2024-06-25T14:22:21-05:00 2023-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-01-01 222675802 MORRIS HABITAT FOR HUMANITY INC MORR 9738911934 274 SOUTH SALEM STREET 100 RANDOLPH NJ 07869 ELIZABETH DECOURSEY CHIEF EXECUTIVE OFFICER 9738911934 2024-06-25 1 ELIZABETH DECOURSEY 999009999 0 CHRIS PERROTTA CPA P01450368 9733281825 2024-06-24 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ELIZABETH DECOURSEY 274 SOUTH SALEM STREET 100 RANDOLPH NJ 07869 12427475 0 8545 X WWW.MORRISHABITAT.ORG X 1985 NJ SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. 14 14 130 8500 0 0 4699846 5432472 3649858 4702544 -16265 -18227 26686 194490 8360125 10311279 0 0 0 0 3287501 3591050 0 0 874451 3120904 9840389 6408405 13431439 1951720 -3120160 15038168 11630691 4769220 4481903 10268948 7148788 SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. 0 0 8974321 1403299 HOMEOWNERSHIP PROGRAM: MORRIS HABITAT FOR HUMANITY CONSTRUCTS, RENOVATES AND REPAIRS HOMES. HOMES ARE SOLD TO INCOME-QUALIFIED PARTNER FAMILIES AT AFFORDABLE PRICES WITH AFFORDABLE MORTGAGES. WE PREPARE FAMILIES TO BE SUCCESSFUL HOMEOWNERS THROUGH EXTENSIVE PRE- AND POST-SALE FINANCIAL, HOME MAINTENANCE AND OTHER SUPPORT SERVICES. WE BELIEVE THAT OWNING AN AFFORDABLE HOME ALLOWS OWNERS TO LIFT UP THEIR ENTIRE FAMILY BY SAVING FOR THEIR FUTURES AND INVESTING IN EDUCATIONAL OPPORTUNITIES, BOLSTERING JOB OPPORTUNITIES, AND CAREER GROWTH. DURING 2023, MORRIS HABITAT PROVIDED NEW HOMES TO NINE FAMILIES VIA ITS HOMEOWNERSHIP PROGRAM. 2957067 3299245 RESTORE PROGRAM: THE MORRIS HABITAT RESTORE, A RETAIL OUTLET SELLING DONATED NEW AND GENTLY USED FURNITURE, APPLIANCES AND BUILDING SUPPLIES, BENEFITS THE COMMUNITY BY PROVIDING LOWER-COST ITEMS FOR SALE, AND THE ENVIRONMENT BY KEEPING ITEMS OUT OF THE LANDFILLS. WE ALSO COLLABORATE WITH SOCIAL SERVICE AGENCIES, DONATING A PORTION OF OUR GOODS TO THEIR CLIENTS. THE RESTORE HAS A POSITIVE ENVIRONMENTAL IMPACT BY ENCOURAGING "REDUCE, REUSE, AND RECYCLING". DONATIONS TO THE RESTORE HAS KEPT OVER 18,000 TONS OF USABLE BUILDING MATERIALS, FURNITURE, APPLIANCES, AND HOUSEHOLD ITEMS, OUT OF LANDFILLS. NEIGHBORHOOD REVITALIZATION PROGRAM: OUR HOME PRESERVATION PROGRAM IS AN OUTREACH INITIATIVE THAT SEEKS TO PROVIDE A WIDE RANGE OF OPPORTUNITIES FOR INCOME ELIGIBLE HOMEOWNERS, INCLUDING VETERANS AND SENIORS, WHO ARE STRUGGLING TO MAINTAIN THEIR HOMES BECAUSE OF AGE, DISABILITY, OR FAMILY CIRCUMSTANCES. 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 AND OTHER IMPROVEMENTS INTENDED TO ALLEVIATE CRITICAL HEALTH, LIFE AND SAFETY ISSUES OR CODE VIOLATIONS. VOLUNTEER TEAMS WORK ALONG WITH SUBCONTRACTORS UNDER THE DIRECTION OF MORRIS HABITAT STAFF MEMBERS TO COMPLETE THE REPAIRS. MORRIS HABITAT COMPLETED 102 DISCRETE PROJECTS FOR LOCAL HOMEOWNERS DURING 2023. 11931388 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 25 0 1 130 1 0 0 0 0 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X X MORRIS HABITAT FOR HUMANITY 9738911934 274 SOUTH SALEM STREET SUITE 100 RANDOLPH NJ 07869 ALAN ALBIN BOARD MEMBER (NON VOTING) 5.00 X 0 0 0 ALAN ARCHULETTA BOARD MEMBER 5.00 X 0 0 0 DAVID FINE BOARD MEMBER 5.00 X 0 0 0 MARY LOU PANZANO PRESIDENT 5.00 X X 0 0 0 RAHUL GUPTA BOARD MEMBER 5.00 X 0 0 0 DONNA BRIGHTMAN SECRETARY 5.00 X X 0 0 0 GENE MESSINA VICE PRESIDENT 5.00 X X 0 0 0 TARA FRENCH BOARD MEMBER 5.00 X 0 0 0 JIM CHRISTY TREASURER 5.00 X X 0 0 0 JESSICA ESTEVES BOARD MEMBER 5.00 X 0 0 0 DONNA HUGHES JD ACC BOARD MEMBER 5.00 X 0 0 0 MICHAEL SCOTT BOARD MEMBER 5.00 X 0 0 0 ERICA SCOTT BOARD MEMBER 5.00 X 0 0 0 MARSHA MEROLA-SALMON BOARD MEMBER 5.00 X 0 0 0 THOMAS VITIELLO BOARD MEMBER 5.00 X 0 0 0 BLAIR SCHLEICHER WILSON CHIEF EXECUTIVE OFFICER 40.00 X 102705 0 10192 JOHN M KOEPPE CHIEF FINANCIAL OFFICER 40.00 X 14538 0 108 ELIZABETH DECOURSEY CHIEF EXECUTIVE OFFICER 40.00 X 132704 0 13794 DIPAL SHAH CHIEF FINANCIAL OFFICER 40.00 X 61089 0 1494 THOMAS WESCOE DIRECTOR OF CONSTRUCTION 40.00 X 90611 0 5807 CHRISTOPHER PALAZZI CHIEF DEVELOPMENT OFFICER 40.00 X 134112 0 6143 DOUGLAS WRIGHT CHIEF CONSTRUCTION OFFICER 40.00 X 106520 0 4170 BEN ROBERTS CHIEF RETAIL OFFICER 40.00 X 100776 0 11871 743055 0 53579 5 0 0 0 0 188645 2472981 2770846 1100000 5432472 RESTORE SALES 236000 3299245 3299245 SALES OF HOMES 423000 1255000 1255000 NEIGHBORHOOD REVITALIZATION PROGR 236000 115848 115848 AMORTIZATION OF MORTGAGE DISCOUNT 236000 32451 32451 4702544 1829 1829 1999118 2019174 -20056 -20056 -20056 97022 188645 97022 0 EMPLOYEE RETENTION CREDIT 900099 123769 123769 MISCELLANEOUS INCOME 900099 70721 70721 194490 10311279 4702544 0 176263 796633 645759 104238 46636 2219245 1579508 149494 490243 270662 219401 35416 15845 2594 2103 340 151 301916 228207 20355 53354 34500 7054 9342 18104 208993 42729 56591 109673 119654 72158 9304 38192 509476 370275 61638 77563 770656 746305 18901 5450 49332 18580 20360 10392 57497 57497 77203 63892 9318 3993 225449 204773 20676 CONSTRUCTION COSTS 7217010 7217010 COST OF GOODS SOLD 253033 253033 VEHICLE EXPENSE 126078 115517 10561 CREDIT LOSS EXPENSE 77672 77672 113836 87587 21394 4855 13431439 11931388 625600 874451 4675 9912 1209214 983689 2487878 1044650 83118 48206 922043 779913 7476144 6418961 56866 42588 1159709 804828 359129 354881 2439101 1947891 15038168 11630691 534678 782867 20206 13006 1703675 1654999 2510661 2031031 4769220 4481903 X 8443447 6110757 1825501 1038031 10268948 7148788 15038168 11630691 -3120160 0 X X 0 1 X 1 1 1 X 1001263 3208891 4962332 4667398 5432472 19272356 4574534 3506717 3443888 3649858 4702544 19877541 5575797 6715608 8406220 8317256 10135016 39149897 0 0 0 39149897 2119 1302 703 323 1829 6276 2119 1302 703 323 1829 6276 27302 498873 64030 26686 194490 811381 5605218 7215783 8470953 8344265 10331335 39967554 0.97950 0.98190 0.00020 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99963 99963 280288 256201 24087 779458 548627 230831 354881 SECURITY DEPOSITS 86350 OPERATING LEASE RIGHT OF USE ASSET 1861541 1947891 RENTS HELD PRIOR TO SALE 80220 OPERATING LEASE LIABILITY 1950811 2031031 X 10429375 21074 97022 118096 10311279 0 10311279 13549535 21074 97022 118096 13431439 0 13431439 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE ORGANIZATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ORGANIZATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022. HOWEVER, THE ORGANIZATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE ORGANIZATION FILES INFORMATIONAL RETURNS IN THE UNITED STATES FEDERAL AND NEW JERSEY STATE JURISDICTIONS. THE ORGANIZATION IS SUBJECT TO INCOME TAX EXAMINATIONS FOR RETURNS WITHIN THE STATUTORY PERIODS ESTABLISHED BY THE RESPECTIVE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES 97,022. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES 97,022. GALA 254411 170241 84170 84170 WOMENS BUILD 10410 1343 9067 9067 2 20846 17061 3785 3785 285667 188645 97022 97022 97022 0 X 1 1100000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL AND ERICA SCOTT ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B MORRIS HABITAT FOR HUMANITY, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND THE GOVERNING BODY'S FINANCE COMMITTEE AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO ALL THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW EMPLOYEES RECEIVE A COPY OF THE PERSONNEL POLICY AND MUST SIGN ACKNOWLEDGEMENT OF RECEIPT. THE CONFLICT OF INTEREST, WHISTLE BLOWER POLICIES ARE SIGNED BY KEY OFFICERS, TRUSTEES, OR BOARD OF DIRECTORS ON AN ANNUAL BASIS AND THE SAME POLICIES ARE ALSO AVAILABLE ONLINE FOR REVIEW. ALL TRANSACTIONS, OPPORTUNITIES AND GIFTS ARE REVIEWED FOR POTENTIAL CONFLICTS BEFORE A DECISION IS MADE TO ENGAGE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS APPROVED BY THE BOARD OF DIRECTORS BASED ON THE RECOMMENDATION OF THE BOARD'S PERSONNEL COMMITTEE. ANY PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE CHIEF EXECUTIVE OFFICER WILL NOT BE INVOLVED IN THE REVIEW OR APPROVAL OF SAID COMPENSATION. THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE APPRAISAL WAS A REVIEW OF HER ACCOMPLISHMENTS AGAINST HER GOALS, AND HER ADJUSTED SALARY WAS BASED ON HER PERFORMANCE. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS ON SUCH COMPENSATION IS RECORDED AND MAINTAINED PURSUANT TO THE DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION C, LINE 19 MORRIS HABITAT FOR HUMANITY, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE POSTING FORM 990 ON THE ORGANIZATION'S WEBSITE. ANNUAL REPORTS, CONFLICT OF INTEREST POLICY AND WHISTLE BLOWER POLICIES ARE AVAILABLE ON THE ORGANIZATIONS WEBSITE. IN ADDITION, FORM 1023 AS WELL AS THE AUDITED FINANCIAL STATEMENTS, AND DONOR PRIVACY POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 274 SOUTH SALEM STREET SUITE 100 RANDOLPH, NJ 07869. OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDANT ACCOUNTANT: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 42 BENNETT AVENUE RANDOLPH LLC 42 BENNETT AVENUE RANDOLPH NJ 07869 871014737 NJ 2113161 2226728 MORRIS HABITAT FOR HUMANITY INC 146 MORRIS AVENUE SUMMIT LLC 146 MORRIS AVENUE SUMMIT NJ 07901 871416212 NJ 314980 1755708 MORRIS HABITAT FOR HUMANITY INC