Skip to content
Nonprofiteer
← HABITAT FOR HUMANITY OF THE MISSISSIPPI GULF COAST INC

Form 990 for tax year 2023

Filed by HABITAT FOR HUMANITY OF THE MISSISSIPPI GULF COAST INC.

Totals

Total revenue
$2,268,663
Total expenses
$4,927,622
Contributions and grants received
$426,661
Grants paid
$0
Program service revenue
$1,647,507
Investment income
$33,174
Other revenue
$161,321
Total assets, end of year
$22,053,384
Total liabilities, end of year
$8,154,402
Net assets or fund balances, end of year
$13,898,982
Program services expenses (Part IX)
$4,460,187
Management and general expenses
$368,435
Fundraising expenses
$99,000
Program service expenses (Part III)
$4,460,187

Program services were 90.5% 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

    $426,661

  • 1g · Noncash contributions included above

    $59,991

  • 2a · Program service revenue: RENTALS

    total $1,045,006 · related or exempt $1,045,006

  • 2b · Program service revenue: HOUSING & CONSTRUCTION

    total $602,501 · related or exempt $602,501

  • 3 · Investment income

    total $235 · excluded $235

  • 7a · Gross sales of assets other than inventory

    other assets $160,500

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

    other assets $127,561

  • 7c · Gain or loss

    other assets $32,939

  • 7d · Net gain or loss

    total $32,939 · related or exempt $32,939

  • 10a · Gross sales of inventory

    $1,821,384

  • 10b · Cost of goods sold

    $1,660,541

  • 10c · Net income from sales of inventory

    total $160,843 · related or exempt $160,843

  • 11a · Other revenue: MISC INCOME

    total $478 · related or exempt $478

  • 11e · Other revenue, total

    $478

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $285,462 · program services $188,000 · management and general $97,462

  • 7 · Other salaries and wages

    total $1,157,967 · program services $979,323 · management and general $93,793 · fundraising $84,851

  • 8 · Pension plan contributions

    total $52,693 · program services $42,298 · management and general $7,486 · fundraising $2,909

  • 9 · Other employee benefits

    total $142,894 · program services $112,723 · management and general $27,624 · fundraising $2,547

  • 10 · Payroll taxes

    total $147,494 · program services $141,649 · fundraising $5,845

  • 11c · Fees: accounting

    total $54,734 · program services $47,451 · management and general $7,283

  • 11g · Fees: other

    total $59,197 · program services $58,324 · management and general $673 · fundraising $200

  • 12 · Advertising and promotion

    total $30,230 · program services $28,025 · fundraising $2,205

  • 13 · Office expenses

    total $176,796 · program services $169,866 · management and general $6,487 · fundraising $443

  • 16 · Occupancy

    total $310,323 · program services $293,153 · management and general $17,170

  • 17 · Travel

    total $66,243 · program services $66,243

  • 19 · Conferences, conventions and meetings

    total $7,512 · program services $7,512

  • 20 · Interest

    total $205,359 · program services $205,359

  • 22 · Depreciation, depletion and amortization

    total $422,311 · program services $348,537 · management and general $73,774

  • 23 · Insurance

    total $279,588 · program services $242,905 · management and general $36,683

  • 24a · Other expenses: MISSION COSTS

    total $617,557 · program services $617,557

  • 24b · Other expenses: HOUSING CONSTRUCTION CO

    total $515,202 · program services $515,202

  • 24c · Other expenses: LOANS FORGIVEN

    total $283,480 · program services $283,480

  • 24d · Other expenses: NMTC CLOSING EXP

    total $92,580 · program services $92,580

  • 24e · All other expenses

    total $20,000 · program services $20,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $738,936 · end of year $597,264

  • 2 · Savings and temporary cash investments

    beginning of year $596 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $814,376 · end of year $844,915

  • 4 · Accounts receivable

    beginning of year $210,913 · end of year $218,738

  • 7 · Other notes and loans receivable

    beginning of year $3,637,834 · end of year $3,108,897

  • 8 · Inventories for sale or use

    beginning of year $4,779,537 · end of year $3,494,943

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,236 · end of year $50,196

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

    $5,686,816

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

    $1,691,916

  • 10c · Land, buildings and equipment, net

    beginning of year $4,232,397 · end of year $3,994,900

  • 11 · Investments: publicly traded securities

    beginning of year $54,095 · end of year $57,049

  • 13 · Investments: program-related

    beginning of year $2,629,800 · end of year $2,629,800

  • 15 · Other assets

    beginning of year $7,461,142 · end of year $7,056,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $338,077 · end of year $252,090

  • 18 · Grants payable

    beginning of year $1,800 · end of year $1,800

  • 21 · Escrow or custodial account liability

    beginning of year $49,908 · end of year $55,445

  • 23 · Secured mortgages and notes payable

    beginning of year $7,689,090 · end of year $7,845,067

  • 27 · Net assets without donor restrictions

    beginning of year $16,438,193 · end of year $13,897,482

  • 28 · Net assets with donor restrictions

    beginning of year $116,794 · end of year $1,500

Mission and programs · 2023

Mission

INCREASE AFFORDABLE HOUSING ACCESS TO LOW/MODERATE-LOW HOUSEHOLDS AND PROVIDE COMMUNITY & ECONOMIC DEVELOPMENT OPPORTUNITIES THROUGH PROGRAMS AND SERVICE.

Activities or mission (Part I)

INCREASE AFFORDABLE HOUSING ACCESS TO LOW/MODERATE-LOW HOUSEHOLDS AND PROVIDE COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES THROUGH PROGRAMS AND SERVICE.

  • CONSTRUCTION/REHAB OF HOUSES FOR LOW-INCOME FAMILIES

    Expenses $1,853,498 · Revenue $602,501

  • RENTAL OF HOUSES TO LOW-INCOME FAMILIES

    Expenses $1,186,265 · Revenue $1,045,006

  • OPERATION OF THRIFT STORE TO SUPPORT PROGRAM MISSION

    Expenses $1,420,424 · Revenue $1,071,145

  • OTHER MISCELLANEOUS REVENUE

    Revenue $478

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

Listed in Part VII

  • CHRIS MONFORTON

    CEO

    Total calculated
    $206,631
    From this org
    $188,000
    From related orgs
    $0
    Other
    $18,631
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $188,000
    Bonus
    $0
    Other
    $0
    Deferred
    $7,520
    Nontaxable benefits
    $11,111
    Filer's total
    $206,631

  • MONICA WALKER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • STACEY MILES

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • RICKY COX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • BERNIE COUSINS

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • GRAHAM GREEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • RICHARD WIDDOWS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DEVEN MOORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DAVID STEWARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • COLLETTE POPPENDIECK

    CFO

    Total calculated
    $106,979
    From this org
    $97,462
    From related orgs
    $0
    Other
    $9,517
    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 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202403129349301230

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.