2024-05-10T10:47:46-05:00 2023-06-30 450250958 Eide Bailly LLP 1730 Burnt Boat Loop Ste 100 Bismarck ND 585030886 990 2022-07-01 411690131 Lake Agassiz Habitat for Humanity LAKE 2185122535 PO Box 1022 Moorhead MN 565611022 Jim Nelson Executive Director 2182845253 2024-05-10 1 Jim Nelson 999009999 1 Lisa Chaffee CPA P00193453 7012551091 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Jim Nelson PO Box 1022 Moorhead MN 565611022 2966557 0 8545 X www.lakeagassizhabitat.org X 1991 MN Putting God's love into action by bringing people together to build homes, communities and hope. 16 16 28 932 0 0 1586413 1741753 359549 565975 2420 6397 0 0 1948382 2314125 100150 0 0 0 524123 594326 0 0 88568 778379 1553218 1402652 2147544 545730 166581 4566290 4826135 632644 825840 3933646 4000295 X Seeking to put God's love into action, Habitat for Humanity brings people together to build homes, communities and hope. 0 0 1414330 565975 The purpose of Lake Agassiz Habitat For Humanity, Inc. is to provide simple, decent, affordable housing to those in need through the construction of various housing units. These units are then sold at no profit with a zero interest mortgage to individuals who meet specific criteria. The number of families served during the fiscal year ending June 30, 2023 includes 5 home closings, serving 26 individuals (6 adults and 20 children). In addition, our international tithe served 2.2 families during the year.Lake Agassiz Habitat sells houses to selected Partner Families upon completion of the construction projects. For fiscal year ended June 30, 2023, the mortgage income provided by current mortgage payments totaled $399,457 enabling Habitat to further continue to fulfill its mission. Included in this number are the proceeds from the sale of 1 house which totaled $195,616 and 3 families who satisfied (paid off) their first mortgage early which totaled $51,182. Regular mortgage payments made by current Partner Families, today, will pay for future house builds over the course of their mortgage term, in most cases for 30 years. 353250 ReStore sells new and gently used building materials below retail pricing. In addition to providing a source of income to aid in the construction of housing, ReStore helps keep usable building materials out of landfills. For fiscal year ended June 30, 2023, the ReStore program provided Lake Agassiz Habitat for Humanity with additional revenue of $652,432. We also diverted over 1,037 tons from area landfills. The additional revenue helped Lake Agassiz Habitat for Humanity build more homes for low-income families within the community. 1767580 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 28 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MN X Jim Nelson 2182845253 210 North 11th Street Moorhead MN 56560 Kaylin Frappier President 2.00 X X 0 0 0 Linda Klebe Past President 1.00 X X 0 0 0 Becki Johnson Vice President 2.00 X X 0 0 0 Kyle Daily At Large Member/Director 1.00 X X 0 0 0 Kyla DuBord Secretary/Director 1.00 X X 0 0 0 Kelly Hagel Treasurer/Director 2.00 X X 0 0 0 David Slotten Director 1.00 X 0 0 0 Dave Roeder Director 1.00 X 0 0 0 Melissa Kubasta Director 1.00 X 0 0 0 Elizabeth Hiller Director 1.00 X 0 0 0 Nick Hamilton Director 1.00 X 0 0 0 Marcus Roman Director 1.00 X 0 0 0 Peyton Mastera Director 1.00 X 0 0 0 Mary Suomala Folkerds Director 1.00 X 0 0 0 Craig Cambell Director 2.00 X 0 0 0 Dan Eggiman Director 1.00 X 0 0 0 Jim Nelson Executive Director 55.00 X 110719 0 13126 110719 0 13126 1 0 0 0 0 103742 1638011 637048 1741753 Transfers to Owners 900099 370966 370966 Mortgage Discount Amor 900099 111959 111959 Imputed Interest on Sa 900099 83050 83050 565975 4625 4625 1772 0 1772 1772 1772 652432 652432 0 2314125 565975 0 6397 125212 75127 31303 18782 364796 218599 93881 52316 4397 2634 1142 621 38137 22854 9812 5471 61784 37035 15794 8955 11045 11045 38636 38636 1500 1500 30502 26741 3761 54013 41697 12316 103777 78071 25706 18808 12540 6268 2690 1244 1446 23229 12729 10500 10000 10000 27486 14839 12647 26081 25605 476 Completed Project Costs 1181378 1181378 24073 4987 16663 2423 2147544 1767580 291396 88568 841300 1429526 2236193 2480938 1783 2894 903974 319126 710636 584848 7783 9914 768595 318015 4566290 4826135 182390 215037 450254 426690 0 184113 632644 825840 X 3674437 3560922 259209 439373 3933646 4000295 4566290 4826135 X 166581 2131 -102063 X 0 1 X 0 0 X 1122125 710067 1448605 1586413 1741753 6608963 1122125 710067 1448605 1586413 1741753 6608963 347657 6261306 15 33 71 101 4625 4845 6613808 4738852 0.94670 0.96340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1 1500 0 1500 0 Part II-B, Line 1: Lobbying expenditures include travel expenses to negotiate ND Senate Bill 2202 regarding Contractor License fees waived for affordable housing contractors. 85000 85000 638367 181480 456887 4300 4228 72 176307 133418 42889 584848 House Projects in Process 318015 318015 Refundable Advance 184113 184113 X 2260652 2131 14485 -2423 14193 2246459 67666 67666 2314125 2091940 14485 -67666 -53181 2145121 2423 2423 2147544 Part X, Line 2: The entity believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Fundraising Expenses -2,423. Part XI, Line 4b - Other Adjustments: Cost of Goods Sold - ReStore -15,384. Imputed Interest in Expenses 83,050. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold - ReStore 15,384. Imputed Interest in Expenses -83,050. Part XII, Line 4b - Other Adjustments: Fundraising Expenses 2,423. X 637048 Selling price 0 0 1 0 Form 990, Part VI, Section A, line 1a The Executive Committee consists of the President, Vice President, Treasurer, Secretary, Past President, Member at Large, and the Executive Director. The President and the Executive Director are not voting members on the governing body. The Executive Committee acts on behalf of the board on an as needed basis. All board members have equal voting rights except for the President who only votes to make quorum or if there is a tie. Form 990, Part VI, Section B, line 11b The Executive Director reviews the Form 990 and a copy is provided to board members prior to filing. Form 990, Part VI, Section B, line 12c At the time of appointment, and annually, officers, directors or trustees, and key employees are asked to disclose any conflicts of interest. The Executive Director reviews the responses and informs Executive Committee if conflicts exist. Additionally, during board meetings any board member with a conflict is asked to abstain from voting on that issue. Form 990, Part VI, Section B, line 15a The organization uses Habitat for MN, Job Service North Dakota and United Way salary information. The Executive Committee makes a recommendation regarding the Executive Director's compensation to the board. The board reviews and approves the budget. Based off of the budget, they determine the cost of living adjustment and any merit increases for all employees. This process is undertaken annually. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Correction of an error related to 2022 grant expenditure reimbursements -102,063.