ASHEVILLE AREA HABITAT FOR HUMANITY INC

EIN: 561363464 501(c)(3) Housing & Shelter

ASHEVILLE, NC

Total Revenue
$16,306,479
Total Expenses
$11,877,711
Total Assets
$41,610,024
Net Assets
$29,741,216
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NC
Principal Officer
ROBERT L DALMAN
Phone
8282515702
Tax Period
2024-07-01 to 2025-06-30

ASHEVILLE AREA HABITAT FOR HUMANITY INC, founded in 1983, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.3M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 27% operating margin.

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, ASHEVILLE AREA HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.

Program Service Accomplishments

Program 1
Expenses: $10,773,146 Revenue: $4,792,773

BUILDING AND REVITALIZING HOMES FOR OWNERSHIP: ASHEVILLE AREA HABITAT FOR HUMANITY (AAHH) BUILDS AND FINANCES 1, 2, 3, AND 4-BEDROOM HOMES AND TOWNHOMES, INCLUDING AGING IN PLACE UNITS BUILT...

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BUILDING AND REVITALIZING HOMES FOR OWNERSHIP: ASHEVILLE AREA HABITAT FOR HUMANITY (AAHH) BUILDS AND FINANCES 1, 2, 3, AND 4-BEDROOM HOMES AND TOWNHOMES, INCLUDING AGING IN PLACE UNITS BUILT SPECIFICALLY FOR AGE 55+. THE CONSTRUCTION AND SALE OF 16 NEW HOMES IN THE GLENN BRIDGE NEIGHBORHOOD (ARDEN) AND THE REVITALIZATION AND SALE OF 3 HOMES WAS COMPLETED IN THE FISCAL YEAR ENDING JUNE 30, 2025. CONSTRUCTION BEGAN AT NEW HEIGHTS, PHASE 2 (WEST ASHEVILLE), THE FUTURE SITE OF 60 HOMES. IN ADDITION TO CORE CONSTRUCTION VOLUNTEERS AND LOCAL SPONSORING GROUPS, 34 VISITING GROUPS (OF 6-20 VOLUNTEERS) VOLUNTEERED TO BUILD HOMES WITH ASHEVILLE HABITAT POST HURRICANE HELENE. THE FIRST HABITAT AFFILIATE IN NC AND THE LARGEST BUILDER OF GREEN BUILT-CERTIFIED HOMES IN THE STATE, ASHEVILLE HABITAT PROVIDES QUALIFIED LOW-INCOME RESIDENTS THE OPPORTUNITY TO BUY A HOME AND BUILD GENERATIONAL WEALTH.

Program 2

REPAIRING EXISTING HOMES (TRADITIONAL & DISASTER): PRESERVING HOMEOWNERSHIP THROUGH AN AFFORDABLE HOME REPAIR PROGRAM HELPS LOW-INCOME AND OLDER ADULT RESIDENTS LIVE IN THEIR HOMES FOR LONGER, AND...

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REPAIRING EXISTING HOMES (TRADITIONAL & DISASTER): PRESERVING HOMEOWNERSHIP THROUGH AN AFFORDABLE HOME REPAIR PROGRAM HELPS LOW-INCOME AND OLDER ADULT RESIDENTS LIVE IN THEIR HOMES FOR LONGER, AND WITH SAFETY AND DIGNITY. HOME REPAIR PRESERVES THE CHARACTER, AFFORDABILITY, AND DIVERSITY IN OUR LOCAL NEIGHBORHOODS. IN FISCAL YEAR ENDING JUNE 30, 2025, 23 TRADITIONAL REPAIRS WERE COMPLETED, AS THE FOCUS SHIFTED AFTER HURRICANE HELENE DEVASTATED ASHEVILLE AND SURROUNDING COMMUNITIES. WITH NEARLY 100,000 HOMES DAMAGED, ASHEVILLE HABITAT IMMEDIATELY EXPANDED SERVICES TO INCLUDE A NEW DISASTER HOME REPAIR PROGRAM, IN PARTNERSHIP WITH OTHER AGENCIES THROUGH ARCHR (ASHEVILLE REGIONAL COALITION FOR HOME REPAIR). ASHEVILLE HABITAT SERVES AS THE FIDUCIARY AGENT. THE NO-COST PROGRAM HELPS LOW-INCOME HOMEOWNERS WHOSE HOUSES WERE DAMAGED BY THE STORM, PARTICULARLY THOSE UNINSURED, UNDERINSURED, AND/OR INELIGIBLE FOR FEMA ASSISTANCE. IN FY25, 72 DISASTER REPAIRS WERE COMPLETED.

Program 3

A COMPREHENSIVE HOMEBUYER EDUCATION CURRICULUM COMPRISED OF MONEY MANAGEMENT, HOME MAINTENANCE, AND MORE SETS BUYERS UP FOR SUCCESS. THROUGH THE COURSE WORK, FUTURE NEIGHBORS GET TO KNOW EACH OTHER...

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A COMPREHENSIVE HOMEBUYER EDUCATION CURRICULUM COMPRISED OF MONEY MANAGEMENT, HOME MAINTENANCE, AND MORE SETS BUYERS UP FOR SUCCESS. THROUGH THE COURSE WORK, FUTURE NEIGHBORS GET TO KNOW EACH OTHER AND BUILD COMMUNITY BEFORE THEY EVEN MOVE INTO THEIR HOMES. HABITAT HOMEBUYERS EARN 40-80% AREA MEDIAN INCOME (AMI) AND DO NOT QUALIFY FOR TRADITIONAL LENDING PROGRAMS. HABITAT EXTENDS AFFORDABLE MORTGAGES TO QUALIFIED BUYERS, WITH PAYMENTS NOT TO EXCEED 30% OF MONTHLY INCOME. IN FY ENDING JUNE 30, 2025, 19 FAMILIES PURCHASED NEW OR REVITALIZED HOMES FROM ASHEVILLE HABITAT. 6 ARE SINGLE-PARENT HOUSEHOLDS, 12 ARE FEMALE HEAD OF HOUSEHOLDS, 2 ARE AGING IN PLACE (55+) BUYERS, AND 1 IS A VETERAN. 30 CHILDREN WERE SERVED. RESEARCH SHOWS THAT DECENT AND STABLE HOUSING IS LINKED TO IMPROVED EDUCATIONAL OUTCOMES, BETTER HEALTH, GREATER FINANCIAL STABILITY, AND STRONGER COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,928,113
Program Service Revenue $4,719,496
Investment Income $-118,047
Other Revenue $-223,083
TOTAL REVENUE $16,306,479

Expense Breakdown

Grants Paid $136,857
Salaries & Benefits $2,465,778
Fundraising Expenses $743,542
Program Expenses $10,773,146
Other Expenses $9,275,076
TOTAL EXPENSES $11,877,711

Year-over-Year Comparison

2024 2023 Change
Revenue $16,306,479 $9,266,494 +0.8%
Expenses $11,877,711 $9,470,125 +0.3%
Net Income $4,428,768 $-203,631 -22.7%
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
15
Independent Members
15
Employees
89
Volunteers
141

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
$228,428
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYCHAL BACOATE PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL DEMPSEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOE WARD TREASURER 1.00
Officer Director
$0 $0 $0
MELISSA BANKS SECRETARY 1.00
Officer Director
$0 $0 $0
BRAD OLSON IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
JESSICA EADS DIRECTOR 1.00
Director
$0 $0 $0
SPENCER HARDAWAY DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN MADISON DIRECTOR 1.00
Director
$0 $0 $0
SIDNEY MASHBURN DIRECTOR 1.00
Director
$0 $0 $0
STEVE MILLER DIRECTOR 1.00
Director
$0 $0 $0
STACEY MILLETT DIRECTOR 1.00
Director
$0 $0 $0
KARL PAYTON DIRECTOR 1.00
Director
$0 $0 $0
LARRY PEEK DIRECTOR 1.00
Director
$0 $0 $0
BRAD RICE DIRECTOR 1.00
Director
$0 $0 $0
WES WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
TERRIE WILLIAMS PAST DIRECTOR 1.00
Director
$0 $0 $0
L ANDREW BARNETT EXECUTIVE DIRECTOR 40.00
Officer
$109,521 $9,054 $118,575
ROBERT DALMAN FINANCE DIRECTOR 40.00
Officer
$101,161 $8,692 $109,853
CATHERINE RAINS CHIEF RELATIONSHIPS OFFICER 40.00
Highest
$105,671 $6,566 $112,237
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 $16,306,479 $11,877,711 $41,610,024 $4,428,768
2024 $9,266,494 $9,470,125 $37,081,234 $-203,631
2023 $11,274,861 $8,991,463 $35,437,253 $2,283,398
2022 $14,468,662 $6,860,615 $33,681,181 $7,608,047
2021 $7,127,520 $5,882,093 $26,384,474 $1,245,427
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