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← HABITAT FOR HUMANITY INTERNATIONAL INC

Form 990 for tax year 2023

Filed by HABITAT FOR HUMANITY INTERNATIONAL INC.

Totals

Total revenue
$8,507,261
Total expenses
$8,481,485
Contributions and grants received
$2,653,590
Grants paid
$0
Program service revenue
$1,241,249
Investment income
$13,328
Other revenue
$4,599,094
Total assets, end of year
$11,493,359
Total liabilities, end of year
$2,308,243
Net assets or fund balances, end of year
$9,185,116
Program services expenses (Part IX)
$7,986,090
Management and general expenses
$146,859
Fundraising expenses
$348,536
Program service expenses (Part III)
$7,986,090

Program services were 94.2% 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)

    $528,806

  • 1f · All other contributions, gifts and grants

    $2,124,784

  • 1g · Noncash contributions included above

    $374,298

  • 2a · Program service revenue: SALE OF HOUSES

    total $972,335 · excluded $972,335

  • 2b · Program service revenue: MORTGAGE DISCOUNT AMORTIZATIO

    total $266,444 · excluded $266,444

  • 2c · Program service revenue: MISCELLANEOUS INCOME

    total $2,470 · excluded $2,470

  • 3 · Investment income

    total $18,548 · excluded $18,548

  • 6a · Gross rents

    real property $2,500

  • 6b · Less rental expenses

    real property $5,467

  • 6c · Rental income or loss

    real property -$2,967

  • 6d · Net rental income or loss

    total -$2,967 · excluded -$2,967

  • 7a · Gross sales of assets other than inventory

    other assets $2,000

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

    other assets $7,220

  • 7c · Gain or loss

    other assets -$5,220

  • 7d · Net gain or loss

    total -$5,220 · related or exempt -$5,220

  • 8a · Fundraising events: gross income

    $300,855

  • 8c · Net income from fundraising events

    total $300,855 · excluded $300,855

  • 10a · Gross sales of inventory

    $4,623,828

  • 10b · Cost of goods sold

    $322,622

  • 10c · Net income from sales of inventory

    total $4,301,206 · excluded $4,301,206

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,810,546 · program services $3,534,142 · management and general $64,095 · fundraising $212,309

  • 9 · Other employee benefits

    total $123,059 · program services $114,801 · management and general $4,129 · fundraising $4,129

  • 10 · Payroll taxes

    total $303,443 · program services $276,153 · management and general $13,645 · fundraising $13,645

  • 11c · Fees: accounting

    total $46,647 · program services $29,851 · management and general $15,398 · fundraising $1,398

  • 11g · Fees: other

    total $578 · fundraising $578

  • 12 · Advertising and promotion

    total $174,014 · program services $164,568 · fundraising $9,446

  • 13 · Office expenses

    total $270,139 · program services $256,136 · management and general $8,456 · fundraising $5,547

  • 16 · Occupancy

    total $1,011,704 · program services $989,768 · management and general $10,968 · fundraising $10,968

  • 17 · Travel

    total $263,047 · program services $260,665 · management and general $1,191 · fundraising $1,191

  • 19 · Conferences, conventions and meetings

    total $19,735 · program services $14,999 · management and general $2,368 · fundraising $2,368

  • 21 · Payments to affiliates

    total $27,000 · program services $27,000

  • 22 · Depreciation, depletion and amortization

    total $61,178 · program services $54,567 · management and general $5,289 · fundraising $1,322

  • 23 · Insurance

    total $246,871 · program services $225,551 · management and general $21,320

  • 24a · Other expenses: CONSTRUCTION COSTS

    total $1,183,575 · program services $1,183,575

  • 24b · Other expenses: MORTGAGE DISCOUNT

    total $446,247 · program services $446,247

  • 24c · Other expenses: A BRUSH WITH KINDNESS

    total $237,272 · program services $237,272

  • 24d · Other expenses: LAND COSTS

    total $170,795 · program services $170,795

  • 24e · All other expenses

    total $85,635 · fundraising $85,635

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,994,528 · end of year $1,009,856

  • 2 · Savings and temporary cash investments

    beginning of year $417,073 · end of year $435,998

  • 3 · Pledges and grants receivable

    beginning of year $200,170 · end of year $177,495

  • 4 · Accounts receivable

    beginning of year $47,076 · end of year $124,406

  • 7 · Other notes and loans receivable

    beginning of year $3,659,104 · end of year $3,828,640

  • 8 · Inventories for sale or use

    beginning of year $1,091,685 · end of year $921,246

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105,887 · end of year $78,845

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

    $2,164,300

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

    $332,589

  • 10c · Land, buildings and equipment, net

    beginning of year $1,334,546 · end of year $1,831,711

  • 15 · Other assets

    beginning of year $2,856,129 · end of year $3,085,162

  • 17 · Accounts payable and accrued expenses

    beginning of year $877,959 · end of year $735,676

  • 21 · Escrow or custodial account liability

    beginning of year $6,916 · end of year $18,451

  • 25 · Other liabilities

    beginning of year $1,661,983 · end of year $1,554,116

  • 27 · Net assets without donor restrictions

    beginning of year $8,745,434 · end of year $7,776,998

  • 28 · Net assets with donor restrictions

    beginning of year $413,906 · end of year $1,408,118

Mission and programs · 2023

Mission

HABITAT FOR HUMANITY PENINSULA & GREATER WILLIAMSBURG, INC. WAS FOUNDED IN OCTOBER 1985 AS A NONPROFIT, ECUMENICAL HOUSING MINISTRY AFFILIATED WITH HABITAT FOR HUMANITY INTERNATIONAL, INC., TO SEEK TO ELIMINATE POVERTY AND HOMELESSNESS FROM THE WORLD,AND TO MAKE DECENT SHELTER A MATTER OF CONSCIENCE AND ACTION. THROUGH VOLUNTEER LABOR AND DONATIONS OF MONEY AND MATERIALS, HABITAT BUILDS SIMPLE, DECENT HOUSES WITH THE HELP OF LOW-INCOME HOMEOWNER FAMILIES. HABITAT FOR HUMANITY PENINSULA & GREATER WILLIAMSBURG FOCUSES ITS EFFORTS IN NEWPORT NEWS, HAMPTON, WILLIAMSBURG, JAMES CITY COUNTY, YORK COUNTY, NEW KENT AND CHARLES CITY AREAS OF VIRGINIA. THE HOUSES BUILT BY HABITAT AND ITS VOLUNTEERS ARE SOLD TO PARTNER FAMILIES AT NO PROFIT, FINANCED WITH AFFORDABLE,NO INTEREST LOANS. THE HOMEOWNERS' MONTHLY MORTGAGE PAYMENTS GO TO FUND MORE HOUSES AND THE OPERATIONS OF HABITAT. IN ADDITION TO THE MONTHLY MORTGAGE PAYMENT, EACH HOMEOWNER FAMILY INVESTS HUNDREDS OF HOURS OF THEIR OWN LABOR INTO TH

  • CONSTRUCTION & SALE OF HOMES. HABITAT COMPLETED AND SOLD 6 HOUSES DURING FYE JUNE 2024. AT JUNE 30, 2024, AN ADDITIONAL 22 HOUSES WERE UNDER CONSTRUCTION. COSTS EXPENDED TO DATE ON THE HOUSES IN PROGRESS TOTALING 1,560,876 ARE CAPITALIZED ON THE BALANCE SHEET AND NOT INCLUDED IN THE EXPENSE AMOUNT REPORTED ON THE 990. PROGRAM EXPENSE INCLUDES THE DIRECT COST OF CONSTRUCTION, CONSTRUCTION OVERHEAD, AND THE COSTS OF SELECTING POTENTIAL HOMEOWNERS AND EDUCATING THEM IN THE RESPONSIBILITIES OF HOMEOWNERSHIP. THIS INCLUDES HOME REPAIRS AND MAINTENANCE AND FINANCIAL AND CREDIT EDUCATION.

    Expenses $3,312,263 · Revenue $974,805

  • HOMES ARE SOLD TO QUALIFIED LOW-INCOME FAMILIES WITH INTEREST AT -0-%, GENERALLY WITH 20 TO 30 YEAR MORTGAGES. THE MORTGAGES ARE DISCOUNTED TO REFLECT THE FMV OF THE 0% INTEREST RATE. THIS DISCOUNT IS THE COST TO HABITAT OF PROVIDING THE MORTGAGES.

    Expenses $446,247 · Revenue $266,444

  • VOLUNTARY SUPPORT OF HABITAT FOR HUMANITY INTERNATIONAL HOUSE BUILDING PROGRAMS OUTSIDE THE UNITED STATES, AND DONATIONS TO OTHER CHARITABLE ORGANIZATIONS.

    Expenses $27,000

  • HABITAT FOR HUMANITY RESTORES ARE NONPROFIT HOME IMPROVEMENT STORES AND DONATION CENTERS THAT SELL NEW AND GENTLY-USED FURNITURE, APPLIANCES, HOME ACCESSORIES, BUILDING MATERIALS AND MORE TO THE PUBLIC AT A FRACTION OF RETAIL PRICE. THE GOAL OF THE RESTORE IS TO GENERATE ENOUGH PROFITS TO BUILD MORE HABITAT HOMES FOR DESERVING, LOW-INCOME FAMILIES, AS WELL AS TO PROMOTE RECYCLING. 100% OF THE NET PROCEEDS FROM THE RESTORES ARE USED TO BUILD AND SELL AFFORDABLE HOUSING.

    Expenses $4,200,580

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Keith Vander Vennet

    PRESIDENT

    Total calculated
    $0

  • Jim Golini

    PRESIDENT EL

    Total calculated
    $0

  • Stephen Abbitt

    IM. PAST PRE

    Total calculated
    $0

  • Brandon Knight

    TREASURER

    Total calculated
    $0

  • Curtis Lassiter

    SECRETARY

    Total calculated
    $0

  • Lindsey Carney Smith

    OF COUNSEL

    Total calculated
    $0

  • Valarie Miller

    BOARD MEMBER

    Total calculated
    $0

  • Don B Brown

    BOARD MEMBER

    Total calculated
    $0

  • Brian Fields

    BOARD MEMBER

    Total calculated
    $0

  • Cynthia Hall

    BOARD MEMBER

    Total calculated
    $0

  • Seletia Hamiel

    BOARD MEMBER

    Total calculated
    $0

  • David Hancock

    BOARD MEMBER

    Total calculated
    $0

  • Denise McRoberts

    BOARD MEMBER

    Total calculated
    $0

  • Kelly Peck

    BOARD MEMBER

    Total calculated
    $0

  • Marcia S Price

    BOARD MEMBER

    Total calculated
    $0

  • Sherry Thacker

    BOARD MEMBER

    Total calculated
    $0

  • Charlene Kruger Yackanich

    BOARD MEMBER

    Total calculated
    $0

  • Paul Criner

    BOARD MEMBER

    Total calculated
    $0

  • Terri Francis

    BOARD MEMBER

    Total calculated
    $0

  • Alyssa Kelley

    BOARD MEMBER

    Total calculated
    $0

  • Robert Lefkowicz

    BOARD MEMBER

    Total calculated
    $0

  • Janet V Green

    CEO

    Total calculated
    $211,595
    From this org
    $211,595
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $211,595
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $211,595

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 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.0
Source object
202442789349300509

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