2024-11-11T06:57:06-06:00 2024-06-30 205907591 SMITH LEONARD PLLC 20 2ND ST NW STE 400 HICKORY NC 28601 990 2023-07-01 581652358 Habitat For Humanity of Catawba Valley Inc HABI 8283284663 PO Box 9475 Hickory NC 28603 Mitzi Gellman Executive Director 8283284663 2024-10-30 1 1 Lisa C Brown P01214026 8283221803 2024-10-30 2023 2024-10-15 13:58:12Z Mitzi Gellman PO Box 9475 Hickory NC 28603 3578507 0 X N/A X 1985 NC TO HELP ECONOMICALLY DISAVANTAGED PERSONS 12 12 28 127 0 0 1125672 1039096 1383046 2440459 262158 22489 77275 76463 2848151 3578507 0 0 0 0 1977359 2166087 0 0 347601 1562432 2309215 3539791 4475302 -691640 -896795 5806246 5459726 1992154 2764471 3814092 2695255 X HABITAT FOR HUMANITY OF CATAWBA VALLEY IS A NON-PROFIT, CHRISTIAN-BASED COMMUNITY ORGANIZATION DEDICATED TO BUILDING AND MAINTAINING SIMPLE, DECENT, AND AFFORDABLE HOUSING FOR HARD-WORKING, LOW-INCOME FAMILIES IN OUR COMMUNITY. 0 0 3059181 1511486 The purpose of the building program is to provide economically disadvantaged residents of Catawba County with decent and affordable housing. Each year, multiple families move into their new Habitat homes. Before receiving the keys to their new home, each homeowner volunteers 250 hours with Habitat by working on both the construction site and in the ReStore.We also offer financial literacy, homeownership, and estate planning classes to equip families with essential skills. For those not accepted into the program, we provide resources to improve their living situations. Our home repair program services families each year, completing critical repairs to ensure homes remain safe, dry, and warm. Through these initiatives, we empower families, enhance the quality of life, and strengthen our community. 806741 1027925 ReStore Catawba Valley plays a vital role in supporting Habitat for Humanity's building program in Catawba County, helping to ensure that more families have a decent and affordable place to call home. As a nonprofit retail store and donation center, ReStore Catawba Valley sells new and gently used furniture, home accessories, appliances, and more at a fraction of retail prices. A significant portion of our inventory consists of new furniture donated by local manufacturers and retailers, allowing us to offer quality products to the community. All proceeds from ReStore directly benefit Habitat for Humanity of Catawba Valley, providing essential funding for our construction projects and housing initiatives. Through this model, we not only promote sustainability and community support but also make strides toward fulfilling our mission of providing affordable housing to families in need. 3865922 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 1 28 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 NC X Mitzi Gellman 8283284663 102 3rd Ave NE Hickory NC 28601 X Lori Greveling Vice President 0.50 X X 0 0 0 Tara Bland President 0.50 X X 0 0 0 Jim Meade Treasurer 0.50 X X 0 0 0 Rodney Garren Board of Directors 0.50 X 0 0 0 Jim Benton Board of Directors 0.50 X 0 0 0 David Parsons Board of Directors 0.50 X 0 0 0 Rob Howard Board of Directors 0.50 X 0 0 0 Gerry Knox Board of Directors 0.50 X 0 0 0 Tiffany Gray-Napier Board of Directors 0.50 X 0 0 0 Margaret Pope Board of Directors 0.50 X 0 0 0 Jill Patton Board of Directors 0.50 X 0 0 0 Jane Jonkhoff Board of Directors 0.50 X 0 0 0 0 0 0 0 0 0 0 0 64000 975096 85086 1039096 Sale of homes 230000 1375645 1375645 Home store sales 459900 1027925 1027925 Other income 900099 36889 36889 2440459 22489 22489 Mortgage discount accr 230000 76463 76463 76463 3578507 2539411 0 0 1748324 1437353 91454 219517 34597 34597 246899 246899 136267 109512 26755 38698 38698 36187 22315 13872 57213 5532 51681 98491 80275 18216 154787 122473 32314 39388 39328 60 11869 3741 8128 101784 101784 21844 21844 77568 52877 19753 4938 46322 46322 Cost of Home 1356081 1356081 Other expenses 153292 69298 52805 31189 Project expenses 78387 78387 Repair expenses 37304 37304 4475302 3865922 261779 347601 878612 677160 306579 192637 246451 299298 4750 591245 520238 1491082 1564752 3007478 925649 2156662 2081829 130865 123812 5806246 5459726 111963 144095 1880191 2620376 1992154 2764471 X 3741723 2685262 72369 9993 3814092 2695255 5806246 5459726 -896795 -222042 0 X X 0 1 X 1 0 X 851189 1049396 3641530 1125672 975097 7642884 851189 1049396 3641530 1125672 975097 7642884 2346482 5296402 190 8 1504 8839 22490 33031 7675915 0.69000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 453000 453000 1151008 925649 225359 124738 124738 1278732 1278732 2081829 3560160 -18347 -18347 3578507 0 3578507 4456955 -18347 -18347 4475302 0 4475302 Part IV, Line 1b: The Organization collects amounts from new homeowners to be used toward the purchase of qualifying housing. The Organization does not report these funds as its assets or liabilities. Part XI, Line 2d - Other Adjustments: Discounting of Pledges -18,347. Part XII, Line 2d - Other Adjustments: Discounting of Pledges -18,347. Schedule D Part X; Line 2 The Organization maintains a tax-exempt status under Internal Revenue Code Section 501(c)(3). Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization and has concluded that as of June 30, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. Management believes it is no longer subject to income tax examinations for years ended on or before June 30, 2020. X Shingles 1 31416 Standard market rate X Appliances 8 28939 Standard market rate X Landscaping, Concrete, etc. 10 19531 Standard market rate X Sorage Unit 12 5200 Standard market rate 0 0 0 Form 990, Part VI, Section B, line 11b The Organization's external auditor presents the audit report and the accompanying tax return to the Board of Directors prior to the filing of the tax return. Any questions the Board of Directors may have are answered at that time. Form 990, Part VI, Section B, line 15 The Board of Directors approves all compensation amounts including any raises or bonuses. The Board of Directors uses local comparable compensation. Form 990, Part VI, Section C, line 19 The organization makes its governing documents and financial statements available to the public upon request. Form 990, Part XII, Line 2c: The Board of Directors assumes responsibility for oversight of the audit of the Organization's financial statements and selection of an independent accountant.