2021-10-20T08:37:59-05:00 2020-06-30 263582184 CAIN BOURRET JARRY & CRESSMAN LLC 1175 MAMMOTH ROAD SUITE 2A DRACUT MA 01826 990 2019-07-01 042994233 HABITAT FOR HUMANITY GREATER BOSTON INC HABI 6174232223 240 COMMERCIAL STREET BOSTON MA 02109 JAMES KOSTARAS CEO/PRESIDENT 6174232223 2020-05-14 true STEVEN R BOURRET P00042047 9789571421 2021-10-19 2019 2022-09-23 18:48:47Z X JAMES KOSTARAS 240 COMMERCIAL STREET BOSTON MA 02109 2586511 false X WWW.HABITATBOSTON.ORG X 1987 MA TO BUILD HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES WITH VOLUNTEER LABOR, DONATED MATERIALS AND CHARITABLE GIFTS. HABITAT FOR HUMANITY GREATER BOSTON, INC. CONDUCTS HOMEOWNERSHIP CLASSES AND PROVIDES FAMILIES WITH 0% INTEREST LOANS, MAKING HOMEOWNERSHIP AFFORDABLE. 10 10 42 1732 0 2581368 820767 1721676 1328104 20175 20247 -33328 417393 4289891 2586511 0 0 1395338 1355996 0 381073 2563645 1314389 3958983 2670385 330908 -83874 10755324 10865967 3694525 3888693 7060799 6977274 X TO BUILD HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES WITH VOLUNTEER LABOR, DONATED MATERIALS AND CHARITABLE GIFTS. HABITAT FOR HUMANITY GREATER BOSTON, INC. CONDUCTS HOMEOWNERSHIP CLASSES AND PROVIDES FAMILIES WITH 0% INTEREST LOANS, MAKING HOMEOWNERSHIP AFFORDABLE. false false 222450 115500 FAMILY SERVICES - THE ORGANIZATION SUPPORTS LOW-INCOME FAMILIES TO BECOME AND REMAIN AS HOMEOWNERS IN THE GREATER BOSTON AREA. 962720 363600 PRE/POST CONVEYANCE EXPENSES - EACH HABITAT FAMILY HELPS BUILD THEIR HOME BY PROVIDING AT LEAST 300 HOURS OF "SWEAT EQUITY." WHEN THE HOME IS COMPLETE, HABITAT SELLS IT TO THE FAMILY FOR AN AFFORDABLE PRICE WHICH IS EQUAL TO OR LESS THAN THE FINAL ACCUMULATED DEVELOPMENT COST AND ALSO PROVIDES THE FAMILY WITH A NO-INTEREST MORTGAGE LOAN. THE ORGANIZATION IS RESPONSIBLE FOR RAISING FUNDS FOR ALL OF THEIR PROJECTS, ITS ANNUAL OPERATING BUDGET AND FOR "TITHING" 10% OF ITS UNRESTRICTED REVENUES TO HABITAT FOR HUMANITY INTERNATIONAL IN ORDER TO FUND THEIR OVERSEAS PROJECTS. 926991 849004 RESTORE OPERATIONS - IN 2011, THE ORGANIZATION OPENED UP ITS RESTORE. THE HABITAT RESTORE MODEL IS A RETAIL BUSINESS THAT ACCEPTS DONATIONS OF NEW AND GENTLY-USED BUILDING MATERIALS, FURNITURE, APPLIANCES AND HOUSEWARES AND RESELLS THEM TO THE GENERAL PUBLIC THROUGH A RETAIL STORE FRONT AND WAREHOUSE. THE HABITAT RESTORE HELPS TO PROTECT THE ENVIRONMENT BY KEEPING HUNDREDS OF TONS OF MATERIAL OUT OF OUR LANDFILLS, AND IN A TIGHT ECONONMY PROVIDES A LOW-COST OUTLET FOR HOME IMPROVEMENT MATERIALS TO BE USED BY INDIVIDUALS MAKING HOME RENOVATIONS AND IMPROVEMENTS IN A MORE AFFORDABLE MANNER. 2112161 true true false false false false false false false false true false true true true true true false false false false false false false true false false false false true false false false false false false false false false false false false false true false false false true 11 0 true 42 true false false false false false true true false false false false false false false false X 10 10 false false false false false false false true false false false true true true true true true true false true true MA X X X JAMES KOSTARAS 6174232223 240 COMMERCIAL STREET BOSTON MA 02109 LARK PALERMO PRESIDENT/CE 0.50 X 185500 0 0 JAMES KOSTARAS CEO/PRESIDEN 0.50 X 26923 0 0 MICHAEL E LIU AIA DIRECTOR 0.50 X 0 0 0 RODGER BROWN DIRECTOR 0.50 X 0 0 0 WILLIAM DISCHINO TREASURER 0.50 X X 0 0 0 JORDAN P KRASNOW ESQ DIRECTOR 0.50 X 0 0 0 MIKE FISH CLERK 0.50 X X 0 0 0 ROBERT E KENNEY CHAIR 0.50 X X 0 0 0 ANTHONY PAPANTONIS VICE CHAIR 0.50 X X 0 0 0 KURT SPRING DIRECTOR 0.50 X 0 0 0 KIMBERLY SHERMAN STAMLER DIRECTOR 0.50 X 0 0 0 CATHERINE THOMPSON DIRECTOR 0.50 X 0 0 0 212423 1 false true false 820767 820767 RESTORE SALES AND INCOME 849004 849004 TRANSFER TO HOMEOWNERS 363600 363600 AMORTIZATION OF MORTGAGE DISC 115500 115500 1328104 20247 20247 406399 406399 SOLAR RENEWAL ENERGY CREDIT 10670 10670 MISCELLANEOUS INCOME 324 324 10994 2586511 1339098 20247 216449 162337 15152 38960 925398 693309 67398 164691 117780 93102 7281 17397 96369 72439 6711 17219 11168 11168 35760 35760 117439 29017 88422 4358 2835 773 750 50970 24495 8153 18322 19080 11523 2299 5258 438389 399969 11444 26976 27870 19631 5814 2425 367 367 50127 50127 7545 7545 20846 20846 COST OF HOMES SOLD 150924 150924 MORTGAGE DISCOUNT EXPENSE 97245 97245 SITE CLEANING 75232 75232 DUES, SUBSCRIPTIONS, FEES 41593 41593 165476 159625 5198 653 2670385 2112161 177151 381073 853126 871170 24377 7542 406547 249208 5509621 5421257 248796 225047 131115 98163 109397 32952 1905806 1925054 1697654 2133737 10755324 10865967 258885 293372 3431798 3585732 3842 9589 3694525 3888693 X 6564099 6713821 496700 263453 7060799 6977274 10755324 10865967 X -83874 4500 19598 -23749 X false true X true false X 1845239 2190024 2462168 2581368 820767 9899566 1450053 1694970 1791156 1734059 1745497 8415735 3295292 3884994 4253324 4315427 2566264 18315301 18315301 20979 20719 43686 20175 20247 125806 20979 20719 43686 20175 20247 125806 3316271 3905713 4297010 4335602 2586511 18441107 0.99320 0.99260 0.01000 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73400 73400 49714 22524 27190 35831 34355 1476 45570 41284 4286 106352 NEW MARKETS TAX CREDIT 1925054 C 1925054 CONSTRUCTION IN PROGRESS 1954313 NMTC CLOSING COSTS, NET 101007 SECURITY DEPOSITS 60628 LOAN ESCROW 13720 NMTC AUDIT AND TAX FEE RESERVE 4069 2133737 AGENCY ACCOUNTS 9589 9589 X 3501115 65600 849004 914604 2586511 2586511 3604238 61100 872753 933853 2670385 2670385 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 830 CMR 63.38T.1 OF MASSACHUSETTS GENERAL LAWS. SINCE THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX LIABILITY, NO PROVISION IS MADE FOR CURRENT OR DEFERRED INCOME TAX EXPENSES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION. ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL OR STATE INCOME TAX. THE ORGANIZATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE IN FASB ASC TOPIC 740, INCOME TAXES. MANAGEMENT IS NOT AWARE OF ANY TRANSACTIONS THAT WOULD NEGATIVELY IMPACT THE ORGANIZATION'S TAX-EXEMPT STATUS. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION WOULD BE RECORDED IN OPERATING EXPENSES FOR THE YEAR. NO INTEREST OR PENALTIES FROM ANY TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D RESTORE IN-KIND DONATIONS 849,004 SCHEDULE D, PAGE 4, PART XII, LINE 2D RESTORE IN-KIND COST OF GOODS 872,753 AMERICAN DREAMS 214065 214065 SPECIAL EVENTS 192334 192334 406399 406399 406399 false false false false false false false false false LARK PALERMO PRESIDENT/CEO 185500 185500 FORM 990, PAGE 1, ITEM B ADDITIONAL INFORMATION WAS RECEIVED AFTER ORIGINAL TAX RETURN WAS FILED. FORM 990 - ORGANIZATION'S MISSION TO BUILD HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES WITH VOLUNTEER LABOR, DONATED MATERIALS AND CHARITABLE GIFTS. HABITAT FOR HUMANITY GREATER BOSTON, INC. CONDUCTS HOMEOWNERSHIP CLASSES AND PROVIDES FAMILIES WITH 0% INTEREST LOANS, MAKING HOMEOWNERSHIP AFFORDABLE. FORM 990, PAGE 6, PART VI, LINE 8B NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B FORM IS REVIEWED BY PRESIDENT AND COPY IS PROVIDED TO BOARD'S EXECUTIVE COMMITTEE PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION BOARD OF DIRECTORS MUST APPROVE ALL CONFLICTS PRIOR TO ACTIVITY. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT/CEO ANNUALLY. COMPENSATION BASED ON COMPARABLE DATA IN JULY 2014. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE AT THE MASSACHUSETTS SECRETARY OF STATE WEBSITE OR UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9 RESTORE IN-KIND DONATIONS 849,004 RESTORE IN-KIND COST OF GOODS -872,753 TOTAL -23,749 HFH NORTHEAST 1 LEVERAGE LENDER LLC 270 PEACTREE STREET NW STE 1300 ATLANTA GA 30303 464105724 HOME SALES GA N/A false false 0.33930 true false false false false false false false false false false false false false false false false false false HFH NORTHEAST 1 LEVERAGE LENDER LLC A CASH RECEIVED