2024-05-14T11:52:24-05:00 2023-06-30 550538163 SUTTLE & STALNAKER PLLC 1411 VIRGINIA ST E STE 100 CHARLESTON WV 25301 990 2022-07-01 541574925 GREATER CHARLOTTESVILLE HABITAT FOR HUMANITY INC GREA 4342939066 967 2ND ST SE CHARLOTTESVILLE VA 22902 DAN ROSENSWEIG PRESIDENT/CEO 4342939066 2024-05-14 1 DAN ROSENSWEIG 999009999 0 WALLACE F SUTTLE II CPA P00050161 3043434126 2024-05-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN ROSENSWEIG 967 2ND ST SE CHARLOTTESVILLE VA 22902 17784552 0 X WWW.CVILLEHABITAT.ORG X 1991 VA BRING PEOPLE TOGETHER TO BUILD HOMES AND COMMUNITIES TO PROVIDE SAFE, DECENT, AFFORDABLE HOUSING 13 12 70 1751 0 0 13327547 7457628 2287642 6839789 14454 -177299 920711 2543728 16550354 16663846 40000 33000 0 0 3163978 3751584 0 0 467659 7065796 11914845 10269774 15699429 6280580 964417 40599071 49115268 17624014 25127723 22975057 23987545 X HABITAT FOR HUMANITY OF GREATER CHARLOTTESVILLE BRINGS PEOPLE TOGETHER TO BUILD AND REBUILD HOMES AND COMMUNITIES WHILE CATALYZING NEW PATHWAYS TO SAFE, DECENT, AFFORDABLE HOUSING. OUR VISION IS A GREATER CHAROLTTESVILLE COMMUNITY WHERE EVERYONE CAN FIND A DECENT PLACE TO LIVE. WE ARE AN AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL, A GLOBAL NETWORK WORKING TO END GLOBAL HOUSING POVERTY. 0 0 14228550 33000 9198001 HABITAT CREATES SIGNIFICANT HOUSING IMPACT IN THREE PRIMARY LINES OF BUSINESS: BUILDING, REBUILDING AND HOUSING SYSTEM DEVELOPMENT. IN THE BUILDING REALM, WE PARTNER WITH LOW INCOME FAMILIES TO IMPROVE THEIR FINANCIAL SITUATIONS BEFORE LEVERAGING THEIR SWEAT EQUITY AND VOLUNTEER LABOR TO BUILD AND SELL THEM A HOME AT A PRICE THEY CAN AFFORD. AS PART OF THIS PROGRAM, WE ALSO ORIGINATE A ZERO INTEREST 30 YEAR MORTGAGE TO FURTHER DRIVE DOWN THEIR MONTHLY EXPENSES. CHARLOTTESVILLE HABITAT IS THE MOST PRODUCTIVE HABITAT AFFILIATE IN THE COUNTRY FOR A SERVICE AREA OF OUR SIZE. WE ARE IN THE PROCESS OF A SIGNIFICANT STEP FUNCTION WITH THE AIM OF DELIVERING A STEADY 40 HOMES ANNUALLY. IN THE BUILDING REALM, WE ALSO DEVELOP MIXED INCOME COMMUNITIES WITH LOTS FOR HABITAT HOMES AND MARKET RATE HOMES WHICH PROVIDE A CROSS SUBSIDY AS WELL AS DIVERSE, BLENDED NEIGHBORHOODS WELCOMING OF PEOPLE FROM ALL BACKGROUNDS. THIS YEAR,WE UTILIZED MORE THAN 9,000 VOLUNTEERS TO WORK ON 37 HOMES IN SIX MIXED INCOME NEIGHBORHOODS. IN THE REBUILDING REALM, OUR FOCUS IS ON THE WHOLESCALE REDEVELOPMENT OF THE 1,350 PERSON SOUTHWOOD MOBILE HOME PARK INTO A NATIONAL-MODEL MIXED-INCOME, MIXED-USE COMMUNITY WITHOUT RESIDENT DISPLACEMENT. THIS YEAR WE BEGAN HOME BUILDING OPERATIONS AT SOUTHWOOD, INCLUDING SUBSTANTIAL COMPLETION OF THE FIRST FIVE OF AN EVENTUAL 1,000 HOMES. PART OF OUR OPERATIONS AT SOUTHWOOD INVOLVES RESPONSIBLE PROPERTY MANAGEMENT OF THE 317-PAD FACILITY AS WE REDEVELOP IT IN MULTIPLE PHASES. THIS YEAR, WE ALSO BEGAN A SIGNIFICANT INCREASE IN REHABILITATION AND CRITICAL HOME REPAIR WORK IN LOUISA AND GREENE COUNTIES WHERE OUR GOAL IS TO HELP AT LEAST 20 FAMILIES STAY IN THEIR HOMES ANNUALLY. IN HOUSING SYSTEM DEVELOPMENT WORK, WE PARTNERED WITH MULTIPLE OTHER ORGANIZATIONS TO HELP BEGIN TO CHANGE THE CONDITIONS THAT CAUSE LOCAL HOUSING POVERTY. AMONG THE SUCCESSES THIS YEAR WERE THE PROMOTION OF A NEW AFFORDABLE HOUSING PLAN IN THE CITY OF CHARLOTTESVILLE, THE ESTABLISHMENT OF A DEDICATED HOUSING FUND IN THE COUNTY OF ALBEMARLE, DISBURSEMENT OF EMERGENCY RENT RELIEF DURING COVID AND THE BEGINNING OF CONSTRUCTION AND OR REDEVELOPMENT OF THE AREA'S PUBLIC HOUSING AND SECTION 8 SUPPORTED RENTAL STOCK USING THE RESIDENT -LED PLANNING METHOD WE PIONEERED AT SOUTHWOOD. 14228550 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 75 0 70 1 0 0 0 0 0 1 1 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 VA X THE ORGANIZATION 4342939066 967 2ND ST SE CHARLOTTESVILLE VA 22902 RICHARD TREMBLAY CHAIR 7.50 X X 0 0 0 CONNOR CHILDRESS SECRETARY 7.50 X X 0 0 0 DOUG GERNERT TREASURER 7.50 X X 0 0 0 CASS BAILE DIRECTOR 5.00 X 0 0 0 ROB ARCHER DIRECTOR 5.00 X 0 0 0 JOSEPH RAICHEL DIRECTOR 5.00 X 0 0 0 YOLUNDA HARRELL DIRECTOR 5.00 X 0 0 0 JOHN RAYMOND DIRECTOR 5.00 X 0 0 0 BRAD SIMPSON DIRECTOR 5.00 X 0 0 0 KIMBERLY SKELLY DIRECTOR 5.00 X 0 0 0 RHONDA ROBERTS DIRECTOR 5.00 X 0 0 0 ALEX URPI DIRECTOR 5.00 X 0 0 0 JOSHUA WYKLE DIRECTOR 5.00 X 0 0 0 BILLY WAYSON DIRECTOR 5.00 X 0 0 0 DAN ROSENSWEIG PRESIDENT/CEO 40.00 X 176712 0 5351 JOHN DESMOND OPERATIONS/CFO 40.00 X 154379 0 5734 JANETTE MURPHY CHIEF PARTNERSHIP OFFICER 40.00 X 111049 0 4854 STEVEN VINISKY CHIEF CONSTRUCTION OFFICER 40.00 X 115266 0 1300 WILLIAM THIESSEN DIRECTOR LAND DEVELOPMENT 40.00 X 95857 0 0 653263 0 17239 4 0 1 0 FAULCONER CONSTRUCTION COMPANY INC 2496 OLD IVY RD CHARLOTESVILLE VA 22906 SITE DEVELOPMENT CONTRACTING FIRM 6211180 COLOSSEUM REMODELING 19 HAMPSHIRE LN STUARTS DRAFT VA 24477 GENERAL BUILDING CONTRACTOR 3587310 MARTINEZ FRAMING LLC 3061 SOUTH MAIN ST SUITE H HARRISONBURG VA 22801 GENERAL BUILDING CONTRACTOR 1670250 ATLANTIC BUILDERS LTD 1975 EMANCIPATION HWY FREDERICKSBURG VA 22401 GENERAL BUILDING CONTRACTOR 1310596 ROYAL FOUNDATIONS INC PO BOX 100 SOMERSET VA 22972 CONCRETE CONTRACTOR 1109551 5 3897972 3559656 182865 7457628 SALE OF HOMES AND LOTS 230000 6839789 6839789 6839789 8217 8217 1338652 851532 487120 487120 487120 97 0 185613 97 -185613 -185516 -185516 1352997 83561 1269436 1269436 CANCELLATION OF DEBT 900099 572051 572051 MISCELLANEOUS 900099 215121 215121 787172 16663846 9198001 0 8217 33000 33000 355910 297221 21754 36935 2696456 2251669 164953 279834 471418 303055 105828 62535 227800 146443 51139 30218 220007 28848 186909 4250 25817 25817 59879 21935 21231 16713 126737 26592 78872 21273 518003 395362 122641 21386 10434 10952 171138 171138 66984 41834 25150 137161 137161 COST HOMES & LAND SOLD 10113775 10113775 BANK AND CREDIT CARD FE 127590 74027 53563 REPAIRS 61327 50736 10591 CONSTRUCTION COSTS 48163 48163 216878 188501 12476 15901 15699429 14228550 1003220 467659 2591253 3043626 4171955 2545463 39264 3190302 6783857 27008 29159 50547 60070 2124440 686432 1516002 1438008 29052004 35175821 40599071 49115268 1402748 3925674 112163 3857255 12201 14221690 14090282 153081 164781 1722131 3089731 17624014 25127723 X 18601497 22250978 4373560 1736567 22975057 23987545 40599071 49115268 964417 48071 0 X X 0 1 X 0 1 1 X 4759444 10465507 5835213 7577547 7457628 36095339 4759444 10465507 5835213 7577547 7457628 36095339 36095339 5 1346966 1346971 787172 787172 38229482 8192786 0.94420 0.84820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 200761 200761 1726481 593788 1132693 197198 92644 104554 1438008 HOMES UNDER CONSTRUCTION 8830021 LAND HELD FOR DEBELOPMENT 23856361 OPERATING LEASE RIGHT-OF-USE 622128 INVESTMENT JOINT VENTURE 1867311 35175821 RETAINAGE PAYABLE 729966 DEPOSITS FROM PARTNER FAMILIES 368219 DEPOSITS FROM BUILDERS 1299744 OPERATING LEASE 691802 3089731 X 16795478 48071 48071 16747407 -83561 -83561 16663846 15782990 83561 83561 15699429 0 15699429 PART IV, LINE 2B: EXPLANATION FOR ESCROW ACCOUNTS - HABITAT BUILDS IN MANY DIFFERENT AREAS AROUND TOWN AND OUT IN THE SURROUNDING COUNTIES. IN A MAJORITY OF THE CASES, THEY ARE BUILDING HOMES IN COMMUNITIES WITH A HOMEOWNERS ASSOCIATION (HOA). TYPICALLY THESE HOAS INCLUDE A MONTHLY ESCROWED AMOUNT THAT IS SET ASIDE IN A RESERVE ACCOUNT FOR MAINTAINING THE EXTERIOR OF EACH HOME. IN THAT WAY, THE PROPERTY VALUES FOR ALL NEIGHBORS ARE PROTECTED BECAUSE RESOURCES ARE AVAILABLE TO KEEP HOMES LOOKING GOOD. HOWEVER, NOT ALL OF THE NEIGHBORHOODS THEY BUILD IN PROVIDE THIS RESOURCE, AND THEY WERE FINDING DIFFERING LEVELS OF EXTERIOR MAINTENANCE BEING PERFORMED BY THEIR HOMEOWNERS. SO, IN ORDER TO CREATE A LEVEL PLAYING FIELD ACROSS THEIR ENTIRE PROGRAM THEY INSTITUTED THE EXTERIOR UPKEEP PROGRAM AND THE CORRESPONDING ESCROW ACCOUNT. PART X, LINE 2: THE ORGANIZATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE ORGANIZATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS INVENTORY -83,561. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INVENTORY 83,561. 0 HABITAT FOR HUMANITY INTERNATIONAL 121 HABITAT STREET AMERICUS GA 31709 911914868 501(C)(3) 33000 0 ANNUAL TITHE X 0 0 0 0 0 0 0 0 0 DAN ROSENSWEIG PRESIDENT/CEO 176712 0 0 0 0 0 5351 0 0 0 182063 0 0 0 JOHN DESMOND OPERATIONS/CFO 154379 0 0 0 0 0 4651 0 1083 0 160113 0 0 0 CONNOR CHILDRESS DIRECTOR 34889 LEGAL SERVICES 0 PART IV THE ORGANIZATION PAID BOARD MEMBERS FOR LEGAL SERVICES RELATED TO CLOSING ON THE SALES OF PARTNER FAMILY HOMES AND OTHER REAL ESTATE MATTERS. THIS ARRANGEMENT WAS DISCLOSED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE AND FOLLOWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. X MATERIALS 0 182865 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS ABOVE REPRESENTS THE TOAL OF INDIVIDUAL GIFT TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS REVIEWED BY THE CEO, CFO, AND COMPLIANCE OFFICER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BAIS. IN ADDITION, DISCLOSURE OF CONFLICTS OF INTEREST ARE INCLUDED AT THE BEGINNING OF EVERY BOARD MEETING. THE TREASURER REVIEWS ALL TRANSACTIONS WITH RELATED PARTIES TO ENSURE COMPLIANCE. STAFF MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD USES COMPARABLE SALARY RATES FOR SIMILAR NON-PROFITS TO DETERMINE COMPENSATION FOR TOP MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S 1023 AND FORM 990 ARE STORED AT THE ORGANIZATION'S OFFICE AND ARE AVAILABLE UPON REQUEST. THR FORM 990 IS ALSO FILED ANNUALLY WITH THE VIRGINIA DEPARTMENT OF AGRICULTURE, OFFICE OF CONSUMER AFFAIRS, AND IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. IN ADDITION, THE GOVERNING DOCUMENTS ARE FILED ANNUALLY WITH THE VIRGINIA DEPARTMENT OF AGRICULTURE, OFFICE OF CONSUMER AFFAIRS, AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION PROCESS FOR SELECTION AND RETENTION OF INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR. SUNRISE PARK LLC 967 2ND ST SE CHARLOTTESVILLE VA 22902 541574925 CONSTRUCTION OF OPERATIONS OF SUNRISE PARK DEVELOPMENT VA 15178 798720 SOUTHWOOD CHARLOTTESVILLE LLC 967 2ND ST SE CHARLOTTESVILLE VA 22902 541574925 OPERATE SOUTHWOOD TRAILER PARK UNTIL FUTURE DEVELOPMENT VA 1158807 22908919 BELMONT COTTAGES LLC 967 2ND ST SE CHARLOTTESVILLE VA 22902 541574925 CONSTRUCTION OF BELMONT COTTAGES DEVELOPMENT VA CREATIVE HOUSING OF GREATER CHARLOTTESVILLE INC 967 2ND ST SE CHARLOTTESVILLE VA 22902 541574925 SUPPORT HABITAT FOR HUMANITY OF GREATER CHARLOTTESVILLE VA HABITAT 991 FIFTH STREET 967 2ND ST SE CHARLOTTESVILLE VA 22902 541574925 CONSTRUCTION OF FIFTH STREET DEVELOPMENT VA CARDINAL HILL CONDOMINIUMS LLC 967 2ND ST SE CHARLOTTESVILLE VA 22902 541574925 OWNER AND OPERATE SOUTHWOOD RENTAL CONDOS VA 1459844 HFHI NMTC LEVERAGE LENDER 2013-1 LLC 285 PEACHTREE CNTR AVE NE STE 2700 ATLANTA GA 30303 383942196 NEW MARKETS TAX CERDITS FACILITATION GA RELATED 1 572051 0 0 0 0.09370 HFHI NMTC LEVERAGE LENDER 2021 LLC 285 PEACHTREE CNTR AVE NE STE 2700 ATLANTA GA 30303 541574925 NEW MARKETS TAX CERDITS FACILITATION GA RELATED 1 27954 1867311 0 0 0.08570 990 SCHEDULE R PART VI THE ORGANIZATION PARTICIPATES IN THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM. NMTC PROGRAMS WERE ESTABLISHED AS PART OF THE COMMUNITY RENEWAL TAX RELIEF ACT OF 2000. THE GOAL OF NMTC PROGRAMS IS TO SPUR REVITALIZATION EFFORTS IN LOW-INCOME AND IMPOVERISHED COMMUNITIES ACROSS THE UNITED STATES AND ITS TERRITORIES BY PROVIDING TAX CREDIT INCENTIVES TO INVESTORS IN CERTIFIED COMMUNITY DEVELOPMENT ENTITIES. THE TAX CREDIT FOR INVESTORS EQUALS 39% OF THE INVESTMENT, AND INVESTORS RECEIVED THE TAX CREDIT OVER A SEVEN YEAR PERIOD. A COMMUNITY DEVELOPMENT ENTITY (CDE) IS REQUIRED TO PARTICIPATE AND HAS THE PRIMARY MISSION OF PROVIDING FINANCING FOR REVITALIZATION PROJECTS IN LOW-INCOME COMMUNITIES. NMTC FINANCING ALLOWS ORGANIZATIONS SUCH AS HABITAT FOR HUMANITY AFFILIATES TO RECEIVE LOW-INTEREST LOANS OR INVESTMENT CAPITAL FROM CDES, PRIMARLY FINANCIAL INSTITUTIONS, WHICH ALLOW THEIR INVESTORS TO RECEIVE TAX CREDITS. AS A RESULT OF PARTICIPATION IN THE NMTC PROGRAM, THE ORGANIZATION RECEIVED LOW-INTEREST LOANS. THE LOANS ARE GUARANTEED BY HABITAT INTERNATIONAL. THE LENDER PROVIDES ADMINISTRATIVE SUPPORT FOR THE NMTC PROGRAM ON BEHALF OF THE HABITAT AFFILIATES PARTICIPATING IN THE NMTC PROGRAM. IN CONNECTION WITH THE NMTC PROGRAM, THE ORGANIZATION, ALONG WITH OTHER HABITAT AFFILIATES FORMED THE LLCS LISTED ON SCHEDULE R AS JOINT VENTURES THAT ALLOW PARTICIPATING HABITAT AFFILIATES TO TAKE ADVANTAGE OF NMTC FINANCING. THE LLCS ARE ACCOUNTED FOR USING THE EQUITY METHOD IN ORDER TO PRACTICE CONSISTENT REPORTING FOR THE INVESTMENTS.