HABITAT FOR HUMANITY INTERNATIONAL INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- HABITAT FOR HUMANITY INTERNATIONAL INC (EIN 54-1574925)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-06
- IRS object ID
- 202601269349301985
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-06T12:41:37-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 550538163 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUTTLE & STALNAKER PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1411 VIRGINIA ST E STE 100 | AddressLine1Txt |
| City | CHARLESTON | CityNm |
| State Abbreviation | WV | StateAbbreviationCd |
| ZIP | 25301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541574925 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREATER CHARLOTTESVILLE HABITAT | BusinessNameLine1Txt |
| Business Name Line2 | FOR HUMANITY INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GREA | BusinessNameControlTxt |
| Phone | 4342939066 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 967 2ND ST SE | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAN ROSENSWEIG | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 4342939066 | PhoneNum |
| Signature | 2026-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WALLACE F SUTTLE II CPA | PreparerPersonNm |
| PTIN | P00050161 | PTIN |
| Phone | 3043434126 | PhoneNum |
| Preparation | 2026-05-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAN ROSENSWEIG | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 967 2ND ST SE | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $15,162,190 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CVILLEHABITAT.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1991 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | BRING PEOPLE TOGETHER TO BUILD HOMES AND COMMUNITIES TO PROVIDE SAFE, DECENT, AFFORDABLE HOUSING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 70 | TotalEmployeeCnt |
| Total Volunteers | 2270 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,638,883 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,962,351 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,862,271 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,781,631 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$56,354 | PYInvestmentIncomeAmt |
| CY Investment Income | $70,287 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,493,140 | PYOtherRevenueAmt |
| CY Other Revenue | $1,943,525 | CYOtherRevenueAmt |
| PY Total Revenue | $21,937,940 | PYTotalRevenueAmt |
| CY Total Revenue | $13,757,794 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $26,640 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,102,977 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,060,196 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $521,804 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,433,195 | PYOtherExpensesAmt |
| CY Other Expenses | $10,134,263 | CYOtherExpensesAmt |
| PY Total Expenses | $22,543,672 | PYTotalExpensesAmt |
| CY Total Expenses | $14,221,099 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$605,732 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$463,305 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $41,176,908 | TotalAssetsBOYAmt |
| Total Assets EOY | $42,051,252 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $17,748,674 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,610,335 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $23,428,234 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,440,917 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. HABITAT FOR HUMANITY GREATER CHARLOTTESVILLE ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT OFFER ASSISTANCE ON THE EPRESSED 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,111,763 | ExpenseAmt |
| Grant | $26,640 | GrantAmt |
| Revenue | $4,657,382 | RevenueAmt |
| Desc | HOMEOWNERSHIP PROGRAM: 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 AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING HOUSE SIZES MODEST, USING DONATED CONSTRUCTION MATERIALS AND APPLIANCES, AND ISSUING NO-PROFIT LOANS, 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $912,968 | ExpenseAmt |
| Revenue | $100,126 | RevenueAmt |
| Desc | NEIGHBORHOOD REVITALIZATION PROGRAM: THROUGH OUR NEIGHBORHOOD REVITALIZATIO WORK, WE TAILOR OUR EFFORTS BY PARTNERING LOCALLY WITH RESIDENTS AND COMMUNITY LEADERS AND ORGANIZATIONS TO BEST ADDRESS THE REAL CONCERNS OF THE COMMUNITY AND IMPROVE THE LIVES OF THE PEOPLE WHO LIVE THERE. USING A DATA-DRIVEN AND CUSTOMIZABLE APPROACH, WE FOCUS ON FIRST UNDERSTANDING THE CONCERNS OF THE RESIDENTS AND THEN EMPOWERING THESE RESIDENTS TO LEAD THE PROJECTS THEY WANT TO SEE. ALONGSIDE HABITAT, RESIDENTS WORK WITH CHURCHES, SCHOOLS, NEW AND LONGSTANDING NEIGHBORHOOD COALITIONS, LOCAL GOVERNMENT ENTITIES, AND OTHER COMMUNITY PARTNERS TO ACHIEVE THEIR GOALS.BECAUSE EACH NEIGHBORHOOD'S CHALLENGES AND ASPIRATIONS ARE DIFFERENT, THE FRAMEWORK ACTS AS A GUIDE THAT CAN BE TAILORED TO THE GOALS OF EACH COMMUNITY. THAT'S WHY NEIGHBORHOOD REVIALIZATION CAN LOOK LIKE ANYTHING FROM DEVELOPING PUBLIC PARKS TO ORGANIZING SAFETY MEETINGS WITH THE LOCAL POLICE DEPARTMENT TO REHABBING AND REOPENING SCHOOLS, STORES AND HOMES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $96,667 | ExpenseAmt |
| Revenue | $400 | RevenueAmt |
| Desc | HOME PRESERVATION PROGRAM: 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 HABITAT GREATER CHARLOTTESVILLE STAFF MEMBERS TO COMPLETE THE REPAIRS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $162,385 | ExpenseAmt |
| Desc | AGING IN PLACE PROGRAM: WE PARTNER WITH FAMILIES, COMMUNITIES AND LOCAL ORGANIZATIONS TO HELP OLDER ADULTS IMPROVE THEIR HOMES AND THEIR QUALITY OF LIFE SO THAT THEY CAN FLOURISH WHERE THEY LIVE. TO GUIDE OUR WORK, HABITAT DEVELOPED HOUSING PLUS, A COMPREHENSIVE AGING INPLACE STRATEGY. THIS PERSON-CENTERED APPROACH USES TWO DIFFERENT ASSESSMENTS TO TAILOR THE PROCESS TO EACH HOMEOWNER'S NEEDS. THESE ASSESSMENTS, WHICH CONSIDER EVERYTHING FROM THE RESIDENT'S LIFESTYLE TO THEIR TYPE OF HOME, ALLOW US ADDRESS OLDER ADULTS' NEEDS HOLISTICALLY, IMPROVING THE LIKELIHOOD THAT THEY CAN AGE IN PLACE.FINANCIAL AND HOMEBUYER EDUCATION PROGRAMS: AS PART OF THE HOMEOWNERSHIP PROCESS, WE BELIEVE FINANCIAL EDUCATION BUILDS A MORE SOLID FOUNDATION FOR LONG-TERM PERSONAL SUCCESS AND HELPS ALLEVIATE ANY CONCERNS OR BARRIERS ON THE PATH TO HOMEOWNERSHIP. DURING THESE FINANCIAL EDUCATION CLASSES, WE COVER TOPICS SUCH AS BUDGETING; CREDIT CARDS AND CREDIT REPORTS; DEBT AND LOANS; SAVING, INVESTING AND PLANNING FOR THE FUTURE; EMERGENCY SITUATIONS; AND HABITAT HOMEOWNER MORTGAGES. A MORE IN-DEPTH UNDERSTANDING OF THESE IMPORTANT CONCEPTS IS A TOOL THAT CAN BE USED TO BUILD A BETTER FUTURE. DISASTER RESPONSE PROGRAM: THE MOST BASIC NEEDS - HEALTH, WATER, SANITATION, LIVELIHOODS, SAFETY, EDUCATION AND OTHERS - BECOME BOTH SCARCE AND DIRE IN THE EVENT OF A DISASTER. WE BELIEVE THAT SAFE, RELIABLE SHELTER PROVIDES THE FOUNDATION FROM WHICH ALL OF THESE THINGS CAN BEGIN TO REEMERGE DURING THE RELIEF AND REBUILDING PROCESS. WITH THE HELP OF VOLUNTEERS AND DONORS, WE ARE ABLE TO PROVIDE SHELTER ASSISTANCE, EDUCATION, TRAINING AND PARTNERSHIPS TO AFFECTED INDIVIDUALS WHO FIND THEMSELVES IN UNTHINKABLE SITUATIONS AFTER A DISASTER STRIKES. HABITAT GREATER CHARLOTTESVILLE IS COMMITTED TO EFFICIENCY AND TRANSPARENCY. WE COMMUNICATE WITH OUR SUPPORTERS, DONORS AND PROSPECTIVE DONORS BY EMAIL, POSTAL MAIL, PHONE AND OTHER MEANS, BOTH TO REQUEST CONTRIBUTIONS TO OUR CAUSE AND TO EDUCATE THE PUBLIC ABOUT HABITAT GREATER CHARLOTTESVILLE'S YEAR-ROUND PROGRAMS, VOLUNTEER OPPORTUNITIES AND OTHER EVENTS IN LOCAL COMMUNITIES AND AROUND THE WORLD. THESE EFFORTS HELP ADVANCE OUR MISSION TO PUT GOD'S LOVE INTO ACTION BY BRINGING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE. AS A RESULT, IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD GUIDELINES AND INTERNAL REVENUE SERVICE GUIDANCE, HABITAT GREATER CHARLOTTESVILLE ALLOCATES A PORTION OF OUR FUNDRAISING COSTS TO PROGRAM SERVICES. AS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL TAXATION, WE ENSURE OUR DONORS'S MONEY IS SPENT AS EFFICIENTLY AS POSSIBLE. ADDITIONALLY, WE HAVE CERTAIN EXPENSES THAT CANNOT BE BILLED SEPARATELY FOR EACH FUNCTIONAL AREA. RENT, UTILITIES, INFORMATION TECHNOLOGY AND OTHER COSTS ARE GROUPED TOGETHER. WE ALLOCATE THESE COSTS IN COMPLIANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, OR GAAP, ACROSS THE PROGRAM (INCLUDING HABITAT RESTORES), MANAGEMENT AND GENERAL,AND FUNDRAISING CATEGORIES. FINALLY, SOME STAFF MEMBERS HAVE RESPONSIBILITIES THAT CROSS OVER FUNCTIONAL AREAS. TO CALCULATE THE TIME ALLOCATION, HABITAT GREATER CHALOTTESVILLE DIVIDES THE NUMBER OF HOURS SPENT ON A PROJECT OUTSIDE OF A STAFF MEMBER'S DESIGNATED EXPENSE CATEGORY BY THE TOTAL HOURS WORKED DURING THAT PERIOD AND ALLOCATES THAT PERCENTAGE OF COSTS TO THE APPROPRIATE EXPENSE CATEGORY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $162,385 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $12,283,783 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 76 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 70 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4342939066 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 967 2ND ST SE | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ALEX URPI | ||||||
| CHAIR | 7.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CONNOR CHILDRESS | ||||||
| SECRETARY | 7.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRAD SIMPSON | ||||||
| TREASURER | 7.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CASS BAILEY | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| JOSEPH RAICHEL | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| YOLUNDA HARRELL | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN RAYMOND | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| CARLOS MORENO ESQ | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| ROB ARCHER | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| RHONDA ROBERTS | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| KIMBERLY SKELLY | ||||||
| VICE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOSHUA WYKLE | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| BILLY WAYSON | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| TERRI ALLARD | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| DOUG TROUT | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| WENDY HORTON | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| DAN ROSENSWEIG | ||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $208,513 | $0 | $6,263 | |
| DAVID SCHMIDT | ||||||
| CHIEF CONSTRUCTION OFFICER | 40.00 | Yes (X) | $95,113 | $0 | $9,710 | |
| JANETTE MURPHY | ||||||
| VP & CHIEF PARTNERSHIP OFFICER | 40.00 | Yes (X) | $128,859 | $0 | $10,765 | |
| MICHELLE WAMSLEY | ||||||
| VP & CHIEF ADVANCEMENT OFFICER | 40.00 | Yes (X) | $166,063 | $0 | $12,199 | |
| MICHAEL SCHAFER | ||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $64,105 | $0 | $4,779 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $662,653 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $43,716 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FAULCONER CONSTRUCTION COMPANY INC | |||||
| 2496 OLD IVY RD | CHARLOTESVILLE | VA | 22906 | SITE DEVELOPMENT CONTRACTING FIRM | $1,711,269 |
| MARTINEZ FRAMING LLC | |||||
| 3061 SOUTH MAIN ST SUITE H | HARRISONBURG | VA | 22801 | GENERAL BUILDING CONTRACTOR | $859,380 |
| ROUDABUSH GALE & ASSOC INC | |||||
| 999 2ND ST SE | CHARLOTESVILLE | VA | 22902 | LAND DEVELOPMENT CONTRACTING FIRM | $686,732 |
| ALBEMARLE COUNTY SERVICE AUTHORITY | |||||
| 168 SPOTNAP RD | CHARLOTESVILLE | VA | 22911 | WATER DISTRIBUTION AND SEWER COLLECTION | $535,462 |
| ROYAL FOUNDATIONS INC | |||||
| 14186 MADISON RUN RD | GORDONSVILLE | VA | 22942 | CONCRETE CONTRACTOR | $404,058 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $8,962,351 | AllOtherContributionsAmt |
| Noncash Contributions | $118,545 | NoncashContributionsAmt |
| Total Contributions | $8,962,351 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | HOME SALES | Desc |
| Business | 531390 | BusinessCd |
| Total Revenue Column | $2,781,631 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,781,631 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,781,631 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,535 | TotalRevenueColumnAmt |
| Exclusion | $37,535 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,320,563 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,220,437 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $100,126 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $100,126 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $100,126 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $105,566 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $401 | SecuritiesAmt |
| Other | $72,413 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$401 | SecuritiesAmt |
| Other | $33,153 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,752 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,752 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,464,765 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $111,145 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,353,620 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,353,620 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PARTNER HOMEBUYER MORTGAGE PAYOFF | 900099 | $272,276 | $272,276 |
| DOWNPAYMENT ASSISTANCE | 900099 | $147,519 | $147,519 |
| CANCELLATION OF DEBT | 900099 | $50,000 | $50,000 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,984 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,984 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $489,779 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,757,794 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,757,908 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $37,535 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,640 | TotalAmt |
| Program Services | $26,640 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $834,932 | TotalAmt |
| Program Services | $535,158 | ProgramServicesAmt |
| Management And General | $112,103 | ManagementAndGeneralAmt |
| Fundraising | $187,671 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,474,826 | TotalAmt |
| Program Services | $1,964,766 | ProgramServicesAmt |
| Management And General | $310,419 | ManagementAndGeneralAmt |
| Fundraising | $199,641 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $502,779 | TotalAmt |
| Program Services | $379,758 | ProgramServicesAmt |
| Management And General | $64,184 | ManagementAndGeneralAmt |
| Fundraising | $58,837 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,659 | TotalAmt |
| Program Services | $187,062 | ProgramServicesAmt |
| Management And General | $31,616 | ManagementAndGeneralAmt |
| Fundraising | $28,981 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $682,576 | TotalAmt |
| Program Services | $381,138 | ProgramServicesAmt |
| Management And General | $295,932 | ManagementAndGeneralAmt |
| Fundraising | $5,506 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,727 | TotalAmt |
| Program Services | $31,727 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,855 | TotalAmt |
| Program Services | $26,473 | ProgramServicesAmt |
| Management And General | $27,382 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164,456 | TotalAmt |
| Program Services | $51,460 | ProgramServicesAmt |
| Management And General | $71,828 | ManagementAndGeneralAmt |
| Fundraising | $41,168 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,108 | TotalAmt |
| Program Services | $335,566 | ProgramServicesAmt |
| Management And General | $116,542 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,687 | TotalAmt |
| Program Services | $24,438 | ProgramServicesAmt |
| Management And General | $8,249 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $601,263 | TotalAmt |
| Program Services | $601,263 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,303 | TotalAmt |
| Program Services | $42,865 | ProgramServicesAmt |
| Management And General | $46,438 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,967 | TotalAmt |
| Management And General | $139,967 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| COST OF HOMES SALES/CON | $6,897,539 | $6,897,539 | |
| BANK AND CREDIT CARD FE | $382,382 | $199,197 | $183,185 |
| HOMEBUYER EXPENSES | $212,423 | $212,423 | |
| COST OF REPAIRS/CONSTRU | $141,549 | $140,148 | $1,401 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,428 | TotalAmt |
| Program Services | $246,162 | ProgramServicesAmt |
| Management And General | $6,266 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,221,099 | TotalAmt |
| Program Services | $12,283,783 | ProgramServicesAmt |
| Management And General | $1,415,512 | ManagementAndGeneralAmt |
| Fundraising | $521,804 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,272,926 | BOYAmt |
| EOY | $2,660,138 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $999,698 | BOYAmt |
| EOY | $939,151 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,397 | BOYAmt |
| EOY | $35,709 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,352,973 | BOYAmt |
| EOY | $7,381,615 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,357 | BOYAmt |
| EOY | $39,705 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,213 | BOYAmt |
| EOY | $124,415 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $5,599,584 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $928,750 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,650,345 | BOYAmt |
| EOY | $4,670,834 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,724,999 | BOYAmt |
| EOY | $26,199,685 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,176,908 | BOYAmt |
| EOY | $42,051,252 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,503,510 | BOYAmt |
| EOY | $3,156,832 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,124 | BOYAmt |
| EOY | $55,971 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,982,630 | BOYAmt |
| EOY | $12,975,751 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,837,997 | BOYAmt |
| EOY | $1,701,093 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,350,413 | BOYAmt |
| EOY | $1,720,688 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,748,674 | BOYAmt |
| EOY | $19,610,335 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,500,898 | BOYAmt |
| EOY | $21,588,779 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,927,336 | BOYAmt |
| EOY | $852,138 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,428,234 | BOYAmt |
| EOY | $22,440,917 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,176,908 | BOYAmt |
| EOY | $42,051,252 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$463,305 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | $52,815 | DonatedServicesAndUseFcltsAmt |
| Prior Period Adjustments | -$576,827 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,835,213 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,577,547 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,457,628 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,638,883 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,962,351 | CurrentTaxYearAmt |
| Total | $37,471,622 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,835,213 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,577,547 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,457,628 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,638,883 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,962,351 | CurrentTaxYearAmt |
| Total | $37,471,622 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $37,471,622 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,346,966 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,380,505 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,358,098 | CurrentTaxYearAmt |
| Total | $4,085,569 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $787,172 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $42,720 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $489,782 | CurrentTaxYearAmt |
| Total | $1,319,674 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $42,876,865 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $26,644,783 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.87390 | PublicSupportCY170Pct |
| Public Support PY170 | 0.91640 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $257,504 | OtherCostOrOtherBasisAmt |
| Book Value | $257,504 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,177,875 | OtherCostOrOtherBasisAmt |
| Depreciation | $804,719 | DepreciationAmt |
| Book Value | $4,373,156 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $164,205 | OtherCostOrOtherBasisAmt |
| Depreciation | $124,031 | DepreciationAmt |
| Book Value | $40,174 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,670,834 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| HOMES UNDER CONSTRUCTION | $2,399,896 |
| LAND HELD FOR DEVELOPMENT | $21,535,216 |
| OPERATING LEASE RIGHT-OF-USE | $348,876 |
| INVESTMENT JOINT VENTURE | $1,915,697 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $26,199,685 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| RETAINAGE PAYABLE | $179,378 |
| DEPOSITS FROM PARTNER FAMILIES | $150,274 |
| DEPOSITS FROM BUILDERS | $1,010,345 |
| OPERATING LEASE | $380,691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,720,688 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $13,921,754 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $52,815 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $52,815 | RevenueNotReportedAmt |
| Revenue Subtotal | $13,868,939 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$111,145 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$111,145 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $13,757,794 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,332,244 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $111,145 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $111,145 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,221,099 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $14,221,099 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | EXPLANATION FOR ESCROW ACCOUNTS - HABITAT BUILDS IN MANY DIFFERENT AREAS AROUND TOWN AND OUT IN THE SURROUNDING COUNTIES. IN A MAJORITY OF THE CASES, THEY ARE BUILDING HOMES IN COMMUNITIES WITH A HOMEOWNERS ASSOCIATION (HOA). TYPICALLY THESE HOAS INCLUDE A MONTHLY ESCROWED AMOUNT THAT IS SET ASIDE IN A RESERVE ACCOUNT FOR MAINTAINING THE EXTERIOR OF EACH HOME. IN THAT WAY, THE PROPERTY VALUES FOR ALL NEIGHBORS ARE PROTECTED BECAUSE RESOURCES ARE AVAILABLE TO KEEP HOMES LOOKING GOOD. HOWEVER, NOT ALL OF THE NEIGHBORHOODS THEY BUILD IN PROVIDE THIS RESOURCE, AND THEY WERE FINDING DIFFERING LEVELS OF EXTERIOR MAINTENANCE BEING PERFORMED BY THEIR HOMEOWNERS. SO, IN ORDER TO CREATE A LEVEL PLAYING FIELD ACROSS THEIR ENTIRE PROGRAM THEY INSTITUTED THE EXTERIOR UPKEEP PROGRAM AND THE CORRESPONDING ESCROW ACCOUNT. |
| PART X, LINE 2: | THE ORGANIZATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE ORGANIZATION. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | COGS INVENTORY -111,145. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COGS INVENTORY 111,145. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HABITAT FOR HUMANITY INTERNATIONAL | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 121 HABITAT STREET | AddressLine1Txt |
| City | AMERICUS | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 31709 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 911914868 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $26,640 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | ANNUAL TITHE | PurposeOfGrantTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAN ROSENSWEIG | ||||||||||||||
| PRESIDENT/CEO | $208,513 | $0 | $0 | $0 | $0 | $0 | $6,263 | $0 | $0 | $0 | $214,776 | $0 | $0 | $0 |
| MICHELLE WAMSLEY | ||||||||||||||
| VP & CHIEF ADVANCEMENT OFFICER | $166,063 | $0 | $0 | $0 | $0 | $0 | $5,311 | $0 | $6,888 | $0 | $178,262 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CONNOR CHILDRESSSCOTT KRONER PLC | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | DIRECTOR | RelationshipDescriptionTxt |
| Transaction | $43,894 | TransactionAmt |
| Transaction | LEGAL SERVICES | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION PAID BOARD MEMBERS FOR LEGAL SERVICES RELATED TO CLOSING ON THE SALES OF PARTNER FAMILY HOMES AND OTHER REAL ESTATE MATTERS. THIS ARRANGEMENT WAS DISCLOSED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE AND FOLLOWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | MATERIALS | Desc |
| Contribution | 0 | ContributionCnt |
| Noncash Contributions Rpt F990 | $118,545 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION'S FORM 990 WAS REVIEWED BY THE CEO, CFO, AND COMPLIANCE OFFICER PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD MEMBERS REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IN ADDITION, DISCLOSURE OF CONFLICTS OF INTEREST ARE INCLUDED AT THE BEGINNING OF EVERY BOARD MEETING. THE TREASURER REVIEWS ALL TRANSACTIONS WITH RELATED PARTIES TO ENSURE COMPLIANCE. STAFF MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION'S BOARD USES COMPARABLE SALARY RATES FOR SIMILAR NON-PROFITS TO DETERMINE COMPENSATION FOR TOP MANAGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION'S 1023 AND FORM 990 ARE STORED AT THE ORGANIZATION'S OFFICE AND ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO FILED ANNUALLY WITH THE VIRGINIA DEPARTMENT OF AGRICULTURE, OFFICE OF CONSUMER AFFAIRS, AND IS AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. IN ADDITION, THE GOVERNING DOCUMENTS ARE FILED ANNUALLY WITH THE VIRGINIA DEPARTMENT OF AGRICULTURE, OFFICE OF CONSUMER AFFAIRS, AND ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION PROCESS FOR SELECTION AND RETENTION OF INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt |
|---|---|---|---|---|---|---|---|---|
| SUNRISE PARK LLC | ||||||||
| 967 2ND ST SE | CHARLOTTESVILLE | VA | 22902 | 541574925 | CONSTRUCTION OF OPERATIONS OF SUNRISE PARK DEVELOPMENT | VA | $20,852 | $749,153 |
| SOUTHWOOD CHARLOTTESVILLE LLC | ||||||||
| 967 2ND ST SE | CHARLOTTESVILLE | VA | 22902 | 541574925 | OPERATE SOUTHWOOD TRAILER PARK UNTIL FUTURE DEVELOPMENT | VA | $1,072,511 | $22,753,675 |
| BELMONT COTTAGES LLC | ||||||||
| 967 2ND ST SE | CHARLOTTESVILLE | VA | 22902 | 541574925 | CONSTRUCTION OF BELMONT COTTAGES DEVELOPMENT | VA | ||
| CREATIVE HOUSING OF GREATER CHARLOTTESVILLE INC | ||||||||
| 967 2ND ST SE | CHARLOTTESVILLE | VA | 22902 | 541574925 | SUPPORT HABITAT FOR HUMANITY OF GREATER CHARLOTTESVILLE | VA | ||
| HABITAT 991 FIFTH STREET | ||||||||
| 967 2ND ST SE | CHARLOTTESVILLE | VA | 22902 | 541574925 | CONSTRUCTION OF FIFTH STREET DEVELOPMENT | VA | ||
| CARDINAL HILL CONDOMINIUMS LLC | ||||||||
| 967 2ND ST SE | CHARLOTTESVILLE | VA | 22902 | 541574925 | OWNER AND OPERATE SOUTHWOOD RENTAL CONDOS | VA | $142,146 | $3,358,491 |
| GCHFH EXTERIOR UPKEEP LLC | ||||||||
| 967 2ND ST SE | CHARLOTTESVILLE | VA | 22902 | 541574925 | OWNER AND OPERATE EXTERIOR UPKEEP (EXUP) PROGRAM | VA | $14,233 | |
Unrelated Org Txbl Partnership UnrelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Predominate IncomePredominateIncomeDesc | All Partners C3 SAllPartnersC3SInd | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Share Of Total IncomeShareOfTotalIncomeAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HFHI NMTC LEVERAGE LENDER 2021 LLC | |||||||||||||
| 285 PEACHTREE CNTR AVE NE STE 2700 | ATLANTA | GA | 30303 | 541574925 | NEW MARKETS TAX CERDITS FACILITATION | GA | RELATED | Yes (1) | $1,867,311 | 0 | 0 | 0.08580 | |
| HABITAT CARLTON ALLIANCE LLC | |||||||||||||
| 1412 CARLTON AVE SUITE 1 | CHARLOTTESVILLE | VA | 22902 | 994902132 | AQUIRE,OWN,OPERATE,AND REDEVELOP CARLTON MOBILE PARK | VA | RELATED | 0 | $48,386 | 0 | 0 | 0.50000 | $48,386 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 990 SCHEDULE R PART VI | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION PARTICIPATES IN THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM. NMTC PROGRAMS WERE ESTABLISHED AS PART OF THE COMMUNITY RENEWAL TAX RELIEF ACT OF 2000. THE GOAL OF NMTC PROGRAMS IS TO SPUR REVITALIZATION EFFORTS IN LOW-INCOME AND IMPOVERISHED COMMUNITIES ACROSS THE UNITED STATES AND ITS TERRITORIES BY PROVIDING TAX CREDIT INCENTIVES TO INVESTORS IN CERTIFIED COMMUNITY DEVELOPMENT ENTITIES. THE TAX CREDIT FOR INVESTORS EQUALS 39% OF THE INVESTMENT, AND INVESTORS RECEIVED THE TAX CREDIT OVER A SEVEN YEAR PERIOD. A COMMUNITY DEVELOPMENT ENTITY (CDE) IS REQUIRED TO PARTICIPATE AND HAS THE PRIMARY MISSION OF PROVIDING FINANCING FOR REVITALIZATION PROJECTS IN LOW-INCOME COMMUNITIES. NMTC FINANCING ALLOWS ORGANIZATIONS SUCH AS HABITAT FOR HUMANITY AFFILIATES TO RECEIVE LOW-INTEREST LOANS OR INVESTMENT CAPITAL FROM CDES, PRIMARLY FINANCIAL INSTITUTIONS, WHICH ALLOW THEIR INVESTORS TO RECEIVE TAX CREDITS. AS A RESULT OF PARTICIPATION IN THE NMTC PROGRAM, THE ORGANIZATION RECEIVED LOW-INTEREST LOANS. THE LOANS ARE GUARANTEED BY HABITAT INTERNATIONAL. THE LENDER PROVIDES ADMINISTRATIVE SUPPORT FOR THE NMTC PROGRAM ON BEHALF OF THE HABITAT AFFILIATES PARTICIPATING IN THE NMTC PROGRAM. IN CONNECTION WITH THE NMTC PROGRAM, THE ORGANIZATION, ALONG WITH OTHER HABITAT AFFILIATES FORMED THE LLCS LISTED ON SCHEDULE R AS JOINT VENTURES THAT ALLOW PARTICIPATING HABITAT AFFILIATES TO TAKE ADVANTAGE OF NMTC FINANCING. THE LLCS ARE ACCOUNTED FOR USING THE EQUITY METHOD IN ORDER TO PRACTICE CONSISTENT REPORTING FOR THE INVESTMENTS. | ExplanationTxt |