HANOVER AND KING WILLIAM HABITAT FOR HUMANITY

EIN: 541541798 501(c)(3) Housing & Shelter

MECHANICSVILLE, VA

Total Revenue
$2,440,972
Total Expenses
$2,042,921
Total Assets
$3,068,583
Net Assets
$2,301,429
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
VA
Principal Officer
MORGAN DEAN
Phone
8045696108
Tax Period
2024-07-01 to 2025-06-30

HANOVER AND KING WILLIAM HABITAT FOR HUMANITY, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $398K, a strong 16% operating margin.

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, HANOVER AND KING WILLIAM 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. HANOVER AND KING WILLIAM 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: $1,063,947 Revenue: $571,917

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 HOME OWNERS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING 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. 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 FAMILY BY SAVING FOR THEIR FUTURES AND INVESTING IN EDUCATIONAL OPPORTUNITIES, BOLSTERING JOB OPPORTUNITIES AND CAREER GROWTH. DURING FISCAL YEAR 2023, HANOVER AND KING WILLIAM HABITAT FOR HUMANITY SERVED MORE THAN THREE FAMILIES THROUGH ITS LONG-TERM HOMEOWNERSHIP PROGRAM.

Program 2
Expenses: $614,675 Revenue: $623,624

THE ORGANIZATION OPERATES THE RESTORE, A NONPROFIT HOME IMPROVEMENT STORE AND DONATION CENTER THAT SELLS NEW AND GENTLY USED FURNITURE, HOME ACCESSORIES, BUILDING MATERIALS AND APPLIANCES TO THE...

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THE ORGANIZATION OPERATES THE RESTORE, A NONPROFIT HOME IMPROVEMENT STORE AND DONATION CENTER THAT SELLS NEW AND GENTLY USED FURNITURE, HOME ACCESSORIES, BUILDING MATERIALS AND APPLIANCES TO THE PUBLIC AT A FRACTION OF THE RETAIL PRICE. PROCEEDS FROM THE RESTORE FUND OUR HOMEOWNERSHIP AND REPAIR PROGRAMS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,153,347
Program Service Revenue $1,195,541
Investment Income $24,820
Other Revenue $67,264
TOTAL REVENUE $2,440,972

Expense Breakdown

Grants Paid $5,200
Salaries & Benefits $505,144
Fundraising Expenses $121,233
Program Expenses $1,678,622
Other Expenses $1,532,577
TOTAL EXPENSES $2,042,921

Year-over-Year Comparison

2024 2023 Change
Revenue $2,440,972 $2,123,598 +0.1%
Expenses $2,042,921 $2,288,373 -0.1%
Net Income $398,051 $-164,775 -3.4%
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
14
Independent Members
14
Employees
21
Volunteers
N/A

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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH CHAMBERS PRESIDENT 2.00
Officer Director
$0 $0 $0
AUBREY BROWN III VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
REX HOCKEMEYER TREASURER 2.00
Officer Director
$0 $0 $0
JIM FOLEY SECRETARY 2.00
Officer Director
$0 $0 $0
DOMINIC SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
TIFFANY BARBER BOARD MEMBER 2.00
Director
$0 $0 $0
BOBBY BROYLES BOARD MEMBER 2.00
Director
$0 $0 $0
JOYCE SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
BRENT CHAMBERS BOARD MEMBER 2.00
Director
$0 $0 $0
ERIC YOUNG BOARD MEMBER 2.00
Director
$0 $0 $0
LARRY MIKKELSON BOARD MEMBER 2.00
Director
$0 $0 $0
LEE PICARD BOARD MEMBER 2.00
Director
$0 $0 $0
BRANDON TURNER BOARD MEMBER 2.00
Director
$0 $0 $0
KRYSTAL BOLDEN BOARD MEMBER 2.00
Director
$0 $0 $0
MORGAN DEAN EXECUTIVE DIRECTOR 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 $2,440,972 $2,042,921 $3,068,583 $398,051
2024 $2,123,598 $2,288,373 $3,227,425 $-164,775
2023 $1,910,598 $1,660,221 $3,732,853 $250,377
2022 $1,977,609 $1,547,414 $2,612,371 $430,195
2021 $1,695,970 $1,662,826 $2,019,832 $33,144
2020 $1,857,775 $1,981,479 $2,169,967 $-123,704
2019 $1,311,036 $1,336,483 $2,410,075 $-25,447
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