2016-05-16T18:04:05-05:00 2015-06-30 043097400 KEVIN P MARTIN ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2014-07-01 042994233 HABITAT FOR HUMANITY GREATER BOSTON INC HABI 6174232223 240 COMMERCIAL STREET BOSTON MA 02109 LARK PALERMO PRESIDENT 6174232223 2016-05-16 1 THERESA J CREEDEN P00747568 7813803520 2016-05-16 2014 2016-08-17 19:52:53Z LARK PALERMO 240 COMMERCIAL STREET BOSTON MA 02109 2871650 0 8545 X WWW.HABITATBOSTON.ORG X 1987 MA TO BUILD HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES WITH VOLUNTEER LABOR, DONATED MATERIALS AND CHARITABLE GIFTS. 13 12 0 3000 0 0 1623676 1820597 1344046 1005486 8510 32967 -17071 -19068 2959161 2839982 0 0 0 0 895861 867588 0 0 178814 2178763 1891263 3074624 2758851 -115463 81131 12009944 11870748 3895514 3675187 8114430 8195561 HABITAT BUILDS HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES USING VOLUNTEER LABOR, DONATED MATERIALS AND CHARITABLE GIFTS. IT CONDUCTS HOMEOWNERSHIP CLASSES AND PROVIDES FAMILIES WITH 0% INTEREST LOANS, MAKING HOMEOWNERSHIP AFFORDABLE. 0 0 198125 FAMILY SERVICESSUPPORT OF LOW-INOCME FAMILIES TO BECOME AND REMAIN AS HOMEOWNERS IN THE GREATER BOSTON AREA. 1385386 600000 PRE/POST CONVEYANCE EXPENSESEACH 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 ITS PROJECTS, ITS ANNUAL OPERATING BUDGET AND FOR "TITHING" 10% OF ITS UNRESTRICTED REVENUES TO HFHI PROJECTS OVERSEAS. 805073 405486 RESTORE: IN 2011, THE ORGANIZATION OPENED UP THE HABITAT 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 RESTORES HELP TO PROTECT THE ENVIRONMENT BY KEEPING HUNDREDS OF TONS OF MATERIAL OUT OF OUR LANDFILLS AND IN THIS TIGHT ECONOMY THEY PROVIDE A LOW-COST OUTLET FOR HOME IMPROVEMENT MATERIALS MAKING HOME RENOVATIONS AND IMPROVEMENTS MORE AFFORDABLE. 2388584 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X THE ORGANIZATION 6174232223 240 COMMERCIAL BOSTON MA 02109 SUANNE ST CHARLES CHAIR 1.00 X X 0 0 0 SUSAN WINSTON LEFF VICE CHAIR 1.00 X X 0 0 0 WILLIAM DISCHINO TREASURER 1.00 X X 0 0 0 ROBERT E KENNEY CLERK 1.00 X X 0 0 0 MIKE FISH DIRECTOR 1.00 X 0 0 0 JAMES KIRBY DIRECTOR 1.00 X 0 0 0 JORDON KRASNOW DIRECTOR 1.00 X 0 0 0 MICHAEL LIU DIRECTOR 1.00 X 0 0 0 GISELA LOPIANO DIRECTOR 5.00 X 0 0 0 MAHMOOD MALIHI DIRECTOR 5.00 X 0 0 0 ANTHONY PAPANTONIS DIRECTOR 1.00 X 0 0 0 HOWARD WAYNE DIRECTOR 1.00 X 0 0 0 LARK PALERMO PRES/CEO 40.00 X 157500 0 7321 157500 0 7321 1 0 1 0 0 218258 1602339 477731 1820597 TRANSFERS TO HOMEOWNER 453310 600000 600000 RESTORE STORE 531390 405486 405486 1005486 32967 32967 12600 218258 31668 -19068 -19068 2839982 1005486 0 13899 167321 92027 41830 33464 585904 492929 46861 46114 42430 34720 3965 3745 71933 56024 8376 7533 2080 65 2015 38918 38918 52439 12546 11403 28490 1393 1131 262 104712 61308 14015 29389 276390 251242 10135 15013 51465 46193 3384 1888 8696 6741 1955 56595 56595 51192 35483 4486 11223 17542 11739 5803 COST OF HOMES SOLD 554241 554241 COST OF DONATED - RESTO 405486 405486 AMORTIZATION OF MORTGAG 234204 234204 TITHE EXPENSE 28559 28559 7351 7351 2758851 2388584 191453 178814 -1 1262797 1195074 57878 117628 895 7183198 7203909 20937 11190 3308627 209916 3219859 3098711 265275 243342 12009944 11870748 136625 129027 3744164 3534763 14725 11397 3895514 3675187 X 8039430 8091561 75000 104000 8114430 8195561 12009944 11870748 81131 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3004721 3004721 229289 142048 87241 52117 52117 0 22500 15751 6749 3098711 DEPOSITS 3397 LAND DEPOSIT 8000 11397 X 2782282 144836 -202536 -57700 2839982 0 2839982 2701151 144836 31668 176504 2524647 234204 234204 2758851 PART X, LINE 2: U.S. GAAP PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDED JUNE 30, 2015, THE ORGANIZATION HAS DETERMINED THAT IT HAS NOT TAKEN ANY TAX POSITIONS WHICH WOULD RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 31,668. AMORTIZATION OF MORTGAGE INEREST -234,204. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 31,668. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION OF MORTGAGE INTEREST 234,204. AMERICAN DREAM BREAKFAST 222967 210367 12600 31668 OTHER EVENTS 7891 7891 230858 218258 12600 31668 31668 -19068 1 X X X 0 0 0 0 0 0 0 0 0 LARK PALERMO PRES/CEO 157500 0 0 0 0 0 0 0 7321 0 164821 0 0 0 X HOUSEHOLD ITEMS 1500 405486 ERSALE COLLECTIONS X PROFESSIONAL SERVICES CAPITALIZED 1 72245 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM REVIEWED BY PRESIDENT AND COPY PROVIDED TO BOARD'S EXECUTIVE COMMITTEE PRIOR TO SUBMISSION FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION BOARD OF DIRECTORS MUST APPROVE ALL CONFLICTS PRIOR TO ACTIVITY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT, CEO, AND ALL SENIOR STAFF ANNUALLY. COMPENSATION BASED ON COMPARABLE DATA IN FROM JULY 2014. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE AT THE MA SECRETARY OF STATE WEBSITE OR UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM PRIOR YEAR