Hancock County Habitat for Humanity

“Delegation of authority. As outlined more fully in the organization's bylaws and except as prohibited or limited in the bylaws, the "executive committee may exercise the authority of the board of directors at such times as the board is not in session. In addition, the executive committee shall perform the functions described below: (a) finance and budget functions (b) human resources functions (c) strategic and long range planning functions”

“Company bylaws were updated in regards to check signing procedures and authority.”

“Form 990 is reviewed by the board of directors as a whole prior to submission.”

“Board members, committee members and employees are required to complete a conflict of interest form and to review organizational policy annually. Immediate disclosure of actual or potential conflicts of interest is an essential obligation as outlined in the policy. Board members and officers must review and sign an annual conflict of interest disclosure questionnaire, and new employees must do so upon hire.”

“Compensation for top management offical(s) is based on comparable data pulled from the most recent maine association of nonprofits (manp) salary survey, other information from the geographical area, as well as from the most recent salary survey provided by habitat for humanity international. The executive director utilizes these same sources to determine compensation for restore and construction staff members. The board of directors approves all emplyees' compensation figures during the organization's annual budgeting process.”

“Governing documents and conflict of interest policy are available upon written request or in person at the office. Hancock county habitat for humanity's most recent financial statements are available on the organization's website, on guidestar, or upon request.”

“Statement of revenue, part viii, line 3 - investment income: now includes imputed interest and program service & late fees previously tracked separately under line 2a & b, based on cpa's reinterpretation of the irs instructions pertaining to line 3. This same 18,154 figure now also appears as a higher on schedule a's column (e)/2019, line 10a - gross income from interest”

“Construction and sale of houses to economically disadvantaged individuals and families who qualify for the program based on the criteria of need (including falling between 30-80% of the ami), willingness to partner, and the ability to pay a monthly mortgage (including escrow for taxes and insurance). Through monetary and in-kind donations, volunteer labor, and each homeowner's "sweat equity," we construct market-quality homes which are then financed through affordable mortgage loan(s). Since our founding in 1989, we have completed the construction of 18 new homes, 3 house rehabs/renos, the demolition of 2 blighted properties, and have nearly completed construction of a 19th new home project. Hancock co. Habitat has an open door policy and is pledged to the letter and spirit of u.s. Policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, nation origin, age, marital status, sexual orientation, gender identity, or sources of income. We are in compliance with the fair housing act and the equal credit opportunity act. Direct construction expenses are not reflected in the accomplishments section of the 990, as they have already been properly moved over to the balance sheet to increase the value of the asset (home) under construction. In fy20, despite typical winter work slow-down and later covid impacts, the organization spent just over 37,000 on their current project.”

“Opened in 2009, the restore in a non-profit home improvement store and donation center that sells new and gently used furnishings, appliances, and building materials to the public at a fraction of the retail cost. Materials sold by the restore are donated by individuals, manufacturers, contractors and area businesses, thereby diverting an estimated 65-100+ tons of usable materials from the waste stream annually. Not being immune to the challenges which other small business face in this economy, as we approached our 11th year, with expenses rising and in-demand donated inventory unpredictable, the affiliate's board of directors reached a consensus to close the restore, relocate our business office, and redirect our energies in new ways to accomplish our core mission of helping our neighbors improve their living conditions. Closed restore two months into fy20 due to low gross revenue. Expenses this year were much higher than revenue due to severance paid to staff.”

“OTHER EXPENSES”