CROW RIVER HABITAT FOR HUMANITY INC

EIN: 411798128 501(c)(3) Housing & Shelter

HUTCHINSON, MN

Total Revenue
$101,046
Total Expenses
$120,517
Total Assets
$1,101,935
Net Assets
$987,842
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MN
Principal Officer
BAYLEY SCHLUTER
Phone
3205878868
Tax Period
2023-07-01 to 2024-06-30

CROW RIVER HABITAT FOR HUMANITY INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $101K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $121K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MISSION OF CROW RIVER HABITAT FOR HUMANITY (CRHFH) IS TO ELIMINATE POVERTY HOUSING FROM MCLEOD COUNTY AND TO MAKE DECENT, AFFORDABLE SHELTER FOR ALL PEOPLE A MATTER OF CONSCIENCE. CRHFH FULFILLS ITS MISSION THROUGH TWO PROGRAM INITIATIVES WHICH ADDRESS HOME OWNERSHIP NEEDS IN THE COMMUNITY WHILE ENGAGING THE COMMUNITIY IN THE ISSUES OF AFFORDABLE HOMEOWNERSHIP.

Program Service Accomplishments

Program 1
Expenses: $38,584 Revenue: $27,511

CROW RIVER HABITAT FOR HUMANITY (CRHFH) CREATES AFFORDABLE HOME OWNERSHIP BY MATCHING A SITE TO FAMILY AND THEN ENGAGES THE FAMILY AND COMMUNITY VOLUNTEERS TO BUILD OR REHAB THE HOME USING DONATED...

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CROW RIVER HABITAT FOR HUMANITY (CRHFH) CREATES AFFORDABLE HOME OWNERSHIP BY MATCHING A SITE TO FAMILY AND THEN ENGAGES THE FAMILY AND COMMUNITY VOLUNTEERS TO BUILD OR REHAB THE HOME USING DONATED LABOR, MATERIALS AND CONTRIBUTED FUNDS. THE HOMES ARE SOLD TO LOCAL LOW-INCOME FAMILIES THAT EARN BETWEEN 30%-60% OF MCLEOD COUNTY'S ARE MEDIAN INCOME. CRHFH AND THE HABITAT FAMILY AGREE TO THE PRICE OF THE 1ST AND 2ND MORTGAGE THAT IS MOST AFFORDABLE FOR THE HOUSEHOLD BEFORE GROUND BREAKING. CRHFH MANAGES THE PROJECT BUDGET AND PARTNERS WITH RURAL DEVELOPMENT TO FINANCE THE HOME. AT THE TIME OF CLOSING, THE FAMILY ENTERS INTO A LOW-INTEREST LOAN AGREEMENTS TO PAY THE FIRST MORTAGAGE TO RURAL DEVELEOPMENT OVER 33 YEARS AND A SECOND MORTGAGE TO CRHFH ON THE HOME TO CAPTURE THE DIFFERENCE BETWEEN ACTUAL COST AND FAIR MARKET VALUE. THE FIRST MORTGAGE PAYMENT FROM RURAL DEVELOPMENT ARE ADDED TO THE BUILDING RESOURCES FOR FUTURE HABITAT HOME PROJECTS. CRHFH ALSO PREPARES FAMILIES TO BE SUCCESSFUL HOMEOWNERS BY HAVING THEM COMPLETE CLASSES RANGING FROM PERSONAL FINANCE TO HOME MAINTENANCE. 28 FAMILIES HAVE PURCHASED HOMES SINCE 1996. CRHFH IS CONSTANTLY WORKING WITH A BROAD RANGE OF COMMUNITY PARTNERS TO ELIMINATE POVERTY HOUSING AND EDUCATE THE PUBLIC ON AFFORDABLE HOUSING ISSUES. CRHFH UTILIZED ADVOCATES WHO SUPPORT OUR PUBLIC POLICY EFFORT. ADDITIONALLY, CRHFH IS SUPPORTED BY COUNTLESS VOLUNTEERS IN ALL ASPECTS OF OUR MISSION WORK. PRESERVING HOMEOWNERSHIP IS A PROGRAM WHICH ALLOWS EXISTING HOMEOWNERS IN THE COMMUNITY TO REMAIN IN THEIR HOME. PRIORITY IS GIVEN TO THE ELDERLY, VETERANS, THOSE WITH DIABILITIES AND SINGLE PARENTS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,237
Program Service Revenue $27,511
Investment Income $7,833
Other Revenue $19,465
TOTAL REVENUE $101,046

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,503
Fundraising Expenses $20,626
Program Expenses $38,584
Other Expenses $58,014
TOTAL EXPENSES $120,517

Year-over-Year Comparison

2023 2022 Change
Revenue $101,046 $87,128 +0.2%
Expenses $120,517 $91,109 +0.3%
Net Income $-19,471 $-3,981 +3.9%
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
8
Independent Members
8
Employees
3
Volunteers
106

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
$53,913
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BAYLEY SCHLUTER EXECUTIVE DI 32.00
Officer
$43,000 $0 $43,000
STEFANIE MORGAN VOLUNTEER CO 17.85
Officer
$10,913 $0 $10,913
BEN ANDERSON PRESIDENT 0.50
Officer Director
$0 $0 $0
LORETTA CHRISTENSEN SECRETARY 0.50
Officer Director
$0 $0 $0
MARY CHRISTENSEN TREASURER 0.50
Officer Director
$0 $0 $0
DENNY DAVIS DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL MASSMANN DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE REDDING VICE PRESIDE 0.50
Officer Director
$0 $0 $0
SAM SCHNOLL DIRECTOR 0.50
Director
$0 $0 $0
CRAIG TRESBESCH DIRECTOR 0.50
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $101,046 $120,517 $1,101,935 $-19,471
2023 $87,128 $91,109 $1,125,383 $-3,981
2022 $226,868 $92,436 $1,402,307 $134,432
2021 $123,120 $84,504 $1,275,996 $38,616
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