HABITAT FOR HUMANITY OF BOONE COUNTY INC

EIN: 351620989 501(c)(3) Housing & Shelter

ZIONSVILLE, IN

Total Revenue
$2,124,342
Total Expenses
$1,401,389
Total Assets
$4,168,863
Net Assets
$3,443,881
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IN
Principal Officer
JIM LAFAYETTE
Phone
7654835134
Tax Period
2024-01-01 to 2024-12-31

HABITAT FOR HUMANITY OF BOONE COUNTY INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $723K, a strong 34% operating margin.

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY OF BOONE COUNTY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. WE ARE DEDICATED TO PROVIDING FAIR AND EQUAL HOUSING TO OUR BOONE COUNTY COMMUNITY. WE ARE PROUD TO BE A LEADER IN BRINGING RACIAL EQUALITY THROUGH AFFORDABLE HOUSING TO OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $897,929 Revenue: $656,038

HOMEOWNERSHIP PROGRAM: FAMILIES IN NEED OF A DECENT, DURABLE PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT FOR HUMANITY OF BOONE COUNTY HOUSES ARE MODESTLY SIZED. THEY...

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HOMEOWNERSHIP PROGRAM: FAMILIES IN NEED OF A DECENT, DURABLE PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT FOR HUMANITY OF BOONE COUNTY HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE FAMILY NEEDS OF THE HOMEOWNER, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING THE HOUSE SIZE MODEST, USING DONATED CONSTRUCTION MATERIALS AND APPLIANCES, AND ISSUING NO-PROFIT LOANS, HABITAT MAKES ITS HOUSES AFFORDABLE FOR LOW-INCOME FAMILIES TO PURCHASE AND ALLOWS FAMILIES TO IMPROVE THEIR LIVING CONDITIONS, INVEST IN THE COMMUNITY, AND PROVIDE FOR FUTURE GROWTH. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITIONS THAT ALLEVIATE FAMILIES FROM INSTABILITY STRESS AND FEAR AND ENCOURAGE SELF -RELIANCE AND CONFIDENCE. MORTGAGES ARE STRUCTURED SO THAT FAMILIES PAY LESS THAN 28% OF THEIR MONTHLY INCOME TOWARD HOUSING COSTS. 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 2024, HABITAT FOR HUMANITY OF BOONE COUNTY SERVED 3 ADULTS AND 7 CHILDREN THROUGH ITS LONG TERM HOMEOWNERSHIP PROGRAM.

Program 2
Expenses: $294,010 Revenue: $461,330

BOONE COUNTY RESTORE: THE BOONE COUNTY RESTORE IS A HOME GOODS STORE SUPPORTED BY LOCAL DONATIONS THAT ARE SOLD TO THE GENERAL PUBLIC AT REDUCED PRICES. THE RESTORE HAS BEEN IN OPERATION SINCE 2018...

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BOONE COUNTY RESTORE: THE BOONE COUNTY RESTORE IS A HOME GOODS STORE SUPPORTED BY LOCAL DONATIONS THAT ARE SOLD TO THE GENERAL PUBLIC AT REDUCED PRICES. THE RESTORE HAS BEEN IN OPERATION SINCE 2018. BY SELLING GENTLY USED ITEMS, THE BOONE COUNTY RESTORE REDUCES LANDFILL BURDEN, PROVIDES EMPLOYMENT OPPORTUNITIES, AND ENCOURAGES VOLUNTEERISM THROUGH ITS STOREFRONT OPERATION. DURING THE 2024 CALENDER YEAR, THE BOONE COUNTY RESTORE KEPT APPROXIMATELY 408 TONS OF WASTE OUT OF THE LANDFILL, EMPLOYED THREE INDIVIDUALS, HOSTED OVER 57 VOLUNTEERS WORKING MORE THAN 7,642 HOURS, AND PROVIDED AFFORDABLE HOME GOODS TO OVER 9,900 SHOPPERS. FUNDS GENERATED THROUGH THE SALE OF DONATED ITEMS WORK IN TANDEM WITH OTHER REVENUE GENERATING PROGRAMS TO SUPPORT THE HABITAT FOR HUMANITY OF BOONE COUNTY'S AFFORDABLE HOUSING MISSION WORK.

Program 3

FINANCIAL AND HOMEBUYER EDUCATION PROGRAMS: AS PART OF THE HOMEOWNERSHIP PROCESS, HABITAT FOR HUMANITY OF BOONE COUNTY BELIEVES FINANCIAL EDUCATION BUILDS A MORE SOLID FOUNDATION FOR LONG-TERM...

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FINANCIAL AND HOMEBUYER EDUCATION PROGRAMS: AS PART OF THE HOMEOWNERSHIP PROCESS, HABITAT FOR HUMANITY OF BOONE COUNTY BELIEVES FINANCIAL EDUCATION BUILDS A MORE SOLID FOUNDATION FOR LONG-TERM PERSONAL SUCCESS AND HELPS ALLEVIATE ANY CONCERNS OR BARRIERS ON THE PATH TO HOMEOWNERSHIP. DURING THESE FINANCIAL EDUCATION CLASSES, WE COVER TOPICS SUCH AS BUDGETING; CREDIT CARDS AND CREDIT REPORTS; DEBT AND LOANS; SAVING, INVESTING AND PLANNING FOR THE FUTURE; EMERGENCY SITUATIONS AND HABITAT HOMEOWNER MORTGAGES. A MORE IN-DEPTH UNDERSTANDING OF THESE IMPORTANT CONCEPTS IS A TOOL THAT CAN BE USED TO BUILD A BETTER FUTURE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $896,992
Program Service Revenue $1,100,260
Investment Income $22,681
Other Revenue $104,409
TOTAL REVENUE $2,124,342

Expense Breakdown

Grants Paid $0
Salaries & Benefits $291,237
Fundraising Expenses $30,365
Program Expenses $1,191,939
Other Expenses $1,110,152
TOTAL EXPENSES $1,401,389

Year-over-Year Comparison

2024 2023 Change
Revenue $2,124,342 $2,498,560 -0.1%
Expenses $1,401,389 $1,500,541 -0.1%
Net Income $722,953 $998,019 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
8
Volunteers
992

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$69,801
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN MCGORMLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JIM LAFAYETTE PRESIDENT 5.00
Officer Director
$0 $0 $0
DAN PUCK TREASURER 5.00
Officer Director
$0 $0 $0
SCOTT ROZZI SECRETARY 5.00
Officer Director
$0 $0 $0
CHRISTY TIDWELL FAMILY SERVIC. CHAIR 5.00
Officer Director
$0 $0 $0
BOB CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
AMY BURCHAM BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE LOENEN BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE NOBIS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMISON ROZZI VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ELIZABETH QUA EXECUTIVE DIRECTOR 40.00
Officer
$69,801 $0 $69,801
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,124,342 $1,401,389 $4,168,863 $722,953
2023 $2,498,560 $1,500,541 $3,528,742 $998,019
2022 $1,634,354 $1,198,277 $3,136,243 $436,077
2021 $1,259,777 $931,930 $2,822,297 $327,847
2020 $796,654 $647,232 $2,383,155 $149,422
2019 $941,351 $829,104 $2,214,573 $112,247
2018 $735,849 $742,126 $2,086,654 $-6,277
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