HABITAT FOR HUMANITY OF GREATER MEMPHIS

EIN: 621157233 501(c)(3) Housing & Shelter

MEMPHIS, TN

Total Revenue
$18,202,827
Total Expenses
$19,594,667
Total Assets
$20,420,551
Net Assets
$6,183,035
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TN
Principal Officer
DWAYNE SPENCER
Phone
9017614771
Tax Period
2024-07-01 to 2025-06-30

HABITAT FOR HUMANITY OF GREATER MEMPHIS, founded in 1983, is a mid-sized nonprofit in the Housing & Shelter sector that reported $18.2M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

HABITAT FOR HUMANITY IS AN INTERNATIONAL ECUMENICAL CHRISTIAN HOUSING MINISTRY THAT AIMS TO ELIMINATE SUBSTANDARD HOUSING AND MAKE SAFE, HEALTHY AND AFFORDABLE SHELTER FOR ALL PEOPLE A MATTER OF CONSCIENCE AND ACTION. HFH MAKES HOME OWNERSHIP (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $15,296,798 Revenue: $8,714,660

CONSTRUCTION OF HOMES FOR LOW INCOME FAMILIES. THESE HOMES WERE BUILT ON HOUSE SPONSORSHIPS FROM LOCAL, CIVIC, AND COMMUNITY DONATIONS. ADDITIONAL HUD FUNDING, SPECIFICALLY DESIGNATED FOR THE...

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CONSTRUCTION OF HOMES FOR LOW INCOME FAMILIES. THESE HOMES WERE BUILT ON HOUSE SPONSORSHIPS FROM LOCAL, CIVIC, AND COMMUNITY DONATIONS. ADDITIONAL HUD FUNDING, SPECIFICALLY DESIGNATED FOR THE CONSTRUCTION OF HOMES FOR LOW-INCOME FAMILIES, WAS ALSO AWARDED TO THE ORGANIZATION AND USED IN THE ADDITIONAL CONSTRUCTION OF HOMES MADE AVAILABLE TO LOW-INCOME FAMILIES. ALL HOMES CONSTRUCTED WERE BUILT IN EXISTING OR NEW COMMUNITY DEVELOPMENTS TO HELP FAMILIES BUILD A COMMUNITY ATMOSPHERE AND PROVIDE A FOUNDATION FOR THEIR SUCCESS.(CONTINUED ON SCHEDULE O)

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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 $9,170,947
Program Service Revenue $2,293,430
Investment Income $3,589,012
Other Revenue $3,149,438
TOTAL REVENUE $18,202,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,126,052
Fundraising Expenses $1,337,235
Program Expenses $15,296,798
Other Expenses $13,468,615
TOTAL EXPENSES $19,594,667

Year-over-Year Comparison

2024 2023 Change
Revenue $18,202,827 $13,332,631 +0.4%
Expenses $19,594,667 $17,231,904 +0.1%
Net Income $-1,391,840 $-3,899,273 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
112
Volunteers
1238

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
7
$452,120
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERRE CURRIE CHAIR 1.00
Officer Director
$0 $0 $0
JEROME FRANKLIN VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATHY FELLENSTEIN MEMBER-AT-LARGE 1.00
Officer Director
$0 $0 $0
DAVID BRADFORD SECRETARY 1.00
Officer Director
$0 $0 $0
AUSTIN BURRESS TREASURER 1.00
Officer Director
$0 $0 $0
LOUIS BROWNLEE BOARD MEMBER 1.00
Director
$0 $0 $0
MAURICE BUTLER BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH FORD CANALE BOARD MEMBER 1.00
Director
$0 $0 $0
BRIE CARERE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL FULTON BOARD MEMBER 1.00
Director
$0 $0 $0
DERNA GREENBERG BOARD MEMBER 1.00
Director
$0 $0 $0
PAT LICHTERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER MASON BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE MCCULLOUGH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID MIDDLETON BOARD MEMBER 1.00
Director
$0 $0 $0
AARTHI RODRIGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
RON SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
BILL STEMMLER BOARD MEMBER 1.00
Director
$0 $0 $0
MAKITA SURGEON BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX TURLEY BOARD MEMBER 1.00
Director
$0 $0 $0
LUCINDA WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
DWAYNE SPENCER PRESIDENT & CEO 40.00
Officer
$298,402 $9,468 $307,870
STACY DAVIS CHIEF FINANCIAL OFFICER 40.00
Officer
$126,924 $17,326 $144,250
LORI HUMBER CHIEF OPERATING OFFICER 40.00
Highest
$138,803 $28,738 $167,541
JESSICA HORD VP OF BRAND STRATEGY 40.00
Highest
$110,982 $17,326 $128,308
CAITLIN MASSING VP OF RETAIL OPERATIONS 40.00
Highest
$103,779 $9,468 $113,247
JULIA ROMINE SENIOR VP OF PROGRAMS 40.00
Highest
$135,608 $9,468 $145,076
LATORIA TAYLOR VP OF DEVELOPMENT 40.00
Highest
$101,035 $28,738 $129,773
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 $18,202,827 $19,594,667 $20,420,551 $-1,391,840
2024 $13,332,631 $17,231,904 $25,256,044 $-3,899,273
2023 $14,394,522 $16,472,959 $23,867,621 $-2,078,437
2022 $20,354,401 $10,788,903 $26,549,667 $9,565,498
2021 $12,248,424 $10,236,053 $13,622,959 $2,012,371
2020 $8,023,297 $9,451,204 $12,503,220 $-1,427,907
2019 $9,761,593 $10,738,601 $13,354,479 $-977,008
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