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Nonprofiteer
← HABITAT FOR HUMANITY INTERNATIONAL INC

Form 990 for tax year 2022

Filed by HABITAT FOR HUMANITY INTERNATIONAL INC.

Totals

Total revenue
$3,152,606
Total expenses
$1,459,043
Contributions and grants received
$2,344,846
Grants paid
$176,317
Program service revenue
$672,360
Investment income
$81,412
Other revenue
$53,988
Total assets, end of year
$36,752,114
Total liabilities, end of year
$32,230,650
Net assets or fund balances, end of year
$4,521,464
Program services expenses (Part IX)
$1,098,774
Management and general expenses
$285,368
Fundraising expenses
$74,901
Program service expenses (Part III)
$1,098,774

Program services were 75.3% 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

    $227,701

  • 1e · Government grants (contributions)

    $579,920

  • 1f · All other contributions, gifts and grants

    $1,537,225

  • 1g · Noncash contributions included above

    $31,632

  • 2a · Program service revenue: LENDING & INTERST INCO

    total $322,060 · related or exempt $322,060

  • 2b · Program service revenue: AFFILIATE FEES

    total $273,604 · related or exempt $273,604

  • 2c · Program service revenue: CONFERENCE REVENUE

    total $38,444 · related or exempt $38,444

  • 2d · Program service revenue: OTHER FEES

    total $38,252 · related or exempt $38,252

  • 3 · Investment income

    total $81,412 · excluded $81,412

  • 6a · Gross rents

    real property $24,240

  • 6b · Less rental expenses

    real property $16,020

  • 6c · Rental income or loss

    real property $8,220

  • 6d · Net rental income or loss

    total $8,220 · excluded $8,220

  • 8a · Fundraising events: gross income

    $57,076

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

    $227,701

  • 8b · Fundraising events: direct expenses

    $28,497

  • 8c · Net income from fundraising events

    total $28,579 · excluded $28,579

  • 11a · Other revenue: H2K PROGRAM RESERVE CL

    total $16,366 · related or exempt $16,366

  • 11b · Other revenue: MISCELLANEOUS

    total $823 · excluded $823

  • 11e · Other revenue, total

    $17,189

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,317 · program services $176,317

  • 5 · Compensation of officers, directors and key employees

    total $167,802 · program services $114,269 · management and general $48,715 · fundraising $4,818

  • 7 · Other salaries and wages

    total $402,400 · program services $287,313 · management and general $65,340 · fundraising $49,747

  • 9 · Other employee benefits

    total $46,515 · program services $33,045 · management and general $6,558 · fundraising $6,912

  • 10 · Payroll taxes

    total $39,144 · program services $27,560 · management and general $7,673 · fundraising $3,911

  • 11c · Fees: accounting

    total $21,522 · management and general $21,522

  • 11g · Fees: other

    total $195,883 · program services $85,340 · management and general $108,908 · fundraising $1,635

  • 12 · Advertising and promotion

    total $1,049 · program services $634 · management and general $385 · fundraising $30

  • 13 · Office expenses

    total $36,456 · program services $24,267 · management and general $9,898 · fundraising $2,291

  • 16 · Occupancy

    total $51,054 · program services $44,800 · management and general $2,068 · fundraising $4,186

  • 17 · Travel

    total $11,744 · program services $10,108 · management and general $1,444 · fundraising $192

  • 19 · Conferences, conventions and meetings

    total $35,925 · program services $33,895 · management and general $1,545 · fundraising $485

  • 20 · Interest

    total $201,476 · program services $201,476

  • 22 · Depreciation, depletion and amortization

    total $2,411 · program services $1,557 · management and general $733 · fundraising $121

  • 23 · Insurance

    total $8,436 · management and general $8,436

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $39,866 · program services $39,866

  • 24b · Other expenses: MISCELLANEOUS

    total $11,657 · program services $8,941 · management and general $2,143 · fundraising $573

  • 24c · Other expenses: TITHE

    total $9,386 · program services $9,386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,647,010

  • 2 · Savings and temporary cash investments

    beginning of year $4,471,857 · end of year $1,795,330

  • 4 · Accounts receivable

    beginning of year $27,237 · end of year $27,542

  • 8 · Inventories for sale or use

    beginning of year $3,630

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,434 · end of year $48,902

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

    $58,189

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

    $34,977

  • 10c · Land, buildings and equipment, net

    beginning of year $2,760 · end of year $23,212

  • 13 · Investments: program-related

    beginning of year $25,525,773 · end of year $33,117,269

  • 15 · Other assets

    beginning of year $0 · end of year $92,849

  • 17 · Accounts payable and accrued expenses

    beginning of year $250,027 · end of year $194,176

  • 19 · Deferred revenue

    beginning of year $451,825 · end of year $338,899

  • 23 · Secured mortgages and notes payable

    beginning of year $25,871,316 · end of year $31,511,057

  • 25 · Other liabilities

    beginning of year $134,123 · end of year $186,518

  • 27 · Net assets without donor restrictions

    beginning of year $3,392,672 · end of year $4,347,206

  • 28 · Net assets with donor restrictions

    beginning of year $11,728 · end of year $174,258

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY, AND HOPE.

  • THE MAIN PROGRAM OFFERED BY HABITAT FOR HUMANITY OF MINNESOTA (HFH-MN) IS A LOAN PROGRAM THROUGH WHICH WE PROVIDE A SECONDARY MARKET FOR HABITAT MORTGAGES. AS OF JUNE 30, 2023, WE HAVE FINANCED 971 MORTGAGES FOR AFFILIATES FOR TOTAL LOAN DISBURSEMENTS OF $72.1 MILLION. OVER 2,750 HABITAT FOR HUMANITY HOMES HAVE BEEN SOLD TO PARTNER FAMILIES IN MINNESOTA SINCE THE LATE 1980S. COLLECTIVELY, THESE MORTGAGES TOTAL OVER $100 MILLION IN PRINCIPAL BALANCES. THESE HOMES ARE SOLD WITH 0% INTEREST OR ZERO-EQUIVALENT MORTGAGES. HOMEOWNER MORTGAGE PAYMENTS ARE USED TO BUILD MORE HABITAT HOMES. THE HABITAT MINNESOTA LOAN FUND ALLOWS HFH-MN TO ACT AS A SECONDARY LENDER FOR MINNESOTA HFH MORTGAGES. AFFILIATES PLEDGE THEIR HOMEOWNERS MORTGAGES AND MONTHLY MORTGAGE PAYMENTS TO THE FUND. IN RETURN, AFFILIATES GET THE CASH VALUE OF THE MORTGAGE RIGHT AWAY, RATHER THAN HAVING TO WAIT 20 TO 30 YEARS FOR THE PAYMENTS TO COME IN. AFFILIATES THEN USE THIS CASH TO ACCELERATE HOME BUILDING, ACQUIRE LAND FOR LARGE-SCALE PROJECTS, AND LEVERAGE SUPPORT FROM OTHERS. ALL PLEDGED MORTGAGES MUST BE TO HOMEOWNERS WITH INCOMES AT OR BELOW 80% OF MEDIAN AT THE TIME THE FAMILY WAS SELECTED. A SUBSET OF THIS LOAN FUND WAS APPROVED AND ROLLED OUT IN FY'22. HABITAT HOMEBUYERS MAKING EQUAL TO OR LESS THAN 80% AREA MEDIAN INCOME CAN BE QUALIFIED TO RECEIVED DOWNPAYMENT ASSISTANCE IN THE FORM OF A SUBORDINATE MORTGAGE. THIS SUBORDINATE MORTGAGE LOWERS THE FIRST MORTGAGE AMOUNT, MAKING THEIR PAYMENTS MORE AFFORDABLE, AND FUNDS ARE DISBURSED AFTER CLOSING TO THE HABITAT AFFILIATE WHO DEVELOPED AND SOLD THE PROPERTY. THE HOMEOWNER BEGINS AMMORITIZED REPAYMENT OF THE SUBORDINATE MORTGAGE ONLY AFTER THE FIRST MORTGAGE HAS BEEN PAID IN FULL. AS OF JUNE 30, 2023, $3 MILLION HAS BEEN DISBURSED FOR THESE PURPOSES.

    Expenses $429,383 · Revenue $626,017

  • HABITAT MINNESOTA SUPPORTS HABITAT AFFILIATES IN MINNESOTA IN IMPLEMENTING THEIR LOCAL AND STATE-LEVEL ADVOCACY GOALS. WE PROVIDE TRAINING AND SUPPORT WITH THE GOAL OF INCREASING AFFORDABLE HOUSING SUPPLY, EDUCATING AFFILIATES ON LAND USE POLICIES AND RESOURCES, AND COMMUNICATING THE ECONOMIC AND COMMUNITY IMPACT HABITAT HAS AROUND THE STATE WITH DECISION-MAKERS AT VARIOUS LEVELS OF GOVERNMENT. HABITAT MINNESOTA IS SEEN AS THE STATE'S EXPERT ON AFFORDABLE HOMEOWNERSHIP. HABITAT IS A NONPARTISAN ORGANIZATION FOCUSED ON BUILDING A WORLD WHERE EVERYONE HAS AN AFFORDABLE PLACE TO CALL HOME.

    Expenses $144,820

  • HABITAT MINNESOTA PROVIDES TRAINING AND TECHNICAL ASSISTANCE PROGRAMMING TO OUR BORROWER AFFILIATTES. BI-ANNUALLY, HABITAT MINNSOTA HOSTS AN AFFILIATE LEARNING CONFERENCE. IN FY23, IT WAS HOSTED IN FEBRUARY 2023 AND AFFILIATES REPRESENTING 5 DIFFERENT STATES WERE PRESENT. MORE THAN 100 ATTENDEES PARTICIPATED; TOPICS INCLUDED CONSTRUCTION COST PLANNING, SAFEGUARDING, MORTGAGE SERVING COMPLIANCE, FAMILY SELECTION, BUSINESS OPERATIONS, AND OTHERS CONNECTED TO THE BUSINESS OF MANAGING A HABITAT FOR HUMANITY AFFILIATE.

    Expenses $124,854 · Revenue $38,444

  • OTHER PROGRAM SERVICES INCLUDE EDUCATIONAL EVENTS, SUSTAINABLE BUILDING AND COST SAVING TECHNIQUES, MARKETING AND COMMUNICATION, AND FUNDRAISING EVENTS.

    Expenses $399,717 · Grants $176,317 · Revenue $24,265

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

Listed in Part VII

  • Julie Gugin

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bret Busse

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Deb Flannery

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Pelkey

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mary Jayne Crocker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Cumming

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Gettle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marjorie Grevious

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Haley

    BOARD MEMBER - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Henry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Geri Hickerson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emma Kasiga

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jill Keiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cathy Lawrence

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ruth Lunde

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Grant Piller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cole St Arnold

    BOARD MEMBER - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • Aubrey Albrecht

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cristen Incitti

    PRESIDENT & CEO

    Total calculated
    $159,485
    From this org
    $130,198
    From related orgs
    $0
    Other
    $29,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,198
    Bonus
    $0
    Other
    $0
    Deferred
    $3,906
    Nontaxable benefits
    $25,381
    Filer's total
    $159,485

  • Phil Hatlie

    FINANCE DIRECTOR

    Total calculated
    $0
    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. 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202420879349300807

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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