Civic Intelligence

Habitat for Humanity North Central

EIN 04-2999854 • 501(c)3 • Leominster, MA

Profile

Seeking to put god's love into action, habitat for humanity brings people together to build homes, comminities and hope to realize our vision of a world where everyone has a decent place to live, habitat for humanity north central adheres to a strict non-proselytizing policy and will not offer assistance on the expressed or implied condition that people must adhere to or convert to a particular faith or listen and respond to messaging designed to induce conversion to a particular faith.

3 Park Street Suite 203Leominster, MA 01453

www.ncmhabitat.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.10x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.15x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

81st percentile

24%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,890,654

Up $566,642 (+24%) from 2023

Liabilities

Up

$287,988

Up $20,364 (+7.6%) from 2023

Net Assets

Up

$2,602,666

Up $546,278 (+27%) from 2023

Revenue

Down

$1,889,225

Down $280,942 (-13%) from 2023

Expenses

Down

$1,342,947

Down $1,101,850 (-45%) from 2023

Net Income

Up

$546,278

Up $820,908 (+299%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,017,727Liabilities 2010: $38,137Net Assets 2010: $979,5902010Assets 2011: $1,045,858Liabilities 2011: $109,447Net Assets 2011: $936,4112011Assets 2012: $1,185,761Liabilities 2012: $174,624Net Assets 2012: $1,011,1372012Assets 2013: $1,115,008Liabilities 2013: $302,610Net Assets 2013: $812,3982013Assets 2014: $1,100,516Liabilities 2014: $384,626Net Assets 2014: $715,8902014Assets 2015: $1,277,231Liabilities 2015: $311,379Net Assets 2015: $965,8522015Assets 2016: $1,368,354Liabilities 2016: $154,695Net Assets 2016: $1,213,6592016Assets 2017: $1,568,308Liabilities 2017: $175,090Net Assets 2017: $1,393,2182017Assets 2018: $2,065,651Liabilities 2018: $99,993Net Assets 2018: $1,965,6582018Assets 2019: $1,957,776Liabilities 2019: $57,147Net Assets 2019: $1,900,6292019Assets 2020: $2,102,023Liabilities 2020: $254,370Net Assets 2020: $1,847,6532020Assets 2021: $2,442,821Liabilities 2021: $95,965Net Assets 2021: $2,346,8562021Assets 2022: $3,032,022Liabilities 2022: $96,743Net Assets 2022: $2,935,2792022Assets 2023: $2,324,012Liabilities 2023: $267,624Net Assets 2023: $2,056,3882023Assets 2024: $2,890,654Liabilities 2024: $287,988Net Assets 2024: $2,602,6662024

Highlighted filing

2024

Assets$2,890,654
Liabilities$287,988
Net Assets$2,602,666

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $334,416Expenses 2010: $344,228Net Income 2010: -$9,8122010Expenses 2011: $623,0332011Expenses 2012: $707,7292012Revenue 2013: $799,889Expenses 2013: $868,060Net Income 2013: -$68,1712013Revenue 2014: $1,170,437Expenses 2014: $1,266,945Net Income 2014: -$96,5082014Revenue 2015: $1,122,447Expenses 2015: $872,485Net Income 2015: $249,9622015Revenue 2016: $1,002,670Expenses 2016: $846,617Net Income 2016: $156,0532016Revenue 2017: $1,257,816Expenses 2017: $1,091,774Net Income 2017: $166,0422017Revenue 2018: $1,520,048Expenses 2018: $926,229Net Income 2018: $593,8192018Revenue 2019: $1,268,418Expenses 2019: $1,302,467Net Income 2019: -$34,0492019Revenue 2020: $804,863Expenses 2020: $805,843Net Income 2020: -$9802020Revenue 2021: $1,635,647Expenses 2021: $1,139,101Net Income 2021: $496,5462021Revenue 2022: $1,870,114Expenses 2022: $1,475,816Net Income 2022: $394,2982022Revenue 2023: $2,170,167Expenses 2023: $2,444,797Net Income 2023: -$274,6302023Revenue 2024: $1,889,225Expenses 2024: $1,342,947Net Income 2024: $546,2782024

Highlighted filing

2024

Revenue$1,889,225
Expenses$1,342,947
Net Income$546,278

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.89$0.29$2.60$1.89$1.34$0.55
2023Detailed filing. Detailed filing data is available for this year.$2.32$0.27$2.06$2.17$2.44$0.27
2022Detailed filing. Detailed filing data is available for this year.$3.03$0.10$2.94$1.87$1.48$0.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.10$2.35$1.64$1.14$0.50
2020Detailed filing. Detailed filing data is available for this year.$2.10$0.25$1.85$0.80$0.81$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.96$0.06$1.90$1.27$1.30$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.07$0.10$1.97$1.52$0.93$0.59
2017Detailed filing. Detailed filing data is available for this year.$1.57$0.18$1.39$1.26$1.09$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.37$0.15$1.21$1.00$0.85$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.31$0.97$1.12$0.87$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.38$0.72$1.17$1.27$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.30$0.81$0.80$0.87$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.17$1.01$0.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.11$0.94$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.04$0.98$0.33$0.34$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 5, 2024
Return Version
2023v5.0
Gross Receipts
$2,334,748
Mission and Program Overview

Mission

To strengthen families and communities through affordable home ownership. We accomplish this through two avenues - building new affordable homes and performing critical repairs on owner occupied homes in order to allow families to continue to live in their current homes.

Habitat for humanity is a non-profit housing ministry that seeks to be a partner and catalyst in building communities where everyone has the opportunity to thrive. We believe our model of service capital, not charity, co-workers and not case workers provides a strength-based approach that enhances the capabilities of families, encouraging them to draw on their own self determination and strengths. We believe that families who invest in themselves through financial education and sweat equity in the construction of their own homes transform their lives and the lives of their children for the better. Our families are required to invest 200-350 hours of sweat equity into habitat programs. The owner and families are also required to complete certain homeownership readiness classes before purchasing their habitat homes, as the mortgage holder habitat of north central massachusetts is able to provide a 0% interest mortgage loan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$769,075$811,406▲ $42,331
Savings and Temporary Cash Investments$374,090$389,004▲ $14,914
Accounts Receivable$224,790$352,592▲ $127,802
Cash and Non-Interest-Bearing Accounts$188,166$241,429▲ $53,263
Inventories for Sale or Use$96,519$107,852▲ $11,333
Land, Buildings, and Equipment, Net$37,440$26,824▼ $10,616
Prepaid Expenses and Deferred Charges$28,364$24,976▼ $3,388
Investments in Publicly Traded Securities$19,029$20,431▲ $1,402
Total Assets$2,324,012$2,890,654▲ $566,642
Other Assets Total$586,539$916,140▲ $329,601
Liabilities
Other Liabilities$188,304$207,210▲ $18,906
Accounts Payable and Accrued Expenses$49,352$55,332▲ $5,980
Deferred Revenue$29,968$25,446▼ $4,522
Total Liabilities$267,624$287,988▲ $20,364
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,871,514$2,373,502▲ $501,988
Net Assets With Donor Restrictions$184,874$229,164▲ $44,290
Total Net Assets Fund Balance$2,056,388$2,602,666▲ $546,278
Total Liabilities and Net Assets / Fund Balance$2,324,012$2,890,654▲ $566,642

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,647$139,388$166,035
Other Land Buildings$177$54,933$55,110
Leasehold Improvements-$11,868$11,868
Other Assets Org$129,663--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$19,029-▲ $1,679-$20,431
2022$18,284-▲ $995-$19,029
2021$19,434$700▼ $1,600-$18,284
2020$15,724$910▲ $3,050-$19,434
2019$15,765-▲ $116-$15,724
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carolyn ReadExecutive DiFT$85,990$85,990

Board Members and Trustees

NameTitle
Thomas DufaultPresident
Bea LeeDirector
Brian MarchettiDirector
Curt LogeeDirector
Jean RubinDirector
Jim DarcangeloDirector
KEVIN O'BRIENDirector
Steven LedouxDirector
Vish MazumderDirector
Zulimar RamirezDirector
Lynn Devin AsheSecretary/cl
Craig MadoniaTreasurer
Brieanna KelleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,517,893
Program Service Revenue
$253,555
Investment Income
$4,911
Other Revenue
$112,866
All Other Contributions
$1,214,874
Change in Net Assets
$546,278

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$401,288
Total Noncash Contributions2$401,288

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,889,225
Revenue Not Reported on Form 990
$42,468
Total Revenue per Audited Statements
$1,931,693
Total Revenue per Form 990
$1,889,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$852,162
Salaries, Compensation, and Employee Benefits$490,785
Total Fundraising Expense$20,129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$275,578$77,728-$353,306
Occupancy$118,879--$118,879
Current Officers, Directors, Trustees, and Key Employees$71,067$20,044-$91,111
Fees for Services Other$67,722$9,030$13,544$90,296
All Other Expenses$72,027$10,014$2,040$84,081
Payroll Taxes$36,167$10,201-$46,368
Insurance$21,095$10,776-$31,871
Office Expenses$10,620$15,165$4,545$30,330
Other Expenses$19,499--$19,499
Payments to Affiliates$17,000--$17,000
Fees for Services Accounting$7,156$7,156-$14,312
Depreciation Depletion$10,616--$10,616
Advertising$6,361--$6,361
Travel-$571-$571
Total Functional Expenses$1,162,133$160,685$20,129$1,342,947

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,385,415
Expenses per Audited Statements$1,342,947
Total Expenses per Form 990$1,342,947
Expenses Not Reported on Form 990$42,468
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$130,836
Fundraising Direct Expenses$67,910
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Events$130,836$130,836-$130,836
Total Events$130,836$130,836$67,910$62,926
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$134,170
Construction Loan$73,040
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is sent to all board members before filing. The executive director and board members review and discuss the tax return prior to its filing. The organization will also consult with the tax preparer for additional information or clarification when necessary.

Form 990, Page 6, Part VI, Line 12C

The board, or its members are required to disclose any conflict of interest immediately.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director was offered by the board of directors. No outside consultant was hired. The board made the offer based on historical data from habitat and some market research.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Habitat for Humanity North Central
EIN
04-2999854
Phone
9783482749
Address
3 PARK STREET SUITE 203, LEOMINSTER, MA 01453

Signing Officer

Name
Thomas Dufault
Title
President
Phone
9783482749
Signed
2024-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Read
Formed
1988
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
10
Volunteers
924

Preparer

Firm
Cain Bourret Jarry & Cressman LLC
Address
1175 MAMMOTH ROAD SUITE 2A, DRACUT, MA 01826
Preparer
Steven R Bourret
Phone
9789571421
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Seeking to put god's love into action, habitat for humanity brings people together to build homes, comminities and hope to realize our vision of a world where everyone has a decent place to live, habitat for humanity north central adheres to a strict non-proselytizing policy and will not offer assistance on the expressed or implied condition that people must adhere to or convert to a particular faith or listen and respond to messaging designed to induce conversion to a particular faith.

Form 990, Page 2, Part III, Line 4A

Families in need of a decent place to live build safe adn affordable homes in partnership with us. Habitat houses are modestly sized. They are large enough for the homeowner family's needs, but small enought to keep construction and maintenance costs affordable. By using the labor of volunteers and prospective homeowners, employing efficient building methods, keeping house sizes modest, using donated construction materials and applicances, and issuing no-profit loans, habitat makes its houses affordable for low-income families to purchase. Affordable homeownership helps create the conditions that free families from instability, stress and fear and encourage self-reliance and confidence. Studies show that strong and stable households are foundational to child development and growth. When a home fosters, instead of hinders, health and safety, families can flourish. Owning an affordable home also allows homeowners to lift up their entire family by saving for their futures and investing in educational opportuniites, bolstering job opportuniities and career growth. During fiscal year 2024, habitat for humanity north central served many people through its long-term homeownership program.

Raw XML AppendixShowing 400 of 550 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0HABITAT FOR HUMANITY IS A NON-PROFIT HOUSING MINISTRY THAT SEEKS TO BE A PARTNER AND CATALYST IN BUILDING COMMUNITIES WHERE EVERYONE HAS THE OPPORTUNITY TO THRIVE. WE BELIEVE OUR MODEL OF SERVICE CAPITAL, NOT CHARITY, CO-WORKERS AND NOT CASE WORKERS PROVIDES A STRENGTH-BASED APPROACH THAT ENHANCES THE CAPABILITIES OF FAMILIES, ENCOURAGING THEM TO DRAW ON THEIR OWN SELF DETERMINATION AND STRENGTHS. WE BELIEVE THAT FAMILIES WHO INVEST IN THEMSELVES THROUGH FINANCIAL EDUCATION AND SWEAT EQUITY IN THE CONSTRUCTION OF THEIR OWN HOMES TRANSFORM THEIR LIVES AND THE LIVES OF THEIR CHILDREN FOR THE BETTER. OUR FAMILIES ARE REQUIRED TO INVEST 200-350 HOURS OF SWEAT EQUITY INTO HABITAT PROGRAMS. THE OWNER AND FAMILIES ARE ALSO REQUIRED TO COMPLETE CERTAIN HOMEOWNERSHIP READINESS CLASSES BEFORE PURCHASING THEIR HABITAT HOMES, AS THE MORTGAGE HOLDER HABITAT OF NORTH CENTRAL MASSACHUSETTS IS ABLE TO PROVIDE A 0% INTEREST MORTGAGE LOAN.
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IRS990/MissionDesc0SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMINITIES AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE, HABITAT FOR HUMANITY NORTH CENTRAL ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT OFFER ASSISTANCE ON THE EXPRESSED OR IMPLIED CONDITION THAT PEOPLE MUST ADHERE TO OR CONVERT TO A PARTICULAR FAITH OR LISTEN AND RESPOND TO MESSAGING DESIGNED TO INDUCE CONVERSION TO A PARTICULAR FAITH.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION OPERATES A RESTORE. THE STORE RECEIVES DONATED BUILDING MATERIALS AND SUPPLIES FROM CONTRACTORS THAT WOULD NORMALLY BE DISPOSED OF AT THE END OF CONSTRUCTION. WE ALSO RECEIVE DONATIONS OF FURNITURE AND HOUSEHOLD GOODS FROM INDIVIDUALS. THESE ITEMS ARE SUBSEQUENTLY RESOLD TO GENERATE FUNDS IN ORDER TO PROVIDE RESOURCES TO CONTINUE OUR AFFORDABLE HOME BUILDING PROCESS.
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