2019-05-08T10:08:40-05:00 2018-06-30 263582184 CAIN BOURRET JARRY & ASSOCIATES LLC 1595 LAKEVIEW AVENUE DRACUT MA 01826 990 2017-07-01 042994233 HABITAT FOR HUMANITY GREATER BOSTON INC HABI 6174232223 240 COMMERCIAL STREET BOSTON MA 02109 LARK PALERMO PRESIDENT/CEO 6174232223 2018-05-07 true STEVEN R BOURRET P00042047 9789571421 2019-05-08 74.92.34.217 2019-05-08 10:08:40 CD P C5AFF1B60B085D06AA23E983F73DC0F482466BDB 8DE0C35A538F368E5568B8A99698F83A5DA48EAA 2017 2019-02-21 02:37:17Z LARK PALERMO 240 COMMERCIAL STREET BOSTON MA 02109 4297010 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 46 3500 0 2190024 2462168 1660382 1754253 -22423 43686 778 -10422 3828761 4249685 0 0 1215111 1167111 0 330658 2651665 1853592 3866776 3020703 -38015 1228982 9633747 9891758 3378836 3226130 6254911 6665628 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 385821 103488 FAMILY SERVICES - THE ORGANIZATION SUPPORTS LOW-INCOME FAMILIES TO BECOME AND REMAIN AS HOMEOWNERS IN THE GREATER BOSTON AREA. 1250933 650000 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. 894030 1000765 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. 2530784 true true false false false false false false false false true false true false true true true false false false false false false false true false false false false true false false false false false false false false true false false false false true false false false true 16 0 true 46 true false false false false false true true false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true false true true MA X X X LARK PALERMO 6174232223 240 COMMERCIAL STREET BOSTON MA 02109 X SUSAN WINSTON LEFF FORMER CHAIR 1.00 X X 0 0 0 ROBERT E KENNEY CHAIR 1.00 X X 0 0 0 ANTHONY PAPANTONIS VICE CHAIR 1.00 X X 0 0 0 WILLIAM DISCHINO TREASURER 1.00 X X 0 0 0 MIKE FISH CLERK 1.00 X X 0 0 0 JORDAN P KRASNOW ESQ DIRECTOR 1.00 X 0 0 0 MICHAEL E LIU AIA DIRECTOR 1.00 X 0 0 0 KIMBERLY SHERMAN STAMLER DIRECTOR 1.00 X 0 0 0 RODGER BROWN DIRECTOR 1.00 X 0 0 0 CATHERINE THOMPSON DIRECTOR 1.00 X 0 0 0 LARK PALERMO PRESIDENT/CE 40.00 X 179846 0 9146 179846 9146 1 false true false 336686 2125482 1000765 2462168 RESTORE SALES AND INCOME 1000765 1000765 TRANSFER TO HOMEOWNERS 650000 650000 AMORTIZATION OF MORTGAGE DISC 103488 103488 1754253 43686 43686 24706 336686 47325 -22619 SOLAR RENEWAL ENERGY CREDIT 12197 12197 12197 4249685 1766450 43686 179846 80931 44962 53953 838887 656333 41119 141435 59399 47014 3010 9375 88979 64742 7392 16845 31438 31438 105368 56168 49200 6311 5891 420 55871 19420 11642 24809 12383 7960 1382 3041 398787 365025 10504 23258 42903 36278 1777 4848 2643 1229 54 1360 43330 43330 3917 3917 15523 15523 COST OF HOMES SOLD 640970 640970 MORTGAGE DISCOUNT EXPENSE 195271 195271 CLEANING AND DISPOSAL 63439 63439 VEHICLE EXPENSES 46745 46745 188693 180598 5981 2114 3020703 2530784 159261 330658 690927 940396 26106 13735 373564 228080 5396121 5623171 179238 238424 400 938 781954 83288 797109 698666 1925054 1925054 245228 223294 9633747 9891758 152485 124402 3224129 3099911 2222 1817 3378836 3226130 X 5978511 6411828 276400 253800 6254911 6665628 9633747 9891758 1228982 -898436 83584 -3413 X false true X true false X 1623676 1820597 1845239 2190024 2462168 9941704 1344046 1005486 1450053 1694970 1791156 7285711 2967722 2826083 3295292 3884994 4253324 17227415 17227415 8510 32967 20979 20719 43686 126861 8510 32967 20979 20719 43686 126861 2976232 2859050 3316271 3905713 4297010 17354276 0.99270 0.99480 0.01000 0.01000 X 73400 73400 581939 581939 56047 56047 70568 27241 43327 698666 NEW MARKETS TAX CREDIT 1925054 C 1925054 AGENCY ACCOUNTS 1817 1817 X 4559912 310227 310227 4249685 4249685 4232779 1208663 3413 1212076 3020703 3020703 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 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. THE ORGANIZATION'S FEDERAL TAX RETURNS AND STATE REPORTS FOR THE YEARS ENDED JUNE 30, 2016 THROUGH JUNE 30, 2018 (OPEN YEARS) ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK / TAX DEPRECIATION DIFFERENCE 3,413 AMERICAN DREAMS 340018 321608 18410 35084 9380 SPECIAL EVENTS 21374 15078 6296 2861 361392 336686 24706 35084 12241 47325 -22619 false false false false false false false false false LARK PALERMO PRESIDENT/CEO 179846 9146 188992 X DONATED GOODS 122392 1000765 false false false 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 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 BOOK / TAX DEPRECIATION DIFFERENCE -3,413 HFH NORTHEAST 1 LEVERAGE LENDER LLC 270 PEACTREE STREET NW STE 1300 ATLANTA GA 30303 464105724 HOME SALES GA N/A false false 0.33940 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 19248 CASH RECEIVED