2024-09-17T11:27:48-07:00 2023-12-31 990 2023-01-01 341864802 Habitat for Humanity of Findlay Hancock County HABI 4194291400 1200 Commerce Parkway Findlay OH 45840 Kelly Croy President 4194278128 2024-09-17 1 2023 2024-08-08 14:25:15Z Wendy McCormick 1400 Commerce Parkway Findlay OH 45840 4228918 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. 18 18 26 1024 0 0 1925448 2516879 1621326 1628598 483 38339 15511 29451 3562768 4213267 0 0 0 0 766998 875001 0 0 147920 2324037 2597593 3091035 3472594 471733 740673 4780030 5476561 1058784 1014640 3721246 4461921 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 792878 0 563920 (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 2023 the organization provided new housing for 4 families which provided housing for 10 individuals (4 adults and 6 children). 1582561 0 992408 (Code: 453310) ReStore Operations - The restore is a retail outlet where used furniture, appliances and household items and surplus building materials are sold at a fraction of the normal prices with the net proceeds going to fund the other organization's programs. Materials sold by the restore are primarily donated by individuals to show their support of Habitat and are recognized as gifts in kind. In addition to raising funds, the restore helps the environment by repurposing quality materials into use, instead of into the landfill. 237851 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 2023 265+ clients were counseled or are currently enrolled in the program. 152242 0 4667 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. In 2023, 21 families received home repairs. 353566 92540 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 4514 Vendor Rebates - The Vendor rebates will be applied against future program expenses. 505808 0 101721 3119098 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 26 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 18 18 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 Scott Rhodes President / Executive Committee 2 0 X X 0 0 0 Kelly Croy 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 Warren Long Past Board President/Executive Committee 2 0 X 0 0 0 Bret Spaeth Attorney / Executive Committee 2 0 X 0 0 0 Vacant 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 Michael Brough Finance 1 0 X 0 0 0 Joe Ernst Church Relations 1 0 X 0 0 0 Debbie Crow Public Relations 1 0 X 0 0 0 Ruthellen Ondrus 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 Kristin Day 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 X 0 0 374500 0 76150 2066229 1601315 2516879 Home Sales 531390 563500 563500 0 0 Home Repair Sales (Income) 811000 4667 4667 0 0 Late Fees - Mortgages 522320 420 420 0 0 Mortgage Amortization 522292 92540 92540 0 0 ReStore Sales and Misc. 453310 962957 962957 0 0 4514 4514 0 0 1628598 37839 37839 0 0 0 0 0 0 0 0 0 0 0 0 0 500 0 0 0 500 500 500 0 0 0 374500 0 0 0 0 0 0 0 0 0 0 45102 15651 29451 29451 0 0 0 0 0 0 0 4213267 1696388 0 0 X 0 0 0 0 0 0 0 0 87000 26100 26100 34800 0 0 0 0 636068 568439 51002 16627 18669 14837 2309 1523 64087 56230 4727 3130 69177 56970 7260 4947 3230 3180 50 0 37577 0 37577 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26052 24112 1555 385 13185 8600 2586 1999 57603 38104 13798 5701 15171 11302 2947 922 0 0 0 0 79545 74084 3519 1942 7102 4142 2960 0 0 0 0 0 15413 3660 11683 70 44801 41039 2239 1523 11710 5324 5693 693 89282 86024 2038 1220 36763 18076 18432 255 Construction Materials, Labor and Land Cost 608949 608949 0 0 Mortgage Discount Expense 353566 353566 0 0 Client Assistance 39639 39639 0 0 ReStore Cost of Goods Sold 961180 961180 0 0 196825 115541 9101 72183 3472594 3119098 205576 147920 1974071 457660 0 1740175 192543 109839 5695 6639 0 0 0 0 963099 1092641 106709 540639 18538 13151 1836714 335017 1503710 1501697 0 0 0 0 15665 14120 0 0 0 0 4780030 5476561 66428 56512 0 0 1060 25 0 0 46163 46507 0 0 945133 911596 0 0 0 0 1058784 1014640 X 2766491 3661756 954755 800165 3721246 4461921 4780030 5476561 X 740673 0 0 0 0 2 X X 1 X 0 1 0 X 259388 844222 1114313 1925448 2516879 6660250 0 0 0 0 0 0 0 0 0 0 0 0 259388 844222 1114313 1925448 2516879 6660250 6660250 0 0 0 0 3439 6236 3847 146 37839 51507 0 0 0 15511 31228 46739 6758496 0.98546 0.99322 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 1457822 0 174979 1282843 0 0 0 0 302279 0 158874 143405 3491 0 1164 2327 1501697 0 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 Federal Jurisdiction and the State of Ohio. As December 31, 2023 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 296410 0 296410 0 0 13157 0 400 32477 Mid-Year and EOY Appeals 27390 0 27390 0 0 0 0 0 14689 3 50700 0 50700 868 0 13452 250 0 866 374500 0 374500 868 0 26609 250 400 48032 76159 298341 X Home Construction Materials 44 60085 Est. Retail Value X Office Equipment 40 9850 Est. Retail Value X Raffle MDSE 1 21954 Est. Retail Value X Tools and Equipment 8 7283 Est. Retail Value X Items donated to ReStore 106577 90792 Resale Value X Storage Facilities 2 22000 Est. Market Rate X Misc. Labor 7 24816 Est. Market Rate X Hospitality Meals 50 10484 Est. Market Value 0 0 0 0 Schedule M, Part I, Line 33 FOR Schedule M, Part I, Line 25: 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 5 Volunteers hours are tracked monthly, and the number of volunteers reported is an estimate with the intent to only include each individual 1 time. Total volunteer hours in 2023 were 9930. Form 990, Part III, Line 4d Code 811000 Home Repair Program - Expenses = 152,242 and revenue = 4,667 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 2023 21 families received home repairs. Code 522922 Mortgage Discounting & Amortization - Expenses= $353,566 Revenues $92,540 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= $4,514 Vendor rebates 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 with 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 is also provided to the independent accounting firm who performs the annual review of the financial statements. 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 subject to review by the HR representative on the board. 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 VIII, Line 10a Paint, Sauder, Pop Form 990, Part VIII, Line 10b Paint, Sauder, Pop 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 cost, information technology, office related expenses, and other costs are grouped together and we allocate these in compliance with the Generally Accepted Accounting Principles, or GAAP, across the Programs including Management and General and Fundraising categories. Finally, 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) 6,161 Warehouse Supplies {Restore) 12,026 Customer/Donor Expenses 475 Staff Expenses - Uniforms, Training etc. 12,088 Volunteer Expenses 26,726 Board Expenses 80 ReStore Miscellaneous expenses 1,793 ReStore Online Sales Expenses 48,064 Fundraising Event Expenses 72,172 Overhead billed to Repair projects <2,931> Total 174,861 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 2022 review was completed on Dec 21, 2023. Oversight of the selection process for the annual review and compilation of the financial statements is with the Exec Committee. Schedule B, Part I Special Rules 2 - 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