2024-08-02T12:56:48-05:00 2023-12-31 562353893 AGRESTA STORMS & O'LEARY PC 5140 COMMERCE CIRCLE INDIANAPOLIS IN 46237 990 2023-01-01 351620989 HABITAT FOR HUMANITY OF BOONE COUNTY INC HABI 7654835134 PO BOX 5015 ZIONSVILLE IN 46077 KATHRYN MCGORMLEY PRESIDENT 7654835134 2024-08-01 1 0 ROBERT E JESSIE P01467740 3177809850 2024-07-31 2023 2024-08-08 14:25:15Z KATHRYN MCGORMLEY PO BOX 5015 ZIONSVILLE IN 46077 2527576 0 X WWW.BOONEHABITAT.ORG X 1984 IN SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY OF BOONE COUNTY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. WE ARE DEDICATED TO PROVIDING FAIR AND EQUAL HOUSING TO OUR BOONE COUNTY COMMUNITY. WE ARE PROUD TO BE A LEADER IN BRINGING RACIAL EQUALITY THROUGH AFFORDABLE HOUSING TO OUR COUNTY. 10 10 7 1006 0 0 703862 1304183 951174 1077991 166 21163 -20848 95223 1634354 2498560 0 0 0 0 234256 269806 0 0 48658 964021 1230735 1198277 1500541 436077 998019 3136243 3528742 15491 807814 3120752 2720928 X SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY OF BOONE COUNTY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. WE ARE DEDICATED TO PROVIDING FAIR AND EQUAL HOUSING TO OUR BOONE COUNTY COMMUNITY. WE ARE PROUD TO BE A LEADER IN BRINGING RACIAL EQUALITY THROUGH AFFORDABLE HOUSING TO OUR COMMUNITY. 0 0 1038797 636115 HOMEOWNERSHIP PROGRAM: FAMILIES IN NEED OF A DECENT, DURABLE PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT FOR HUMANITY OF BOONE COUNTY HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE FAMILY NEEDS OF THE HOMEOWNER, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFECIENT BUILDING METHODS, KEEPING THE 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 AND ALLOWS FAMILIES TO IMPROVE THEIR LIVING CONDITIONS, INVEST IN THE COMMUNITY, AND PROVIDE FOR FUTURE GROWTH. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITIONS THAT ALLEVIATE FAMILIES FROM INSTABILITY STRESS AND FEAR AND ENCOURAGE SELF -RELIANCE AND CONFIDENCE. MORTGAGES ARE STRUCTURED SO THAT FAMILIES PAY LESS THAN 28% OF THEIR MONTHLY INCOME TOWARD HOUSING COSTS. 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 2023, HABITAT FOR HUMANITY OF BOONE COUNTY SERVED 3 ADULTS AND 7 CHILDREN THROUGH ITS LONG TERM HOMEOWNERSHIP PROGRAM. 250872 445481 BOONE COUNTY RESTORE: THE BOONE COUNTY RESTORE IS A HOME GOODS STORE SUPPORTED BY LOCAL DONATIONS THAT ARE SOLD TO THE GENERAL PUBLIC AT REDUCED PRICES. THE RESTORE HAS BEEN IN OPERATION SINCE 2018. BY SELLING GENTLY USED ITEMS, THE BOONE COUNTY RESTORE REDUCES LANDFILL BURDEN, PROVIDES EMPLOYMENT OPPORTUNITIES, AND ENCOURAGES VOLUNTEERISM THROUGH ITS STOREFRONT OPERATION. DURING THE 2023 CALENDER YEAR, THE BOONE COUNTY RESTORE KEPT APPROXIMATELY 400 TONS OF WASTE OUT OF THE LANDFILL, EMPLOYED THREE INDIVIDUALS, HOSTED OVER 48 VOLUNTEERS WORKING MORE THAN 6,586 HOURS, AND PROVIDED AFFORDABLE HOME GOODS TO OVER 9,700 SHOPPERS. FUNDS GENERATED THROUGH THE SALE OF DONATED ITEMS WORK IN TANDEM WITH OTHER REVENUE GENERATING PROGRAMS TO SUPPORT THE HABITAT FOR HUMANITY OF BOONE COUNTY'S AFFORDABLE HOUSING MISSION WORK. FINANCIAL AND HOMEBUYER EDUCATION PROGRAMS: AS PART OF THE HOMEOWNERSHIP PROCESS, HABITAT FOR HUMANITY OF BOONE COUNTY BELIEVES FINANCIAL EDUCATION BUILDS A MORE SOLID FOUNDATION FOR LONG-TERM PERSONAL SUCCESS AND HELPS ALLEVIATE ANY CONCERNS OR BARRIERS ON THE PATH TO HOMEOWNERSHIP. DURING THESE FINANCIAL EDUCATION CLASSES, WE COVER TOPICS SUCH AS BUDGETING; CREDIT CARDS AND CREDIT REPORTS; DEBT AND LOANS; SAVING, INVESTING AND PLANNING FOR THE FUTURE; EMERGENCY SITUATIONS AND HABITAT HOMEOWNER MORTGAGES. A MORE IN-DEPTH UNDERSTANDING OF THESE IMPORTANT CONCEPTS IS A TOOL THAT CAN BE USED TO BUILD A BETTER FUTURE. COMMUNITY ENGAGEMENT PROGRAM: HABITAT FOR HUMANITY OF BOONE COUNTY WORKS WITH A WIDE RANGE OF COMMUNITY PARTNERS TO CREATE, PRESERVE, AND PROMOTE AFFORDABLE HOUSING. NUMEROUS VOLUNTEERS, INDIVIDUALS, CORPORATIONS, CHURCHES, TEAMS, NEIGHBORS, AND SMALL GROUPS CONTRIBUTE IN ALL PHASES OF OUR MISSION WORK ON-SITE HOME BUILDING AND REPAIR, THE RESTORE, EVENTS, AND COMMITTEES. MORE THAN 1,006 VOLUNTEERS CONTRIBUTED OVER 13,718 HOURS TO OUR PROGRAM THIS PAST YEAR.HOME REPAIR PROGRAM: OUR HOME REPAIR PROGRAM IS AN OUTREACH INITIATIVE THAT SEEKS TO PROVIDE A WIDE RANGE OF OPPORTUNITIES FOR LOW- TO MODERATE -INCOME HOMEOWNERS, INCLUDING VETERANS AND SENIORS, WHO ARE STRUGGLING TO MAINTAIN THEIR HOMES BECAUSE OF AGE, DISABILITY, OR FAMILY CIRCUMSTANCES, AND DO NOT HAVE THE RESOURCES TO MAKE REPAIRS THEMSELVES. WE PARTNER WITH FAMILIES TO HELP THEM RECLAIM THEIR HOMES WITH PRIDE AND DIGNITY. THE PROGRAM ALLOWS FAMILIES TO STAY IN THEIR HOME AND AVOID THE UNCERTAINTY, TRAUMA, AND EXPENSE OF MOVING. PROJECTS CONSIST OF EXTERIOR REPAIRS INTENDED TO ALLEVIATE CRITICAL HEALTH LIFE AND SAFETY ISSUES OR CODE VIOLATIONS. VOLUNTEER TEAMS WORK ALONG WITH SUBCONTRACTORS UNDER THE DIRECTION OF HABITAT FOR HUMANITY OF BOONE COUNTY STAFF MEMBERS TO COMPLETE THE REPAIRS. SINCE THE INCEPTION OF THE HOME REPAIR PROGRAM IN 2018, HABITAT FOR HUMANITY OF BOONE COUNTY HAS PARTNERED WITH 21 LOCAL HOMEOWNERS, WITH FIVE HOMEOWNERS SERVED DURING CALENDER YEAR 2023.HABITAT FOR HUMANITY OF BOONE COUNTY IS COMMITTED TO EFFICIENCY AND TRANSPARENCY. WE COMMUNICATE WITH OUR SUPPORTERS, DONORS AND PROSPECTIVE DONORS BY EMAIL, POSTAL MAIL, PHONE AND OTHER MEANS, BOTH TO REQUEST CONTRIBUTIONS TO OUR CAUSE AND TO EDUCATE THE PUBLIC ABOUT HABITAT FOR HUMANITY OF BOONE COUNTY'S YEAR-ROUND PROGRAMS, VOLUNTEER OPPORTUNITIES AND OTHER EVENTS IN LOCAL COMMUNITIES AND AROUND THE WORLD. THESE EFFORTS HELP ADVANCE OUR MISSION TO PUT GOD'S LOVE INTO ACTION BY BRINGING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE. AS A RESULT, IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD GUIDELINES AND INTERNAL REVENUE SERVICE GUIDANCE, HABITAT FOR HUMANITY OF BOONE COUNTY ALLOCATES A PORTION OF OUR FUNDRAISING COSTS TO PROGRAM SERVICES. AS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL TAXATION, WE ENSURE OUR DONORS' MONEY IS SPENT AS EFFICIENTLY AND EFFECTIVELY AS POSSIBLE. ADDITIONALLY, WE HAVE CERTIAN EXPENSES THAT CANNOT BE BILLED SEPARATELY. 1289669 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X PHILANA CUNNINGHAM 7654835134 PO BOX 5015 ZIONSVILLE IN 46077 KATHRYN MCGORMLEY PRESIDENT 5.00 X X 0 0 0 JIM LAFAYETTE VICE PRESIDENT 5.00 X X 0 0 0 DAN PUCK TREASURER 5.00 X X 0 0 0 SCOTT ROZZI SECRETARY 5.00 X X 0 0 0 JOHN BURKHARDT FAMILY SERVIC. CHAIR 5.00 X X 0 0 0 BOB CLARK BOARD MEMBER 1.00 X 0 0 0 BRIAN DOUGLAS BOARD MEMBER 1.00 X 0 0 0 GLEN JOURDAN BOARD MEMBER 1.00 X 0 0 0 STEVE NOBIS BOARD MEMBER 1.00 X 0 0 0 JAMISON ROZZI BOARD MEMBER 1.00 X 0 0 0 ELIZABETH QUA EXECUTIVE DIRECTOR 40.00 X 64289 0 0 64289 0 0 0 0 0 0 0 1304183 163286 1304183 HOMEOWNERSHIP PROGRAM 531390 632510 632510 BOONE COUNTY RESTORE 459510 445481 445481 1077991 17663 17663 3500 0 3500 3500 3500 124134 29016 95118 95118 OTHER INCOME 900099 105 105 105 2498560 1081596 0 112781 64289 40502 19287 4500 186145 117272 55843 13030 19372 12204 5812 1356 8355 8355 3931 3931 3278 3278 10553 10553 18349 9542 2752 6055 185559 158968 26591 15000 15000 4713 4575 138 15364 15364 COST OF HOUSE CONSTRUCT 561109 561109 MORTGAGE DISCOUNTS 322080 322080 MISCELLANEOUS FUNDRAISI 23717 23717 VOLUNTEER EXPENSES 20700 20700 38027 24439 13588 1500541 1289669 162214 48658 203072 241929 45288 641340 0 268005 0 11680 2527041 1195782 14430 15030 308289 45094 299842 263195 46570 891781 3136243 3528742 12991 11085 2500 0 0 796729 15491 807814 X 3120752 2065070 655858 3120752 2720928 3136243 3528742 X 998019 -1397843 X 0 1 X 0 0 X 391442 332855 495682 703862 1304183 3228024 391442 332855 495682 703862 1304183 3228024 3228024 28 100 166 17663 17957 57 575 105 737 3246718 0.99420 0.96440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 259992 259992 4940 4777 163 43357 40317 3040 263195 CONSTRUCTION IN PROCESS 90621 OPERATING LEASE ROU ASSET 794444 HOMEOWNERS ESCROW DEPOSITS 6716 891781 OPERATING LEASE LIABILITY 796729 796729 X 2528326 750 29016 29766 2498560 0 2498560 1530307 750 29016 29766 1500541 0 1500541 PART X, LINE 2: MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. IF THE ORGANIZATION WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE, AND PENALTIES ON ANY INCOME TAX WOULD BE REPORTED AS PENALTIES. MANAGEMENT'S CONCLUSIONS REGARDING UNCERTAIN TAX POSITIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF, AS WELL AS OTHER FACTORS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE YEAR ENDED DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST REVENUE 29,016. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST REVENUE 29,016. X X X X X 1 LORING STERNBERG & ASSOCIATES 7557 HOOVER RD INDIANAPOLIS IN 46260 CONSULTING FOR CAPITAL CAMPAIGN 0 918575 18000 900575 918575 18000 900575 IN 2023 SPRING FUNDRAISER 124134 124134 4489 11415 400 12712 124134 124134 4489 11415 400 12712 29016 95118 X 2 81395 FAIR MARKET VALUE X FURNISHINGS ETC 14 81891 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND COMMENT BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS IN PLACE. FORM 990, PART VI, SECTION B, LINE 15A BOARD MEETINGS ARE HELD ANNUALLY TO DISCUSS COMPENSATION ADJUSTMENTS, BASED ON ANNUAL BUDGETING AND CONDUCTED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION COPIES ARE AVAILABLE IN THE OFFICE OF THE ENTITY PER REQUEST. THE ORGANIZATION IS OPEN FOR REVIEW AND COMMENT. THE 990 ALSO ACCOMPANIES ALL GRANT REQUESTS AS IS THE POLICY. FORM 990, PART XI, LINE 9: DISCOUNTS ON MORTGAGE RECEIVABLES NOT PREVIOUSLY RECOGNIZED -1,420,399. IN-KIND DONATION ADJUSTMENTS FOR PREVIOUS PERIOD 11,846. ACCUMULATED DEPRECIATION ADJUSTMENT FOR PREVIOUS PERIOD 10,710.