RICHMOND METRO HABITAT FOR HUMANITY

EIN: 541385198 501(c)(3) Housing & Shelter

RICHMOND, VA

Total Revenue
$6,875,590
Total Expenses
$7,381,498
Total Assets
$12,825,289
Net Assets
$9,065,531
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
DAVE NEARY
Phone
8042327001
Tax Period
2024-07-01 to 2025-06-30

RICHMOND METRO HABITAT FOR HUMANITY, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $6.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

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. RICHMOND METRO HABITAT FOR HUMANITY 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.

Program Service Accomplishments

Program 1
Expenses: $2,875,603 Revenue: $3,926,123

RESTORES: HABITAT RESTORES ARE NONPROFIT HOME IMPROVEMENT STORES AND DONATION CENTERS. THE STORES ARE OPEN TO THE PUBLIC AND THE ITEMS THEY SELL ARE SIMILAR TO WHAT YOU MAY FIND IN OTHER HOME GOODS...

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RESTORES: HABITAT RESTORES ARE NONPROFIT HOME IMPROVEMENT STORES AND DONATION CENTERS. THE STORES ARE OPEN TO THE PUBLIC AND THE ITEMS THEY SELL ARE SIMILAR TO WHAT YOU MAY FIND IN OTHER HOME GOODS STORES, SUCH AS A BRAND NEW BOX OF TILE YOU'VE BEEN NEEDING FOR YOUR BATHROOM PROJECT OR A VINTAGE TREASURE YOU WON'T FIND ANYWHERE ELSE. HOWEVER, HABITAT RESTORES ARE MORE THAN JUST RESALE STORES. THE RESTORE IS A VITAL SOURCE OF REVENUE TO SUPPORT RICHMOND HABITAT'S WORK. IN ADDITION, THE RESTORE SUPPORTS HABITAT'S OVERALL ENVIRONMENTAL GOALS BY DIVERTING USABLE MATERIALS AWAY FROM THE WASTE STREAM, PROMOTING RESPONSIBLE STEWARDSHIP OF NATURAL RESOURCES.

Program 2
Expenses: $2,519,579 Revenue: $1,923,652

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...

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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 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 NO-PROFIT 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 2025, RICHMOND METRO HABITAT FOR HUMANITY SERVED MORE THAN 25 PEOPLE THROUGH ITS LONG-THERM HOMEOWNERSHIP PROGRAM.

Program 3
Expenses: $756,896 Revenue: $577,876

CRITICAL HOME REPAIR: OUR CRITICAL HOME REPAIR PROGRAM IS AN OUTREACH INITIATIVE THAT SEEKS TO PROVIDE A WIDE RANGE OF OPPORTUNITIES FOR LOW- TO MODERATE-INCOME HOMEOWNERS, INCLUDING VETERANS AND...

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CRITICAL HOME REPAIR: OUR CRITICAL HOME REPAIR 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 RICHMOND METRO HABITAT FOR HUMANITY STAFF MEMBERS TO COMPLETE REPAIRS. SINCE THE INCEPTION OF THE HOME PRESERVATION PROGRAM, RICHMOND METRO HABITAT FOR HUMANITY HAS PARTNERED WITH 54 LOCAL HOMEOWNERS, WITH 54 HOMEOWNERS SERVED DURING FY2025.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,578,924
Program Service Revenue $1,602,386
Investment Income $182,934
Other Revenue $511,346
TOTAL REVENUE $6,875,590

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,768,158
Fundraising Expenses $448,940
Program Expenses $6,209,661
Other Expenses $3,613,340
TOTAL EXPENSES $7,381,498

Year-over-Year Comparison

2024 2023 Change
Revenue $6,875,590 $8,354,170 -0.2%
Expenses $7,381,498 $10,176,965 -0.3%
Net Income $-505,908 $-1,822,795 -0.7%
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
20
Independent Members
20
Employees
73
Volunteers
1510

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
8
$261,811
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAKE BLOOM SECRETARY 2.00
Officer Director
$0 $0 $0
FLORETTA BARBEE-WATKINS DIRECTOR 2.00
Director
$0 $0 $0
LUANDA FISCELLA DIRECTOR 2.00
Director
$0 $0 $0
CHAD JOYCE DIRECTOR 2.00
Director
$0 $0 $0
ANNE MARIE CARROLL DIRECTOR 2.00
Director
$0 $0 $0
W MERCER FERGUSON BOARD CHAIR 5.00
Officer Director
$0 $0 $0
MARQUITA EDMONDS DIRECTOR 2.00
Director
$0 $0 $0
EILEEN S JACKSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
DAVID HILTEBRAND DIRECTOR 2.00
Director
$0 $0 $0
REBECCA D'ANGELO DIRECTOR 2.00
Director
$0 $0 $0
DOUG GARSON DIRECTOR 2.00
Director
$0 $0 $0
TRACY FOARD DIRECTOR 2.00
Director
$0 $0 $0
RHONDA TYLER DIRECTOR 2.00
Director
$0 $0 $0
TED LANSING DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL ROSSER DIRECTOR 2.00
Director
$0 $0 $0
JAMES NAMORATO TREASURER 2.00
Officer Director
$0 $0 $0
G ANDREW NEA JR PRO BONO GENERAL COUNSEL 10.00
Director
$0 $0 $0
JAMES KATSAROS DIRECTOR 2.00
Director
$0 $0 $0
MELODIE THIGPEN DIRECTOR 2.00
Director
$0 $0 $0
PAUL TRAPP DIRECTOR 2.00
Director
$0 $0 $0
MADELYN PEAY CEO - ENDED 8/24 40.00
Officer
$88,899 $7,752 $96,651
MATTHEW WARING COO 40.00
Officer
$106,408 $8,267 $114,675
MARY KAY HUSS INTERIM CEO - ENDED 3/25 40.00
Officer
$50,485 $0 $50,485
DAVE NEARY CEO - STARTED 2/25 40.00
Officer
$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 $6,875,590 $7,381,498 $12,825,289 $-505,908
2024 $8,354,170 $10,176,965 $13,743,445 $-1,822,795
2023 $7,408,897 $7,963,647 $16,005,401 $-554,750
2022 $11,681,455 $6,831,495 $16,536,878 $4,849,960
2021 $6,509,502 $4,972,172 $11,482,552 $1,537,330
2020 $5,137,203 $5,234,154 $10,318,516 $-96,951
2019 $5,864,907 $6,186,740 $9,906,421 $-321,833
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