Form 990 for tax year 2023
Filed by HABITAT FOR HUMANITY INTERNATIONAL INC.
Totals
- Total revenue
- $3,889,006
- Total expenses
- $3,396,961
- Contributions and grants received
- $1,941,376
- Grants paid
- $0
- Program service revenue
- $1,911,277
- Investment income
- $28,585
- Other revenue
- $7,768
- Total assets, end of year
- $10,059,835
- Total liabilities, end of year
- $574,506
- Net assets or fund balances, end of year
- $9,485,329
- Program services expenses (Part IX)
- $3,179,387
- Management and general expenses
- $186,906
- Fundraising expenses
- $30,668
- Program service expenses (Part III)
- $3,179,387
Program services were 93.6% 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)
$134,706
-
1f · All other contributions, gifts and grants
$1,806,670
-
1g · Noncash contributions included above
$10,000
-
2a · Program service revenue: INTEREST ON MORTAGES
total $160,254 · related or exempt $160,254
-
2b · Program service revenue: MINERAL LEASE
total $132,777 · related or exempt $132,777
-
2c · Program service revenue: MORTGAGE SERVICING
total $22,629 · related or exempt $22,629
-
2d · Program service revenue: RESTORE
total $817,893 · related or exempt $817,893
-
2e · Program service revenue: SALE OF HOMES
total $772,128 · related or exempt $772,128
-
2f · All other program service revenue
total $5,596 · related or exempt $5,596
-
3 · Investment income
total $28,585 · excluded $28,585
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: INSURANCE CLAIM
-
11b · Other revenue: MISCELLANEOUS
total $7,768 · excluded $7,768
-
11e · Other revenue, total
$7,768
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $131,250 · program services $105,000 · management and general $13,125 · fundraising $13,125
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $632,964 · program services $618,187 · management and general $9,654 · fundraising $5,123
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $151,280 · program services $143,158 · management and general $4,509 · fundraising $3,613
-
10 · Payroll taxes
total $56,690 · program services $53,646 · management and general $1,690 · fundraising $1,354
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $274,121 · program services $246,372 · management and general $27,749
-
12 · Advertising and promotion
total $9,451 · program services $8,891 · management and general $560
-
13 · Office expenses
total $0
-
14 · Information technology
total $5,197 · program services $2,809 · management and general $2,388
-
15 · Royalties
total $0
-
16 · Occupancy
total $38,620 · program services $34,051 · management and general $4,569
-
17 · Travel
total $5,290 · program services $2,213 · management and general $3,077
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,871 · program services $1,897 · management and general $3,974
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $46,663 · program services $45,977 · management and general $686
-
23 · Insurance
total $68,094 · program services $100 · management and general $67,994
-
24a · Other expenses: BUILDING MATERIALS
total $1,517,201 · program services $1,517,201
-
24b · Other expenses: PROPERTY COSTS
total $261,070 · program services $261,070
-
24c · Other expenses: REPAIRS AND MAINT
total $40,490 · program services $28,462 · management and general $12,028
-
24d · Other expenses: LICENSES AND PERMITS
total $37,889 · program services $37,889
-
24e · All other expenses
total $114,820 · program services $72,464 · management and general $34,903 · fundraising $7,453
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,309,394 · end of year $2,709,844
-
2 · Savings and temporary cash investments
beginning of year $1,877,237 · end of year $1,251,974
-
3 · Pledges and grants receivable
end of year $6,719
-
4 · Accounts receivable
beginning of year $5,467 · end of year $14,140
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,365,832 · end of year $1,254,883
-
8 · Inventories for sale or use
beginning of year $24,629 · end of year $16,659
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,086,367
-
10b · Land, buildings and equipment: accumulated depreciation
$530,122
-
10c · Land, buildings and equipment, net
beginning of year $602,906 · end of year $556,245
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,321,072 · end of year $4,249,371
-
17 · Accounts payable and accrued expenses
beginning of year $30,717 · end of year $35,290
-
19 · Deferred revenue
beginning of year $95,019 · end of year $90,390
-
21 · Escrow or custodial account liability
beginning of year $351,243 · end of year $397,689
-
25 · Other liabilities
beginning of year $36,274 · end of year $51,137
-
27 · Net assets without donor restrictions
beginning of year $8,268,063 · end of year $7,799,615
-
28 · Net assets with donor restrictions
beginning of year $725,221 · end of year $1,685,714
Mission and programs · 2023
Mission
Changing lives through affordable home ownership.
-
For the year ended June 30, 2024, Midland Habitat for Humanity operated the following programs:(i) Affordable Homes Program:Land Development: As a homebuilder, Habitat will always need land and lots to construct homes, typically at the rate Habitat is building and selling houses each year. In order to ensure buildable lots in perpetuity, Habitat actively seeks donations of land/lots and purchases land/lots when donations are not possible. After acquiring the land, Habitat hires and works with contractors to do all the work needed to transform an undeveloped tract of land into a subdivision with roads and utilities ready to build houses on. This work requires extensive time and capital to ensure that Habitat has the land/lots needed to continue its program.Builder: Habitat is a construction company at its core and Habitat has two different housing models that Habitat constructs homes for.Traditional H1 Homes: This is our traditional Habitat model where homes are built and sold to people making 30-60% of the area's median income. People qualifying for this model must meet income guidelines, credit score minimum, complete sweat equity hours helping build homes, and complete a holistic homebuyers college course giving them the tools they need to thrive once they purchase their home. This model uses volunteers to help build homes and they are sold at cost with a 0% interest mortgage.H2 Homes: This is a supporting program that builds and sells homes targeting people making 60-80% of the area's median income. These homes are not built with homeowner sweat equity, donated materials, or volunteer construction help. Once completed, these homes are sold on the open market without the requirements of the traditional H1 model. This program serves three purposes 1) provides additional housing in a price point for-profit builders cannot afford to build in, 2) helps low-income families who dont qualify for our traditional program a homeownership option 3) provides program revenue used for land acquisition, and development in an ever-increasing market.Mortgage Company: Habitat sells H1 homes at no profit with a 0% interest loan, because that is not a financially viable option for banks Habitat has to issue and service its own mortgages to make that a possibility. This program allows Habitat to manually underwrite its loan to tailor requirements to Habitats low-income population which is almost always a first-time homebuyer. The income from the mortgages issued goes to support the overhead of the organization allowing it to sell homes at cost, without the need for a profit.(ii) ReStore: Habitat operates ReStore which is a non-profit retail outlet specializing in the resale of quality new and previously owned building materials, home furnishings, and appliances at 50-75% off retail prices. The income from the ReStore goes to support the overhead of the organization allowing it to sell homes at cost, without the need for a profit.
Expenses $3,179,387 · Revenue $1,803,085
As filed on the 2023 return.
Listed in Part VII
-
Joseph HopkinsJOSEPH HOPKINS
Executive Dir.
- Total calculated
- $131,250
- From this org
- $131,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Andrew RichertANDREW RICHERT
President
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie HoustonSTEPHANIE HOUSTON
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Arica GonzalezARICA GONZALEZ
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth BurgessKENNETH BURGESS
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Wes RobertsonWES ROBERTSON
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Brandon BeversdorfBRANDON BEVERSDORF
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elvie BrownELVIE BROWN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brad SmithBRAD SMITH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Emily SmithEMILY SMITH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roderick StramblerRODERICK STRAMBLER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tommy TaylorTOMMY TAYLOR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kyle ThomasKYLE THOMAS
Director
- Total calculated
- $0
- Hours/week
- 1
-
David WallaceDAVID WALLACE
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422759349301027
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