2024-10-23T10:25:51-05:00 2024-06-30 621046406 JOHNSON HICKEY & MURCHISON PC 2215 OLAN MILLS DRIVE CHATTANOOGA TN 37421 990 2023-07-01 621260347 HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA INC HABI 4237560507 1201 EAST MAIN STREET CHATTANOOGA TN 37408 JENS CHRISTENSEN PRESIDENT & CEO 4237560507 2024-10-23 1 0 DEREK YOUNG P01350589 4237560052 2024-10-23 2023 2024-10-15 13:58:12Z JENS CHRISTENSEN 1201 EAST MAIN STREET CHATTANOOGA TN 37408 4793499 0 X HABICHATT.ORG X 1985 TN HABITAT FOR HUMANITY OF GREATER CHATTANOOGA (HFH-GC) BRINGS TOGETHER BUSINESSES, CHURCHES, AND OTHER COMMUNITY ORGANIZATIONS IN PARTNERSHIP WITH LOW INCOME FAMILIES TO SPARK AUTHENTIC TRANSFORMATION IN OUR CITY THROUGH THE CONSTRUCTION OF SIMPLE, DECENT, AFFORDABLE AND SAFE HOMES. 17 17 29 2437 496 0 2310367 3125899 802826 1209583 48709 -138597 194800 284510 3356702 4481395 0 0 0 0 1213913 1168981 0 0 83665 1493708 2052147 2707621 3221128 649081 1260267 5095803 6361295 472687 477912 4623116 5883383 X HABITAT FOR HUMANITY OF GREATER CHATTANOOGA (HFH-GC) BRINGS TOGETHER BUSINESSES, CHURCHES, AND OTHER COMMUNITY ORGANIZATIONS IN PARTNERSHIP WITH LOW INCOME FAMILIES TO SPARK AUTHENTIC TRANSFORMATION IN OUR CITY THROUGH THE CONSTRUCTION OF SIMPLE, DECENT, AFFORDABLE AND SAFE HOMES. 0 0 1648873 1131354 THE LARGEST PORTION OF HFH-GC'S PROGRAM IS THE PROCESS OF HOME BUILDING. THIS INCLUDES LAND ACQUISITION AND DEVELOPMENT, HOME DESIGN AND CONSTRUCTION, VOLUNTEER MANAGEMENT, AND RELATED EFFORTS THAT ARE INVOLVED IN THE CREATION OF AFFORDABLE HOMES THAT ARE SOLD AT COMPLETION TO QUALIFIED FAMILIES THROUGH ZERO PERCENT INTEREST LOAN SUPPORT AND AT NO PROFIT. 839435 THE SECOND LARGEST PORTION OF HFH-GC'S PROGRAM IS THE RESTORE OPERATION. RESTORE HELPS RECYCLE NEW AND USED CABINETS, APPLIANCES, LIGHTING, HARDWARE AND OTHER ITEMS DONATED BY AREA BUSINESSES AND INDIVIDUALS INTO THE COMMUNITY, WHILE GENERATING FUNDS TO SUPPORT HABITAT'S WORK IN CHATTANOOGA. 348092 THE THIRD LARGEST PORTION OF HFH-GC'S PROGRAM COVERS THE PROCESS OF RECRUITING AND IDENTIFYING POTENTIAL HABITAT PARTNER FAMILIES, AND WORKING WITH THEM THROUGH THE HABITAT APPLICATION PROCESS, A COMPREHENSIVE HOME OWNERSHIP EDUCATION PROGRAM WHICH INCLUDES COURSES ON HOME MAINTENANCE AND ON FINANCIAL MANAGEMENT, AND FOLLOW UP SUPPORT ONCE THEY ARE LIVING IN THEIR NEW HOME. THIS SUPPORT SPANS THE 30+ YEAR LIFE OF THEIR HABITAT ZERO-INTEREST MORTGAGE. 121229 78229 ZERO INTEREST LOANS ARE EXTENDED TO PARTNER FAMILIES AT A DISCOUNT FAR BELOW MARKET RATE MORTGAGE COSTS, ALLOWING PARTNER FAMILIES TO STRETCH PRECIOUS RESOURCES. MORTGAGE DISCOUNTS ARE EXPENSED AND AMORTIZED ON THOSE MORTGAGE LOANS THAT ARE HELD IN-HOUSE, RATHER THAN BEING SOLD TO ASSET RECOVERY PROGRAMS LIKE TENNESSEE HOUSING DEVELOPMENT AGENCIES NEW START PROGRAM. 121229 78229 2957629 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 12 0 1 29 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X BRANT MASON 4237560507 1201 EAST MAIN STREET CHATTANOOGA TN 37408 PATRICK DAUGHERTY CHAIR 2.00 X X 0 0 0 STEPHEN ADAMS GOVERNANCE CHAIR 2.00 X X 0 0 0 TERNAE JORDAN JR DIRECTOR 2.00 X 0 0 0 TONY SANDERS TREASURER 2.00 X X 0 0 0 TYSON ASAY DIRECTOR 2.00 X 0 0 0 GINA DHANANI SECRETARY & DEVELOPMENT CHAIR 2.00 X X 0 0 0 BILL REASON DIRECTOR 2.00 X 0 0 0 STEWART SMITH DIRECTOR 2.00 X 0 0 0 KEN STAPLETON DIRECTOR 2.00 X 0 0 0 BLAKE TODD DIRECTOR 2.00 X 0 0 0 LEE ANN ADAMS DIRECTOR 2.00 X 0 0 0 DEREK BULLARD VICE CHAIR 2.00 X X 0 0 0 KEN NICHOLS DIRECTOR 2.00 X 0 0 0 RHEY HOUSTON DIRECTOR 2.00 X 0 0 0 DIONNE JENKINS DIRECTOR 2.00 X 0 0 0 JAMES NUNALLY JR MD DIRECTOR 2.00 X 0 0 0 FABIOLA ORTIZ SMITH DIRECTOR 2.00 X 0 0 0 MARK HITE SECRETARY 2.00 X X 0 0 0 BRANT MASON CFO 60.00 X 66133 0 2888 JENS CHRISTENSEN PRESIDENT & CEO 60.00 X 115500 0 18594 TENASA MCGHEE CAO 60.00 X 66615 0 11843 248248 0 33325 1 0 0 0 CHAVEZ DRYWALL 3115 E 45TH ST CHATTANOOGA TN 37407 CONSTRUCTION 134326 1 132096 805396 2188407 919757 3125899 TRANSFER TO HOMEOWNER 900099 1131354 1131354 AMORT OF DISCOUNT/MORGAGE 900099 78229 78229 1209583 128310 128310 2500 269407 -266907 -266907 -266907 326215 132096 42201 284014 284014 992 496 496 496 4481395 1209583 496 145417 265997 187847 78150 763955 689618 10002 64335 23980 21596 386 1998 40224 36198 4026 74825 63958 6055 4812 15468 15468 19650 5632 14018 61407 61407 22270 19036 1802 1432 30570 26131 2473 1966 321810 304282 16637 891 8586 7339 1247 13761 13761 80843 74376 6467 65389 55893 5291 4205 COST OF SALES HOUSE CON 1191923 1191923 DISCOUNT ON MORTGAGE EX 121229 121229 OTHER EXPENSES 82382 47525 34857 TOOLS AND SUPPLIES 16859 14410 2449 3221128 2957629 179834 83665 2742981 3855002 45885 326772 70428 153234 474517 477371 626 130 29774 13124 1722668 836612 1236306 886056 495286 649606 5095803 6361295 125386 140236 337676 337676 9625 0 472687 477912 X 3648782 4848306 974334 1035077 4623116 5883383 5095803 6361295 1260267 0 X 0 1 X 1 1 1 X 2026050 1799982 3242474 2310367 3125899 12504772 2026050 1799982 3242474 2310367 3125899 12504772 12504772 124 512 767 48709 128310 178422 12683194 0.98590 0.99530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 20000 20000 1488617 639521 849096 100442 83482 16960 113609 113609 0 886056 LAND FOR DEVELOPMENT 0701 2005 WORK IN PROGRESS HOUSE 647601 649606 X 4481395 0 4481395 0 4481395 3221128 0 3221128 0 3221128 PART X, LINE 2: HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA, INC. IS ORGANIZED AS A STATE OF TENNESSEE NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1). HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA, INC. IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. THE FINANCIAL ACCOUNTING STANDARDS BOARD'S GUIDANCE REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. ADDITIONALLY NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. INTEREST AND PENALTIES WOULD BE RECOGNIZED AS TAX EXPENSE, HOWEVER, THERE IS NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES. THE TAX YEARS AFTER 2021 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. RAISE THE ROOF 324215 324215 1000 20413 3054 WOMEN'S BUILD 132096 132096 6800 7364 800 2770 2000 2000 458311 132096 326215 7800 27777 800 5824 42201 284014 X 639354 ACTUAL SALES VALUE X 1 29138 FAIR MARKET VALUE X LAND 1 200000 ACTUAL SALES VALUE X CONSTRUCTION MATERIALS 1 51265 ACTUAL SALES VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL DRAFT OF FORM 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD, THE TREASURER OF THE BOARD, THE CEO, AND THE CFO. FOLLOWING ANY REVISIONS, THE ENTIRE BOARD OF DIRECTORS RECEIVES A COPY OF THE FINAL DRAFT AND THEY ARE INSTRUCTED TO SUBMIT COMMENTS TO THE BOARD PRESIDENT. CONSIDERATION IS THEN GIVEN TO DETERMINE WHETHER OR NOT FINAL CHANGES NEED TO BE MADE PRIOR TO FILING FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. ALL OTHER OFFICER'S AND KEY EMPLOYEE'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST. HABITAT FOR HUMANITY INTERNATIONAL 121 HABITAT STREET AMERICUS GA 31709 911914868 SUPPORT HFH AFFILLIATES, BUILD HOMES GA 501(C)(3) LINE 7 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1