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← Habitat For Humanity Of The Charlotte Region

Form 990 for tax year 2023

Filed by Habitat For Humanity Of The Charlotte Region.

Totals

Total revenue
$49,851,663
Total expenses
$53,869,958
Contributions and grants received
$23,103,981
Grants paid
$1,554,730
Program service revenue
$26,203,429
Investment income
$763,667
Other revenue
-$219,414
Total assets, end of year
$100,838,830
Total liabilities, end of year
$41,346,831
Net assets or fund balances, end of year
$59,491,999
Program services expenses (Part IX)
$50,031,102
Management and general expenses
$1,423,181
Fundraising expenses
$2,415,675
Program service expenses (Part III)
$50,031,102

Program services were 92.9% 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

    $1,427,058

  • 1e · Government grants (contributions)

    $7,405,468

  • 1f · All other contributions, gifts and grants

    $14,271,455

  • 1g · Noncash contributions included above

    $10,100,245

  • 2a · Program service revenue: MORTGAGED HOME SALES

    total $15,022,708 · related or exempt $15,022,708

  • 2b · Program service revenue: RE-STORE

    total $6,677,179 · related or exempt $6,677,179

  • 2c · Program service revenue: MORTGAGE AMORTIZATION

    total $1,868,354 · related or exempt $1,868,354

  • 2d · Program service revenue: BOOK SALES

    total $419,888 · related or exempt $419,888

  • 2e · Program service revenue: REPAIR MINISTRY

    total $12,756 · related or exempt $12,756

  • 2f · All other program service revenue

    total $2,202,544 · related or exempt $2,202,544 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $611,817 · excluded $611,817

  • 6a · Gross rents

    real property $61,225

  • 6c · Rental income or loss

    real property $61,225 · personal property $0

  • 6d · Net rental income or loss

    total $61,225 · related or exempt $61,225

  • 7a · Gross sales of assets other than inventory

    securities $141,618 · other assets $10,232

  • 7c · Gain or loss

    securities $141,618 · other assets $10,232

  • 7d · Net gain or loss

    total $151,850 · excluded $151,850

  • 8a · Fundraising events: gross income

    $15,403

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

    $1,427,058

  • 8b · Fundraising events: direct expenses

    $1,426,058

  • 8c · Net income from fundraising events

    total -$1,410,655 · excluded -$1,410,655

  • 10a · Gross sales of inventory

    $1,937,241

  • 10b · Cost of goods sold

    $807,225

  • 10c · Net income from sales of inventory

    total $1,130,016 · unrelated business -$40,455 · excluded $1,170,471

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,554,730 · program services $1,554,730

  • 5 · Compensation of officers, directors and key employees

    total $1,129,942 · program services $612,637 · management and general $267,358 · fundraising $249,947

  • 7 · Other salaries and wages

    total $10,174,855 · program services $8,639,205 · management and general $455,105 · fundraising $1,080,545

  • 8 · Pension plan contributions

    total $291,735 · program services $238,756 · management and general $18,644 · fundraising $34,335

  • 9 · Other employee benefits

    total $1,651,646 · program services $1,351,706 · management and general $105,553 · fundraising $194,387

  • 10 · Payroll taxes

    total $840,219 · program services $687,636 · management and general $53,695 · fundraising $98,888

  • 11g · Fees: other

    total $1,133,885 · program services $660,264 · management and general $179,747 · fundraising $293,874

  • 12 · Advertising and promotion

    total $274,729 · program services $166,732 · management and general $8,481 · fundraising $99,516

  • 13 · Office expenses

    total $238,580 · program services $165,013 · management and general $12,443 · fundraising $61,124

  • 14 · Information technology

    total $861,550 · program services $667,725 · management and general $103,376 · fundraising $90,449

  • 16 · Occupancy

    total $2,292,890 · program services $2,205,393 · management and general $58,137 · fundraising $29,360

  • 17 · Travel

    total $282,029 · program services $206,594 · management and general $35,067 · fundraising $40,368

  • 20 · Interest

    total $705,400 · program services $704,661 · management and general $727 · fundraising $12

  • 22 · Depreciation, depletion and amortization

    total $605,198 · program services $538,542 · management and general $52,789 · fundraising $13,867

  • 23 · Insurance

    total $362,468 · program services $338,228 · management and general $18,073 · fundraising $6,167

  • 24a · Other expenses: HOUSE SALES COST

    total $22,281,265 · program services $22,280,673 · management and general $108 · fundraising $484

  • 24b · Other expenses: COST OF REPAIRS MINISTRY

    total $7,479,126 · program services $7,479,126

  • 24c · Other expenses: MORTGAGE DISCOUNT AMORTIZATION

    total $503,670 · program services $503,670

  • 24d · Other expenses: BANK FEES

    total $376,387 · program services $306,180 · management and general $43,111 · fundraising $27,096

  • 24e · All other expenses

    total $829,654 · program services $723,631 · management and general $10,767 · fundraising $95,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,465 · end of year $6,454

  • 2 · Savings and temporary cash investments

    beginning of year $9,968,195 · end of year $8,416,053

  • 3 · Pledges and grants receivable

    beginning of year $3,504,823 · end of year $4,722,651

  • 4 · Accounts receivable

    beginning of year $78,218

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $20,559,122 · end of year $23,538,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $547,471 · end of year $657,467

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

    $13,249,131

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

    $3,327,479

  • 10c · Land, buildings and equipment, net

    beginning of year $9,670,439 · end of year $9,921,652

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $46,338,606 · end of year $45,868,832

  • 14 · Intangible assets

    beginning of year $21,116 · end of year $162,507

  • 15 · Other assets

    beginning of year $8,368,425 · end of year $7,544,365

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,153,119 · end of year $1,166,015

  • 19 · Deferred revenue

    beginning of year $306,089 · end of year $517,396

  • 21 · Escrow or custodial account liability

    beginning of year $1,309,286 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $19,658,360 · end of year $24,331,687

  • 24 · Unsecured notes and loans payable

    beginning of year $4,956,585 · end of year $7,518,677

  • 25 · Other liabilities

    beginning of year $8,194,651 · end of year $7,813,056

  • 27 · Net assets without donor restrictions

    beginning of year $56,094,941 · end of year $55,224,548

  • 28 · Net assets with donor restrictions

    beginning of year $7,389,849 · end of year $4,267,451

Mission and programs · 2023

Mission

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

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

  • Habitat Charlotte Region had a remarkable year, serving 14% more families than FY23. The affiliate is transitioning from home builder to neighborhood developer and was able to showcase its premiere project, The Meadows at Plato Price (a 39 home community in Charlotte's west side) by hosting the 37th annual Jimmy & Rosalyn Carter Work Project in Charlotte. The event welcomed more than 2,200 volunteers from 30 different states and 3 countries, for one week to work on 27 homes. In addition to raising financial resources for Habitat Charlotte Region's mission, the event amplified the importance of affordable homeownership, and progressed the timeline of the neighborhood by more than 1 year. We are proud to be among the top Habitat affiliates in the country. Home Construction continues to be at the heart of our mission. Through this program, we focus on building new homes and refurbishing existing ones, and pricing them at fair market value to sell to income-qualified homebuyers with mortgages that are "right-sized" through subsidies to be affordable. 76 families closed on new homes or existing homes last year.

    Expenses $26,975,656 · Revenue $17,156,365

  • Our mission is sustained through a healthy mix of funding streams to support our operating needs, growth goals and strategic plan. Six ReStores, where we sell new and gently-used furniture, appliances, home decor, and building materials support our operational expenses. Donations from individuals, corporations, foundations and faith partners remain a strong financial resource for Habitat Charlotte Region, and public grants continue to enable us to scale our programs and pilot new programs.

    Expenses $14,021,590 · Revenue $9,034,308

  • Our Critical Home Repair program provides qualified families with significant home repairs, improving substandard housing conditions for those with limited financial resources and preserving affordable units in our community. Our team focuses on four essential health and safety issues: unsafe roofs or floors, lacking heat, electrical system hazards, and plumbing hazards while also addressing accessibility issues in and around the home. 126 families were served through this program during the year.

    Expenses $7,479,126 · Revenue $12,756

  • Building on the success of Money Matters, a financial literacy course focused on helping individuals become homebuyer ready, Habitat Charlotte Region expanded its financial literacy programming to offer three pathways depending on an individual's financial readiness. This approach allows us to provide a more customized experience and timeline based on an initial financial assessment. Through the expanded financial literacy program, now called Pathways and Partners, the affiliate helped 290 families. Habitat Charlotte Region is entering the final year of a four-year strategic plan focused on Expanding Programmatic Success, Investing in Organizational Strength and Executing with Equity. We work closely with several local nonprofits and peer organizations that refer potential homeowners to us while also providing wrap-around services to our families. Habitat Charlotte Region understand the effects of homeownership on asset-building and wealth, improved health effects of affordable housing, the positive effects of homeownership on educational outcomes, as well as the societal and environmental benefits of homeownership. During the year, Habitat Charlotte Region provided support to Habitat for Humanity International.

    Expenses $1,554,730 · Grants $1,554,730 · Revenue $61,225

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

Listed in Part VII

  • ABDUE KNOX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEN HALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURI MUMFORD

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SPENCER DISHER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TOM SCRIVENER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ADRIAN BODDIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY CUMBERBATCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY HUDLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CINDY REID

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DARRYL WHITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DIANA MCAFEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIC MAUNTEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON RUTHERFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JR WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARCUS RABUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY BETH ROSEVEAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PEGGY CONNOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RUTH CLINE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHARON SULLIVAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAMMIE BLAKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIM RYAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOM QUIRK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOB GLUSENKAMP

    VP, CONSTRUCTION OPERATION

    Total calculated
    $166,688
    From this org
    $153,820
    From related orgs
    $0
    Other
    $12,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,820
    Bonus
    $5,000
    Other
    $0
    Deferred
    $4,913
    Nontaxable benefits
    $7,955
    Filer's total
    $166,688

  • CAITLIN GREENWELL

    VP, RETAIL OPERATIONS

    Total calculated
    $120,942
    From this org
    $110,717
    From related orgs
    $0
    Other
    $10,225
    Hours/week
    40

  • JULIE MILICH

    VP, FINANCE

    Total calculated
    $140,228
    From this org
    $131,503
    From related orgs
    $0
    Other
    $8,725
    Hours/week
    40

  • KERR COLLINS

    VP, BUSINESS OPERATIONS

    Total calculated
    $123,467
    From this org
    $108,415
    From related orgs
    $0
    Other
    $15,052
    Hours/week
    40

  • KRIS FOUNTAIN

    VP, FAMILY SERVICES

    Total calculated
    $129,106
    From this org
    $118,684
    From related orgs
    $0
    Other
    $10,422
    Hours/week
    40

  • LAURA BELCHER

    PRESIDENT & CEO

    Total calculated
    $253,272
    From this org
    $239,688
    From related orgs
    $0
    Other
    $13,584
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,688
    Bonus
    $15,000
    Other
    $0
    Deferred
    $6,698
    Nontaxable benefits
    $6,886
    Filer's total
    $253,272

  • SHANNON GREEN

    VP, ORANIZATIONAL ADVANCE

    Total calculated
    $180,406
    From this org
    $166,501
    From related orgs
    $0
    Other
    $13,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,001
    Bonus
    $7,500
    Other
    $0
    Deferred
    $5,150
    Nontaxable benefits
    $8,755
    Filer's total
    $180,406

  • BRENDA YELTON

    CONTROLLER

    Total calculated
    $112,569
    From this org
    $100,614
    From related orgs
    $0
    Other
    $11,955
    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

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • DRURY DRIVE TOWNHOMES LLC

    PROPERTY HOLDING · NC · income $0 · assets $0

    Directly controlled by HABITAT FOR HUMANITY OF CHARLOTTE INC

  • HABITAT CHARLOTTE HOMES LLC

    PROPERTY HOLDING · NC · income $78,610 · assets $3,111,016

    Directly controlled by HABITAT FOR HUMANITY OF CHARLOTTE INC

  • HABITAT CHARLOTTE PROPERTIES INC

    PROPERTY HOLDING · NC · income $0 · assets $500

    Directly controlled by HABITAT FOR HUMANITY OF CHARLOTTE INC

  • HFHC HOLDINGS LLC

    PROPERTY HOLDING · NC · income $0 · assets $1,000

    Directly controlled by HABITAT FOR HUMANITY OF CHARLOTTE INC

  • HFHC FUNDING LLC

    MORTGAGE HOLDING · NC · income $213,003 · assets $3,387,429

    Directly controlled by HABITAT FOR HUMANITY OF CHARLOTTE INC

  • NORTH MAIN DEVELOPMENT LLC

    PROPERTY HOLDING · NC · income $44,700 · assets $1,939,376

    Directly controlled by HABITAT FOR HUMANITY OF CHARLOTTE INC

  • HCR MARLBOROUGH LLC

    PROGRAM INVESTMENT - HOUSING · NC · income $0 · assets $0

    Directly controlled by HABITAT FOR HUMANITY OF CHARLOTTE INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349307936

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