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Nonprofiteer
← HABITAT FOR HUMANITY INTERNATIONAL INC

Form 990 for tax year 2024

Filed by HABITAT FOR HUMANITY INTERNATIONAL INC.

Totals

Total revenue
$16,306,479
Total expenses
$11,877,711
Contributions and grants received
$11,928,113
Grants paid
$136,857
Program service revenue
$4,719,496
Investment income
-$118,047
Other revenue
-$223,083
Total assets, end of year
$41,610,024
Total liabilities, end of year
$11,868,808
Net assets or fund balances, end of year
$29,741,216
Program services expenses (Part IX)
$10,773,146
Management and general expenses
$361,023
Fundraising expenses
$743,542
Program service expenses (Part III)
$10,773,146

Program services were 90.7% 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

    $23,329

  • 1e · Government grants (contributions)

    $501,063

  • 1f · All other contributions, gifts and grants

    $11,403,721

  • 1g · Noncash contributions included above

    $318,457

  • 2a · Program service revenue: SALE OF HOMES

    total $3,699,595 · related or exempt $3,699,595

  • 2b · Program service revenue: AMORTIZATION OF MORTGAGE DISCOUNT

    total $747,971 · related or exempt $747,971

  • 2c · Program service revenue: FORGIVEN MORTGAGES

    total $248,615 · related or exempt $248,615

  • 2d · Program service revenue: EARNED DISCOUNTS

    total $15,607 · related or exempt $15,607

  • 2e · Program service revenue: PARTNER FAMILIES INCOME

    total $7,708 · related or exempt $7,708

  • 3 · Investment income

    total $294,414 · related or exempt $294,414

  • 6a · Gross rents

    real property $611

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $611

  • 6d · Net rental income or loss

    total $611 · unrelated business $611

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

    other assets $412,461

  • 7c · Gain or loss

    other assets -$412,461

  • 7d · Net gain or loss

    total -$412,461 · excluded -$412,461

  • 8a · Fundraising events: gross income

    $0

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

    $23,329

  • 8b · Fundraising events: direct expenses

    $2,557

  • 8c · Net income from fundraising events

    total -$2,557 · excluded -$2,557

  • 10a · Gross sales of inventory

    $3,706,482

  • 10b · Cost of goods sold

    $4,626,285

  • 10c · Net income from sales of inventory

    total -$919,803 · related or exempt -$919,803

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $485,398 · related or exempt $485,398

  • 11b · Other revenue: OTHER INCOME

    total $173,537 · related or exempt $173,537

  • 11c · Other revenue: REBATES

    total $39,731 · related or exempt $39,731

  • 11e · Other revenue, total

    $698,666

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $136,857 · program services $136,857

  • 5 · Compensation of officers, directors and key employees

    total $247,270 · program services $169,948 · management and general $16,809 · fundraising $60,513

  • 7 · Other salaries and wages

    total $1,764,340 · program services $1,208,294 · management and general $119,109 · fundraising $436,937

  • 8 · Pension plan contributions

    total $51,251 · program services $36,308 · management and general $3,691 · fundraising $11,252

  • 9 · Other employee benefits

    total $251,555 · program services $178,211 · management and general $18,115 · fundraising $55,229

  • 10 · Payroll taxes

    total $151,362 · program services $103,709 · management and general $10,249 · fundraising $37,404

  • 11b · Fees: legal

    total $56,671 · program services $50,457 · management and general $3,680 · fundraising $2,534

  • 11c · Fees: accounting

    total $57,167 · program services $50,898 · management and general $3,712 · fundraising $2,557

  • 11f · Fees: investment management

    total $6,488 · program services $6,488

  • 11g · Fees: other

    total $44,321 · program services $39,461 · management and general $2,878 · fundraising $1,982

  • 12 · Advertising and promotion

    total $11,602 · program services $9,671 · management and general $82 · fundraising $1,849

  • 14 · Information technology

    total $125,498 · program services $75,980 · management and general $35,438 · fundraising $14,080

  • 16 · Occupancy

    total $114,528 · program services $95,390 · management and general $11,896 · fundraising $7,242

  • 17 · Travel

    total $29,107 · program services $25,706 · management and general $208 · fundraising $3,193

  • 20 · Interest

    total $96,375 · program services $96,375

  • 22 · Depreciation, depletion and amortization

    total $88,863 · program services $68,691 · management and general $12,266 · fundraising $7,906

  • 23 · Insurance

    total $67,886 · program services $68,231 · management and general -$1,772 · fundraising $1,427

  • 24a · Other expenses: HOME CONSTRUCTION

    total $6,862,897 · program services $6,843,601 · management and general $13,775 · fundraising $5,521

  • 24b · Other expenses: DISCOUNTS ON MORTGAGES

    total $960,571 · program services $960,571

  • 24c · Other expenses: MAINTENANCE AND REPAIRS

    total $318,404 · program services $193,709 · management and general $89,458 · fundraising $35,237

  • 24d · Other expenses: OTHER EXPENSES

    total $192,232 · program services $162,400 · management and general $9,409 · fundraising $20,423

  • 24e · All other expenses

    total $242,466 · program services $192,190 · management and general $12,020 · fundraising $38,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $308,254 · end of year $267,753

  • 2 · Savings and temporary cash investments

    beginning of year $797,915 · end of year $5,680,337

  • 3 · Pledges and grants receivable

    beginning of year $683,452 · end of year $697,074

  • 4 · Accounts receivable

    beginning of year $21,694 · end of year $141,683

  • 7 · Other notes and loans receivable

    beginning of year $10,119,424 · end of year $10,292,388

  • 8 · Inventories for sale or use

    beginning of year $7,781,144 · end of year $7,177,226

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,251 · end of year $79,514

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

    $12,253,231

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

    $3,975,020

  • 10c · Land, buildings and equipment, net

    beginning of year $8,444,104 · end of year $8,278,211

  • 13 · Investments: program-related

    beginning of year $6,512,445 · end of year $6,747,463

  • 15 · Other assets

    beginning of year $2,348,551 · end of year $2,248,375

  • 17 · Accounts payable and accrued expenses

    beginning of year $724,599 · end of year $791,479

  • 21 · Escrow or custodial account liability

    beginning of year $297,206 · end of year $255,801

  • 23 · Secured mortgages and notes payable

    beginning of year $9,900,041 · end of year $10,160,025

  • 25 · Other liabilities

    beginning of year $846,940 · end of year $661,503

  • 27 · Net assets without donor restrictions

    beginning of year $21,995,659 · end of year $21,109,899

  • 28 · Net assets with donor restrictions

    beginning of year $3,316,789 · end of year $8,631,317

Mission and programs · 2024

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, ASHEVILLE AREA HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.

  • BUILDING AND REVITALIZING HOMES FOR OWNERSHIP: ASHEVILLE AREA HABITAT FOR HUMANITY (AAHH) BUILDS AND FINANCES 1, 2, 3, AND 4-BEDROOM HOMES AND TOWNHOMES, INCLUDING AGING IN PLACE UNITS BUILT SPECIFICALLY FOR AGE 55+. THE CONSTRUCTION AND SALE OF 16 NEW HOMES IN THE GLENN BRIDGE NEIGHBORHOOD (ARDEN) AND THE REVITALIZATION AND SALE OF 3 HOMES WAS COMPLETED IN THE FISCAL YEAR ENDING JUNE 30, 2025. CONSTRUCTION BEGAN AT NEW HEIGHTS, PHASE 2 (WEST ASHEVILLE), THE FUTURE SITE OF 60 HOMES. IN ADDITION TO CORE CONSTRUCTION VOLUNTEERS AND LOCAL SPONSORING GROUPS, 34 VISITING GROUPS (OF 6-20 VOLUNTEERS) VOLUNTEERED TO BUILD HOMES WITH ASHEVILLE HABITAT POST HURRICANE HELENE. THE FIRST HABITAT AFFILIATE IN NC AND THE LARGEST BUILDER OF GREEN BUILT-CERTIFIED HOMES IN THE STATE, ASHEVILLE HABITAT PROVIDES QUALIFIED LOW-INCOME RESIDENTS THE OPPORTUNITY TO BUY A HOME AND BUILD GENERATIONAL WEALTH.

    Expenses $10,773,146 · Grants $136,857 · Revenue $4,792,773

  • REPAIRING EXISTING HOMES (TRADITIONAL & DISASTER): PRESERVING HOMEOWNERSHIP THROUGH AN AFFORDABLE HOME REPAIR PROGRAM HELPS LOW-INCOME AND OLDER ADULT RESIDENTS LIVE IN THEIR HOMES FOR LONGER, AND WITH SAFETY AND DIGNITY. HOME REPAIR PRESERVES THE CHARACTER, AFFORDABILITY, AND DIVERSITY IN OUR LOCAL NEIGHBORHOODS. IN FISCAL YEAR ENDING JUNE 30, 2025, 23 TRADITIONAL REPAIRS WERE COMPLETED, AS THE FOCUS SHIFTED AFTER HURRICANE HELENE DEVASTATED ASHEVILLE AND SURROUNDING COMMUNITIES. WITH NEARLY 100,000 HOMES DAMAGED, ASHEVILLE HABITAT IMMEDIATELY EXPANDED SERVICES TO INCLUDE A NEW DISASTER HOME REPAIR PROGRAM, IN PARTNERSHIP WITH OTHER AGENCIES THROUGH ARCHR (ASHEVILLE REGIONAL COALITION FOR HOME REPAIR). ASHEVILLE HABITAT SERVES AS THE FIDUCIARY AGENT. THE NO-COST PROGRAM HELPS LOW-INCOME HOMEOWNERS WHOSE HOUSES WERE DAMAGED BY THE STORM, PARTICULARLY THOSE UNINSURED, UNDERINSURED, AND/OR INELIGIBLE FOR FEMA ASSISTANCE. IN FY25, 72 DISASTER REPAIRS WERE COMPLETED.

  • A COMPREHENSIVE HOMEBUYER EDUCATION CURRICULUM COMPRISED OF MONEY MANAGEMENT, HOME MAINTENANCE, AND MORE SETS BUYERS UP FOR SUCCESS. THROUGH THE COURSE WORK, FUTURE NEIGHBORS GET TO KNOW EACH OTHER AND BUILD COMMUNITY BEFORE THEY EVEN MOVE INTO THEIR HOMES. HABITAT HOMEBUYERS EARN 40-80% AREA MEDIAN INCOME (AMI) AND DO NOT QUALIFY FOR TRADITIONAL LENDING PROGRAMS. HABITAT EXTENDS AFFORDABLE MORTGAGES TO QUALIFIED BUYERS, WITH PAYMENTS NOT TO EXCEED 30% OF MONTHLY INCOME. IN FY ENDING JUNE 30, 2025, 19 FAMILIES PURCHASED NEW OR REVITALIZED HOMES FROM ASHEVILLE HABITAT. 6 ARE SINGLE-PARENT HOUSEHOLDS, 12 ARE FEMALE HEAD OF HOUSEHOLDS, 2 ARE AGING IN PLACE (55+) BUYERS, AND 1 IS A VETERAN. 30 CHILDREN WERE SERVED. RESEARCH SHOWS THAT DECENT AND STABLE HOUSING IS LINKED TO IMPROVED EDUCATIONAL OUTCOMES, BETTER HEALTH, GREATER FINANCIAL STABILITY, AND STRONGER COMMUNITIES.

  • ASHEVILLE AREA HABITAT FOR HUMANITY OPERATES TWO RESTORES - ONE IN ASHEVILLE AND ONE IN WEAVERVILLE. THE STORES SELL MOSTLY DONATED HOME GOODS AND BUILDING SUPPLIES AT AFFORDABLE PRICES TO THE GENERAL PUBLIC, DIVERTING 2,400+ TONS OF MATERIAL FROM THE LANDFILL EACH YEAR. PROCEEDS FROM RESTORE SALES HELP FUND ASHEVILLE HABITAT'S BUILDING AND REPAIR PROGRAMS. VOLUNTEERS CONTRIBUTED 22,626 HOURS IN FY ENDING JUNE 30, 2025, SUPPORTING RESTORE STAFF IN ALL AREAS OF THE OPERATION. THE ASHEVILLE RESTORE WAS ONE OF THE FIRST RESTORES TO OPEN (IN 1990), AND TODAY IT REMAINS A TOP PERFORMING STORE OUT OF MORE THAN 850 RESTORES NATIONWIDE. THE WEAVERVILLE LOCATION OPENED IN AUGUST 2019. BOTH STORES CONTRIBUTE TO THE REGISTER ROUND UP PROGRAM, SUPPORTING A DIFFERENT NON-PROFIT PARTNER EACH MONTH AND RAISING MORE THAN $100,000 SINCE ITS INCEPTION IN 2019. THE ASHEVILLE STORE WAS SHUTTERED FOR MONTHS AFTER HURRICANE HELENE CAUSED SIGNIFICANT DAMAGE. $246,865 IN MERCHANDISE WAS LOST, AS WAS 4 MONTHS OF REVENUE ($808,000). RESTORE STAFF WERE DEPLOYED TO MANNA, A LOCAL FOOD BANK, WHILE THE STORE WAS CLOSED, KEEPING ALL EMPLOYED AND HELPING ANOTHER NON-PROFIT AT THEIR TIME OF GREATEST NEED. THE ASHEVILLE RESTORE REOPENED ON JANUARY 24, 2025 AFTER CLEAN-UP, RENOVATION, AND REPLACEMENT WAS COMPLETE. THE TRUCK FLEET (5, WITH A TOTAL REPLACEMENT COST OF $330,000) WAS ALSO REPLACED ENABLING THE DONATION PICK-UP PROGRAM AND DECONSTRUCTION PROGRAM TO RE-START. GENEROUS DONATIONS FROM NEAR AND FAR MADE RENOVATIONS AND REPLACEMENT POSSIBLE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mychal Bacoate

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Dempsey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joe Ward

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Banks

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brad Olson

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jessica Eads

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Spencer Hardaway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Madison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sidney Mashburn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Millett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karl Payton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Peek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wes Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terrie Williams Past

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • L Andrew Barnett

    EXECUTIVE DIRECTOR

    Total calculated
    $118,575
    From this org
    $109,521
    From related orgs
    $0
    Other
    $9,054
    Hours/week
    40

  • Robert Dalman

    FINANCE DIRECTOR

    Total calculated
    $109,853
    From this org
    $101,161
    From related orgs
    $0
    Other
    $8,692
    Hours/week
    40

  • Catherine Rains

    CHIEF RELATIONSHIPS OFFICER

    Total calculated
    $112,237
    From this org
    $105,671
    From related orgs
    $0
    Other
    $6,566
    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349306316

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