HABITAT FOR HUMANITY OF METRO LOUI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

ROBERT D LOCKE

Phone

5026376265

Tax Period

2024-01-01 to 2024-12-31

HABITAT FOR HUMANITY OF METRO LOUISVILLE, founded in 1986, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $12.4M left a modest 10% surplus.

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. HABITAT FOR HUMANITY OF METRO LOUISVILLE 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: $5,918,077 Revenue: $4,590,927

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'S 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 NONPROFIT 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 2024, HABITAT OF METRO LOUISVILLE SERVED 168 FAMILIES WITH HOUSING SOLUTIONS INCLUDING 29 THROUGH ITS LONG-TERM HOMEOWNERSHIP PROGRAM AND 139 THROUGH ITS HOME PRESERVATION PROGRAM.

Program 2

Expenses: $2,624,111 Revenue: $1,767,409

MORTGAGE DISCOUNTS: MORTGAGES ARE DISCOUNTED USING AN IMPUTED INTEREST RATE THAT APPROXIMATES THE RATE THAT AN INDEPENDENT BORROWER AND LENDER WOULD HAVE NEGOTIATED IN A SIMILAR TRANSACTION. NEW...

MORTGAGE DISCOUNTS: MORTGAGES ARE DISCOUNTED USING AN IMPUTED INTEREST RATE THAT APPROXIMATES THE RATE THAT AN INDEPENDENT BORROWER AND LENDER WOULD HAVE NEGOTIATED IN A SIMILAR TRANSACTION. NEW MORTGAGES EQUALING APPROXIMATELY 4.1 MILLION WERE WRITTEN AND ENTERED INTO IN 2024 AND WERE DISCOUNTED TO REPRESENT THE PRESENT VALUE OF THESE ZERO INTEREST LOANS. IMPUTED INTEREST OF 8.02% IS USED FOR MORTGAGES IN 2024.

Program 3

Expenses: $1,415,475 Revenue: $1,659,004

RESTORE PROGRAM: THE PURPOSE IS TO GENERATE A SUSTAINABLE SOURCE OF INCOME FOR HFHML BY DIVERTING USABLE BUILDING MATERIALS, FURNITURE AND APPLIANCES FROM LANDFILLS AND SELLING THOSE DONATED ITEMS TO THE PUBLIC. IN 2024, WE ESTIMATE THAT OVER 2.1 MILLION POUNDS OF MATERIALS WERE DIVERTED FROM LANDFILLS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,777,145

Program Service Revenue $7,558,384

Investment Income $389,490

Other Revenue $107,912

TOTAL REVENUE $13,832,931

Expense Breakdown

Grants Paid $763,552

Salaries & Benefits $2,086,177

Fundraising Expenses $524,704

Program Expenses $11,187,638

Other Expenses $9,535,079

TOTAL EXPENSES $12,384,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,832,931	$11,012,266	+0.3%
Expenses	$12,384,808	$10,390,427	+0.2%
Net Income	$1,448,123	$621,839	+1.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

5768

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

$206,959

Total Directors