2022-05-11T14:20:52-05:00 2021-06-30 540618213 HANTZMON WIEBEL LLP 701 EAST WATER STREET SUITE 300 CHARLOTTESVILLE VA 22902 990 2020-07-01 541574925 GREATER CHARLOTTESVILLE HABITAT FOR HUMANITY INC GREA 4342939066 967 2ND ST SE CHARLOTTESVILLE VA 22902 DAN ROSENSWEIG PRESIDENT/CEO 4342939066 2022-05-11 1 DAN ROSENSWEIG XXX-XX-XXXX MATTHEW J DEAN P00961509 4342962156 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X DAN ROSENSWEIG 967 2ND ST SE CHARLOTTESVILLE VA 22902 10747223 0 8545 X WWW.CVILLEHABITAT.ORG X 1991 VA BRING PEOPLE TOGETHER TO BUILD HOMES AND COMMUNITIES TO PROVIDE SAFE, DECENT, AFFORDABLE HOUSING 18 16 65 710 0 0 10465507 5835213 1200023 1706402 14459 61061 737599 595765 12417588 8198441 40000 40000 0 0 2816332 2906578 341161 0 336364 3892648 5407993 7090141 8354571 5327447 -156130 27719165 30158834 11844242 13464357 15874923 16694477 X HABITAT FOR HUMANITY OF GREATER CHARLOTTESVILLE BRINGS PEOPLE TOGETHER TO BUILD AND REBUILD HOMES AND COMMUNITIES WHILE CATALYZING NEW PATHWAYS TO SAFE, DECENT, AFFORDABLE HOUSING.OUR VISION IS A GREATER CHARLOTTESVILLE COMMUNITY WHERE EVERYONE CAN FIND A DECENT PLACE TO LIVE.WE ARE AN AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL, A GLOBAL NETWORK WORKING TO END GLOBAL HOUSING POVERTY. 0 0 7360078 40000 2348769 THE ORGANIZATION'S HOMEOWNERSHIP PROGRAM BUILDS HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES AND COMMUNITY VOLUNTEERS. HOMES ARE SOLD TO RESIDENTS WITH INCOMES LESS THAN 60% OF AREA MEDIAN INCOME. PARTNER FAMILIES EARN SWEAT EQUITY IN ORDER TO PURCHASE HOMES AT NO PROFIT BY MEANS OF A ZERO INTEREST MORTGAGE INDEXED TO THEIR INCOME AND ABILITY TO PAY.THE ORGANIZATION'S STRATEGIC PLAN CONCENTRATES OUR ACTIVITIES INTO THREE AREAS: BUILDING, REBUILDING, AND HOUSING SYSTEM DEVELOPMENT. BUILDING: THROUGH PROJECT 20, THE ORGANIZATION'S PRIMARY GOAL IN THE FIRST REALM IS TO BUILD AND/OR RENOVATE AND SELL 20 HOMES EACH YEAR IN THE CHARLOTTESVILLE-ALBEMARLE COUNTY REGION. IN THIS REALM, MUCH OF THE FOCUS IS ON INCREASING THE CAPACITY OF LONG-TIME LOW-INCOME RESIDENTS TO STAND ON THEIR OWN. IN EXCHANGE FOR PARTNER FAMILIES' "SWEAT EQUITY," THE ORGANIZATION SELLS HOMES AT NO PROFIT AND ORIGINATES 0% LOANS SO THAT FAMILIES EARNING BETWEEN 25% AND 60% OF AREA MEDIAN INCOME CAN BECOME HOMEOWNERS. ADDITIONALLY, HABITAT DEVELOPS MIXED INCOME COMMUNITIES. TO DATE, HABITAT HAS BUILT OR BUILT IN NINE MIXED INCOME NEIGHBORHOODS. REBUILDING: THE ORGANIZATION IS FOCUSING ON THE HOLISTIC TRANSFORMATION OF THE SOUTHWOOD MOBILE HOME PARK INTO A SUSTAINABLE, 700-800 MIXED INCOME, MIXED USE COMMUNITY. IT IS ALSO STRATEGICALLY INVESTING AFFORDABLE HOMEOWNERSHIP IN OTHER KEY NEIGHBORHOODS IN THE REGION AND UTILIZING HOME REPAIR AS A FORCE MULTIPLIER FOR COMMUNITY IMPROVEMENT. HOUSING SYSTEM DEVELOPMENT: THE ORGANIZATION SEEKS TO CHANGE THE CONDITIONS THAT CONTRIBUTE TO HOUSING POVERTY BY WORKING STRATEGICALLY AND IN COALITIONS TO CATALYZE GREATER SECTOR COORDINATION, ADVOCACY, AND MARKETPLACE INNOVATION SO THAT EVERYONE HAS A PATHWAY TO SAFE, DECENT, AFFORDABLE HOUSING.THE ORGANIZATION IS COMMITTED TO ACHIEVING IMPACT AT SCALE. BY MAINTAINING AND LAUNCHING THE REDEVELOPMENT AND REVITALIZATION OF SOUTHWOOD MOBILE HOME PARK, A 120 ACRE, 341 PAD TRAILER PARK HOUSING APPROXIMATELY 1,500 LOW-INCOME RESIDENTS, THE ORGANIZATION WILL SECURE NON-DISPLACEMENT COST SAVINGS WORTH MORE THAN $21 MILLION. IN TOTAL, THE REDEVELOPMENT OF SOUTHWOOD IS ESTIMATED TO BRING $1.4 B IN LOCAL ECONOMIC IMPACT. IN ALL NEIGHBORHOOD REVITALIZATION EFFORTS, THE ORGANIZATION IS COMMITTED TO BOTH A NON-DISPLACEMENT MODEL AND AN ASSET-BASED COMMUNITY DEVELOPMENT APPROACH. IT HELPS FACILITATE LASTING CHANGE BY HELPING COMMUNITIES BUILD ON THEIR STRENGTHS, ENGAGING RESIDENTS AS PARTNERS AS THEY IMPROVE THEIR COMMUNITIES IN MULTIPLE SECTORS SUCH AS HOUSING, RECREATIONAL AMENITIES, SMALL BUSINESS INCUBATION, AND EDUCATIONAL OPPORTUNITIES, ETC. 7360078 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 31 0 65 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 VA X THE ORGANIZATION 4342939066 967 2ND ST SE CHARLOTTESVILLE VA 22902 ROBERT WOOD CHAIR 7.50 X X 0 0 0 RAY MISHLER VICE-CHAIR 7.50 X X 0 0 0 LORI SCHWELLER SECRETARY 7.50 X X 0 0 0 STEPHEN COLGATE TREASURER 7.50 X X 0 0 0 CASS BAILEY DIRECTOR 5.00 X 0 0 0 GARY CHARLES DIRECTOR 5.00 X 0 0 0 CONNOR CHILDRESS DIRECTOR 5.00 X 0 0 0 DOUG GERNERT DIRECTOR 5.00 X 0 0 0 YOLUNDA HARRELL DIRECTOR 5.00 X 0 0 0 CARTER HOERR DIRECTOR 5.00 X 0 0 0 WILLIAM HUESTON DIRECTOR 5.00 X 0 0 0 FRED KARNAS DIRECTOR 5.00 X 0 0 0 MARK LUELLEN DIRECTOR 5.00 X 0 0 0 ELVA MASON DIRECTOR 5.00 X 0 0 0 LEE RASMUSSEN DIRECTOR 5.00 X 0 0 0 MARILU THOMAS DIRECTOR 5.00 X 0 0 0 JUDY TOBIN DIRECTOR 5.00 X 0 0 0 RICHARD TREMBLAY DIRECTOR 5.00 X 0 0 0 DAN ROSENSWEIG PRESIDENT/CEO 40.00 X 149744 0 4465 JOHN DESMOND VP OPERATIONS/CFO 40.00 X 137873 0 10577 RUTH STONE CHIEF ADVANCEMENT OFFICER 40.00 X 103648 0 9076 391265 0 24118 3 0 0 0 DIGS INC PO BOX 31 CHARLOTTESVILLE VA 22902 SITE WORK 282686 TIMMONS GROUP 1001 BOULDERS PKWY SUITE 300 RICHMOND VA 23225 ENGINEERING SERVICES 250060 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 CONSULTANT FEES FOR CAPITAL CAMPAIGN 132355 3 518692 5316521 275138 5835213 SALE OF HOMES 230000 1680687 1680687 MORTGAGE DISCOUNT AMORTIZATION 525990 25715 25715 1706402 14459 14459 1149064 1532217 -383153 -383153 -383153 990734 944132 46602 46602 46602 1024227 72433 951794 951794 OTHER INCOME 900099 27124 27124 27124 8198441 2348769 0 14459 40000 40000 265000 157250 79500 28250 2031156 1735930 82712 212514 426186 329466 58552 38168 184236 114817 41608 27811 54266 17158 37108 50830 50830 50217 20075 27720 2422 10736 10736 50435 20852 18478 11105 101352 12553 78769 10030 342326 242080 100246 2739 2739 79314 79314 63490 63490 90631 40965 49666 COST OF HOMES SOLD 4195124 4195124 LAND ACQUISITION COSTS 134849 134849 BANK FEES 71367 43546 27821 CONSTRUCTION COSTS 29066 29066 81251 72807 2380 6064 8354571 7360078 658129 336364 2145663 1924955 6782677 5941924 1921188 3295843 25855 42745 62328 40110 2082362 608394 1412998 1473968 1447694 1447694 13920762 15991595 27719165 30158834 689165 1844221 26565 11385 10394893 9322348 717717 164781 15902 2121622 11844242 13464357 X 8846572 10301316 7028351 6393161 15874923 16694477 27719165 30158834 -156130 975684 0 X X 0 1 X 0 0 X 2936276 2570631 4759444 10465507 5835213 26567071 2936276 2570631 4759444 10465507 5835213 26567071 4790370 21776701 148 64 5 217 26567288 17985071 0.81970 0.77470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200760 200760 1572531 456185 1116346 88245 267 87978 220826 151942 68884 1473968 HOMES UNDER CONSTRUCTION 2370946 LAND HELD FOR DEVELOPMENT 13478457 OTHER RECEIVABLE 129192 DEPOSITS 13000 15991595 DEPOSITS FROM PARTNER FAMILIES 25432 RETAINAGE PAYABLE 96190 DEPOSITS FROM BUILDERS 1000000 LINES OF CREDITS 1000000 2121622 X 8270874 72433 72433 8198441 0 8198441 8427004 72433 72433 8354571 0 8354571 PART X, LINE 2: THE ORGANIZATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHINICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: STORE COST OF SALES NETTED ON 990 72,433. PART XII, LINE 2D - OTHER ADJUSTMENTS: STORE COSTS OF SALES NETTED ON 990 72,433. 1 HABITAT FOR HUMANITY INTERNATIONAL 121 HABITAT STREET AMERICUS GA 31709 911914868 501(C)(3) 40000 ANNUAL TITHE PART I, LINE 2: THE ORGANIZATION MAKES AN ANNUAL TITHE TO HABITAT FOR HUMANITY INTERNATIONAL (HFHI). BECAUSE THE FUNDS ARE UNRESTRICTED TO HFHI, THE ORGANIZATION DOES NOT REQUIRE DOCUMENTATION OF USE OF THE FUNDS BY HFHI. LORI SCHWELLER BOARD SECRETARY 70000 LEGAL SERVICES 0 CONNOR CHILDRESS DIRECTOR 50000 LEGAL SERVICES 0 PART IV THE ORGANIZATION PAID BOARD MEMBERS FOR LEGAL SERVICES RELATED TO CLOSING ON THE SALES OF PARTNER FAMILY HOMES AND OTHER REAL ESTATE MATTERS. THIS ARRANGEMENT WAS DISCLOSED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE AND FOLLOWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. X 19 275138 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS ABOVE REPRESENTS THE TOTAL OF INDIVIDUAL GIFT TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS REVIEWED BY THE CEO, CFO, AND COMPLIANCE OFFICER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IN ADDITION, DISCLOSURE OF CONFLICTS OF INTEREST ARE INCLUDED AT THE BEGINNING OF EVERY BOARD MEETING. THE TREASURER REVIEWS ALL TRANSACTIONS WITH RELATED PARTIES TO ENSURE COMPLIANCE. STAFF MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD USES COMPARABLE SALARY RATES FOR SIMILAR NON-PROFITS TO DETERMINE COMPENSATION FOR TOP MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S 1023 AND FORM 990 ARE STORED AT THE ORGANIZATION'S OFFICE AND ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO FILED ANNUALLY WITH THE VIRGINIA DEPARTMENT OF AGRICULTURE, OFFICE OF CONSUMER AFFAIRS, AND IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. IN ADDITION, THE GOVERNING DOCUMENTS ARE FILED ANNUALLY WITH THE VIRGINIA DEPARTMENT OF AGRICULTURE, OFFICE OF CONSUMER AFFAIRS, AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR SELECTION AND RETENTION OF INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR. PART XI, LINE 8 PRIOR PERIOD ADJUSTMENTS EFFECTIVE FOR THE FISCAL YEAR ENDED JUNE 30, 2021, THE ORGANIZATION VOLUNTARILY CHANGED THE METHOD OF CALCULATING THE DISCOUNT ON MORTGAGES RECEIVABLE HELD FOR SALE. PREVIOUSLY, MORTGAGES RECEIVABLE HELD FOR SALE WERE DISCOUNTED AT THE PREVAILING INTEREST RATE AT THE INCEPTION OF THE LOAN FOR THE TIME VALUE OF MONEY. LOANS TYPICALLY HAVE A TERM OF 30 YEARS. THE ORGANIZATION HAS ADOPTED A POLICY WHEREBY ALL MORTGAGES RECEIVABLE ARE SOLD WHEN PRACTICAL AFTER INCEPTION. THE TIMING OF THE SALE OF MORTGAGES IS BASED ON THE ORGANIZATION'S CASH NEEDS AND FAVORABILITY OF INTEREST RATES. MORTGAGES RECEIVABLE HELD FOR SALE ARE NOW RECORDED AT NET REALIZABLE VALUE, WHICH IS CALCULATED BY DISCOUNTING THE MORTGAGES BY 30% OF THE FACE VALUE OF THE LOAN. BY DISCOUNTING THE MORTGAGES BY 30% OF THE FACE VALUE, THE ORGANIZATION MORE ACCURATELY REPRESENTS THE DOLLAR AMOUNT OF CASH THE ORGANIZATION WILL RECEIVE IN PAYMENT FOR THE SALE OF THE LOAN. THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2020 CONTAINED AN ERROR. PARCELS OF LAND WERE SOLD AS PART OF SALES TO PARTNER FAMILIES BUT THE COST OF THE LAND WAS NOT REMOVED FROM THE ACCOUNTING RECORDS. AS A RESULT, LAND HELD FOR DEVELOPMENT AS LOTS FOR HOMEBUILDING AS OF JUNE 30, 2020 WAS OVERSTATED BY $173,691. BEGINNING-OF-YEAR NET ASSETS WITHOUT DONOR RESTRICTIONS HAVE BEEN REDUCED BY $173,691 TO CORRECT THE EFFECT OF THE ERROR. SUNRISE PARK LLC 919 WEST MAIN STREET CHARLOTTESVILLE VA 22903 541574925 CONSTRUCTION OF OPERATIONS OF SUNRISE PARK DEVELOPMENT VA 14365 837053 SOUTHWOOD CHARLOTTESVILLE LLC 919 WEST MAIN STREET CHARLOTTESVILLE VA 22903 541574925 OPERATE SOUTHWOOD TRAILER PARK UNTIL FUTURE REDEVELOPMENT VA 1119682 11079470 BELMONT COTTAGES LLC 919 WEST MAIN STREET CHARLOTTESVILLE VA 22903 541574925 CONSTRUCTION OF BELMONT COTTAGES DEVELOPMENT VA CREATIVE HOUSING OF GREATER CHARLOTTESVILLE INC 919 WEST MAIN STREET CHARLOTTESVILLE VA 22903 541574925 SUPPORT HABITAT FOR HUMANITY OF GREATER CHARLOTTESVILLE VA HABITAT 991 FIFTH STREET 919 WEST MAIN STREET CHARLOTTESVILLE VA 22903 541574925 CONSTRUCTION OF FIFTH STREET DEVELOPMENT VA HFHI NMTC LEVERAGE LENDER 2013-1 LLC 270 PEACHTREE STREET NW SUITE 1300 ATLANTA GA 30303 383945196 NEW MARKETS TAX CREDITS FACILIATION GA RELATED 1 14454 1447694 0 0 0.09370 990 SCHEDULE R, PART VI THE ORGANIZATION PARTICIPATES IN THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM. NMTC PROGRAMS WERE ESTABLISHED AS PART OF THE COMMUNITY RENEWAL TAX RELIEF ACT OF 2000. THE GOAL OF NMTC PROGRAMS IS TO SPUR REVITALIZATION EFFORTS IN LOW-INCOME AND IMPOVERISHED COMMUNITIES ACROSS THE UNITED STATES AND ITS TERRITORIES BY PROVIDING TAX CREDIT INCENTIVES TO INVESTORS IN CERTIFIED COMMUNITY DEVELOPMENT ENTITIES. THE TAX CREDIT FOR INVESTORS EQUALS 39% OF THE INVESTMENT, AND INVESTORS RECEIVED THE TAX CREDIT OVER A SEVEN YEAR PERIOD. A COMMUNITY DEVELOPMENT ENTITY (CDE) IS REQUIRED TO PARTICIPATE AND HAS THE PRIMARY MISSION OF PROVIDING FINANCING FOR REVITALIZATION PROJECTS IN LOW-INCOME COMMUNITIES. NMTC FINANCING ALLOWS ORGANIZATIONS SUCH AS HABITAT FOR HUMANITY AFFILIATES TO RECEIVE LOW-INTEREST LOANS OR INVESTMENT CAPITAL FROM CDES, PRIMARILY FINANCIAL INSTITUTIONS, WHICH ALLOW THEIR INVESTORS TO RECEIVE TAX CREDITS. AS A RESULT OF PARTICIPATION IN THE NMTC PROGRAM, THE ORGANIZATION RECEIVED A LOW-INTEREST LOAN. THE LOAN IS GUARANTEED BY HABITAT FOR HUMANITY INTERNATIONAL. THE LENDER PROVIDES ADMINISTRATIVE SUPPORT FOR THE NMTC PROGRAM ON BEHALF OF THE HABITAT AFFILIATES PARTICIPATING IN THE NMTC PROGRAM. IN CONNECTION WITH THE NMTC PROGRAM, THE ORGANIZATION AND EIGHT OTHER HABITAT AFFILIATES FORMED HFHI NMTC LEVERAGE LENDER 2013-1, LLC. HFHI NMTC LEVERAGE LENDER 2013-1, LLC IS A JOINT VENTURE THAT ALLOWS PARTICIPATING HABITAT AFFILIATES TO TAKE ADVANTAGE OF NMTC FINANCING. THE ORGANIZATION OWNS 9.37% OF HFHI NMTC LEVERAGE LENDER 2013-1, LLC, WHICH IT ACCOUNTS FOR USING THE EQUITY METHOD IN ORDER TO PRACTICE CONSISTENT REPORTING FOR THE INVESTMENTS.