2024-03-01T10:44:19-06:00 2023-06-30 260793942 MARTIN SMITH & COMPANY CPAS PA 1212 HAYWOOD ROAD BLDG 100 GREENVILLE SC 296152200 990 2022-07-01 570916245 HILTON HEAD REGIONAL HABITAT FOR HUMANITY INC HILT 8436815864 PO BOX 2747 BLUFFTON SC 29910 BRENDA DOOLEY EXECUTIVE DIRECTOR 8437575864 2024-03-01 1 BRENDA DOOLEY 999009999 0 DAVID A SMITH P00045703 8642321040 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRENDA DOOLEY 21 BRENDAN LANE BLUFFTON SC 29910 2902305 0 X WWW.HABITATHHI.ORG X 1986 SC TO ELIMINATE POVERTY HOUSING AND HOMELESSNESS BY CONSTRUCTING MODEST, BUT ADEQUATE HOMES AT REDUCED COSTS TO THE BUYER 15 15 18 400 0 0 519722 864188 1875765 1844970 173670 212077 62150 -18930 2631307 2902305 0 0 0 0 647517 751642 0 0 100504 1912237 1711239 2559754 2462881 71553 439424 7716036 7985556 1808103 1638199 5907933 6347357 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. HILTON HEAD REGIONAL HABITAT FOR HUMANITY AFFILIATE ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT OFFER ASSISTANCE ON THE EXPRESSED 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. 0 0 2156254 1844970 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 COSTS 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 ENCOURAGES 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. DURING FISCAL YEAR 2022, HILTON HEAD REGIONAL HABITAT FOR HUMANITY CLOSED ON FOUR HOUSES SERVING 11 INDIVIDUALS AND ALSO MANAGED THE SERVICING OF 97 MORTGAGES. 2156254 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 1 7 0 18 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X BRENDA DOOLEY 8436815864 21 BRENDAN LANE BLUFFTON SC 29910 REIF MARLER CHAIRMAN 5.00 X X 0 0 0 GEORGIA BOELKE VICE CHAIE 5.00 X X 0 0 0 MAUREEN RILEY SECRETARY 5.00 X X 0 0 0 PAUL H CALE TREASURER 5.00 X X 0 0 0 LAURA ANN BUSH MEMBER AT LARGE 5.00 X 0 0 0 TOM DEMINT MEMBER AT LARGE 5.00 X 0 0 0 RONA FRENCH MEMBER AT LARGE 5.00 X 0 0 0 MARGARET HUGHES MEMBER AT LARGE 5.00 X 0 0 0 MICHAEL LEWIS MEMBER AT LARGE 5.00 X 0 0 0 CAROL RIVERS MEMBER AT LARGE 5.00 X 0 0 0 VICTORIA SMALLS MEMBER AT LARGE 5.00 X 0 0 0 CARLA NICHOLE TODD MEMBER AT LARGE 5.00 X 0 0 0 HARRY WILLIAMS MEMBER AT LARGE 5.00 X 0 0 0 BRENDA DOOLEY EXECUTIVE DIRECTOR 40.00 X 90708 0 13704 90708 0 13704 0 0 0 0 0 864188 864188 RESTORE SALES 459510 1524970 1524970 HOME SALES 531390 320000 320000 1844970 212077 212077 OTHER 900099 -18930 -18930 -18930 2902305 2038117 0 0 90708 45354 45354 560814 474583 32037 54194 46716 37281 5549 3886 53404 42618 6344 4442 10914 10914 9450 9450 301347 179441 83924 37982 86772 74221 12551 66645 66645 64396 64396 64500 64500 COST OF CONSTRUCTION 880805 880805 MORTGAGE DISCOUNTS 107861 107861 FAMILY SERVICES 65906 65906 CONTRIBUTIONS 27500 27500 25143 25143 2462881 2156254 206123 100504 127321 631566 1559365 1660947 68274 57808 2084795 2200245 2218478 1754743 20039 26879 2158103 506735 1635764 1651368 2000 2000 7716036 7985556 60309 18220 11045 10445 1736749 1609534 1808103 1638199 X 4307552 4250436 1600381 2096921 5907933 6347357 7716036 7985556 439424 0 X 0 1 X 0 0 X 466225 360960 620183 542539 864188 2854095 824478 865729 1910104 1875765 1844970 7321046 1290703 1226689 2530287 2418304 2709158 10175141 0 0 0 10175141 265092 301482 166714 173670 212077 1119035 265092 301482 166714 173670 212077 1119035 15725 49271 64996 1555795 1528171 2712726 2641245 2921235 11359172 0.89580 0.88660 0.09850 0.10700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 365484 365484 1513641 318835 1194806 278978 187900 91078 1651368 X 2902305 0 2902305 0 2902305 2462881 0 2462881 0 2462881 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF FASB ASC. THIS GUIDANCE ADDRESSES THE ACCOUNTING UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE ORGANIZATION HAS DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AND DISCLOSURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF HOUSES SOLD NETTED AGAINST REVENUE IN 990 FUNDRAISING EXPENSES NETTED AGAINST REVENUE IN 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF HOUSES SOLD NETTED AGAINST REVENUE IN 990 FUNDRAISING EXPENSES NETTED AGAINST REVENUE IN 990 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS IS PROVIDED A DRAFT COPY OF THE TAX RETURN, A COPY OF THE ANNUAL FINANCIAL STATEMENTS, AN EXPLANATION OF THE RETURN, WITH ANY QUESTIONS OR CONCERNS BEING RESOLVED PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY AT THE ANNUAL ORGANIZATIONAL MEETING, AT WHICH TIME APPROPRIATE DISCLOSURE TAKES PLACE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S KEY EMPLOYEES' COMPENSATION IS SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO ANYONE THAT REQUESTS SUCH INFORMATION EITHER IN PERSON OR THROUGH THE MAIL. GENERAL DISCLOSURES HABITAT HILTON HEAD 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 HILTON HEAD'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 HILTON HEAD ALLOCATES A PORTION OF OUR FUNDRAISING COSTS TO PROGRAM SERVICES. AS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL TAXATION, WE ENSURE OUR DONORS' MONEY IS SPENT AS EFFICIENTLY AND EFFECTIVELY 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 HILTON HEAD 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. 990 PAGE 11, PART X, LINE 7, COLUMN B MORTGAGES RECEIVABLE: IF THE FAIR MARKET VALUE OF A HOME SOLD EXCEEDS THE FIRST MORTGAGE, THE ORGANIZATION OBTAINS A SECOND MORTGAGE FOR THE AMOUNT BY WHICH FAIR MARKET VALUE EXCEEDS THE FIRST MORTGAGE AMOUNT. THE SECOND MORTGAGE IS TO PROTECT THE VALUE OF THE COLLATERAL AND IS NOT RECORDED IN THE BOOKS AND RECORDS OF THE ORGANIZATION. THE SECOND MORTGAGE IS FORGIVABLE BASED ON THE SPECIFIED TERMS OF THE MORTGAGE AGREEMENT. SUCH TERMS GENERALLY CALL FOR FORGIVENESS BEGINNING IN YEAR TEN OF $1,000 OF THE SECOND MORTGAGE BALANCE ANNUALLY, OR FORGIVENESS BEGINNING IN YEAR FIVE OF 5% OF THE ORIGINAL SECOND MORTGAGE AMOUNT ANNUALLY. THE SECOND MORTGAGE WOULD BE EXERCISED AND COLLECTED ONLY IF THE HOME WAS SOLD, OR THE FIRST MORTGAGE WAS REFINANCED BEFORE THE SECOND MORTGAGE HAD BEEN FULLY FORGIVEN. TO DATE, THE ORGANIZATION HAS RARELY COLLECTED UNDER A SECOND MORTGAGE AGREEMENT. AT JUNE 30, 2021, THE ORGANIZATION HAD APPROXIMATELY $4,000,000 IN SUCH SECOND MORTGAGE BALANCES WHICH HAD NOT BEEN FORGIVEN.