2024-10-31T15:42:25-05:00 2024-06-30 521224986 PKS & COMPANY PA 1801 SWEETBAY DRIVE SALISBURY MD 21804 990 2023-07-01 521785188 HABITAT FOR HUMANITY CHOPTANK INC HABI 4104763204 29349 W MAPLE AVENUE 3 TRAPPE MD 21673 JOANN HANSEN CEO 4104763204 2024-10-31 1 0 JAMES D MAYBURY CPA P01082211 4105465600 2023 2024-10-15 13:58:12Z JOANN HANSEN 29349 W MAPLE AVENUE SUITE 3 TRAPPE MD 21673 5628913 0 X WWW.HABITATCHOPTANK.ORG X 1992 MD SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. HABITAT FOR HUMANITY CHOPTANK ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT OFFER ASSISTANCE ON THE EXPRESSED OR IMPLIED CONDITION THAT PEOPLE MUST ADHERE TO OR CONVERT TO A PARTICULAR FAITH OR LISTEN AND RESPOND TO MESSAGING DESIGNED TO INDUCE CONVERSION TO A PARTICULAR FAITH. 11 11 30 274 0 0 1641730 2697134 2227291 1941528 159191 147400 87886 77193 4116098 4863255 36666 58008 0 0 1183073 1164885 0 0 267088 3445574 3258527 4665313 4481420 -549215 381835 9831982 10829561 1311844 1845756 8520138 8983805 X SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. HABITAT FOR HUMANITY CHOPTANK ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT OFFER ASSISTANCE ON THE EXPRESSED OR IMPLIED CONDITION THAT PEOPLE MUST ADHERE TO OR CONVERT TO A PARTICULAR FAITH OR LISTEN AND RESPOND TO MESSAGING DESIGNED TO INDUCE CONVERSION TO A PARTICULAR FAITH. 0 0 2968246 1321058 HOWEOWNERHIP PROGRAM: FAMILIES IN NEED OF A DECENT PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE HOMEOWNER FAMILY'S NEEDS, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING HOUSE SIZES MODEST, USING DONATED CONSTRUCTION MATERIALS AND APPLIANCES, AND ISSUING NO-PROFIT LOANS, HABITAT MAKE ITS HOUSES AFFORDABLE FOR LOW-INCOME FAMILIES TO PURCHASE. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITIONS THAT FREE FAMILIES FROM INSTABILITY, STRESS AND FEAR AND ENCOURAGE SELF-RELIANCE AND CONFIDENCE. 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. SINCE THE INCEPTION OF HABITAT FOR HUMANITY CHOPTANK 30 YEARS AGO, WE HAVE BUILT 115 HOMES PROVIDING 115 FAMILIES WITH A LONG-TERM HOMEOWNERSHIP OPPORTUNITY. DURING FISCAL YEAR 2024, HABITAT FOR HUMANITY CHOPTANK SOLD 6 HOMES PROVIDING THESE HOME BUYER FAMILIES WITH LONG-TERM HOMEOWNERSHIP OPPORTUNITIES. 346085 58008 NEIGHBORHOOD REVITALIZATION PROGRAM: THROUGH OUR NEIGHBORHOOD REVITALIZATION WORK, WE TAILOR OUR EFFORTS BY PARTNERING LOCALLY WITH RESIDENTS AND COMMUNITY LEADERS AND ORGANIZATIONS TO BEST ADDRESS THE REAL CONCERNS OF THE COMMUNITY AND IMPROVE THE LIVES OF THE PEOPLE WHO LIVE THERE. USING A DATA-DRIVEN AND CUSTOMIZABLE APPROACH, WE FOCUS ON FIRST UNDERSTANDING THE CONCERNS OF THE RESIDENTS AND THEN EMPOWERING THESE RESIDENTS TO LEAD THE PROJECTS THEY WANT TO SEE. ALONGSIDE HABITAT, RESIDENTS WORK WITH CHURCHES, SCHOOLS, NEW AND LONGSTANDING NEIGHBORHOOD COALITIONS, LOCAL GOVERMENT ENTITIES, AND OTHER COMMUNITY PARTNERS TO ACHIEVE THEIR GOALS. BECAUSE EACH NEIGHBORHOOD'S CHALLENGES AND ASPIRATIONS ARE DIFFERENT, THE FRAMEWORK ACTS AS A GUIDE THAT CAN BE TAILORED TO THE GOALS OF EACH COMMUNITY. THAT'S WHY NEIGHBORHOOD REVITALIZATION CAN LOOK LIKE ANYTHING FROM DEVELOPING PUBLIC PARKS TO ORGANIZING SAFETY MEETINGS WITH THE LOCAL POLICE DEPARTMENT TO REHABBING AND REOPENING SCHOOLS, STORES AND HOMES. THE NEIGHBOORHOOD REVITALIZATION PROGRAM SERVED APPROXIMATELY 25 INDIVIDUALS DURING FISCAL YEAR 2024. 660059 655851 RESTORE PROGRAM: HABITAT FOR HUMANITY CHOPTANK OPERATES A HABITAT FOR HUMANITY CHOPTANK RESTORE, A RETAIL OPERATION WHERE DONATED FURNITURE, APPLIANCES, BUILDING MATERIALS, AND OTHER MISCELLANEOUS ITEMS ARE SOLD TO THE COMMUNITY AT A GREATLY REDUCED PRICE. THE RESTORE FUNDS THE MISSION OF THE ORGANIZATION AND PROVIDES OPERATING INCOME FOR THE ORGANIZATION PLUS ADDITIONAL NET INCOME FOR HOME BUILDING AND HOME REPAIR PROGRAMS. 3974390 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 33 0 1 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MD X TRACY TRACY 4104763204 29349 W MAPLE AVENUE SUITE 3 TRAPPE MD 21673 ADRIAN HOLMES MEMBER 2.00 X 0 0 0 CHRIS HAUGE MEMBER 2.00 X 0 0 0 CHRISTINE DORIA TREASURER 8.00 X X 0 0 0 DAPHAN SMITH MEMBER 2.00 X 0 0 0 EDDIE BEASLEY MEMBER 2.00 X 0 0 0 GEORGE DAPPERT MEMBER 2.00 X 0 0 0 JEFFREY JOSEPH PRESIDENT 8.00 X X 0 0 0 JODI CAVANAUGH JEWS VICE PRESIDENT 8.00 X X 0 0 0 LATASHA NICHOLS MEMBER 2.00 X 0 0 0 MARY TAYLOR-ACREE MEMBER 2.00 X 0 0 0 CURTIS SNYDER MEMBER 2.00 X 0 0 0 JOANN HANSEN CHIEF EXECUTIVE OFFICER 40.00 X 99488 0 0 99488 0 0 0 0 0 0 BEC CONSTRUCTION LLC 3 SUNNYKING DR REISTERSTOWN MD 21136 GENERAL CONTRACTOR 312090 BUILDERS FIRSTSOURCE 8401 OCEAN GATEWAY EASTON MD 21601 GENERAL CONTRACTOR 183573 SHORE REAL ESTATE INVESTMENT LLC PO BOX 2493 EASTON MD 21601 SITE WORK CONTRACTOR 146860 ENERGYWISE LLC 12411 STILL POND CREEK RD WORTON MD 21678 GENERAL CONTRACTOR 120805 ALL WEATHER HEATING & AIR LLC PO BOX 423 EASTON MD 21601 HVAC SERVICES 115900 5 1547205 1149929 738146 2697134 HOMES SALES 531390 1150850 1150850 RESTORE SALES 459510 655851 655851 MORTGAGE AMORTIZATION 522292 134827 134827 1941528 52637 52637 34814 0 34814 34814 34814 842913 748150 94763 94763 94763 59320 17508 41812 41812 MISCELLANEOUS REVENUE 900099 567 567 567 4863255 1976909 0 189212 X 58008 58008 99488 24872 49744 24872 859477 685416 56261 117800 132367 106768 12069 13530 73553 54231 8750 10572 30520 6240 24280 18685 18685 23767 9451 6946 7370 29721 12353 17368 13288 4318 4116 4854 205992 164145 20923 20924 5603 3716 744 1143 15167 12281 1617 1269 26409 20130 6279 32301 32301 50537 50537 84707 52101 16303 16303 COST OF HOMES SALES/CON 1576191 1576191 RESTORE COST OF GOODS S 660059 660059 NEIGHBORHOOD REVITALIZA 288077 288077 OFFICE EQUIPMENT 50899 17309 9592 23998 146604 135886 3633 7085 4481420 3974390 239942 267088 248460 440855 726227 591138 132245 171448 3473 4799 1557980 1548103 5201043 5838319 903 2803 1224593 371472 545325 853121 1388388 1352137 23833 22733 4105 4105 9831982 10829561 240974 461375 5000 195442 852177 618469 213693 570470 1311844 1845756 X 8222655 8683562 297483 300243 8520138 8983805 9831982 10829561 381835 81832 0 X X 0 1 X 1 0 X 2880973 1246293 4837904 1641729 2697134 13304033 2880973 1246293 4837904 1641729 2697134 13304033 13304033 89337 57003 116182 187106 182781 632409 13936442 8243704 0.95460 0.95920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 98499 12222 930 109791 88517 1000 10035 1053 98499 107032 -13350 3947 1218 88517 81398 30261 3550 1077 107032 79309 3011 922 81398 0 0 300085 175576 124509 354844 195896 158948 569664 569664 853121 OPERATING LEASES PAYABLE 570470 570470 X 4266343 81832 81832 4184511 18685 660059 678744 4863255 3802676 0 3802676 18685 660059 678744 4481420 PART IV, LINE 2B: THE ORGANIZATION COLLECTS AND REMITS HOA FEES ON BEHALF OF HOMEOWNERS WHO PURCHASED A HOME FROM THE ORGANIZATION PREVIOUSLY. PART X, LINE 2: UNDER THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTORE COST OF GOODS SOLD 660,059. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESTORE COST OF GOODS SOLD 660,059. HARD HATS & HIGH HEELS 55320 55320 17508 HABITAT HUT 4000 4000 59320 59320 17508 17508 41812 1 HELPING HANDS LOAN SUBSIDY 25 58008 COSTS PAID HOME REPAIR AND REVITALIZATION PART I, LINE 2: THE ORGANIZATION HAS SPECIFIC POLICIES AND PROCEDURES IN PLACE FOR OVERSEEING AND MONITORING THE ASSISTANCE PROVIDED TO INDIVIDUALS. THIS IS MONITORED BY ORGANIZATION STAFF AND THE BOARD FINANCE COMMITTEE. X 647559 ESTIMATED FMV X CONSTRUCTION SERVICES 0 71750 ESTIMATED FMV X CONSTRUCTION MATERIALS 0 18836 ESTIMATED FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL BEFORE REVIEW AND APPROVAL BY THE BOARD AND SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO REVIEW CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A WRITTEN POLICY IN PLACE OUTLINING RESEARCH AND CONSIDERATION FOR COMPENSATION, RAISES, AND BONUSES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINES 1 THROUGH 25 HABITAT FOR HUMANITY CHOPTANK IS COMMITTEED TO EFFICIENCY AND TRANSPARENCY. WE COMMUNICATE WITH OUR SUPPORTERS, DONORS AND PROSPECTIVE DONORS BY EMAL, POSTAL MAIL, PHONE AND OTHER MEANS BOTH TO REQUEST CONTRIBUTIONS TO OUR CAUSE AND TO EDUCATE THE PUBLIC ABOUT HABITAT FOR HUMANITY CHOPTANK'S YEAR-ROUND PROGRAMS, VOLUNTEER OPPURTUNITIES 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 CHOPTANK ALLOCATES A PORTION OF OUR FUNDRAISING COSTS TO PROGRAM SERVICES. AS NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL TAXATION, WE EMSURE OUR DONORS' MONEY IS SPENT AS EFFICIENTLY AND EFFECTIVELY AS POSSIBLE. ADDITIONALLY, WE HAVE CERTAIN EXPENSES THAT CANNOT BE BILLED SEPARATELY FOR EACH FUNCTIONAL AREA. RENT, UTILITIES, INFORMATION TECHNOLOGY AND OTHER COSTS ARE GROUPED TOGETHER. WE ALLOCATE THESE COSTS IN COMPLIANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, OR GAAP, ACROSS THE PROGRAM (INCLUDING HABITAT RESTORES), MANAGEMENT AND GENERAL, AND FUNDRAISING CATEGORIES. FINALLY, SOME STAFF MEMBERS HAVE RESPONSIBILITIES THAT CROSS OVER FUNCTIONAL AREAS. TO CALCULATE THE TIME ALLOCATION, HABITAT FOR HUMANITY CHOPTANK DIVIDES THE NUMBER OF HOURS SPENT ON A PROJECT OUTSIDE OF A STAFF MEMBER'S DESIGNATED EXPENSE CATEGORY BY THE TOTAL HOURS WORKED DURING THAT PERIOD AND ALLOCATES THAT PERCENTAGE OF COSTS TO THE APPROPRIATE EXPENSE CATEGORY. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. HFHC FUNDING COMPANY I LLC 29349 W MAPLE AVENUE SUITE 3 TRAPPE MD 21673 HOLDS DEBT ON BEHALF OF THE ORGANIZATION MD HABITAT FOR HUMANITY CHOPTANK INC