2026-02-15T12:13:22+00:00 2025-06-30 440160260 Forvis Mazars LLP One Oak Plaza Suite 300 Asheville NC 28801 990 2024-07-01 561366233 Habitat For Humanity Of The Charlotte Region HABI 7043762054 PO BOX 220287 CHARLOTTE NC 28222 Julie Milich VP - Finance 7047167043 2026-02-15 true true Amy Bibby P00445891 8282542254 2026-02-11 2024 2025-03-06 01:10:19Z LAURA BELCHER PO BOX 220287 CHARLOTTE NC 28222 58597151 false X WWW.HABITATCLTREGION.ORG X 1983 NC SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE. 23 23 272 5193 -75281 -75281 23103981 32512503 26203429 23916244 763667 670746 -219414 393268 49851663 57492761 1554730 926572 0 0 14088397 15408143 0 0 3237841 38226831 35971123 53869958 52305838 -4018295 5186923 100838830 101958906 41346831 37237996 59491999 64720910 X SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY OF CHARLOTTE BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE. false false 21505146 14635901 Habitat Charlotte Region has been the leading provider of affordable homeownership and home repair solutions since 1983, serving families earning 80% or less of the Area Median Income. We operate in Gaston, Iredell, North Mecklenburg, and the cities of Charlotte, and Pineville, supporting a region of over 1.5 million people. In FY 25 we partnered with 197 families through affordable housing solutions and with more than 350 on financial education. In October 2024, we merged with Habitat for Humanity of Gaston County, combining our individual effort to strengthen affordable housing across the region. This merger expands impact, maximizes resources, and increases affordable homeownership opportunities. Our mission is to promote affordable homeownership as a path to financial stability and economic mobility. We achieve this through three programs: *Critical Home Repair - Providing repairs that address health and safety hazards, allowing homeowners to avoid displacement. *New Homeownership - Constructing and renovating homes sold at fair market value with affordable mortgages. *Financial Education - Offering assessments, education, coaching, and partner referrals to prepare individuals for homeownership. This activity is supported by contribution revenue which is reported in Part VIII column A and is not reflected as program service revenue. 16962229 9279798 Our mission is sustained through a healthy mix of funding streams to support our operating needs, growth goals and strategic plan. 7 ReStores, where we sell new and gently-used furniture, appliances, home decor, and building materials support our operational expenses. Donations from individuals, corporations, foundations and faith partners remain a strong financial resource for Habitat Charlotte Region, and public grants continue to enable us to scale our programs and pilot new programs. This year, we also launched a $20M capacity building campaign and confirmed the first $5M in commitments. Habitat Charlotte Region understands the effects of homeownership on asset-building and wealth, and is committed to serving the community while recognizing that change and adaptability are key to intensifying our impact. Next year we are launching 2 co-developed, mixed income, light-density projects that will help scale our business model and demonstrate the power of collaboration and growth. This activity is supported by contribution revenue which is reported in Part VIII column A and is not reflected as program service revenue. 7804478 545 Our Critical Home Repair program provides qualified families with significant home repairs, improving substandard housing conditions for those with limited financial resources and preserving affordable units in our community. Our team focuses on four essential health and safety issues: unsafe roofs or floors, lacking heat, electrical system hazards, and plumbing hazards while also addressing accessibility issues in and around the home. 197 families were served through this program during the year. 926572 926572 141338 Building on the success of Money Matters, a financial literacy course focused on helping individuals become homebuyer ready, Habitat Charlotte Region expanded its financial literacy programming to offer three pathways depending on an individual's financial readiness. This approach allows us to provide a more customized experience and timeline based on an initial financial assessment. Through the expanded financial literacy program, now called Pathways and Partners, the affiliate helped 350 families. During the year, Habitat Charlotte Region provided support to Habitat for Humanity International. 926572 926572 141338 47198425 true true false true false false false false true true true false true true true true true false false false false false false false true false false true true true false false false false false false false false false false true false false false true false false false false false true 87 0 true 272 true true true false false false false true true false false false false false false X 23 23 false false false false false false false true true false false false true true true true true true true true false false NC X X X JULIE MILICH 7044201207 3815 LATROBE DRIVE CHARLOTTE NC 28211 Ashley Cumberbatch Treasurer 1.0 X X 0 0 0 Darryl White Secretary 1.0 X X 0 0 0 Jen Hall Chair 1.0 X X 0 0 0 Sharon Sullivan Vice Chair 1.0 X X 0 0 0 Spencer Disher Immediate Past Chair 1.0 X X 0 0 0 Abdue Knox Board Member 1.0 X 0 0 0 Adrian Boddie Board Member 1.0 X 0 0 0 Brooke Harper Board Member 1.0 X 0 0 0 Cindy Reid Board Member 1.0 X 0 0 0 Diana McAfee Board Member 1.0 X 0 0 0 Eric Mauntel Board Member 1.0 X 0 0 0 James McLelland Board Member 1.0 X 0 0 0 Jason Rutherford Board Member 1.0 X 0 0 0 Jay Tillman Board Member 1.0 X 0 0 0 Jeremiah Hunt Board Member 1.0 X 0 0 0 John Forgan Board Member 1.0 X 0 0 0 JR Williams Board Member 1.0 X 0 0 0 Marcus Rabun Board Member 1.0 X 0 0 0 Peggy Connor Board Member 1.0 X 0 0 0 Ray Hardee Board Member 1.0 X 0 0 0 Ruth Cline Board Member 1.0 X 0 0 0 Taryn Thompson Board Member 1.0 X 0 0 0 Tim Ryan Board Member 1.0 X 0 0 0 Tom Quirk Board Member 1.0 X 0 0 0 Bob Glusenkamp SVP, Programming 40.0 X 162689 0 16782 Caitlin Greenwell VP, Retail Operations 40.0 X 115162 0 13964 Julie Milich VP, Finance 40.0 X 135755 0 20594 Kerr Collins VP, Business Operations 40.0 X 113916 0 14121 Kris Fountain VP, Family Services 40.0 X 122911 0 10783 Laura Belcher President & CEO 40.0 X 267303 0 13726 Mel Ressler VP, Construction 40.0 X 107291 0 13964 Shannon Green SVP, Organizational Advancement and Development 40.0 X 172180 0 19788 Toni Freeman SVP, Operations 40.0 X 0 0 0 Brenda Yelton Controller 40.0 X 103790 0 11732 Brooke Moose Director of Development - Community Engagement & Partnerships 40.0 X 101361 0 11705 Charles Monroe Director of Home Repair Program 40.0 X 100522 0 10100 Marnie Woodward Director of People & Culture 40.0 X 103807 0 9033 1606687 0 166292 12 true true false KEVIN RICHARDSON GRADING PO BOX 25 MOUNT HOLLY NC 28120 CLEARING/GRADING CONTRACTOR 3539932 SUMMIT AIR & ELECTRIC PO BOX 1233 HARRISBURG NC 28075 HVAC & ELECTRICAL CONTRACTOR 1455532 Cook's Excavating LLC PO Box 250 Pineville WV 24874 Clearing/Grading Contractor 1286899 Vantage Building Group 4379 Charlotte Hwy Lake Wylie SC 29710 General contractor and project management 917389 Dean Sutton Plumbing PO Box 80 Mt Holly NC 28120 Plumbing Services 626642 33 647288 4843292 27021923 1133773 32512503 MORTGAGED HOME SALES 531390 10994377 10994377 RE-STORE 459900 7624975 7624975 MORTGAGE AMORTIZATION 900099 1818555 1818555 BOOK SALES 459900 464863 464863 REPAIR MINISTRY 900099 545 545 3012929 3012929 0 0 23916244 768983 768983 141338 141338 0 141338 141338 92948 5289 -92948 -5289 -98237 -98237 68123 715411 255686 -187563 -187563 1189960 750467 439493 -75281 514774 0 0 0 0 0 57492761 24057582 -75281 997957 915743 915743 10829 10829 1606687 886873 339995 379819 10797308 9043887 544496 1208925 331336 265270 23627 42439 1746488 1398255 124537 223696 926324 741624 66053 118647 2365120 1345050 366513 653557 550047 328999 2855 218193 153290 108432 5574 39284 764082 572759 78789 112534 2227272 2062825 100074 64373 276542 208281 23480 44781 605788 603857 1067 864 673587 617097 46130 10360 406124 349294 49915 6915 HOUSE SALES COST AND RESTORE COGS 18365825 18365740 29 56 COST OF REPAIRS MINISTRY 8081401 8081401 MORTGAGE DISCOUNT AMORTIZATION 396000 396000 BANK FEES 371666 252799 53638 65229 734379 643410 42800 48169 52305838 47198425 1869572 3237841 6454 7406 8416053 3006146 4722651 4872030 0 0 0 0 23538849 32037290 657467 652714 17250026 3981425 9921652 13268601 0 45868832 40116475 162507 132986 7544365 7865258 100838830 101958906 1166015 2807083 517396 387425 0 13208 0 0 24331687 19946530 7518677 6630332 7813056 7453418 41346831 37237996 X 55224548 60852112 4267451 3868798 59491999 64720910 100838830 101958906 X 5186923 41988 X X false true true true true X 10512859 28951104 16796822 22258069 32580626 111099480 0 0 10512859 28951104 16796822 22258069 32580626 111099480 542099 110557381 156239 45839 381541 673042 910321 2166982 0 0 0 0 0 0 63947 44737 0 0 0 108684 113375146 110921625 0.97515 0.96343 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 63947.0, COLUMN B - 44737.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 108684.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true false false true false true 8000 8000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The full extent of our lobbying activity was done at the annual Habitat on the Hill event sponsored by Habitat for Humanity International (HFHI) and North Carolina Advocacy Day in Raleigh sponsored in partnership by Habitat North Carolina. Four staff members, one board member, and one homeowner and her son traveled there and spoke with representatives about legislation that was important to Habitat Charlotte Region. $7,520 was incurred for registration fees, flights, lodging, transportation, and meals while in DC. While in DC for North Carolina Advocacy Day, $480 was spent on a hotel, dinner, and mileage reimbursement. false false 235025 539207 50114 2283 5843 816220 209522 5755 24388 2345 2295 235025 197219 16841 2312 2226 209522 227537 250 -26018 2225 2325 197219 178008 54051 2942 1580 227537 0.0 1.0 0.0 true false 5235642 5235642 8427543 1906000 6521543 1118480 504134 614346 2027261 1502116 525145 441100 69175 371925 13268601 Investment in NMTC joint ventures 7179601 C NON-INTEREST BEARING MORTGAGE LOAN RECEIVABLE FROM LOW-INCOME PERSONS 27326586 F Investment in HCR-FC Marlborough Woods, LLC 1405559 C Investment in available-for-sale securities 4204729 C 40116475 ENDOWMENT FUNDS 816220 Right-of-use operating lease assets 6657409 Right-of-use finance lease assets 391629 7865258 Federal Income Taxes OPERATING LEASE LIABILITIES 7053542 FINANCE LEASE LIABILITIES 399876 7453418 X 58540902 1048141 1048141 57492761 0 0 57492761 53311991 1006153 1006153 52305838 0 0 52305838 Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are held by the Foundation for the Carolinas . ACCORDING TO THE GOVERNING AGREEMENT, THE ENDOWMENT FUNDS HELD BY FOUNDATION FOR THE CAROLINAS (THE "FFTC") ARE THE PROPERTY OF FFTC. HOWEVER, AS HABITAT MAY COLLECT ITS DONOR ADVISED ACCOUNT BALANCES ON REQUEST AND IS CONSIDERED TO BE THE BENEFICIARY OF THE ENDOWMENT FUNDS, THESE AMOUNTS ARE SHOWN AS INVESTMENTS ON THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION. THE FUNDS HELD BY FFTC INCLUDE MUTUAL FUNDS, HEDGE FUNDS AND ALTERNATIVE INVESTMENTS. INVESTMENT GAINS AND LOSSES FLOW THROUGH PERMANENTLY RESTRICTED NET ASSETS. THE BOARD OF DIRECTORS OF THE FOUNDATION HAVE ABSOLUTE AUTHORITY AND DISCRETION AS TO THE INVESTMENT AND REINVESTMENT OF THE ASSETS OF THE FUND BASED ON THE INVESTMENT PROFILE THAT HABITAT FOR HUMANITY OF CHARLOTTE SELECTS. THE ORGANIZATION UTILIZES EARNINGS FROM THE FUND TO ASSIST WITH OPERATIONS. THE ENTIRETY OF THE ENDOWMENT FUNDS ARE PERMANENTLY RESTRICTED AND HELD BY THE FFTC. THE ORGANIZATION UTILIZES EARNINGS FROM THE FUND TO ASSIST WITH ITS OPERATIONS TO FURTHER ITS EXEMPT PURPOSE. In addition, Endowment funds are held with the Community Foundation of Gaston County. Pursuant to the agreement, the fund shall have a principal purpose of generating and distributing its net earnings to provide long-term support to The Organization's tax-exempt purpose. All distributions of the Fund shall be designated solely for these purposes and such distributions shall be made only for use within Gaston County, NC. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote HABITAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 COST OF GOODS SOLD - 750467 SPECIAL EVENT DIRECT EXPENSES - 255686 change in Endowment - 41988 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD - 750467 SPECIAL EVENT DIRECT EXPENSES - 255686 Blue Jean Bash 374526 313077 61449 10899 79672 10127 92301 Gaston Gala 187606 180932 6674 7326 9549 700 5747 1 153279 153279 0 19102 15191 5072 715411 647288 68123 37327 104412 10827 103120 255686 -187563 true Habitat for Humanity International 121 Habitat Street Americus GA 31709 911914868 501c(3) 566226 Annual International Support Habitat for Humanity of North Carolina 1053 E Whitaker Mill Rd Suite 115 Raleigh NC 27604 271296717 501c(3) 18750 Project Fees for the Number of Rehab, Recycle, New and Repair Projects 2 0 Habitat Global Village Trip Scholarships 5 10829 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Each year Habitat for Humanity of the Charlotte Region provides international support to Habitat for Humanity International. Additionally, the Organization provides support to Habitat NC to support statewide efforts in supporting Habitat affiliates with training, advocacy, and disaster recovery. X X X false false false false false false false false false Laura Belcher President & CEO 247303 0 20000 0 0 0 6681 0 7045 0 281029 0 0 0 Bob Glusenkamp SVP, Programming 155189 0 7500 0 0 0 8328 0 8454 0 179471 0 0 0 Shannon Green SVP, Organizational Advancement and Development 164680 0 7500 0 0 0 9831 0 9957 0 191968 0 0 0 Julie Milich VP, Finance 130755 0 5000 0 0 0 10234 0 10360 0 156349 0 0 0 X Roofing 4 305867 Market value X Construction Materials 2 7021 Market value X Trusses 11 48350 Market value X Breakers 5 13970 Market value X Appliances 12 183602 Market value 0 false false false Schedule M, Part I Explanations of reporting method for number of contributions Other - Roofing number of contributions Other - Construction Materials number of contributions Other - Trusses number of contributions Other - Breakers number of contributions Other - Appliances number of contributions Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 926,572 including grants of $ 926,572)(Revenue $ 141,338) Building on the success of Money Matters, a financial literacy course focused on helping individuals become homebuyer ready, Habitat Charlotte Region expanded its financial literacy programming to offer three pathways depending on an individual's financial readiness. This approach allows us to provide a more customized experience and timeline based on an initial financial assessment. Through the expanded financial literacy program, now called Pathways and Partners, the affiliate helped 350 families. During the year, Habitat Charlotte Region provided support to Habitat for Humanity International. Form 990, Part VI, Line 1a THE EXECUTIVE COMMITTEE CONSISTS OF THE Board Chair, Board Secretary, Immediate past Chair, Chair Elect, Treasurer, and includes two at large members. THE EXECUTIVE COMMITTEE IS ACCOUNTABLE TO THE BOARD OF DIRECTORS AND SHALL HAVE AND MAY EXERCISE ALL THE POWERS OF THE BOARD IN BETWEEN BOARD MEETINGS, EXCEPT FORSPECIFICALLY NAMED POWERS LISTED IN THE ORGANIZATION'S BYLAWS. MEETING OF THE EXECUTIVE COMMITTEE SHALL BE HELD AT SUCH TIME AND PLACE AS MAY BE DETERMINED BY THE PRESIDENT. A MAJORITY OF THE DIRECTORS SHALL BE PRESENT IN PERSON, LINKED BY TELECOMMUNICATION, OR BY PROXY TO CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. MEETINGS OF THE EXECUTIVE COMMITTEE MAY ALSO BE CONDUCTED BY CONFERENCE CALL, VIDEO CONFERENCE, ELECTRONIC MAIL OR ANY OTHER MEANS OF COMMUNICATION OFFERED BY THE BOARD, FROM TIME TO TIME, AS ESTABLISHED BY THE CHAIR OF THE EXECUTIVE COMMITTEE. BUSINESS SHALL BE TRANSACTED BY A MAJORITY VOTE OF THE MEMBERS OF THE EXECUTIVE COMMITTEE PRESENT OR REPRESENTED BY PROXY. THE EXECUTIVE COMMITTEE SHALL SUBMIT TO THE BOARD OF DIRECTORS AT THE NEXT BOARD MEETING A REPORT ON ANY ACTION TAKEN BY THE EXECUTIVE COMMITTEE SINCE THE LAST BOARD MEETING. Form 990, Part VI, Line 11b Review of form 990 by governing body Draft provided to Audit Committee Members for review. A conference call is held with Audit Committee and representative of FORVIS in order to address any concerns, answer any questions, and approve the draft of the 990. After the Audit Committee approves, the 990 is sent to each Board Member for review prior to the filing of the 990. Form 990, Part VI, Line 12c Conflict of interest policy All Board Members and ALL employees are required annually to disclose any potential conflicts of interest in writing. Employee disclosures are reviewed by the President and Board Member disclosures are reviewed by the Board of Directors. An appropriate plan is put in place to ensure that no inappropriate benefit is derived by a Board Member or Employee due to their relationship. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation for the CEO of Habitat Charlotte is reviewed annually by the Board of Directors. The compensation review is based on a variety of factors, including, without limitation, the education, experience qualifications and prior performance of the employee, the expertise required for the position, the compensation paid to similarly-qualified persons in functionally-comparable positions and the compensation offered by organizations similar to Habitat Charlotte. Comparable salary information is obtained from compensation studies conducted by employer and human resources organization as well as other large Habitat for Humanity affiliates. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Organization uses multiple factors when establishing compensation amounts for key employee positions. Such factors, including, without limitation, the education, experience qualifications and prior performance of the employee, the expertise required for the position, the compensation paid to similarly-qualified persons in functionally-comparable positions and the compensation offered by organizations similar to Habitat Charlotte. Comparable salary information is obtained from compensation studies conducted by employer and human resources organization as well as other large Habitat for Humanity affiliates. Form 990, Part VI, Line 19 Required documents available to the public PHOTOCOPIES OF THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ADMINISTRATIVE OFFICE OF THE ORGANIZATION. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE, www.habitatcltregion.org. Form 990, Part VIII, Line 2f Other Program Service Revenue OTHER PROG SERVICES - Total Revenue: 3012929, Related or Exempt Function Revenue: 3012929, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN ENDOWMENT FUND - 41988; Total - 41988; Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HABITAT CHARLOTTE HOMES LLC 3815 LATROBE DRIVE CHARLOTTE NC 28211 475139690 PROPERTY HOLDING NC 32592 3188758 HABITAT FOR HUMANITY OF CHARLOTTE INC HABITAT CHARLOTTE PROPERTIES INC 3815 LATROBE DRIVE CHARLOTTE NC 28211 475150119 PROPERTY HOLDING NC 0 500 HABITAT FOR HUMANITY OF CHARLOTTE INC HFHC HOLDINGS LLC 3815 LATROBE DRIVE CHARLOTTE NC 28211 475161187 PROPERTY HOLDING NC 0 1000 HABITAT FOR HUMANITY OF CHARLOTTE INC HFHC FUNDING LLC 3815 LATROBE DRIVE CHARLOTTE NC 28211 MORTGAGE HOLDING NC 189600 3178130 HABITAT FOR HUMANITY OF CHARLOTTE INC NORTH MAIN DEVELOPMENT LLC 3815 LATROBE DRIVE CHARLOTTE NC 28211 PROPERTY HOLDING NC 0 0 HABITAT FOR HUMANITY OF CHARLOTTE INC HCR MARLBOROUGH LLC 3815 LATROBE DRIVE CHARLOTTE NC 28211 PROGRAM INVESTMENT - HOUSING NC 0 0 HABITAT FOR HUMANITY OF CHARLOTTE INC