2025-07-29T11:27:27-07:00 2024-12-31 990 2024-01-01 341864802 HABITAT FOR HUMANITY INC HABI 4194291400 1200 Commerce Parkway Findlay OH 45840 Kelly Croy President 4194278128 2025-07-29 1 2024 2025-03-06 01:10:19Z Wendy McCormick Habitat For Humanity 1200 Commerce Parkway Findlay OH 45840 4218812 0 X www.habitatfindlay.org X 1999 OH The main activities of the organization are to provide safe and affordable housing to families, to make critical home repairs so families can remain in their home in a safe environment, to offer financial coaching and counseling to families to improve their personal finances in order to achieve their goals. To assist in funding these activities the organization operates a restore to sell used household and construction items. 17 17 36 812 0 0 2516879 2586601 786848 712422 38339 74220 29451 3819 3371517 3377062 0 0 0 0 875001 1002871 0 0 94398 1755843 1720804 2630844 2723675 740673 653387 5476561 6107406 1014640 992099 4461921 5115307 X 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. 0 0 886130 0 559583 (Code: 531390) Home Ownership (Building Program) - This program provides families in need of a decent place to live with safe and affordable housing in partnership with the organization. Habitat houses are modestly sized and large enough for the homeowner's needs but small enough to keep construction and maintenance costs affordable to the family. Each family provides a set number of Sweat Equity Hours during the construction process along with community volunteers and employing efficient building methods and keeping the house sized correctly keeping construction cost as low as possible which in turn makes its houses affordable to low-income families to purchase through no profit loans. Affordable homeownership helps create conditions that free households of instability, stress and fear and encourage self-reliance and confidence. During 2024 the organization provided new housing for 4 families. 621964 0 33224 (Code: 455000) ReStore Operations - Includes miscellaneous donations, proceeds from sale of scrap, restocking & delivery fees from ReStore. 297400 0 0 Financial Opportunity Center (FOC) - This program provides counseling, financial counseling and employment coaching to help individuals achieve their goals. These goals can include increasing income, reducing expenses, building credit or acquiring assets such as becoming eligible to qualify for the Home Ownership program. FOC services are available to anyone, free of charge, and regardless of income, socioeconomic status, criminal history, recovery, etc.. In 2024 395+ clients were counseled or are currently enrolled in the program. 215267 0 9124 Home Repair Program - The Home Repair Program is an outreach initiative that seeks to provide a wide range of opportunities for low to moderate income homeowners who are struggling to maintain their homes because of age, disability, family circumstances, or lack of sufficient income. Projects consist of interior and exterior repairs intended to alleviate critical health, life and safety issues or code violations. This program allows families to stay in their home due to disrepair. Homeowners will pay based on their income and that is the revenue that is reported. 353435 0 97421 Mortgage Discounting & Amortization - Due to Habitat mortgages associated with the Home Ownership Program being non-interest bearing the mortgages per accounting regulations are required to be discounted for financial reporting purposes and the discounting is recorded as a program expense. The cumulative amount that has been discounted is amortized over the remaining life of the mortgages and this calculation is referred to as the mortgage amortization and is accounted for as a income item per accounting regulations. 0 0 13070 Vendor Rebates, Endowment Gain. 568702 0 119615 2374196 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 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 0 0 0 0 0 1 24 0 1 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Wendy McCormick 4194291400 1200 Commerce Parkway Findlay OH 45840 Kelly Croy President / Executive Committee 2 0 X X 0 0 0 Kristin Day Vice President / Executive Committee 2 0 X X 0 0 0 Dan Kendrick Treasurer / Executive Committee 2 0 X X 0 0 0 Karl Heminger Board Development/Executive Committee 2 0 X 0 0 0 Scott Rhodes Past Board President/Executive Committee 2 0 X 0 0 0 Bret Spaeth Attorney / Executive Committee 2 0 X 0 0 0 GiGi Mason Human Resources / Executive Committee 2 0 X 0 0 0 Gene Fernandez At large / Executive Committee 2 0 X 0 0 0 Jim Reneau Repair Program 1 0 X 0 0 0 Anne Diehl Family Services 1 0 X 0 0 0 Vacant Finance 1 0 X 0 0 0 Joe Ernst Church Relations 1 0 X 0 0 0 Vacant Public Relations 1 0 X 0 0 0 Cheryl Sterling Site Selection 1 0 X 0 0 0 Vacant Fundraising 1 0 X 0 0 0 Mike Bailey Construction 1 0 X 0 0 0 Debra Lee Volunteer Coordination 1 0 X 0 0 0 Aaron Cheney At large member 1 0 X 0 0 0 Andrea Pickens ReStore 1 0 X 0 0 0 Brian Akin Secretary/Executive Committee 1 0 X X 0 0 0 Wendy McCormick Executive Director 40 0 X X 0 0 0 0 0 0 0 0 0 0 0 0 0 350779 0 454350 1781472 1236377 2586601 Home Sales 531390 559143 559143 0 0 Home Repair Sales (Income) 811000 9124 9124 0 0 Late Fees - Mortgages 522320 440 440 0 0 Mortgage Amoritization 522292 97421 97421 0 0 ReStore Income and Misc. 455000 33224 33224 0 0 13070 13070 0 0 712422 74220 74220 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 350779 0 0 0 0 0 0 0 0 0 0 845569 841750 3819 0 0 3819 0 3377062 786642 0 3819 X 0 0 0 0 0 0 0 0 92000 27600 27600 36800 0 0 0 0 734647 657421 59986 17240 21031 17257 2236 1538 91876 79835 7367 4674 63317 52505 6725 4087 9500 0 9500 0 3118 2880 238 0 45720 0 45720 0 0 0 0 0 0 0 0 0 0 0 61606 55458 4570 1578 11839 8427 3412 0 50807 34442 12988 3377 14563 10304 3448 811 0 0 0 0 85854 81178 2776 1900 11453 6702 4751 0 0 0 0 0 21256 5039 16156 61 46032 42165 2302 1565 26425 12464 13961 0 82987 79344 1984 1659 40632 21753 18571 308 Constructions Materials, Labor and Land Cost 638974 638974 0 0 Mortgage Discount Expense 353435 353435 0 0 FOC Client Assistance 74136 74136 0 0 142467 112877 10790 18800 2723675 2374196 255081 94398 457660 193502 1740175 1608321 109839 455182 6639 14452 0 0 0 0 1092641 1195595 540639 1135956 13151 5826 1900637 418002 1501697 1482635 0 0 0 0 14120 15937 0 0 0 0 5476561 6107406 56512 61702 0 0 25 25 0 0 46507 53583 0 0 911596 876789 0 0 0 0 1014640 992099 X 3661756 4284081 800165 831226 4461921 5115307 5476561 6107406 X 653387 0 0 0 0 -1 X X 1 X 0 1 0 X 844222 1114313 1925448 2516879 2586601 8987463 0 0 0 0 0 0 0 0 0 0 844222 1114313 1925448 2516879 2586601 8987463 8987463 0 0 0 6236 3847 146 37839 74220 122288 0 0 15511 31228 0 46739 9156490 0.98154 0.98546 X Schedule A, Part II, Line 10 Represents miscellaneous receipts for items that had no related cost of goods sold. (Scrap sales, delivery fees, restocking fees, etc.) RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 73122 0 73122 1463612 0 212162 1251450 0 0 0 0 360412 0 203512 156900 3491 0 2328 1163 1482635 0 X Schedule D, Part IV, Line 2b The Organization services an escrow account for homeowners by receiving escrow payments and making disbursements for property taxes and homeowners insurance on behalf of homeowners. Schedule D, Part X, Line 2 The Organization has been approved under IRS code section 501(c)(3) as a non-profit organization exempt from federal income taxes on its normal activities. The organization has adopted FASB ASC 740 to account for uncertainty in income taxes. The organization files exempt organization tax returns in the US Federals Jurisdiction and the State of Ohio. As of December 31, 2024 there are no unrecognized tax benefits or uncertain income tax positions taken. The organization's returns for the prior three fiscal years remain subject to examination by the IRS. Signature Event (Includes Dream Builders Society) 266473 0 266473 0 0 0 0 0 953 Mid-Year and EOY Appeals 32861 0 32861 0 0 0 0 0 579 1 51445 0 51445 0 0 11160 4307 0 0 350779 0 350779 0 0 11160 4307 0 1532 16999 333780 X Home Construction Materials 41 54536 Est. Retail Value X Tools and Equipment 16 3145 Est. Retail Value X Items donated to ReStore 3235 888573 Resale Value X Storage Facilities 2 26000 Est. Market Rate X Misc. Lagor 5 12714 Est. Market Rate X Hospitality Meals 36 11871 Est. Market Value X Equipment - Signage 1 2000 Est. Market Value X Misc. Supplies 3 139 Est. Market Value X Land = Building Lot 1 18960 Est. Market Value 1 0 1 0 Schedule M, Part I, Lines 25-28 Column B Represents Estimated number of contributions received. Valuation of Property donated is based on estimated cost if items were purchased. Form 990, Part I, Line 6 The number of volunteers reported is an estimate with the intent to only include each individual 1 time. Total number of volunteers in 2024 were 812. Form 990, Part I, Line 9 Part I for lines 9,12,17,18 have been restated to be comparable to current year due to change in reporting ReStore sales June 1, 2024. Form 990, Part III, Line 4d Code 811000 Home Repair Program - Expenses = 215,267 and revenue = 9,124 The Home Repair Program is an outreach initiative that seeks to provide a wide range of opportunities for low to moderate income homeowners who are struggling to maintain their homes because of age, disability, family circumstances, or lack of sufficient income. Projects consist of interior and exterior repairs intended to alleviate critical health, life and safety issues or code violations. This program allows families to stay in their home and avoid the uncertainty, trauma, expense of moving or the potential to lose their home due to disrepair. Homeowners will pay based on their income and that is the revenue that is reported in 2024. Code 522922 Mortgage Discounting & Amortization - Expenses= $353,435 Revenues $99,421 Mortgage Discounting Expense - Due to Habitat mortgages associated with the Home Ownership Program being non-interest bearing the mortgages per accounting regulations are required to be discounted for financial Home Ownership Program being non-interest bearing the mortgages per accounting regulations are required to be discounted for financial over the remaining life of the mortgages and this calculation is referred to the mortgage amortization and is accounted for as a income item per accounting regulations. Code ???? Vendor Rebates - Expenses= $0.00 Revenues= $13,070 Vendor rebates & Endowment gain will be applied against future program expenses. Form 990, Part VI, Section A The Board of Directors has delegated to the Executive Committee the power to execute the authority of the Board as such times the Board is not in session. The Executive Committee meets monthly, and the full Board meets every other month. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by a contract individual who also performs the accounting functions and financial reports for the organization. The information in Form 990 is based on spreadsheets from data downloaded from current year transactions from QuickBooks. Form 990 is reviewed and approved by the Finance Committee and Executive Committee. The full Board is informed of the final document and may request to review it. Form 990, Part VI, Section B, Line 12c Potential conflicts of interest are brought to the attention of the Board President by any board or staff member who may suspect a conflict of interest within the organization. In April of each year board and key staff are updated on what constitutes a conflict of interest and sign a statement indicating thy have read and understand the policy. In addition, the policy is reviewed with new board members at an orientation meeting they each must attend. Form 990, Part VI, Section B, Line 15 The Executive Committee annually reviews and sets the compensation for the Exec Director. Compensation for key staff (program leads) is set annually by the Exec Director. Form 990, Part VI, Section C, Line 19 The governing documents conflict of interest policy, monthly financial statements and Form 990 are available to the general public upon request. Form 990, Part IX, Line 7 The Organization has certain expenses that would create a burden to allocate to each functional area on a monthly basis. Occupancy costs, information technology, office related expenses, and other costs are grouped together and those are allocated in compliance with the Generally Accepted Accounting Principles (GAAP) across the Programs including Management and General and Fundraising categories. In addition, some staff members have responsibilities that cross functional areas. To allocate the payroll related expenses of these individuals and estimate is make of the time spent per year in each functional area and costs are allocated on the basis. Form 990, Part IX, Line 24e Part IX line 24e Includes the following expenses: Property Maintenance (Vacant Lots) 10,490 Warehouse Supplies {Restore) 11,007 Customer/Donor Expenses 454 Staff Expenses - Uniforms, Training etc. 14,300 Volunteer Expenses 24,464 Board Expenses 88 ReStore Online Sales Expenses 19592 Fundraising Event Expenses 18747 Equipment Operating Cost 42,998 Special Events 387 Total 142,467. Form 990, Part XI, Line 9 Rounding Form 990, Part XII, Line 2a This is for Lines 2a, b, and c: Financial statements and other supporting schedules are provided to the Exec Committee on a monthly basis and to the full board every other month. A review of the financial statements is conducted by an independent accounting firm at the end of the fiscal year. The 2023 review has been completed. Oversight of the selection process for the annual review and compilation of the financial statements is with the Exec Committee. Schedule B, Part I In 2023 we chose to use Special Rule #2 - only reporting total contributions greater than 2% of Form 990, Part VIII, Line 1h. In previous years we used General Rule #1