOUNT ON NEW MORTGAGES

    total $1,072,810 · program services $927,124 · management and general $145,686

  • 24c · Other expenses: COST OF HOMES REPAIR

    total $176,746 · program services $176,746

  • 24d · Other expenses: COST OF MORTGAGE SALES

    total $80,309 · management and general $80,309

  • 24e · All other expenses

    total $66,296 · program services $52,617 · management and general $13,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,458,408 · end of year $4,121,964

  • 4 · Accounts receivable

    beginning of year $59,860 · end of year $459,190

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,529 · end of year $15,764

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

    $2,019,515

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

    $528,424

  • 10c · Land, buildings and equipment, net

    beginning of year $1,512,992 · end of year $1,491,091

  • 15 · Other assets

    beginning of year $4,432,532 · end of year $4,478,316

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,612 · end of year $40,385

  • 19 · Deferred revenue

    beginning of year $72,299 · end of year $25,000

  • 23 · Secured mortgages and notes payable

    beginning of year $3,533,427 · end of year $4,334,717

  • 25 · Other liabilities

    beginning of year $20,177 · end of year $28,431

  • 27 · Net assets without donor restrictions

    beginning of year $3,850,806 · end of year $6,137,792

Mission and programs · 2022

Mission

HABITAT FOR HUMANITY OF KEY WEST AND LOWER FLORIDA KEYS IS A NON-PROFIT VOLUNTEER ORGANIZATION WHOSE PURPOSE IS TO PROVIDE DECENT, LOW COST AND AFFORDABLE HOUSING THROUGHOUT THE LOWER FLORIDA KEYS BY PROVIDING NEW HOME CONSTRUCTION, RESTORATION AND EMERGENCY RESIDENTIAL REPAIRS FOR THE ECONOMICALLY DISADVANTAGE.

  • THE ORGANIZATION PROVIDES DECENT LOW COST AND AFFORDABLE HOUSING THROUGH NEW HOME CONSTRUCTION, RESTORATION AND EMERGENCY RESIDENTIAL REPAIRS FOR THE ECONOMICALLY DISADVANTAGED. IN 2023, THE ORGANIZATION SOLD 5 HOMES AND REPAIRED APPROXIMATELY 16 HOMES.

    Expenses $2,891,165 · Revenue $1,668,680

  • THE ORGANIZATION OFFERS AFFORDABLE RENTAL PROPERTIES FOR THOSE INDIVIDUALS WHO QUALIFY IN ACCORDANCE WITH THE ORGANIZATION'S INCOME GUIDELINES. THE ORGANIZATION CURRENTLY HAS APPROXIMATELY 29 UNITS FOR RENT. THE ORGANIZATION HAD APPROXIMATELY 83% OF THE UNITS RENTED AS OF YEAR END.

    Expenses $294,021 · Revenue $409,777

  • THE ORGANIZATION PROVIDES MORTGAGE AND FAMILY SERVICES TO HOMEOWNERS AS WELL AS SERVICES TO VOLUNTEERS.

    Expenses $118,723 · Revenue $116,021

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terri Hill

    PRES/CHAIRPE

    Total calculated
    $0
    Hours/week
    3

  • Debbie Batty

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Nicholas Wahrer

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Donna Moore

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lynda Woods

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Devon Ayers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brenda Callahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joe Moody

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Billy Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Al Altuve

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
21 February 2024
IRS schema version
2022v5.0
Source object
202420529349301502

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