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Nonprofiteer
← HABITAT FOR HUMANITY SARASOTA INC

Form 990 for tax year 2023

Filed by HABITAT FOR HUMANITY SARASOTA INC.

Totals

Total revenue
$7,628,658
Total expenses
$6,764,927
Contributions and grants received
$1,180,024
Grants paid
$0
Program service revenue
$5,601,774
Investment income
$552,163
Other revenue
$294,697
Total assets, end of year
$25,965,416
Total liabilities, end of year
$9,860,283
Net assets or fund balances, end of year
$16,105,133
Program services expenses (Part IX)
$5,655,874
Management and general expenses
$753,719
Fundraising expenses
$355,334
Program service expenses (Part III)
$5,655,862

Program services were 83.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,180,024

  • 1g · Noncash contributions included above

    $18,755

  • 2a · Program service revenue: Affordable Housing

    total $2,970,000 · related or exempt $2,970,000

  • 2b · Program service revenue: ReStore Operations

    total $2,241,774 · related or exempt $2,241,774

  • 2c · Program service revenue: Housing Rehabilitation

    total $390,000 · related or exempt $390,000

  • 3 · Investment income

    total $552,163 · related or exempt $552,163

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Mortgage Discount

    total $246,287 · related or exempt $246,287

  • 11b · Other revenue: Mortgage Service Fees

    total $1,500 · related or exempt $1,500

  • 11c · Other revenue: Miscellaaneous Revenue

    total $46,910 · related or exempt $46,910

  • 11e · Other revenue, total

    $294,697

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $486,718 · program services $182,718 · management and general $55,230 · fundraising $248,770

  • 7 · Other salaries and wages

    total $1,503,801 · program services $1,424,482 · management and general $79,319

  • 9 · Other employee benefits

    total $225,207 · program services $203,713 · management and general $21,494

  • 10 · Payroll taxes

    total $155,276 · program services $128,250 · management and general $10,496 · fundraising $16,530

  • 11b · Fees: legal

    total $8,684 · management and general $8,684

  • 11c · Fees: accounting

    total $35,437 · program services $7,801 · management and general $27,636

  • 11g · Fees: other

    total $96,461 · program services $36,124 · management and general $60,337

  • 12 · Advertising and promotion

    total $38,521 · program services $3,854 · fundraising $34,667

  • 13 · Office expenses

    total $303,095 · program services $176,304 · management and general $104,397 · fundraising $22,394

  • 14 · Information technology

    total $15,796 · fundraising $15,796

  • 16 · Occupancy

    total $313,796 · program services $310,795 · management and general $3,001

  • 17 · Travel

    total $54,385 · program services $24,857 · management and general $29,475 · fundraising $53

  • 20 · Interest

    total $172,010 · management and general $172,010

  • 21 · Payments to affiliates

    total $7,500 · fundraising $7,500

  • 22 · Depreciation, depletion and amortization

    total $58,335 · program services $52,680 · management and general $5,655

  • 23 · Insurance

    total $85,158 · program services $73,320 · management and general $7,878 · fundraising $3,960

  • 24a · Other expenses: Cost of Construction

    total $2,666,963 · program services $2,666,963

  • 24b · Other expenses: Critical Home Repair

    total $197,549 · program services $197,549

  • 24c · Other expenses: Repair & Maint

    total $106,090 · program services $82,328 · management and general $23,762

  • 24d · Other expenses: Mortgage Discount

    total $48,076 · program services $48,076

  • 24e · All other expenses

    total $186,069 · program services $36,060 · management and general $144,345 · fundraising $5,664

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $883,596 · end of year $1,105,651

  • 2 · Savings and temporary cash investments

    beginning of year $11,289,293 · end of year $10,144,083

  • 4 · Accounts receivable

    beginning of year $343,006 · end of year $284,883

  • 7 · Other notes and loans receivable

    beginning of year $4,233,276 · end of year $5,748,102

  • 8 · Inventories for sale or use

    beginning of year $121,943 · end of year $117,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,539 · end of year $78,062

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

    $859,140

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

    $691,958

  • 10c · Land, buildings and equipment, net

    beginning of year $161,106 · end of year $167,182

  • 15 · Other assets

    beginning of year $6,164,255 · end of year $8,320,353

  • 17 · Accounts payable and accrued expenses

    beginning of year $548,255 · end of year $540,879

  • 21 · Escrow or custodial account liability

    beginning of year $243,927 · end of year $282,652

  • 24 · Unsecured notes and loans payable

    beginning of year $5,995,800 · end of year $7,852,292

  • 25 · Other liabilities

    beginning of year $1,358,097 · end of year $1,184,460

  • 27 · Net assets without donor restrictions

    beginning of year $670,106 · end of year $543,582

  • 28 · Net assets with donor restrictions

    beginning of year $14,451,829 · end of year $15,561,551

Mission and programs · 2023

Mission

To partner with God and community to provide decent, affordable housing for people in need so they may build better lives for their families

Activities or mission (Part I)

To partner with God and community to provide decent affordable housing for people in need so they may build better lives

  • Build affordable housing through sponsorship of construction cost by donors, generate, hold and service mortgage loans for affordable houses built and sold through the program, servicing households at 50%-100% of the median income for Sarasota County, Florida.

    Expenses $3,948,413 · Revenue $3,360,000

  • Provide financial support for primary program activity of building and providing affordable housing through the sale of donated furniture, household items and building materials at retail outlets.

    Expenses $1,707,449 · Revenue $2,241,774

As filed on the 2023 return.

Listed in Part VII

  • John Peshkin

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    10 + 10 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • David Langhout

    Vice Chairman

    Total calculated
    $0
    Hours/week
    8 + 8 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Brian Watson

    Treasurer

    Total calculated
    $0
    Hours/week
    5 + 5 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Kyle Elliot

    Secretary

    Total calculated
    $0
    Hours/week
    0.6 + 0.6 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Lynn Kisser

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 0.6 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Jody Garris Jr

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 0.6 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Jennifer Poppen

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 0.6 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Justin Powell

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 0.6 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Carl Watkins

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 0.6 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Stephen Wilbur

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 0.6 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • James Keperling

    Director of Finance

    Total calculated
    $300,000
    From this org
    $150,000
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    50 + 50 related

    Schedule J breakdown matched by us

    Base
    $150,000 + $150,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $150,000 + $150,000 related

  • Renee Snyder

    President CEO

    Total calculated
    $460,000
    From this org
    $230,000
    From related orgs
    $230,000
    Other
    $0
    Hours/week
    50 + 50 related

    Schedule J breakdown matched by us

    Base
    $230,000 + $230,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $230,000 + $230,000 related

  • Tonja Rankins

    ReStore Manager

    Total calculated
    $213,436
    From this org
    $106,718
    From related orgs
    $106,718
    Other
    $0
    Hours/week
    50 + 50 related

    Schedule J breakdown matched by us

    Base
    $105,000 + $105,000 related
    Bonus
    $1,718 + $1,718 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $106,718 + $106,718 related

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.

Provenance

Return type
form_990
Tax year
2023
Filed
19 March 2025
IRS schema version
2023v6.0
Source object
202540789349300034

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