2023-12-19T15:22:54-06:00 2023-06-30 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2022-07-01 592509116 HABITAT FOR HUMANITY OF PINELLAS COUNTY INC DBA HABITAT FOR HUMANITY HABI 7275364755 13355 49TH STREET NORTH CLEARWATER FL 33762 MICHAEL SUTTON CEO 7275364755 2023-12-19 1 MICHAEL SUTTON 999009999 1 KRISTEN BARNETT P01234578 8133162300 2023-12-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z OF PINELLAS & WEST PASCO COUNTIES MICHAEL SUTTON 13355 49TH STREET NORTH CLEARWATER FL 33762 32929315 0 X WWW.HABITATPWP.ORG X 1985 FL SEEKING TO PUT GOD'S LOVE INTO ACTION WE BRING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES & HOPE. 23 23 100 2786 0 0 16572161 8039775 19014377 24182293 91781 416217 31656 -126186 35709975 32512099 0 0 0 0 4439366 5706561 0 0 550585 20432601 22978439 24871967 28685000 10838008 3827099 38621304 43254367 11732620 12307969 26888684 30946398 PROVIDE HOME OWNERSHIP TO THE WORKING POOR TO BREAK THE CYCLE OF POVERTY AND CREATE INTER-GENERATIONAL WEALTH AS MEASURED BY THE NUMBER OF FAMILIES SERVED, DELINQUENCY RATE ON MORTGAGES, AND FORECLOSURE RATE ON MORTGAGES. 0 0 24129543 22529617 HOMES TRANSFERRED TO ELIGIBLE FAMILIES FORMERLY LIVING IN SUBSTANDARD HOUSING. VOLUNTEERS AND FUTURE HOMEOWNERS CONSTRUCT THE HOMES, WHICH ARE SOLD AT NO PROFIT AND FINANCED WITH A ZERO-INTEREST LOAN. HABITAT HOMEOWNER CANDIDATES EARN 30 TO 80 PERCENT OF AREA MEDIAN INCOME. CANDIDATES MUST DEMONSTRATE NEED FOR ADEQUATE SHELTER; ABILITY TO PAY BACK A ZERO-INTEREST LOAN AND WILLINGNESS TO PARTNER WITH HABITAT TO INVEST 350 TO 450 SWEAT EQUITY HOURS. MORTGAGE MONIES ARE THEN USED TO BUILD MORE HOMES, MAKING EACH DONATION TO HABITAT A PERPETUAL LEGACY TO THE COMMUNITY. HABITAT TRANSFERRED 60 HOMES TO HOMEOWNERS DURING THE FISCAL YEAR. 3056430 1652676 SELL DONATED FURNITURE AND CONSTRUCTION SUPPLIES TO GENERAL PUBLIC. PROCEEDS ARE USED TO FUND HOME OWNERSHIP PROGRAM. HABITAT RESTORES ARE HOME IMPROVEMENT OUTLETS WHERE NEW AND GENTLY USED BUILDING MATERIALS AND HOME FURNISHINGS ARE SOLD AT DISCOUNTED PRICES. THE RESTORES ARE A SOLUTION FOR TURNING THESE DONATIONS, FROM GENEROUS AND ENVIRONMENTALLY CONCERNED INDIVIDUALS AND BUSINESSES, INTO MONEY TO BUILD HOMES FOR DESERVING FAMILIES. 27185973 1 1 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 26 0 1 100 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 FL X X NANCY RIDENOUR 7275364755 13355 49TH STREET NORTH CLEARWATER FL 33762 BRANDON BRAYBOY BOARD CHAIR 2.00 X X 0 0 0 FRANK STARKEY BOARD VICE CHAIR 2.00 X X 0 0 0 HEATHER FORD BOARD TREASURER/CHAIR ELECT 2.00 X X 0 0 0 KEN GINEL BOARD SECRETARY 2.00 X X 0 0 0 ALFREDO ANTHONY IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 BRUCE TERWILLIGER BOARD MEMBER 1.00 X 0 0 0 ANDREW FINK BOARD MEMBER 1.00 X 0 0 0 CAPRICE EDMOND BOARD MEMBER 1.00 X 0 0 0 CHARLIE ROGERS BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER HACKNEY BOARD MEMBER 1.00 X 0 0 0 CHRIS MAJESKI BOARD MEMBER 1.00 X 0 0 0 DANA MAYO BOARD MEMBER 1.00 X 0 0 0 DAVID LONGSPAUGH BOARD MEMBER 1.00 X 0 0 0 DAVISHA EARLEY BOARD MEMBER 1.00 X 0 0 0 GEORGE SPOWART BOARD MEMBER 1.00 X 0 0 0 IAN PETERSON BOARD MEMBER 1.00 X 0 0 0 JARRETT DIXON BOARD MEMBER 1.00 X 0 0 0 KARL NURSE BOARD MEMBER 1.00 X 0 0 0 LYNN SKELTON BOARD MEMBER 1.00 X 0 0 0 MARILYN TURMAN BOARD MEMBER 1.00 X 0 0 0 MATT GODRI BOARD MEMBER 1.00 X 0 0 0 MAX BOSSO BOARD MEMBER 1.00 X 0 0 0 PATTI TEMPLETON BOARD MEMBER 1.00 X 0 0 0 REBECCA WATSON BOARD MEMBER 1.00 X 0 0 0 TAMARA DEBOSE BOARD MEMBER 1.00 X 0 0 0 MICHAEL SUTTON CEO 40.00 X 320041 0 18753 PAMELA LEE CFO 40.00 X 151722 0 18188 MARIA CAMACHO CHIEF CONSTRUCTION OFFICER 40.00 X 137790 0 16794 JAMES R VAIL VP OF CONSTRUCTION 40.00 X 111016 0 15353 KENNETH E RUSH CHIEF OPERATIONS OFFICER 40.00 X 120619 0 15061 841188 0 84149 5 0 1 0 DAVE'S HOMEWORK OF PINELLAS 1801 63RD TERRACE SOUTH ST PETERSBURG FL 33711 SITE DEVELOPMENT 2189658 TIBBETT'S LUMBER CO 3300 FAIRFIELD AVENUE SOUTH ST PETERSBURG FL 33712 BUILDING MATERIALS 672323 BANNING LUMBER & MILLWORK 12595 BELCHER ROAD SOUTH LARGO FL 33773 BUILDING MATERIALS 647516 AAA ELECTRICAL CONTRACTORS INC 6636 INDUSTRIAL AVENUE PORT RICHEY FL 34668 ELECTRICAL 587320 JOHN M WILLIAMS MASONRY LLC 685 OLD EAST LAKE ROAD TARPON SPRINGS FL 34688 CONCRETE MASONRY 570085 32 891554 1458765 5689456 1922555 8039775 TRANSFERS OF HOMES 624200 22529617 22529617 RESTORE REVENUE 624200 1652676 1652676 24182293 301086 301086 11000 0 11000 11000 11000 165535 50404 115131 115131 115131 124250 891554 366812 -242562 -242562 OTHER INCOME 900099 63939 63939 CCML LEVERAGE II LLC 900099 41437 41437 105376 32512099 24246232 0 226092 804674 613934 91064 99676 3748242 3217645 314369 216228 112285 96843 9245 6197 711028 648895 33388 28745 330332 278616 28473 23243 42829 42829 73291 73291 409005 276984 80090 51931 291348 211005 12800 67543 559739 488018 68787 2934 378328 291239 53724 33365 627318 586306 20506 20506 158426 140164 18045 217 55714 55714 51679 51679 207191 157039 50152 195462 195462 BUILDING MATERIALS 17942743 17942743 DONATED MERCH. SOLD 1299579 1299579 PURCHASED MERCH. SOLD 357287 357287 REPAIRS & MAINTENANCE 328500 328500 28685000 27185973 948442 550585 18073274 12413116 1030979 8916642 448120 325578 125019 368871 1564413 1416319 200965 163081 496515 612902 1717375 852061 892897 865314 7619 8728 1374226 1507542 4012497 4032750 76881 58050 10317899 12565474 38621304 43254367 621167 1193927 200000 139686 1062907 1276372 9732389 7421219 116157 2276765 11732620 12307969 X 26233053 30456920 655631 489478 26888684 30946398 38621304 43254367 X 3827099 62263 168352 X X 0 1 X 1 1 1 X 5884919 5875993 9699457 16572161 8039775 46072305 5884919 5875993 9699457 16572161 8039775 46072305 46072305 72028 137551 26235 13236 312086 561136 5148 6126 11274 91840 66759 147065 230624 271063 807351 47452066 106077314 0.97090 0.96390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT INCOME - 2021 AMOUNT: $ 98,950. 2022 AMOUNT: $ 124,250. OTHER INCOME - 2018 AMOUNT: $ 52,726. 2019 AMOUNT: $ 64,648. 2020 AMOUNT: $ 112,558. 2021 AMOUNT: $ 94,528. 2022 AMOUNT: $ 105,376. JV INCOME - 2018 AMOUNT: $ 39,114. 2019 AMOUNT: $ 2,111. 2020 AMOUNT: $ 34,507. 2021 AMOUNT: $ 37,146. 2022 AMOUNT: $ 41,437. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1030979 2759414 2248663 1541730 1 X 1374226 17698 116117 499 1507542 1561014 27176 -213964 1374226 22135 1500000 38879 1561014 20000 2135 22135 20000 20000 0.00000 1.00000 0.00000 1 0 192267 95392 96875 772975 383505 389470 322225 159869 162356 429908 213295 216613 865314 PROGRAM RELATED INVESTMENTS 4032750 F 4032750 REFUNDABLE DEPOSITS 2313695 LAND HELD FOR DEVELOPMENT 7505895 HOMES UNDER CONSTRUCTION 2745884 12565474 CAPITAL LEASE PAYABLE 17070 DOWN PAYMENTS & ADVANCE PAYMENTS 117280 LEASE LIABILITY 2142415 2276765 X 33423416 62263 680702 168352 911317 32512099 0 32512099 29365702 680702 680702 28685000 0 28685000 PART IV, LINE 1B: HABITAT SERVICES THE MORTGAGES ON THE HOMES IT SELLS. HOMEOWNER ESCROW FUNDS INCLUDE CASH COLLECTED FROM THE HOMEOWNERS AND HELD IN ESCROW FOR INSURANCE AND PROPERTY TAXES ON THE HOMES. THESE CASH AMOUNTS ARE RECORDED AS AN ASSET AND OFFSET BY ESCROW DEPOSITS, A RELATED LIABILITY. PART IV, LINE 2B: HABITAT SERVICES THE MORTGAGES ON THE HOMES IT SELLS. HOMEOWNER ESCROW FUNDS INCLUDE CASH COLLECTED FROM THE HOMEOWNERS AND HELD IN ESCROW FOR INSURANCE AND PROPERTY TAXES ON THE HOMES. THESE CASH AMOUNTS ARE RECORDED AS AN ASSET AND OFFSET BY ESCROW DEPOSITS, A RELATED LIABILITY. PART V, LINE 4: EARNINGS ON THE FUNDS, NET OF ANY SERVICE FEES, WILL BE PERIODICALLY DISTRIBUTED TO THE ORGANIZATION IN ACCORDANCE WITH THE AGREEMENT. PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS ADOPTED THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAIN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS POLICY, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITION AND HAS CONCLUDED THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE. THE ORGANIZATION WOULD BE LIABLE FOR INCOME TAXES IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: MORTGAGE INTEREST DISCOUNT 168,352. GALA 829551 740551 89000 27812 146110 123344 15015 GOLF 120776 85526 35250 15425 2723 23299 8050 2 65477 65477 3954 1080 1015804 891554 124250 47191 148833 146643 24145 366812 -242562 X X X X 0 0 0 0 0 0 0 1 0 MICHAEL SUTTON CEO 320041 0 0 0 0 0 8700 0 10053 0 338794 0 0 0 PAMELA LEE CFO 137054 0 14668 0 0 0 7158 0 11030 0 169910 0 0 0 MARIA CAMACHO CHIEF CONSTRUCTION OFFICER 137790 0 0 0 0 0 7045 0 9749 0 154584 0 0 0 PART I, LINE 7 THE ORGANIZATION PAYS BONUSES BASED ON PERFORMANCE AND LENGTH OF SERVICE. X 1295435 FAIR MARKET VALUE X 6 467317 FAIR MARKET VALUE X 3 160949 FAIR MARKET VALUE X APPLIANCES 75 81250 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART I, LINE 6: VOLUNTEER SERVICES TRACKS ALL VOLUNTEERS - THE DETAILS ARE INPUT INTO OUR DATA BASE, NEW ORG, ON A WEEKLY BASIS. INFORMATION IS DETAILED BY NAME OF THE VOLUNTEER, DATE WORKED, TIME SPENT AND DESCRIPTION OF THE WORK PERFORMED. FORM 990, PART VI, SECTION A, LINE 1A MATERIAL DIFFERENCES IN VOTING RIGHTS EXPLANATION ACCORDING TO OUR BY-LAWS, SECTION 3.10 HABITAT HOMEOWNER ON BOARD: "IN ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA, MEMBERS OF A HABITAT FOR HUMANITY OF PINELLAS COUNTY HOUSEHOLD WITH AN ACTIVE MORTGAGE MAY SERVE ON THE BOARD OF DIRECTORS IN A NON-VOTING CAPACITY. HABITAT HOMEOWNERS WITHOUT AN ACTIVE MORTGAGE MAY SERVE ON THE BOARD WITH FULL RIGHTS OF A DIRECTOR." OUR ONE-HOMEOWNER ON THE BOARD HAS AN ACTIVE MORTGAGE SO SHE IS NON-VOTING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO/PRESIDENT, CFO, AND THE FINANCE COMMITTEE. IF ANY CORRECTIONS ARE NECESSARY, THE PREPARER MAKES THE CORRECTIONS AND THE REVISED 990 IS SENT FOR REVIEW AND APPROVAL BY THE FINANCE COMMITTEE BEFORE THE FINAL FORM 990 IS FILED. THE FULL BOARD RECEIVES A COPY OF THE 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO ANNUALLY SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL PROFESSIONAL SALARY SURVEY IS CONDUCTED ANNUALLY BY HABITAT FOR HUMANITY INTERNATIONAL. SOME INDEPENDENT CONSULTING OF SIMILAR ORGANIZATIONS WITH SIMILAR POSITIONS ARE ALSO POLLED ON OCCASION, ESPECIALLY DURING TIMES OF HIRING OR PROVIDING SALARY INCREASES/BENEFITS. LINE 15B - COMPENSATION PROCESS FOR OFFICERS PROFESSIONAL SALARY SURVEY IS CONDUCTED ANNUALLY BY HABITAT FOR HUMANITY INTERNATIONAL. SOME INDEPENDENT CONSULTING OF SIMILAR ORGANIZATIONS WITH SIMILAR POSITIONS ARE ALSO POLLED ON OCCASION, ESPECIALLY DURING TIMES OF HIRING OR PROVIDING SALARY INCREASES/BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH UNDER IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: MORTGAGE INTEREST DISCOUNT 168,352. FORM 990, PART XII, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF AUDIT EVALUATION HAS NOT CHANGED FROM THE PRIOR YEAR. PINELLAS FUNDING COMPANY I LLC 13355 49TH STREET N CLEARWATER FL 33762 474185309 MORTGAGES FL 0 476000 N/A PINELLAS COUNTY HABITAT FOR HUMANITY COMMUNITY DEVELOPMENT ORGANIZATION 13355 49TH STREET NORTH CLEARWATER FL 33762 611620810 CHDO FL 501(C)(3) LINE 7 HABITAT FOR HUMANITY OF PINELLAS COUNTY 1 HABITAT PINELLAS LEVERAGE III LLC 201 ST CHARLES AVENUE SUITE 4400 NEW ORLEANS LA 70170 843867676 INVESTMENT LA N/A RELATED 40328 4032750 0 0 0.95000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R PT. III: THE FILING ORGANIZATION HAS A 95% PROFITS AND CAPITAL INTEREST IN HABITAT PINELLAS LEVERAGE III LLC AS REPORTED IN SCHEDULE R PT. III. WHILE THIS MEETS THE IRS DEFINITION OF CONTROL OF A PARTNERSHIP FOR TAX PURPOSES, UPON REVIEW OF THE OPERATING AGREEMENT, THE FILING ORGANIZATION DOES NOT HAVE SUBSTANTIAL PARTICIPATING RIGHTS. THE MAJOR DECISIONS OF THE PARTNERSHIP REQUIRE UNANIMOUS CONSENT AND THEREFORE LIMITS THE FILING ORGANIZATION'S VOTING RIGHT TO 50% ON THOSE MATTERS. AS SUCH, FOR GAAP PURPOSES, IT IS DETERMINED THAT THE FILING ORGANIZATION DOES NOT CONTROL THE PARTNERSHIP.