2026-05-11T07:05:10-05:00 2025-06-30 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2024-07-01 411690131 Lake Agassiz Habitat for Humanity LAKE 2182845253 PO Box 1022 Moorhead MN 565601022 Jim Nelson Executive Director 2182845253 2026-04-21 1 1 Lisa Chaffee CPA P00193453 7012551091 2026-04-13 2024 2025-03-06 01:10:19Z Jim Nelson PO Box 1022 Moorhead MN 565601022 2527262 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 24 1010 0 0 1321026 1436419 795362 432332 32147 -133400 0 0 2148535 1735351 0 0 0 0 654104 812945 0 0 122351 1180338 832067 1834442 1645012 314093 90339 5379392 5579318 1062391 1115737 4317001 4463581 X Seeking to put God's love into action, Habitat for Humanity brings people together to build homes, communities and hope. 0 0 678766 432332 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, 2025, includes 2 home closings, serving 14 individuals (4 adults and 10 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, 2025, the mortgage income provided by current mortgage payments totaled $147,282 enabling Habitat to further continue to fulfill it's mission. Included in this number are the proceeds from the sale of 2 houses which totaled $97,860.98. 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. 430680 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, 2025, the ReStore program provided Lake Agassiz Habitat for Humanity with additional gross revenue of $622,200. The additional revenue helped Lake Agassiz Habitat for Humanity build more homes for low-income families within the community. The ReStore also diverted over 1,114 tons from area landfills through product donations. 1109446 1 1 0 0 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 24 1 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 Aaron Kakac 2185120388 210 North 11th Street Moorhead MN 56560 Becki Johnson President 2.00 X X 0 0 0 Peyton Mastera Vice President 2.00 X X 0 0 0 Elizabeth Hiller Secretary 2.00 X X 0 0 0 Kaylin Frappier Past President 2.00 X X 0 0 0 Steph Melgaard At Large Member/Director 2.00 X X 0 0 0 Nick Hamilton Director 2.00 X 0 0 0 Mary Suomala Folkerds Director 2.00 X 0 0 0 Craig Cambell Director 2.00 X 0 0 0 Kelly Hagel Director 2.00 X 0 0 0 Linda Klebe Director 2.00 X 0 0 0 Melissa Kubasta Director Through December 2.00 X 0 0 0 Kyla Duboard Director 2.00 X 0 0 0 Kyle Daily Director 2.00 X 0 0 0 Kari McKee Director From January 2.00 X 0 0 0 Luke Gulbranson Director From January 2.00 X 0 0 0 Amy Hass Director From January 2.00 X 0 0 0 Ken Roseth Director From January 2.00 X 0 0 0 Jim Nelson Executive Director 55.00 X 115582 0 16677 Aaron Kakac Finance Manager as of May 2025 55.00 X 0 0 0 115582 0 16677 1 0 0 0 0 169755 1266664 632644 1436419 Transfers to Owners 900099 223823 223823 Mortgage Discount Amortization 900099 208509 208509 432332 36311 36311 169711 -169711 -169711 -169711 622200 622200 0 1735351 432332 0 -133400 161131 21471 111032 28628 476710 340682 70787 65241 13632 9742 2025 1865 72542 51842 10772 9928 88930 63554 13205 12171 15794 15794 75086 75086 26290 22346 3944 64944 48877 16067 96760 62514 34246 28477 19298 9179 3092 1430 1662 22974 12589 10385 10000 10000 29375 15858 13517 23689 23257 432 Completed Project Costs 393455 393455 42131 12531 25082 4518 1645012 1109446 413215 122351 1475253 1473345 3594 2396250 2418568 61784 1906 17375 961606 378394 608287 583212 12527 15040 885169 1006400 5379392 5579318 151894 213373 441384 393251 1000 469113 508113 1062391 1115737 X 4069346 4261234 247655 202347 4317001 4463581 5379392 5579318 X 90339 2513 53728 X 0 1 X 0 0 X 1448605 1586413 1741753 1321026 1436419 7534216 1448605 1586413 1741753 1321026 1436419 7534216 560312 6973904 71 101 4625 29373 36311 70481 7604697 5598154 0.91710 0.91510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85000 85000 695999 221615 474384 4300 4300 0 176307 152479 23828 583212 House Projects in Process 1006400 1006400 Refundable Advance 508113 508113 X 1788274 2513 1200 49210 52923 1735351 0 1735351 1641694 1200 1200 1640494 4518 4518 1645012 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: PY IRS Quarterly Payroll Tax Refund 53,728. Indirect Fundraising Included in Revenue for Audit Allocated to Expenses -4,518. Part XII, Line 4b - Other Adjustments: Indirect Fundraising Included in Revenue for Audit Allocated to Expenses 4,518. X 632644 Selling price 0 0 1 0 Part I Column (b) The amounts reported in column (b) represent the number of items contributed. 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 Humanity Minnesota, Job Service North Dakota and United Way salary information. The Executive Committee establishes the Executive Director's compensation. The board reviews and approves the budget. Based off of the budget, they determine the amount of compensation increase for all employees; the Executive Director assigns merit increases for each staff member. 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: PY IRS Quarterly Payroll Tax Refund 53,728.