2018-05-14T14:09:48-04:00 2017-06-30 263582184 CAIN BOURRET JARRY & ASSOCIATES LLC 1595 LAKEVIEW AVENUE DRACUT MA 01826 990 2016-07-01 042994233 HABITAT FOR HUMANITY GREATER BOSTON INC HABI 6174232223 240 COMMERCIAL STREET BOSTON MA 02109 LARK PALERMO PRESIDENT/CEO 6174232223 2017-05-14 true STEVEN R BOURRET P00042047 9789571421 2018-05-14 2016 2022-09-23 18:48:47Z LARK PALERMO 240 COMMERCIAL STREET BOSTON MA 02109 3905713 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. 13 12 37 3500 0 1845239 2190024 1413768 1660382 20979 -22423 3556 778 3283542 3828761 0 0 1094063 1215111 0 329175 2144689 2651665 3238752 3866776 44790 -38015 9698003 9633747 3482697 3378836 6215306 6254911 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 479026 92456 FAMILY SERVICES SUPPORT OF LOW-INCOME FAMILIES TO BECOME AND REMAIN AS HOMEOWNERS IN THE GREATER BOSTON AREA. 1455349 900000 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 PROJECTS OVERSEAS. 1434217 667926 RESTORE IN 2011, THE ORGANIZATION OPENED UP ITS RESTORE. THE HABITAT RESTORE 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 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 MAKING HOME RENOVATIONS AND IMPROVEMENTS MORE AFFORDABLE. 3368592 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 false false false false true 12 0 true 37 true false false false false false true true false false false false false false X 13 12 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 CHAIR 1.00 X X 0 0 0 ROBERT E KENNEY VICE CHAIR 1.00 X X 0 0 0 WILLIAM DISCHINO TREASURER 1.00 X X 0 0 0 ANTHONY PAPANTONIS CLERK 1.00 X X 0 0 0 MIKE FISH DIRECTOR 1.00 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 MAHMOOD MALIHI 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 GISELA LOPIANO DIRECTOR 1.00 X 0 0 0 CATHERINE THOMPSON DIRECTOR 1.00 X 0 0 0 LARK PALERMO PRESIDENT/CE 40.00 X 164000 0 7621 164000 7621 1 false true false 273056 1916968 667926 2190024 TRANSFER TO HOMEOWNERS 900000 900000 RESTORE SALES AND INCOME 667926 667926 AMORTIZATION OF MORTGAGE DISC 92456 92456 1660382 20719 20719 43142 -43142 -43142 -43142 20138 273056 33810 -13672 SOLAR RENEWAL ENERGY CREDIT 9798 9798 MISCELLANEOUS INCOME 4652 4652 14450 3828761 1631690 20719 164000 73800 41000 49200 883792 719951 37728 126113 73834 56262 5475 12097 93485 70799 7021 15665 1870 70 1800 42245 42245 101656 30871 4452 66333 2407 2317 90 45937 14786 9028 22123 11720 7367 1577 2776 373662 340559 10299 22804 43091 32747 2637 7707 2990 1442 127 1421 46854 46854 44078 44078 12133 12133 COST OF HOMES SOLD 718426 718426 COST OF DONATED - RESTORE 640382 640382 MORTGAGE DISCOUNT EXPENSE 282801 282801 TITHE EXPENSE 41122 41122 240291 231825 5530 2936 3866776 3368592 169009 329175 924674 690927 31422 26106 236203 373564 359 5101499 5396121 151695 179238 3847 400 873067 75958 1101844 797109 1925054 1925054 221406 245228 9698003 9633747 112172 152485 3367949 3224129 2576 2222 3482697 3378836 X 6215306 5978511 276400 6215306 6254911 9698003 9633747 -38015 52157 25463 X false true X true false X 2313291 1623676 1820597 1845239 2190024 9792827 1550630 1344046 1005486 1450053 1694970 7045185 3863921 2967722 2826083 3295292 3884994 16838012 16838012 5140 8510 32967 20979 20719 88315 5140 8510 32967 20979 20719 88315 3869061 2976232 2859050 3316271 3905713 16926327 0.99480 0.99500 0.01000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73400 73400 673052 673052 56047 56047 70568 19911 50657 797109 NEW MARKETS TAX CREDIT 1925054 C 1925054 AGENCY ACCOUNTS 2222 2222 X 3982076 153315 153315 3828761 3828761 3942471 101158 101158 3841313 25463 25463 3866776 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, 2015 THROUGH JUNE 30, 2017 (OPEN YEARS) ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 25,463 AMERICAN DREAMS 281094 267460 13634 31200 SPECIAL EVENTS 12100 5596 6504 2610 293194 273056 20138 33810 33810 -13672 false false false false false false false false false LARK PALERMO PRESIDENT/CEO 164000 7621 171621 X DONATED GOODS 1 667926 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 25,463