2026-03-13T12:32:21-05:00 2025-06-30 382184825 HUNGERFORD CPAS ADVISORS 675 E 16TH STREET 100 HOLLAND MI 49423 990 2024-07-01 382893355 LAKESHORE HABITAT FOR HUMANITY INC LAKE 6163938001 12727 RILEY STREET HOLLAND MI 49424 BEN VANDERWOUDE TREASURER 6163938001 2026-03-13 1 0 JILL R SCHUTTE CPA P01773354 6163928534 2026-03-13 2024 2025-03-06 01:10:19Z BILL BADRAN 12727 RILEY STREET HOLLAND MI 49424 6343890 0 X WWW.LAKESHOREHABITAT.ORG X 1990 MI 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. 10 10 52 2567 0 0 3051776 3499132 1785150 1817836 565 8752 39762 25693 4877253 5351413 858229 777814 0 0 1301456 1258576 0 0 254162 3375843 2868635 5535528 4905025 -658275 446388 7734106 7986883 923446 775622 6810660 7211261 X 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. 0 0 1540393 1543219 CONSTRUCTION OF NEW & REHABILITATED HOMES FOR LOW INCOME QUALIFIED FAMILIES. NUMEROUS FAMILIES BENEFITED FROM THE PROGRAM IN THE CURRENT YEAR. 1615670 954143 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. 777814 777814 274617 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. 3933877 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 22 0 1 52 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X X DAVE ROZMAN 6163938001 12727 RILEY STREET HOLLAND MI 49424 DAVE ROZMAN EXECUTIVE DIRECTOR 40.00 X 80659 0 21226 DON WILKINSON FORMER EXECUTIVE DIRECTOR 40.00 X 79384 0 0 BILL BADRAN PRESIDENT 1.00 X X 0 0 0 GREG ACCARDO VICE PRESIDENT 1.00 X X 0 0 0 JENNIFER DEYOUNG SECRETARY 1.00 X X 0 0 0 BEN VANDERWOUDE TREASURER 1.00 X X 0 0 0 RACHAEL HUTCHINSON 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 KYLE GEENEN DIRECTOR 1.00 X 0 0 0 MATT FOX DIRECTOR 1.00 X 0 0 0 JOHN TENPAS DIRECTOR 1.00 X 0 0 0 160043 0 21226 0 0 0 0 0 135306 1360570 2003256 891910 3499132 SALES OF HOMES 531390 1543219 1543219 MORTGAGE DISCOUNT AMOR 531390 274617 274617 1817836 8235 8235 100 0 100 100 100 517 0 517 517 517 22859 135306 72340 -49481 -49481 954143 920137 34006 34006 MISCELLANEOUS 531390 41068 41068 41068 5351413 1901245 0 -48964 777814 777814 139574 86536 34893 18145 929482 576279 232371 120832 112733 63204 29487 20042 76787 45504 14719 16564 3852 3852 53128 53128 149142 5442 143700 80483 32193 1610 46680 11529 9108 2421 26676 3863 8187 14626 101913 101913 5095 3627 1468 19763 19763 69000 69000 42258 15635 26623 32887 21048 8879 2960 COST OF HOMES SOLD 2010102 2010102 HOMEOWNER INVOLVEMENT E 41760 41760 BANK AND CREDIT CARD FE 41004 21420 13787 5797 AUTO EXPENSE 34817 34817 145226 96347 44252 4627 4905025 3933877 716986 254162 262040 394868 577092 601941 774469 376771 2716440 2844629 92408 80161 20894 32103 1261074 494897 808435 766177 14720 590376 40175 181102 2427433 2118755 7734106 7986883 254894 373645 44430 8000 14000 442000 264689 150000 0 68552 78858 923446 775622 X 4918437 5533228 1892223 1678033 6810660 7211261 7734106 7986883 446388 -10499 7325 -42613 0 X X 0 1 X 1 0 X 1805495 3020240 2740313 3051776 3499132 14116956 1805495 3020240 2740313 3051776 3499132 14116956 495903 13621053 3761 4100 10365 7369 8335 33930 14150886 0.96260 0.94220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 197000 197000 840997 314388 526609 98784 88768 10016 124293 91741 32552 766177 INVENTORIES - LAND, HOUSE AND CIP 2054410 OPERATING LEASE RIGHT OF USE ASSET 64345 2118755 OPERATING LEASE LIABILITY 78858 78858 6268376 -10499 7325 920137 916963 5351413 0 5351413 5825162 920137 920137 4905025 0 4905025 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES - RESTORE 920,137. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES - RESTORE 920,137. ROUNDING GOLF OUTING 93968 71109 22859 12648 10211 13949 WOMEN BUILD 47047 47047 25445 2 17150 17150 10087 158165 135306 22859 12648 10211 49481 72340 -49481 0 NONINTEREST BEARING LOANS 68 777814 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 811022 THRIFT SHOP VALUE X BUILDING MATERIALS-HOME CONSTRUCTION 999 80888 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B ORGINIZATION'S PROCESS TO REVIEW FORM 990 THE 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 THE 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 3000