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Nonprofiteer
← FORT WORTH AREA HABITAT FOR HUMANITY INC

Form 990 for tax year 2023

Filed by FORT WORTH AREA HABITAT FOR HUMANITY INC.

Totals

Total revenue
$19,931,450
Total expenses
$16,716,390
Contributions and grants received
$4,440,536
Grants paid
$0
Program service revenue
$11,398,400
Investment income
$904,310
Other revenue
$3,188,204
Total assets, end of year
$49,238,211
Total liabilities, end of year
$2,452,835
Net assets or fund balances, end of year
$46,785,376
Program services expenses (Part IX)
$14,564,867
Management and general expenses
$857,020
Fundraising expenses
$1,294,503
Program service expenses (Part III)
$14,564,867

Program services were 87.1% 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.

  • 1d · Related organizations

    $105,281

  • 1e · Government grants (contributions)

    $1,241,742

  • 1f · All other contributions, gifts and grants

    $3,093,513

  • 1g · Noncash contributions included above

    $648,868

  • 2a · Program service revenue: HOMEOWNERSHIP TRANSFER

    total $10,302,729 · related or exempt $10,302,729

  • 2b · Program service revenue: LOAN DISCOUNT AMORTIZATION - INTE

    total $887,063 · related or exempt $887,063

  • 2c · Program service revenue: OTHER REVENUES

    total $208,608 · related or exempt $208,608

  • 3 · Investment income

    total $671,939 · excluded $671,939

  • 5 · Royalties

    total $2,580 · excluded $2,580

  • 7a · Gross sales of assets other than inventory

    other assets $232,371

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

    other assets $0

  • 7c · Gain or loss

    other assets $232,371

  • 7d · Net gain or loss

    total $232,371 · excluded $232,371

  • 10a · Gross sales of inventory

    $3,807,927

  • 10b · Cost of goods sold

    $622,303

  • 10c · Net income from sales of inventory

    total $3,185,624 · related or exempt $2,577,363 · unrelated business $608,261

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $459,268 · program services $316,747 · management and general $42,112 · fundraising $100,409

  • 7 · Other salaries and wages

    total $3,062,573 · program services $2,112,192 · management and general $280,816 · fundraising $669,565

  • 8 · Pension plan contributions

    total $100,749 · program services $69,484 · management and general $9,238 · fundraising $22,027

  • 9 · Other employee benefits

    total $229,572 · program services $158,331 · management and general $21,050 · fundraising $50,191

  • 10 · Payroll taxes

    total $252,721 · program services $174,296 · management and general $23,173 · fundraising $55,252

  • 11g · Fees: other

    total $208,306 · program services $76,845 · management and general $80,228 · fundraising $51,233

  • 12 · Advertising and promotion

    total $78,929 · program services $65,483 · fundraising $13,446

  • 13 · Office expenses

    total $195,712 · program services $71,365 · management and general $11,868 · fundraising $112,479

  • 14 · Information technology

    total $103,094 · program services $39,545 · management and general $14,624 · fundraising $48,925

  • 16 · Occupancy

    total $263,921 · program services $231,267 · management and general $16,415 · fundraising $16,239

  • 17 · Travel

    total $193,454 · program services $170,304 · management and general $15,481 · fundraising $7,669

  • 19 · Conferences, conventions and meetings

    total $12,829 · program services $4,523 · management and general $6,968 · fundraising $1,338

  • 22 · Depreciation, depletion and amortization

    total $297,745 · program services $118,373 · management and general $179,372

  • 23 · Insurance

    total $192,939 · program services $108,591 · management and general $43,954 · fundraising $40,394

  • 24a · Other expenses: COST OF HOME SALES/CONS

    total $10,408,854 · program services $10,408,854

  • 24b · Other expenses: DUES, FEES AND SUBSCRIP

    total $177,123 · program services $102,350 · management and general $52,510 · fundraising $22,263

  • 24c · Other expenses: TITHE AND GLOBAL VILLAG

    total $140,550 · program services $140,183 · management and general $367

  • 24d · Other expenses: SPECIAL EVENTS

    total $75,864 · program services $7,187 · fundraising $68,677

  • 24e · All other expenses

    total $262,187 · program services $188,947 · management and general $58,844 · fundraising $14,396

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,873,373 · end of year $6,139,457

  • 2 · Savings and temporary cash investments

    beginning of year $1,201,120 · end of year $11,855,187

  • 3 · Pledges and grants receivable

    beginning of year $452,422 · end of year $186,037

  • 4 · Accounts receivable

    beginning of year $1,743,517 · end of year $1,315,897

  • 7 · Other notes and loans receivable

    beginning of year $9,982,329 · end of year $10,644,057

  • 8 · Inventories for sale or use

    beginning of year $9,815,129 · end of year $11,459,041

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,880 · end of year $18,637

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

    $6,861,869

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

    $2,375,857

  • 10c · Land, buildings and equipment, net

    beginning of year $4,068,408 · end of year $4,486,012

  • 12 · Investments: other securities

    beginning of year $0 · end of year $3,095,983

  • 15 · Other assets

    beginning of year $84,878 · end of year $37,903

  • 17 · Accounts payable and accrued expenses

    beginning of year $507,945 · end of year $748,338

  • 19 · Deferred revenue

    beginning of year $0 · end of year $16,000

  • 21 · Escrow or custodial account liability

    beginning of year $251,514 · end of year $265,783

  • 23 · Secured mortgages and notes payable

    beginning of year $41,055 · end of year $1,382,944

  • 25 · Other liabilities

    beginning of year $90,772 · end of year $39,770

  • 27 · Net assets without donor restrictions

    beginning of year $42,349,719 · end of year $46,180,202

  • 28 · Net assets with donor restrictions

    beginning of year $986,051 · end of year $605,174

Mission and programs · 2023

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. TRINITY HABITAT ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT OFFER ASSISTANCE ON THE EXPRESSED OR IMPLIED CONDITION THAT PEOPLE MUST ADHERE TO OR CONVERT TO A PARTICULAR FAITH OR LISTEN AND RESPOND TO MESSAGING DESIGNED TO INDUCE CONVERSION TO A PARTICULAR FAITH.

Activities or mission (Part I)

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

  • HOMEOWNERSHIP PROGRAM (CODE 531390): FAMILIES IN NEED OF A DECENT PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE HOMEOWNER FAMILY'S NEEDS BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING HOUSE SIZES MODEST, AND USING DONATED CONSTRUCTION MATERIALS AND APPLIANCES, HABITAT MAKES ITS HOUSES AFFORDABLE FOR LOW-INCOME FAMILIES TO PURCHASE. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITIONS THAT FREE FAMILIES FROM INSTABILITY, STRESS AND FEAR AND ENCOURAGE SELF-RELIANCE AND CONFIDENCE. STUDIES SHOW THAT STRONG AND STABLE HOUSEHOLDS ARE FOUNDATIONAL TO CHILD DEVELOPMENT AND GROWTH. WHEN A HOME FOSTERS INSTEAD OF HINDERS HEALTH AND SAFETY, FAMILIES CAN FLOURISH. OWNING AN AFFORDABLE HOME ALSO ALLOWS HOMEOWNERS TO LIFT UP THEIR ENTIRE FAMILY BY SAVING FOR THEIR FUTURES AND INVESTING IN EDUCATIONAL OPPORTUNITIES, BOLSTERING JOB OPPORTUNITIES AND CAREER GROWTH. DURING 2023, TRINITY HABITAT BUILT 45 NEW HOMES WITH 3,063 VOLUNTEERS CONTRIBUTING 15,570.81 HOURS.

    Expenses $11,165,489 · Revenue $11,398,400

  • RESTORE: TO ASSIST HABITAT IN FULFILLING ITS MISSION OF BRINGING PEOPLE TOGETHER BUILDING HOMES, COMMUNITIES AND HOPE, IT OPERATES FOUR RESTORES (THRIFT STORES) THAT SELL DONATED CONSTRUCTION MATERIALS AND MERCHANDISE AS PART OF ITS PROGRAM SERVICES. THESE STORES ARE MANNED BOTH BY EMPLOYEES AND VOLUNTEERS AND ASSIST PEOPLE WHO WISH TO MAKE DONATIONS OF HOUSEHOLD ITEMS. THE PROCEEDS OF THE SALES OF MERCHANDISE ARE UTILIZED IN THE ACQUISITION OF LAND AND CONSTRUCTION OF HOUSING TO FULFILL OUR OVERALL MISSION.

    Expenses $1,771,196 · Revenue $2,577,363

  • HOME PRESERVATION PROGRAM (CODE 811000): OUR HOME PRESERVATION PROGRAM IS AN OUTREACH INITIATIVE THAT SEEKS TO PROVIDE A WIDE RANGE OF OPPORTUNITIES FOR LOW-TO MODERATE INCOME HOMEOWNERS, INCLUDING VETERANS AND SENIORS, WHO ARE STRUGGLING TO MAINTAIN THEIR HOMES BECAUSE OF AGE, DISABILITY, OR FAMILY CIRCUMSTANCES. WE PARTNER WITH FAMILIES TO HELP THEM RECLAIM THEIR HOMES WITH PRIDE AND DIGNITY. THE PROGRAM ALLOWS FAMILIES TO STAY IN THEIR HOME AND AVOID THE UNCERTAINTY, TRAUMA, AND EXPENSE OF MOVING. PROJECTS CONSIST OF INTERIOR AND/OR EXTERIOR REPAIRS INTENDED TO ALLEVIATE CRITICAL HEALTH, LIFE AND SAFETY ISSUES OR CODE VIOLATIONS. VOLUNTEER TEAMS WORK ALONG WITH SUBCONTRACTORS UNDER THE DIRECTION OF TRINITY HABITAT STAFF MEMBERS TO COMPLETE THE REPAIRS. DURING 2023, TRINITY HABITAT COMPLETED 115 PAHS WITH 1,211 VOLUNTEERS CONTRIBUTING 7,266 HOURS.

    Expenses $1,628,182

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

Listed in Part VII

  • Robyn Michalove

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Chuck Milliken

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Myra Savage

    BOARD PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Brian King

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kelee Lusk

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alicia Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Eckhoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth McCoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hunter Parrish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamie Griffeth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Baldwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Bedward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Weisbarth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Juan Torres

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Soter-Gunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gage Yager

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $167,195
    From this org
    $151,447
    From related orgs
    $0
    Other
    $15,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,636
    Bonus
    $15,811
    Other
    $0
    Deferred
    $9,082
    Nontaxable benefits
    $6,666
    Filer's total
    $167,195

  • Christine Panagopoulos

    CHIEF OPERATING OFFICER

    Total calculated
    $142,272
    From this org
    $130,753
    From related orgs
    $0
    Other
    $11,519
    Hours/week
    40

  • Jessica Tetirick

    CHIEF FINANCIAL OFFICER

    Total calculated
    $149,801
    From this org
    $134,781
    From related orgs
    $0
    Other
    $15,020
    Hours/week
    40

  • Michelle Kennedy

    SR. DIRECTOR OF ADVOCACY A

    Total calculated
    $118,210
    From this org
    $106,314
    From related orgs
    $0
    Other
    $11,896
    Hours/week
    40

  • Cody Hamilton

    SR. DIRECTOR OF RESTORES

    Total calculated
    $125,090
    From this org
    $117,688
    From related orgs
    $0
    Other
    $7,402
    Hours/week
    40

  • Lauren Calzada

    SR. DIRECTOR OF DEVELOPMENT

    Total calculated
    $107,361
    From this org
    $100,892
    From related orgs
    $0
    Other
    $6,469
    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 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

PART I, LINE 3
FORT WORTH AREA HABITAT FOR HUMANITY ESTABLISHES COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER THROUGH EVALUATING THE FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.1
Source object
202442699349300309

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