2024-05-14T12:28:58-05:00 2023-06-30 382184825 HUNGERFORD CPAS ADVISORS 675 E 16TH STREET 100 HOLLAND MI 49423 990 2022-07-01 382893355 LAKESHORE HABITAT FOR HUMANITY INC LAKE 6163938001 12727 RILEY STREET HOLLAND MI 49424 ERICH VANRAVENSWAAY TREASURER 6163938001 2024-05-14 1 ERICH VANRAVENSWAAY 999009999 0 JILL R SCHUTTE CPA P01773354 6163928534 2024-05-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREG ACCARDO 12727 RILEY STREET HOLLAND MI 49424 4112579 0 X WWW.LAKESHOREHABITAT.ORG X 1990 MI SEE SCHEDULE O 13 13 44 400 0 0 3020240 2740313 740769 466458 4100 10539 134771 115711 3899880 3333021 406616 128523 0 0 916043 1085888 0 0 318587 1287630 1144393 2610289 2358804 1289591 974217 7232557 8458257 723295 974106 6509262 7484151 SEE SCHEDULE O 0 0 764884 288597 CONSTRUCTION OF NEW & REHABILITATED HOMES FOR LOW INCOME QUALIFIED FAMILIES. NUMEROUS FAMILIES BENEFITED FROM THE PROGRAM IN THE CURRENT YEAR. 946674 837486 RETAIL OUTLET SELLS BOTH NEW AND USED BUILDING MATERIALS AND HOME IMPROVEMENT ITEMS THAT PRIMARILY HAVE BEEN DONATED. PRICES ARE AT LEAST 50% BELOW RETAIL. 128523 128523 177501 DISCOUNT ON NEW MORTGAGE ORIGINATIONS. HOMES SOLD TO LOW INCOME QUALIFIED FAMILIES ARE SOLD AT COST AND FINANCED BY THE ORGANIZATION AS NON-INTEREST BEARING MORTGAGES. 1840081 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 17 0 1 44 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X X BRYAN GRAS 6163938001 12727 RILEY STREET HOLLAND MI 49424 GREG ACCARDO PRESIDENT 1.00 X X 0 0 0 RACHAEL HUTCHINSON VICE PRESIDENT 1.00 X X 0 0 0 BILL BADRAN SECRETARY 1.00 X X 0 0 0 ERICH VANRAVENSWAAY TREASURER 1.00 X X 0 0 0 MATT WICKSTRA DIRECTOR 1.00 X 0 0 0 CHARLES BEASLEY DIRECTOR 1.00 X 0 0 0 STEVE DYKSTRA DIRECTOR 1.00 X 0 0 0 CADIE PUTNAM DIRECTOR 1.00 X 0 0 0 ELENA VANDRIE DIRECTOR 1.00 X 0 0 0 KATE BAREMAN DIRECTOR 1.00 X 0 0 0 KYLE GEENEN DIRECTOR 1.00 X 0 0 0 JENNIFER DEYOUNG DIRECTOR 1.00 X 0 0 0 MATT FOX DIRECTOR 1.00 X 0 0 0 DON WILKINSON EXECUTIVE DIRECTOR 40.00 X 99718 0 0 99718 0 0 0 0 0 0 0 645217 2095096 808805 2740313 SALES OF HOMES 531390 288957 288957 MORTGAGE DISCOUNT AMOR 531390 177501 177501 466458 10365 10365 174 0 174 174 174 837486 779558 57928 57928 MISCELLANEOUS 531390 57783 57783 57783 3333021 592534 0 174 128523 128523 95600 71700 7648 16252 870867 648246 72799 149822 35560 7750 23100 4710 83861 59197 11904 12760 9257 4114 2596 2547 21784 9681 6109 5994 34378 15278 9641 9459 108484 45039 697 62748 9439 1068 6294 2077 82800 82800 18272 18206 66 11413 4469 2572 4372 17497 16711 612 174 13000 13000 41372 37476 2098 1798 14081 10553 2142 1386 COST OF HOMES SOLD 481448 481448 MISCELLANEOUS 90411 50665 9830 29916 BANK AND CREDIT CARD FE 47871 22751 16232 8888 UTILITIES 36958 36644 244 70 105928 74762 25552 5614 2358804 1840081 200136 318587 1237756 272183 400227 295593 479426 750453 2574560 2472186 67582 101735 17802 34732 1226875 413485 838606 813390 12587 13481 40175 40175 1563836 3664329 7232557 8458257 85700 200386 629595 623553 8000 150167 723295 974106 X 4952329 6347293 1556933 1136858 6509262 7484151 7232557 8458257 974217 672 0 X X 0 1 X 1 0 X 1115372 1066975 1805495 3020240 2740313 9748395 1115372 1066975 1805495 3020240 2740313 9748395 535140 9213255 6974 4777 3761 4100 10365 29977 9778372 0.94220 0.94280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 197000 197000 840997 264978 576019 98784 84913 13871 90094 63594 26500 813390 INVENTORIES - LAND, HOUSE AND CIP 3526162 OPERATING LEASE RIGHT OF USE ASSET 138167 3664329 OPERATING LEASE LIABILITY 150167 150167 4113251 672 779558 780230 3333021 0 3333021 3138362 779558 779558 2358804 0 2358804 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES - RESTORE 779,558. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES - RESTORE 779,558. 0 NONINTEREST BEARING LOANS 128523 IMPUTED PART I, LINE 2: PART 1 LINE 2, PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS- FAMILY PARTNERS ARE GIVEN A DISCOUNT RATHER THAN CASH. THERE IS NO NEED TO MONITOR USAGE. PART IV - ADDITIONAL INFORMATION IT IS AGAINST THE ORGANIZATION'S FUNDAMENTAL BELIEF TO CHARGE INTEREST. THEREFORE, ALL LOANS EXTENDED TO FAMILY-PARTNERS AND USED TO FINANCE HOME PURCHASES, ARE MADE ON AN INTEREST-FREE BASIS OVER A PERIOD OF FIFTEEN TO THIRTY YEARS. THE DISCOUNTS PROVIDED TO ALL FAMILY-PARTNERS IN THE FORM OF NON-INTEREST BEARING LOANS, ARE AMORTIZED OVER THE LIFE OF THE LOANS. THE GRANT AMOUNT SHOWN ABOVE REPRESENTS THE UNAMORTIZED DISCOUNT ADDED IN THE CURRENT YEAR FOR HOMES SOLD TO NEW FAMILY PARTNERS. X BUILDING MATERIALS-RESALE 999 756163 THRIFT SHOP VALUE X BUILDING MATERIALS-HOME CONSTRUCTION 999 52642 FAIR MARKET VALUE 0 1 0 FORM 990- ORGANIZATION'S MISSION THE ORGANIZATION PROVIDES LOW INCOME QUALIFIED FAMILIES WITH DECENT, AFFORDABLE HOUSING. THE SUPPORT OF THE LOCAL COMMUNITY IS ENLISTED TO ASSIST FAMILY-PARTNERS IN THE CONSTRUCTION OF NEW AND REHABILITATED HOMES, WHICH ARE THEN SOLD AT COST AND FINANCED BY THE ORGANIZATION AS NON-INTEREST BEARING MORTGAGES.THE ORGANIZATION ALSO HAS A RETAIL OUTLET THAT SELLS NEW AND USED BUILDING MATERIALS AND HOME IMPROVEMENT ITEMS THAT HAVE PRIMARILY BEEN DONATED. THE STORE IS OPEN TO THE GENERAL PUBLIC. PRICES ARE AT LEAST 50% BELOW RETAIL. FORM 990, PART VI, SECTION B, LINE 11B ORGINIZATION'S PROCESS TO REVIEW FORM 990 THE BUSINESS MANAGER AND ACCOUNTANT REVIEW THE RETURN FIRST. THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS ARE THEN GIVEN A COPY TO REVIEW AND APPROVE PRIOR TO THE TIME IT IS ACTUALLY FILED. FORM 990, PART VI, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION COPIES OF THE FORM 990, LETTER OF EXEMPTION AND FORM 1023 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY- OFFICERS, DIRECTORS, AND ALL KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST THAT EXSISTS. EACH OF THESE INDIVIDUALS ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT THAT IS RETAINED BY THE ORGANIZATION. COMPLIANCE IS MONITORED BY THE BUSINESS MANAGER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL- THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION. DURING THE DECISION MAKING PROCESS, THE BOARD CONSIDERS THE EXPERIENCE OF THE INDIVIDUAL. COMPENSATION OF INDIVIDUALS IN SIMILAR POSITIONS ARE COMPARED WITH COMPENSATION PACKAGES UNDER CONSIDERATION FOR THE EXECUTIVE DIRECTOR. THE DELIBERATION PROCESS IS NOT DOCUMENTED IN THE IN MINUTES. HOWEVER, THE MINUTES DO REFLECT TEH CONCLUSIONS REACHED. COMPENSATION PROCESS FOR OFFICERS- COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. AS PART OF THE DECISION MAKING PROCESS, THE BOARD CONSIDERS THE INDIVIDUAL'S EXPERIENCE, WORK ABILITY, AND WHAT INDIVIDUALS IN SIMILAR POSITIONS ARE PAID IN THE INDUSTRY. DECISIONS MADE BY THE BOARD RELATING TO COMPENSATION ARE DOCUMENTED IN THE EMPLOYEE'S FILE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION COPIES OF THE FORM 990, LETTER OF EXEMPTION, AND FORM 1023 ARE AVAILABLE UPON REQUEST. PART XII, LINE 2C LAKESHORE HABITAT FOR HUMANITY IS NOW USING HUNGERFORD CPAS AND ADVISORS FOR THE AUDIT OF THEIR FINANCIAL STATEMENTS AND THE COMPLETION OF THE 990 TAX FORM. HABITAT FOR HUMANITY INTERNATIONAL 270 PEACHTREE STREET NW ATLANTA GA 30303 ADMIN GA 501(C)(7) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HABITAT FOR HUMANITY INTERNATIONAL B 13000