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Nonprofiteer
← HABITAT HOMEOWNERSHIP FINANCE SOLUTIONS INC

Form 990 for tax year 2025

Filed by HABITAT HOMEOWNERSHIP FINANCE SOLUTIONS INC.

Totals

Total revenue
$3,816,743
Total expenses
$3,768,914
Contributions and grants received
$125,000
Grants paid
$0
Program service revenue
$210,473
Investment income
$3,205,105
Other revenue
$276,165
Total assets, end of year
$6,391,876
Total liabilities, end of year
$6,967,721
Net assets or fund balances, end of year
-$575,845
Program services expenses (Part IX)
$3,768,914
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,768,914

Program services were 100.0% 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)

    $125,000

  • 2a · Program service revenue: MORTGAGE LOAN DISC AMORT

    total $210,473 · related or exempt $210,473

  • 3 · Investment income

    total $25,167 · excluded $25,167

  • 7a · Gross sales of assets other than inventory

    other assets $6,261,877

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

    other assets $3,081,939

  • 7c · Gain or loss

    other assets $3,179,938

  • 7d · Net gain or loss

    total $3,179,938 · related or exempt $3,179,938

  • 11a · Other revenue: OTHER INCOME

    total $276,165 · related or exempt $276,165

  • 11e · Other revenue, total

    $276,165

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: MORTGAGE DISCOUNT

    total $3,618,846 · program services $3,618,846

  • 24b · Other expenses: MORTGAGE SERVICE EXPENS

    total $109,086 · program services $109,086

  • 24c · Other expenses: MICELLANEOUS

    total $40,000 · program services $40,000

  • 24d · Other expenses: BANK FEES

    total $982 · program services $982

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $517,808 · end of year $542,820

  • 2 · Savings and temporary cash investments

    end of year $2,274,192

  • 3 · Pledges and grants receivable

    end of year $125,000

  • 7 · Other notes and loans receivable

    beginning of year $388,823 · end of year $3,449,864

  • 25 · Other liabilities

    beginning of year $1,530,305 · end of year $6,967,721

  • 27 · Net assets without donor restrictions

    beginning of year -$623,674 · end of year -$575,845

Mission and programs · 2025

Mission

THE CORPORATION IS ORGANIZED AND SHALL OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES OF PROVIDING AFFORDABLE HOME MORTGAGES TO ASSIST LOW AND MODERATE-INCOME FAMILIES WHO LACK ACCESS TO CAPITAL, WITH THE PURPOSE OF PROVIDING SERVICES THAT EXPAND HOMEOWNERSHIP OPPORTUNITIES TO UNDERSERVED INDIVIDUALS AND FAMILIES, AND ANY OTHER PURPOSES DESCRIBED IN SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OR ANY CORRESPONDING PROVISIONS OF FUTURE UNITED STATED REVENUE LAWS.

Activities or mission (Part I)

THE CORPORATION IS ORGANIZED FOR THE CHARITABLE PURPOSE OF PROVIDING AFFORDABLE HOME MORTGAGES.

  • PROVIDE ACCESSIBLE AND AFFORDABLE HOME MORTGAGES TO EMPOWER LOW- AND MODERATE-INCOME FAMILIES WHO HAVE LIMITED ACCESS TO TRADITIONAL CAPITAL, EXPANDING PATHWAYS TO SUSTAINABLE HOMEOWNERSHIP AND STRENGTHENING COMMUNITIES.

    Expenses $3,768,914 · Revenue $3,666,576

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JIM MORRIS

    BOARD PRESIDENT

    Total calculated
    $251,766
    From this org
    $0
    From related orgs
    $238,059
    Other
    $13,707
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,059 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,726 related
    Nontaxable benefits
    $0 + $8,981 related
    Filer's total
    $0 + $251,766 related

  • ANNIE COSTLOW

    BOARD TRESURER

    Total calculated
    $157,319
    From this org
    $0
    From related orgs
    $145,429
    Other
    $11,890
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,429 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,908 related
    Nontaxable benefits
    $0 + $8,982 related
    Filer's total
    $0 + $157,319 related

  • RACHEL NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.01

  • BRANDON TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.01

  • MATT FORTNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.01

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

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.

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 DEVELOPMENT CORPORATION

    HOUSING DEVELOPMENT · IN · income $1,741,942 · assets $803,184

    Directly controlled by HABITAT FOR HUMANITY OF GREATER INDIANAPOLIS INC

Provenance

Return type
form_990
Tax year
2025
Filed
7 May 2026
IRS schema version
2025v4.1
Source object
202611389349300716

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