2013-05-15T08:35:18-05:00 2012-06-30 SANDBERG & CREEDEN PC 331 PAGE ST STE 2 STOUGHTON MA 020721172 990 2011-07-01 042994233 HABITAT FOR HUMANITY GREATER BOSTON INC HABI 6174232223 240 COMMERCIAL STREET BOSTON MA 02109 LARK PALERMO 6174232223 2013-05-10 true THERESA J CREEDEN 7813440850 2013-05-15 2011 2016-02-24 21:20:13Z LARK PALERMO 240 COMMERCIAL STREET BOSTON MA 02109 2813882 false X WWW.HABITATBOSTON.ORG X 1987 MA THE ORGANIZATION HELPS LOW-INCOME FAMILIES BY BUILDING HOMES WITH VOLUNTEER LABOR, DONATED MATERIALS, AND CHARITABLE CONTRIBUTIONS. HABITAT CONDUCTS HOMEOWNERSHIP EDUCATION CLASSES AND SELLS ITS HOMES AT NO PROFIT. HABITAT ALSO PROVIDES AFFORDABLE NO-INTEREST FINANCING TO ELIGIBLE LOW-INCOME FAMILIES. 11 10 20 3000 0 1850456 2092979 0 703 10403 347825 673982 2198984 2777364 0 0 775489 838482 0 250634 1792142 2111589 2567631 2950071 -368647 -172707 8838826 8698572 1530968 1562645 7307858 7135927 X THE ORGANIZATION HELPS LOW-INCOME FAMILIES BY BUILDING HOMES WITH VOLUNTEER LABOR, DONATED MATERIALS, AND CHARITABLE CONTRIBUTIONS. HABITAT CONDUCTS HOMEOWNERSHIP EDUCATION CLASSES AND SELLS ITS HOMES AT NO PROFIT. HABITAT ALSO PROVIDES AFFORDABLE NO-INTEREST FINANCING TO ELIGIBLE LOW-INCOME FAMILIES. false false 149705 THE ORGANIZATION SELECTS ELIGIBLE FAMILIES BASED ON THEIR LEVEL OF NEED, WILLINGNESS TO BECOME PARTNERS IN THE PROGRAM AND ABILITY TO REPAY THE NO- INTEREST LOAN. THE ORGANIZATION CONDUCTS TRAINING FOR SELECTED FAMILIES IN HOMEOWNERSHIP MATTERS, INCLUDING FINANCIAL LITERACY AND CREDIT. THE ORGANIZATION'S STAFF COUNSELS HABITAT FAMILIES ON CREDIT AND OTHER HOMEOWNERSHIP ISSUES THROUGHOUT THE TERM OF THEIR LOAN (TYPICALLY 20 YEARS). 1805290 THE ORGANIZATION OBTAINS BUILDING SITES AND DESIGNS AND BUILDS DECENT AND AFFORDABLE HOMES IN PARTNERSHIP WITH SELECTED LOW-INCOME FAMILIES AND VOLUNTEERS. 499681 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 STOREFRONT WAREHOUSE. RESTORES HELP TO PROTECT THE ENVIRONMENT BY KEEPING HUNDREDS OF TONS OF MATERIALS OUT OF OUR LANDFILLS AND IN THIS TIGHT ECONOMY THEY PROVIDE A LOW-COST OUTLET FOR HOME IMPROVEMENTS MATERIALS MAKING HOME RENOVATIONS AND IMPROVEMENTS MORE AFFORDABLE. 2454676 true true false false false false false false false false true false false false true false true false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false false true 2 0 true 20 true false false false false true true true true false false false false false false X 11 10 false false false false false false false true true false false true true true true true true true true false MA X X X CORPORATION 6174232223 240 COMMERCIAL BOSTON MA 02109 LARK PALERMO 40.00 X X 132918 0 5577 MAHMOOD MALIHI 1.00 X 0 0 0 JAMES KIRBY 5.00 X X 0 0 0 JAMES DEVER III 1.00 X 0 0 0 SUANNE STCHARLES 5.00 X X 0 0 0 JEFFREY N CARP 1.00 X 0 0 0 HOWARD WAYNE 1.00 X 0 0 0 MICHAEL LIU 1.00 X 0 0 0 SUSAN WINSTON LEFF 5.00 X X 0 0 0 WILLIAM DISCHINO 5.00 X X 0 0 0 KATHRYN E WEST 1.00 X 0 0 0 132918 5577 1 false false false 207200 1885779 377691 2092979 10403 10403 10500 207200 36518 -26018 -26018 SALE OF RESIDENTIAL UNITS 700000 700000 700000 2777364 684385 155000 62000 62000 31000 546723 439118 11042 96563 72023 48816 1640 21567 64736 47146 5966 11624 14069 14069 142707 51036 81707 9964 6684 6259 105 320 91967 33303 8384 50280 14961 11467 1250 2244 271712 241287 12963 17462 45898 34710 4382 6806 43955 43955 40936 4425 34222 2289 13429 6398 7031 COSTS OF HOMES SOLD 1144255 1144255 COST OF GOODS SOLD 229661 229661 TITHE EXPENSE 38295 38295 SITE CLEANING AND DISPOSA 10779 10779 2281 1766 515 2950071 2454676 244761 250634 353917 132811 520214 402106 5130775 5579234 51913 41259 2589737 91167 2737415 2498570 44592 44592 8838826 8698572 98158 165866 1426485 1376094 6325 20685 1530968 1562645 X 6809526 6837801 498332 298126 7307858 7135927 8838826 8698572 -172707 776 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 90000 90000 2195831 2195831 229289 48004 181285 52117 41132 10985 22500 2031 20469 2498570 DEPOSITS 10685 OPTION PAYMENT 10000 20685 2777364 2950071 -172707 776 776 -171931 2961912 148030 36518 184548 2777364 2777364 3133843 148030 36518 184548 2949295 776 776 2950071 RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 SPECIAL EVENT EXPENSES 36,518 SPECIAL EVENT EXPENSES -36,518 BOOK / TAX DEPRECIATION DIFFERENCE 776 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENT EXPENSES 36,518 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D SPECIAL EVENT EXPENSES 36,518 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 776 AMERICAN DREAM 217700 207200 10500 36518 217700 207200 10500 36518 36518 -26018 X RESTORE CGS 1 229661 SALES PROCEEDS X HOME CONSTRUCT 1 148030 ESTIMATED MARKET VALUE false false false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION HELPS LOW-INCOME FAMILIES BY BUILDING HOMES WITH VOLUNTEER LABOR, DONATED MATERIALS, AND CHARITABLE CONTRIBUTIONS. HABITAT CONDUCTS HOMEOWNERSHIP EDUCATION CLASSES AND SELLS ITS HOMES AT NO PROFIT. HABITAT ALSO PROVIDES AFFORDABLE NO-INTEREST FINANCING TO ELIGIBLE LOW-INCOME FAMILIES. EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 THE ORGANIZATION HELPS LOW-INCOME FAMILIES BY BUILDING HOMES WITH VOLUNTEER LABOR. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B FORM REVIEWED BY MEMBERS OF THE BOARD'S EXECUTIVE COMMITTEE. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION BOARD OF DIRECTORS MUST APPROVE ALL CONFLICTS PRIOR TO ACTIVITY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT AND CEO ANNUALLY. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B PRESIDENT/CEO IS THE ONLY EXECUTIVE COMPENSATION. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE AT THE MA SECRETARY OF STATE WEBSITE OR UPON REQUEST.