2025-03-27T08:50:22-05:00 2024-06-30 560570567 DMJPS PLLC 79 WOODFIN PLACE SUITE 300 ASHEVILLE NC 28801 990 2023-07-01 561363464 ASHEVILLE AREA HABITAT FOR HUMANITY INC ASHE 8282515702 33 MEADOW ROAD ASHEVILLE NC 28803 ROBERT L DALMAN FINANCE DIRECTOR 8282515702 2025-03-26 1 0 DORINDA Y BENNETT CPA P01387673 8282542374 2025-03-26 2023 2025-03-06 01:10:19Z ROBERT L DALMAN 33 MEADOW ROAD ASHEVILLE NC 28803 13177845 0 X WWW.ASHEVILLEHABITAT.ORG X 1983 NC SEEKING TO PUT GOD'S LOVE INTO ACTION, ASHEVILLE AREA HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE. 15 15 88 2202 1149 0 5427400 3805438 4743418 4415394 140959 331703 963084 713959 11274861 9266494 154500 184050 0 0 1933508 2167331 0 0 633486 6903455 7118744 8991463 9470125 2283398 -203631 35437253 37081234 9921175 11768786 25516078 25312448 X SEEKING TO PUT GOD'S LOVE INTO ACTION, ASHEVILLE AREA HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE. 0 0 8343490 184050 5487166 THE ORGANIZATION BUILDS AND SELLS HOMES IN PARTNERSHIP WITH FAMILIES IN NEED OF SAFE, STABLE AFFORDABLE HOUSING. CONSTRUCTION AND SALE OF 13 HOMES, PLUS THE SALE OF 3 REPURCHASED/REVITALIZED HOMES, WERE COMPLETED DURING THE FISCAL YEAR ENDING JUNE 30, 2024. MAXIMIZING LAND USE, A COMBINATION OF HOME STYLES WERE BUILT: DETACHED SINGLE FAMILY HOMES, 2-STORY TOWNHOMES, AND SINGLE-LEVEL "AGING-IN-PLACE" HOMES WITH ACCESSIBILITY FEATURES GEARED TOWARD AGING ADULTS (55+) AND PEOPLE WITH DISABILITIES. ALSO DURING THE YEAR, INFRASTRUCTURE DEVELOPMENT IN A NEW COMMUNITY ACCELERATED, SETTING THE STAGE FOR THE NEXT 34 NEW HOMES, INCLUDING THE FIRST 6 TO BE SOLD IN THIS FISCAL YEAR. ADDITIONALLY, AAHH COMPLETED ONE NEW HOME IN AN ADJOINING COUNTY WITH THE SUPPORT OF LOCAL LEADERS AND VOLUNTEERS. A SECOND HOME WILL BE BUILT IN THE SAME COMMUNITY IN FY '25. IN TOTAL, 7 HOMES WERE HEADED BY A SINGLE PARENT, 2 SENIORS PURCHASED AGING-IN-PLACE HOMES, AND 1 VETERAN WAS SERVED. THE PROGRAM SUPPORTED FAMILIES IN THE RANGE OF 40%-80% AMI (AVERAGE MEDIAN INCOME), WITH A YEAR-END AVERAGE OF 58%. VOLUNTEERS DONATED 31,861 HOURS OF THEIR TIME TO THE NEW HOME CONSTRUCTION SITES.THE ORGANIZATION HELPED TO KEEP 54 LOW-INCOME FAMILIES IN THEIR OWN HOMES THROUGH A VARIETY OF REPAIRS: ROOFING, HEATING/COOLING, STRUCTURAL REPAIR, ELECTRICAL, PLUMBING, SIDING, FLOORING AND ACCESSIBILITY. OF THE HOUSEHOLDS SERVED, 81% WERE OLDER ADULTS, 33 WERE HEADED BY WOMEN, 5 WERE VETERANS, 6 WERE DISABLED OWNERS OR HOUSEHOLD MEMBERS, AND 2 CHILDREN WERE SERVED. CANDIDATES MUST BE BELOW 70% OF THE HUD AREA MEDIAN INCOME AND CONTRIBUTE A ONE-TIME PARTNER FEE OF 10% GROSS MONTHLY INCOME. THIS YEAR'S AVERAGE AMI FOR FAMILIES SERVED WAS 39%. SUPPORT FOR THE PROGRAM IS PROVIDED THROUGH GOVERNMENT GRANTS AND PRIVATE DONATIONS. THE ONGOING SUCCESS OF THE PROGRAM IS DUE TO THE HARD WORK OF HABITAT STAFF AND DEDICATED VOLUNTEERS GIVING 4,047 HOURS OF THEIR TIME. A SOURCE OF NET INCOME TO SUPPORT THE MISSION, THE ORGANIZATION RUNS 2 RESTORES, BOTH WITHIN THE SAME COUNTY. PRODUCTS INCLUDE DONATIONS OF GENTLY USED HOME GOODS, FURNITURE, APPLIANCES, BUILDING SUPPLIES, BOOKS, ART, MUSIC, JEWELRY, ELECTRONICS, AND MORE. THE MAIN LOCATION ALSO HOSTS AUCTIONS, OFFERING UNIQUE AND VALUABLE ITEMS. COMBINED REVENUES SAW AN INCREASE OF 3% OVER THE PREVIOUS YEAR. ADDITIONALLY, THE STORES DIVERTED 2,794 TONS OF GOODS FROM THE LOCAL LANDFILL, AND PROVIDED CERTIFIED LIVING WAGE JOBS WITH GENEROUS BENEFITS IN A LOW-WAGE COUNTY. VOLUNTEER OPPORTUNITIES ABOUNDED WITH 26,100 HOURS OF SERVICE IN THE FISCAL YEAR. THE STORES ALSO MADE MONTHLY DONATIONS TOTALING $22,653 TO LOCAL CHARITIES VIA A REGISTER "ROUND-UP" PROGRAM THAT ALLOWS CUSTOMERS TO SUPPLEMENT THEIR PURCHASES WITH ADDITIONAL FUNDS IN SUPPORT OF OTHER NON-PROFITS PROVIDING A VARIETY OF SERVICES TO THE UNDERSERVED COMMUNITY. THE ORGANIZATION WAS FORTUNATE TO BE A RECIPIENT OF 2 MAJOR AWARDS IN FY '22 THAT WILL HAVE A LASTING IMPACT FOR THE NEXT FEW YEARS. THE MACKENZIE SCOTT FOUNDATION PROVIDED A GIFT OF $5 MILLION TO THE AFFILIATE AS PART OF IT'S LARGER GIFT OF $436 MILLION TO HABITAT FOR HUMANITY INTERNATIONAL AND ITS AFFILIATES. THIS IMPACTFUL GIFT WILL BE USED JUDICIOUSLY TO ACCELERATE THE BUILDING OF HOMES, PROVIDE SUPPORT FOR DELAYED INFRASTRUCTURE PROJECTS, AND TO GUARANTEE THE AVAILABILITY OF FUNDS TO PURCHASE BUILDABLE LAND. AFFORDABLE LAND IS IN SHORT SUPPLY IN A MOUNTAIN COMMUNITY THAT IS EXPERIENCING BURGEONING DEVELOPMENT, HIGH HOME PRICES, LOW AVAILABILITY, AND ABOVE-NORTH CAROLINA AVERAGE RENTAL PRICES. THE SECOND AWARD, A PASS-THROUGH GRANT FROM THE COUNTY GOVERNMENT, PROVIDED $1.6 MILLION IN AMERICAN RESCUE PLAN ACT (ARPA) FUNDS FOR INFRASTRUCTURE COMPLETION AT ONE OF TWO AFFORDABLE HOUSING DEVELOPMENTS IN FY '23, AND IS SUPPORTING AN ADDITIONAL $1 MILLION TO COMPLETE THE FIRST 50% OF INFRASTRUCTURE DEVELOPMENT AT THE SECOND DEVELOPMENT.A TOTAL OF 64,052 HOURS WERE DONATED DURING THE YEAR, A POST-COVID-RECORD, AND 17% MORE THAN THE PREVIOUS YEAR. VOLUNTEERS HELPED OUT IN ALL AREAS OF THE AFFILIATE: NEW HOME CONSTRUCTION, HOMES REPAIR, DECONSTRUCTION, THE RESTORES, AND ADMINISTRATION. 8343490 1 1 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 88 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X X X ROBERT L DALMAN 8282109374 33 MEADOW RD ASHEVILLE NC 28803 BRAD OLSON PRESIDENT 1.00 X X 0 0 0 MYCHAL BACOATE VICE PRESIDENT 1.00 X X 0 0 0 JOE WARD TREASURER 1.00 X X 0 0 0 MELISSA BANKS SECRETARY 1.00 X X 0 0 0 LARRY PEEK DIRECTOR 1.00 X 0 0 0 SIDNEY MASHBURN DIRECTOR 1.00 X 0 0 0 DAVID ENGLISH DIRECTOR (PAST) 1.00 X 0 0 0 SPENCER HARDAWAY DIRECTOR 1.00 X 0 0 0 LESLIE HENNESSEE DIRECTOR (PAST) 1.00 X 0 0 0 STEPHEN MILLER DIRECTOR 1.00 X 0 0 0 KARL PAYTON DIRECTOR 1.00 X 0 0 0 BRAD RICE DIRECTOR 1.00 X 0 0 0 WES WRIGHT DIRECTOR 1.00 X 0 0 0 MICHAEL DEMPSEY DIRECTOR 1.00 X 0 0 0 STACY MILLETT DIRECTOR 1.00 X 0 0 0 JESSICA EADS DIRECTOR 1.00 X 0 0 0 KATHRYN MADISON DIRECTOR 1.00 X 0 0 0 TERRIE WILLIAMS DIRECTOR (PAST) 1.00 X 0 0 0 L ANDREW BARNETT EXECUTIVE DIRECTOR 40.00 X 105721 0 14365 ROBERT DALMAN FINANCE DIRECTOR 40.00 X 97433 0 14922 CATHERINE RAINS CHIEF RELATIONSHIPS OFFICER 40.00 X 100154 0 5999 303308 0 35286 2 0 0 0 SCG - WEAVERVILLE LLC 23B SHELTER COVE LANE 202 HILTON HEAD SC 29928 LEASING 208475 STICKELS SERVICE COMPANY LLC 204 US 70 SWANNANOA NC 28778 HVAC SUBCONTRACTOR 143865 RIDGE ROOFING 74 WARLICK RD MILLS RIVER NC 28759 ROOFING SUBCONTRACTOR 132340 MORRIS & CO LLC PO BOX 75320-0543 DALLAS TX 75320 LEGAL & TAX 131767 4 5319 1210235 2589884 238960 3805438 SALE OF HOMES 236000 3251030 3251030 AMORTIZATION OF MORTGAGE DISCOUNT 522200 778696 778696 FORGIVEN MORTGAGES 522200 355564 355564 PARTNER FAMILIES INCOME 522200 18199 18199 HOME REPAIR SALES 522200 8190 8190 3715 3715 4415394 331338 331338 1185 6153 -4968 -4968 1149 -6117 365 0 365 365 365 8474 5319 29981 -21507 -21507 4427984 3875217 552767 552767 REBATES 236000 187667 187667 187667 9266494 5487166 1149 -27259 182750 182750 1300 1300 243567 145098 42758 55711 1539286 914508 270828 353950 43489 26375 7520 9594 207596 125904 35895 45797 133393 79390 23430 30573 20179 17909 1329 941 47615 42259 3135 2221 105675 93787 6959 4929 18228 15788 225 2215 120808 71648 29893 19267 94335 71820 12524 9991 27470 23285 466 3719 126084 126084 117931 88005 18197 11729 84520 84056 -2089 2553 HOME CONSTRUCTION 4874590 4873966 375 249 DISCOUNTS ON MORTGAGES 1050103 1050103 OTHER EXPENSES 141007 122116 7912 10979 STAFF DEVELOPMENT 50694 37459 9772 3463 239505 149880 24020 65605 9470125 8343490 493149 633486 305259 308254 5326320 797915 251539 683452 281722 21694 10016471 10119424 5760362 7781144 53008 64251 12428126 3984022 8610123 8444104 3794624 6512445 1037825 2348551 35437253 37081234 452491 724599 304872 297206 8971313 9900041 192499 846940 9921175 11768786 X 21152248 21995659 4363830 3316789 25516078 25312448 35437253 37081234 X -203631 1 X X 0 1 X 1 1 1 X 3189665 3024622 10454264 5427400 3805438 25901389 3189665 3024622 10454264 5427400 3805438 25901389 4619717 21281672 77867 170240 -87391 140959 331338 633013 35875 70660 69338 99514 196141 471528 27005930 2682060 0.78800 0.78190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: UTILITY REBATES - 2019 AMOUNT: $ 35,875. 2020 AMOUNT: $ 70,660. 2021 AMOUNT: $ 69,338. 2022 AMOUNT: $ 89,038. 2023 AMOUNT: $ 187,667. ALL OTHER INCOME - 2022 AMOUNT: $ 10,476. 2023 AMOUNT: $ 8,474. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 745392 36 56500 61940 6153 733835 701065 265 49419 5357 745392 827575 65 -93975 32600 701065 641135 45226 157378 16164 827575 611769 56765 -2026 25373 641135 1.00000 1 0 2100000 1959733 4059733 3557766 1693780 1863986 3374632 1606594 1768038 1435995 683648 752347 8444104 CROSBY PERMANENT ENDOWMENT 733835 F PARK NATIONAL 1593997 F FIRST NATIONAL 2619054 F FIRST CITIZENS 1565559 F 6512445 RIGHT OF USE LEASE ASSET 845048 CASH SURRENDER VALUE LIFE INSURANCE 80100 REFUNDABLE DEPOSITS 75284 JOBS IN PROGRESS 1348119 2348551 RIGHT OF USE LEASE LIABILITIES 846940 846940 X 13171693 3905199 3905199 9266494 0 9266494 13375323 3905198 3905198 9470125 0 9470125 PART IV, LINE 2B: THE ORGANIZATION HOLDS MORTGAGES RECEIVABLE ON THE HOUSES SOLD TO HOMEOWNER FAMILIES. MORTGAGES SERVICING IS PERFORMED BY COVEY FINANCIAL. ESCROWS FOR TAXES AND INSURANCE ARE ALSO COLLECTED BY COVEY FINANCIAL AND ARE HELD IN A NON-INTEREST-BEARING DEPOSIT ACCOUNT. TAXES AND INSURANCE FOR HOMEOWNERS ARE PAID AS THEY BECOME DUE. PART X, LINE 2: THE ORGANIZATION IS TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, AS SUCH, IS NOT SUBJECT TO INCOME TAXES ON NET INCOME FROM EXEMPT PURPOSES. IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN, AND WHAT, IF ANY, EFFECT THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR TAX YEARS 2023 AND 2022. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING TAX YEAR 2020; HOWEVER, NO EXAMINATIONS ARE IN PROCESS OR ANTICIPATED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESTORE COSTS OF GOODS SOLD FUNDRAISING EXPENSES ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: RESTORE COSTS OF GOODS SOLD FUNDRAISING EXPENSES FORM 990, SCHEDULE D, PART V, LINE 4 THE ORGANIZATION PRESENTLY DESIGNATES INCOME FROM PERMANENTLY RESTRICTED REAL PROPERTY TO BE INVESTED WITH THE COMMUNITY FOUNDATION OF WNC. INCOME IS AVAILABLE TO BE USED FOR BUILDING HOUSES. IN THE FUTURE IT IS ANTICIPATED THAT THE REAL PROPERTY WILL BE SOLD. PROCEEDS FROM THE FUTURE SALE WILL ALSO BE PERMANENTLY RESTRICTED. INCOME FROM THE INVESTMENT OF THE PROCEEDS WILL BE USED TO BUILD HOMES. 1 HABITAT FOR HUMANITY INTERNATIONAL 322 WEST LAMAR STREET AMERICUS GA 317093543 911914868 501(C)(3) 177950 0 TO BUILD HOUSES HABITAT FOR HUMANITY OF NC INC 1053 E WHITAKER MILL ROAD STE 115 RALEIGH NC 27604 271296717 501(C)(3) 4800 0 OPERATION SUPPORT 2 X 0 THRIFT STORE DONATIONS X 0 THRIFT STORE DONATIONS X 10 0 THRIFT STORE DONATIONS X 11 0 FMV X BUILDING COSTS 39 183659 FMV X PROFESSIONAL FEES 22 44308 FMV X OTHER COSTS 38 10993 FMV 0 0 1 0 SCHEDULE M, PART I, COLUMN (B): SCHEDULE M, PART I, LINES 4,5, & 6: DONATIONS IN THESE CATEGORIES ARE SOLD THROUGH THE ORGANIZATION'S THRIFT STORES. DONATIONS TO THE THRIFT STORES ARE NOT RECORDED ON THE BOOKS OF THE ORGANIZATION. GROSS SALES FOR THE YEAR WERE $4,427,984 WHICH APPROXIMATE THE VALUE OF THE DONATIONS. INCLUDED IN THE DONATIONS WERE 10 VEHICLES WITH A TOTAL SALES PRICE OF $28,195. FORMS 1098-C WERE ISSUED FOR ALL VEHICLES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE EXECUTIVE COMMITTEE, AND THE FINANCE COMMITTEE WHICH ARE STANDING COMMITTEES OF THE BOARD OF DIRECTORS. AFTER COMMITTEE REVIEW, A COPY OF THE RETURN IS SENT TO MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR WHEN THE FINANCIAL AUDIT IS CONDUCTED, THE FINANCE DIRECTOR INQUIRES OF ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES WHETHER ANY CONFLICTS OF INTEREST HAVE OCCURRED. ADDITIONALLY, VENDOR AND DONOR LISTS ARE REVIEWED TO ASCERTAIN WHETHER UNREPORTED CONFLICTS OF INTEREST MAY EXIST. POTENTIAL CONFLICTS ARE EXAMINED TO DETERMINE WHETHER THESE VIOLATE THE ORGANIZATION'S POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION PLAN WHICH ESTABLISHES PAY RANGES FOR VARIOUS CLASSES OF EMPLOYEES. ANNUALLY, COMPENSATION FOR ALL EMPLOYEES IS REVIEWED BY THE EXECUTIVE MANAGMENT TEAM. RAISES ARE GENERALLY AWARDED BASED ON COST OF LIVING, BUT DEPARTMENT HEADS ARE ALLOWED TO SPREAD RAISES THROUGH THEIR DEPARTMENTS BASED ON MERIT, WITHIN STRICT LIMITS. THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS BENCHMARKED AGAINST HABITAT INTERNATIONAL COMPENSATION SURVEYS AND IS INCLUDED IN THE COMPENSATION PLAN AND THE ANNUAL REVIEW. ALL WAGE AND SALARY INCREASES ARE PRESENTED IN TOTAL TO THE BOARD OF DIRECTORS FOR APPROVAL ALONG WITH THE ANNUAL BUDGET. PERIODICALLY, THE COMPENSATION PLAN IS TESTED AGAINST INFORMATION FROM A REGIONAL SERVICE BUREAU TO ENSURE THAT WAGES AND SALARIES ARE REASONABLE TO THE WESTERN NORTH CAROLINA REGION. A REPORT OF THIS TEST IS REVIEWED BY THE HUMAN RESOURCES SUBCOMMITTEE OF THE BOARD OF DIRECTORS AND WAS LAST MADE DURING THE FISCAL YEAR ENDING JUNE 30, 2024. THE HUMAN RESOURCES COMMITTEE WILL BE EVALUATING THE COMPENSATION PLAN PERIODICALLY TO ENSURE THE WAGES AND SALARIES ARE REASONABLE TO THE WESTERN NORTH CAROLINA REGION, AND TO HABITAT INTERNATIONAL AND OTHER METRICS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE, UPON WRITTEN REQUEST, COPIES OF ITS GOVERNING DOCUMENTS AND POLICIES TO ANY PERSON WHO REQUESTS THEM. COPIES OF FINANCIAL STATEMENTS AND FORM 990 ARE KEPT IN THE OFFICE OF THE FINANCE DIRECTOR, AND ARE AVAILABLE FOR EXAMINATION BY ANY PERSON WHO WISHES TO DO SO. COPIES MAY BE OBTAINED THROUGH A WRITTEN REQUEST. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION AT WWW.ASHEVILLEHABITAT.ORG AND AT WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: ROUNDING 1. PART XII, 2C NO CHANGES FROM PRIOR YEAR.