2024-07-15T14:23:36-05:00 2023-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 22039 LOUISVILLE KY 402529804 990 2023-01-01 581735528 HABITAT FOR HUMANITY OF METRO LOUISVILLE HABI 5026376265 1620 BANK ST LOUISVILLE KY 40203 ROBERT D LOCKE CEO 5026376265 2024-07-02 1 ROBERT LOCKE XXX-XX-XXXX 1 JEREMY M FINN CPA P00814819 5024230311 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ROBERT D LOCKE 1620 BANK ST LOUISVILLE KY 40203 13944404 0 X WWW.LOUISVILLEHABITAT.ORG X 1986 KY PROVIDING HOUSING SOLUTIONS OF HOMEOWNERSHIP, COMMUNITY DEVELOPMENT AND HOME REPAIR TO QUALIFIED APPLICANTS USING VOLUNTEER AND HOMEBUYER SWEAT EQUITY. 24 23 76 7122 0 0 5421942 5638300 3095827 4890268 63024 331399 186894 152299 8767687 11012266 79921 1588516 0 0 2014108 1925006 0 0 460357 5014190 6876905 7108219 10390427 1659468 621839 20487151 23066872 2482218 4167887 18004933 18898985 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. HABITAT FOR HUMANITY OF METRO LOUISVILLE 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 5508302 1588516 1982997 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'S 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 NONPROFIT 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 ENCOURAGE 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 2023, HABITAT OF METRO LOUISVILLE SERVED 131 FAMILIES WITH HOUSING SOLUTIONS INCLUDING 26 THROUGH ITS LONG-TERM HOMEOWNERSHIP PROGRAM AND 105 THROUGH ITS HOME PRESERVATION PROGRAM. 1623429 1706739 MORTGAGE DISCOUNTS: MORTGAGES ARE DISCOUNTED USING AN IMPUTED INTEREST RATE THAT APPROXIMATES THE RATE THAT AN INDEPENDENT BORROWER AND LENDER WOULD HAVE NEGOTIATED IN A SIMILAR TRANSACTION. NEW MORTGAGES EQUALING APPROXIMATELY 3.1 MILLION WERE WRITTEN AND ENTERED INTO IN 2023 AND WERE DISCOUNTED TO REPRESENT THE PRESENT VALUE OF THESE ZERO INTEREST LOANS. IMPUTED INTEREST OF 7.85% IS USED FOR MORTGAGES IN 2023. 1407675 1654437 RESTORE PROGRAM: THE PURPOSE IS TO GENERATE A SUSTAINABLE SOURCE OF INCOME FOR HFHML BY DIVERTING USABLE BUILDING MATERIALS, FURNITURE AND APPLIANCES FROM LANDFILLS AND SELLING THOSE DONATED ITEMS TO THE PUBLIC. IN 2023, WE ESTIMATE THAT OVER 2.1 MILLION POUNDS OF MATERIALS WERE DIVERTED FROM LANDFILLS. 787352 17940 HOME PRESERVATION PROGRAM: OUR HOME PRESERVATION PROGRAM IS AN OUTREACH INITIATIVE THAT SEEKS TO PROVIDE A WIDE RANGE OF OPPORTUNITIES FOR LOW TO MODERATE INCOME HOMEOWNERS, INCLUDING VETERANS AND SENIORS, WHO ARE STRUGGLING TO MAINTAIN THEIR HOMES BECAUSE OF AGE, DISABILITY OR FAMILY CIRCUMSTANCES. WE PARTNER WITH FAMILIES TO HELP THEM RECLAIM THEIR HOMES WITH PRIDE AND DIGNITY. THE PROGRAM ALLOWS FAMILIES TO STAY IN THEIR HOME AND AVOID THE UNCERTAINTY, TRAUMA AND EXPENSE OF MOVING. PROJECTS CONSIST OF INTERIOR AND/OR EXTERIOR REPAIRS INTENDED TO ALLEVIATE CRITICAL HEALTH, LIFE AND SAFETY ISSUES OR CODE VIOLATIONS. VOLUNTEER TEAMS WORK ALONG WITH SUBCONTRACTORS UNDER THE DIRECTION OF HABITAT OF METRO LOUISVILLE STAFF MEMBERS TO COMPLETE THE REPAIRS. IN 2023, 105 HOMEOWNERS WERE SERVED IN OUR HOME PRESERVATION PROGRAM. INCLUDES ALL OTHER PROGRAM EXPENSES. 787352 17940 9326758 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 39 0 1 76 1 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X X GREG GREENWOOD 5026376265 1620 BANK ST LOUISVILLE KY 40203 ROBERT D LOCKE CEO 40.00 X X 147696 0 21029 JOHN BORDERS VP OF ADMINISTRATION 2.00 X X 0 0 0 ROBIN BRAY DIRECTOR 1.00 X 0 0 0 ROBERT BURNS DIRECTOR 1.00 X 0 0 0 HOPE DINKINS DIRECTOR 1.00 X 0 0 0 KRISTEN ENGLISH DIRECTOR 1.00 X 0 0 0 GABE FRITZ DIRECTOR 1.00 X 0 0 0 JON BAKER DIRECTOR 1.00 X 0 0 0 JOHN HAMMOND DIRECTOR 1.00 X 0 0 0 BRIDGETTE JOHNSON DIRECTOR 1.00 X 0 0 0 CLAY KANNAPELL VP/SECRETARY 2.00 X X 0 0 0 GLENN KOSSE PRESIDENT 2.00 X X 0 0 0 CHRIS MERIWETHER DIRECTOR 1.00 X 0 0 0 TONYA MONTGOMERY DIRECTOR 1.00 X 0 0 0 DAVID NOFSINGER DIRECTOR 1.00 X 0 0 0 JOHN RIPPY DIRECTOR 1.00 X 0 0 0 JOHN SCHLAFER DIRECTOR 1.00 X 0 0 0 SCOTT STRAIGHT DIRECTOR 1.00 X 0 0 0 JOY WALKER TREASURER 2.00 X X 0 0 0 KEVIN WIGGINTON DIRECTOR 1.00 X 0 0 0 JEFF HEUN DIRECTOR 1.00 X 0 0 0 BETH WISEMAN DIRECTOR 1.00 X 0 0 0 ERIC HUELSMAN DIRECTOR 1.00 X 0 0 0 TYLER WARD DIRECTOR 1.00 X 0 0 0 147696 0 21029 1 0 1 0 BEES PLUMBING 4203 STARLIGHTLANE LOUISVILLE KY 40291 PLUMBING 246215 ALCANTARA ROOFING LLC 4607 ROSSMOOR DRIVE LOUISVILLE KY 40219 ROOFING 144249 ALTERNATIVE PLUMBING SOLUTIONS 6807 LAKE BUCKHORN CT LOUISVILLE KY 40291 PLUMBING 114295 LARRY ALLENS HEATING & AIR CONDITIONING PO BOX 9133 LOUISVILLE KY 40209 HVAC 112539 4 255023 768526 4614751 1798711 5638300 HOME SALES 531390 3165589 3165589 MORTGAGE DISCOUNTS 522292 1706739 1706739 ADMINISTRATIVE FEE INCOME 561000 17940 17940 4890268 169807 169807 58030 0 58030 58030 58030 1264639 155269 1258316 0 6323 155269 161592 155269 6323 24915 255023 39370 -14455 -14455 1654437 1634452 19985 19985 MISCELLANEOUS INCOME 900099 88739 88739 88739 11012266 5362113 0 11853 1588516 1588516 203746 122248 40749 40749 1294794 901174 195787 197833 100074 66688 14362 19024 171277 95679 49880 25718 155115 109861 19120 26134 90000 90000 206 206 76329 76329 21244 14644 6600 70571 45906 5126 19539 76317 17037 16820 42460 95832 38598 15269 41965 308177 279600 15538 13039 178920 168840 6729 3351 7866 2961 3745 1160 124902 62709 62193 25000 25000 217740 174192 32661 10887 72891 52869 12999 7023 BUILDING MATERIALS AND 3088523 3088523 DISCOUNTS ON MORTGAGES 1623429 1623429 COMMUNITY DEVELOPMENT A 512218 512218 REPAIRS AND MAINTENANCE 60849 47502 7602 5745 225891 198358 21803 5730 10390427 9326758 603312 460357 1603419 733606 2563291 810176 25438 147190 268 9171106 8812144 104457 97634 12000 18971 4410796 2771478 1770212 1639318 2947736 3603398 3920855 5572804 20487151 23066872 267570 479601 117646 27123 1247679 1427743 1000000 849323 1233420 2482218 4167887 X 17510375 18018310 494558 880675 18004933 18898985 20487151 23066872 621839 216642 55571 0 X X 0 1 X 1 0 X 1808370 2058206 3724715 5446241 5654475 18692007 1808370 2058206 3724715 5446241 5654475 18692007 215758 18476249 36304 22669 67828 63024 227837 417662 247649 247649 109734 134658 164863 263402 126664 799321 20156639 0.91660 0.88900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 109,734. 2020 AMOUNT: $ 134,658. 2021 AMOUNT: $ 164,863. 2022 AMOUNT: $ 263,402. 2023 AMOUNT: $ 126,664. PART II, LINE 10E MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1430922 131250 236946 50000 1749118 1044219 573435 -186462 1430922 831357 100000 112862 1044219 753203 78134 831337 628827 124376 753203 1.00000 0 0 29816 29816 3702022 2259227 1442795 200636 138363 62273 163893 163991 -98 314429 209897 104532 1639318 CASH EQUIVALENTS 1185203 C MUTUAL FUNDS 1423903 F PARK SPRINGS 1499 F US TREASURIES 749136 F EXCHANGE TRADED FUNDS 243657 F 3603398 CONSTRUCTION IN PROGRESS 4708004 OPERATING LEASES - RIGHT OF USE ASSETS 864800 5572804 OPERATING LEASES 864800 DEPOSITS PAYABLE 18620 FORGIVABLE NOTE PAYABLE 350000 1233420 X 12888386 216642 1673822 1890464 10997922 14344 14344 11012266 12049905 1673822 1673822 10376083 14344 14344 10390427 PART IV, LINE 2B: THE ESCROW ACCOUNT BALANCE REPRESENTS AMOUNTS COLLECTED BY HABITAT TO PAY PROPERTY TAXES AND HOMEOWNERS INSURANCE FOR THE HOMEOWNERS. PART V, LINE 4: THE BOARD'S INTENDED USE OF THE BOARD DESIGNATED ENDOWMENT FUNDS IS AN ANNUAL HOUSE SPONSORSHIP IN THE AMOUNT OF $50,000 PER YEAR. PART X, LINE 2: HABITAT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, HABITAT QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). MANAGEMENT HAS CONCLUDED THAT ANY TAX POSISITONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC 740-10 WOULD BE IMMATERIAL TO THE CONSOLIDATING FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX PURPOSES, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES OR ACCRUED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES OR ACCRUED IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF FUNDRAISERS SHOWN GROSS ON AUDITED FINANCIAL STATEMENTS 39,370. COST OF GOODS SOLD 1,634,452. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 14,344. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,634,452. COST OF FUNDRAISERS SHOWN GROSS ON AUDITED FINANCIAL STATEMENTS 39,370. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 14,344. BUILDING HOPE 271198 255023 16175 3626 6926 6332 14983 6385 SAZERAC TASTING 8740 8740 856 262 279938 255023 24915 3626 6926 7188 14983 6647 39370 -14455 0 HABITAT FOR HUMANITY BUILDING HOMES 130 1588516 BOOK CONSTRUCTION SCHEDULE I, PAGE 4 PART IV HABITAT FOR HUMANITY BUILDS NEW HOMES OR REHABILITATES EXISTING HOMES AND SELLS THEM TO FAMILIES IN NEED WHO HAVE INVESTED NECESSARY TIME AND EDUCATION INTO THE RESPONSIBILITIES OF HOME OWNERSHIP AND THE CONSTRUCTION OF THE HOME ITSELF. HABITAT ALSO COMPLETES MINOR REPAIRS FOR OWNER-OCCUPIED HOMES FOR FAMILIES IN NEED. THE ASSISTANCE COMES IN THE AMOUNT OF CONSTRUCTION COSTS OR COSTS INCURRED IN THE REHABILITATION OF ACTUAL HOMES SOLD TO RECIPIENT FAMILIES OR REPAIRED FOR OWNER-OCCUPIED HOMES. X 0 0 0 0 0 0 0 1 0 ROBERT D LOCKE CEO 143696 0 4000 0 0 0 15029 0 6000 0 168725 0 0 0 PART I, LINE 3 THE BOARD REVIEWS AND APPROVES THE COMPENSATION OF THE CEO ANNUALLY PART I, LINE 7 THE BOARD DECIDES ON AND APPROVES THE ANNUAL BONUS AMOUNT FOR THE CEO. X 1665882 FAIR MARKET VALUE X 3 7829 FAIR MARKET VALUE X 1 125000 APPRAISAL 0 1 1 PART I, LINE 32B: HABITAT USES A SPECIFIC ACCOUNT WITH BAIRD TO RECEIVE AND SELL PUBLICLY TRADED SECURITIES IT HAS RECEIVED WHEN DONATED. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE 990 IS FORWARDED ELECTRONICALLY TO BOARD AND FINANCE COMMITTEE MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED TO BOARD MEMBERS AND MEMBERS OF THE STAFF LEADERSHIP TEAM ANNUALLY. FORMS ARE REVIEWED WITH FOLLOW-UP MADE, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 SAME AS DESCRIBED IN ANSWER TO QUESTION 15A. FORM 990, PART VI, SECTION C, LINE 19 THEY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGES WERE MADE TO THIS PROCESS IN 2023 HABITAT HOME IMPROVEMENT PLACE LLC 1620 BANK STREET LOUISVILLE KY 40203 RESTORE AC KY HABITAT FOR HUMANITY OF METRO LOUISVILLE INC SANTA FE CROSSING LLC 1620 BANK STREET LOUISVILLE KY 40203 LAND DEVELOPMENT KY 1096398 N/A PARK SPRINGS LLC 1620 BANK STREET LOUISVILLE KY 40203 465423372 DEVELOPMENT KY HABITAT FOR HUMANITY OF METRO LOUISVILLE RELATED -34403 698677 0 1 0.90000 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PARK SPRINGS B 1499 EQUITY INVESTMENT PARK SPRINGS R 268 REIMBURSE DUE TO HABITAT PARK SPRINGS H 180000 PARK SPRINGS LOT SALES TO HABITAT