Civic Intelligence

Kalamazoo Valley Habitat For

EIN 38-2558965 • 501(c)3 • Kalamazoo, MI

Profile

Acquiring land and homes for the purpose of building new homes, and renovating existing homes to sell to very low income families under interest free land contracts or mortgages. The homes are located in urban areas of kalamazoo county, which are generally considered to be economically depressed. Habitat's support comes primarily from the sale of homes, various government grants and contributions from individual donors and various organizations. Kalamazoo valley habitat for humanity has implemented a home repair program, to help meet the changing needs of the communities we serve.

1126 Gull RoadKalamazoo, MI 49048

www.habitatkalamazoo.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

74th percentile

0.31x

Higher debt load relative to revenue than 74% of similar nonprofits.

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

Net Margin

47th percentile

3.1%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

42nd percentile

$7,857

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

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

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

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

Revenue Growth

45th percentile

4.4%

Faster revenue growth than 45% of similar nonprofits.

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

Assets

Up

$4,715,418

Up $387,240 (+8.9%) from 2023

Liabilities

Up

$618,412

Up $187,327 (+43%) from 2023

Net Assets

Up

$4,097,006

Up $199,913 (+5.1%) from 2023

Revenue

Up

$2,013,999

Up $98,623 (+5.1%) from 2023

Expenses

Down

$1,950,743

Down $629,158 (-24%) from 2023

Net Income

Up

$63,256

Up $727,781 (+110%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,635,671Liabilities 2010: $277,349Net Assets 2010: $4,358,3222010Assets 2011: $5,066,300Liabilities 2011: $250,485Net Assets 2011: $4,815,8152011Assets 2012: $4,742,624Liabilities 2012: $382,200Net Assets 2012: $4,360,4242012Assets 2013: $5,157,929Liabilities 2013: $184,376Net Assets 2013: $4,973,5532013Assets 2014: $5,200,689Liabilities 2014: $370,514Net Assets 2014: $4,830,1752014Assets 2015: $5,043,089Liabilities 2015: $378,047Net Assets 2015: $4,665,0422015Assets 2016: $4,795,875Liabilities 2016: $162,685Net Assets 2016: $4,633,1902016Assets 2017: $4,599,569Liabilities 2017: $71,718Net Assets 2017: $4,527,8512017Assets 2018: $4,465,262Liabilities 2018: $92,372Net Assets 2018: $4,372,8902018Assets 2019: $4,274,147Liabilities 2019: $88,424Net Assets 2019: $4,185,7232019Assets 2020: $4,340,472Liabilities 2020: $243,024Net Assets 2020: $4,097,4482020Assets 2021: $4,972,565Liabilities 2021: $226,482Net Assets 2021: $4,746,0832021Assets 2022: $4,550,751Liabilities 2022: $100,057Net Assets 2022: $4,450,6942022Assets 2023: $4,328,178Liabilities 2023: $431,085Net Assets 2023: $3,897,0932023Assets 2024: $4,715,418Liabilities 2024: $618,412Net Assets 2024: $4,097,0062024

Highlighted filing

2024

Assets$4,715,418
Liabilities$618,412
Net Assets$4,097,006

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,666,2512010Expenses 2011: $1,151,6102011Expenses 2012: $2,428,8412012Revenue 2013: $2,479,606Expenses 2013: $1,893,747Net Income 2013: $585,8592013Revenue 2014: $1,596,600Expenses 2014: $1,858,662Net Income 2014: -$262,0622014Revenue 2015: $1,595,195Expenses 2015: $1,678,434Net Income 2015: -$83,2392015Revenue 2016: $1,581,938Expenses 2016: $1,730,286Net Income 2016: -$148,3482016Revenue 2017: $1,747,448Expenses 2017: $1,848,222Net Income 2017: -$100,7742017Revenue 2018: $1,659,395Expenses 2018: $1,748,879Net Income 2018: -$89,4842018Revenue 2019: $1,576,728Expenses 2019: $1,841,107Net Income 2019: -$264,3792019Revenue 2020: $1,355,734Expenses 2020: $1,409,193Net Income 2020: -$53,4592020Revenue 2021: $2,185,377Expenses 2021: $1,626,087Net Income 2021: $559,2902021Revenue 2022: $2,224,983Expenses 2022: $2,266,802Net Income 2022: -$41,8192022Revenue 2023: $1,915,376Expenses 2023: $2,579,901Net Income 2023: -$664,5252023Revenue 2024: $2,013,999Expenses 2024: $1,950,743Net Income 2024: $63,2562024

Highlighted filing

2024

Revenue$2,013,999
Expenses$1,950,743
Net Income$63,256

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.72$0.62$4.10$2.01$1.95$0.06
2023Detailed filing. Detailed filing data is available for this year.$4.33$0.43$3.90$1.92$2.58$0.66
2022Detailed filing. Detailed filing data is available for this year.$4.55$0.10$4.45$2.22$2.27$0.04
2021Detailed filing. Detailed filing data is available for this year.$4.97$0.23$4.75$2.19$1.63$0.56
2020Detailed filing. Detailed filing data is available for this year.$4.34$0.24$4.10$1.36$1.41$0.05
2019Detailed filing. Detailed filing data is available for this year.$4.27$0.09$4.19$1.58$1.84$0.26
2018Detailed filing. Detailed filing data is available for this year.$4.47$0.09$4.37$1.66$1.75$0.09
2017Detailed filing. Detailed filing data is available for this year.$4.60$0.07$4.53$1.75$1.85$0.10
2016Detailed filing. Detailed filing data is available for this year.$4.80$0.16$4.63$1.58$1.73$0.15
2015Detailed filing. Detailed filing data is available for this year.$5.04$0.38$4.67$1.60$1.68$0.08
2014Detailed filing. Detailed filing data is available for this year.$5.20$0.37$4.83$1.60$1.86$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.18$4.97$2.48$1.89$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.74$0.38$4.36$2.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$0.25$4.82$1.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.64$0.28$4.36$1.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$2,013,999
Mission and Program Overview

Mission

Acquiring land and homes for the purpose of building new homes and renovating existing homes to sell to very low income families under interest free land contracts or mortgages. The homes are located in urban areas of kalamazoo county, which are generally considered to be economically depressed. Habitat's support comes primarily from the sale of homes, various government grants and contributions from individual donors and various organizations.

Acquiring land and homes for the purpose of building new homes, and renovating existing homes to sell to very low income families under interest free land contracts or mortgages. The homes are located in urban areas of kalamazoo county, which are generally considered to be economically depressed. Habitat's support comes primarily from the sale of homes, various government grants and contributions from individual donors and various organizations. Kalamazoo valley habitat for humanity has implemented a home repair program, to help meet the changing needs of the communities we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,531,177$1,401,582▼ $129,595
Other Notes and Loans Receivable, Net$1,084,613$1,167,244▲ $82,631
Land, Buildings, and Equipment, Net$648,714$601,938▼ $46,776
Accounts Receivable$38,380$478,135▲ $439,755
Cash and Non-Interest-Bearing Accounts$103,446$211,151▲ $107,705
Prepaid Expenses and Deferred Charges$29,788$20,477▼ $9,311
Savings and Temporary Cash Investments$102,750$17,782▼ $84,968
Inventories for Sale or Use$4,956--
Pledges and Grants Receivable-$4,600-
Intangible Assets-$2,699-
Total Assets$4,328,178$4,715,418▲ $387,240
Other Assets Total$784,354$809,810▲ $25,456
Liabilities
Other Liabilities$342,457$342,457→ $0
Accounts Payable and Accrued Expenses$88,628$163,455▲ $74,827
Deferred Revenue-$112,500-
Total Liabilities$431,085$618,412▲ $187,327
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,837,247$3,981,585▲ $144,338
Net Assets With Donor Restrictions$59,846$115,421▲ $55,575
Total Net Assets Fund Balance$3,897,093$4,097,006▲ $199,913
Total Liabilities and Net Assets / Fund Balance$4,328,178$4,715,418▲ $387,240

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$521,635$239,896$761,531
Equipment$71,303$166,734$238,037
Land$9,000-$9,000
Other Assets Org$10,061--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$788,280-▲ $38,992-$824,069
2022$902,304-▼ $109,493-$788,280
2021$740,306-▲ $188,455$22,088$902,304
2020$770,630-▼ $4,108$21,610$740,306
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teresa ThrashExec. DirectFT$7,857$7,857

Board Members and Trustees

NameTitle
Lisa CarriveauPresident
Brendan GauthierBoard Member
John SchuemannBoard Member
Scott Steven ChuBoard Member
Thom VictorBoard Member
Thomas LabrenzBoard Member
Mike OliphantPast Preside
Renita EllisSecretary
Joshuwa SchoiberTreasurer
Ross KeilenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$854,446
Program Service Revenue
$1,088,667
Investment Income
$48,635
Other Revenue
$22,251
All Other Contributions
$853,970
Change in Net Assets
$63,256

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,013,999
Revenue Not Reported on Form 990
$136,657
Total Revenue per Audited Statements
$2,150,656
Total Revenue per Form 990
$2,013,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,121,622
Salaries, Compensation, and Employee Benefits$829,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$639,866--$639,866
Occupancy$186,998--$186,998
Fees for Services Other$181,331--$181,331
Other Employee Benefits$133,788--$133,788
All Other Expenses$76,435--$76,435
Payroll Taxes$55,467--$55,467
Depreciation Depletion$48,626--$48,626
Insurance$37,213--$37,213
Other Expenses$20,295--$20,295
Advertising$16,887--$16,887
Office Expenses$12,381--$12,381
Fees for Service Investment Mgmnt Fees$7,703--$7,703
Conferences and Meetings$5,770--$5,770
Interest-$273-$273
Travel$206--$206
Total Functional Expenses$1,950,470$273$0$1,950,743

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,950,743
Total Expenses per Audited Statements$1,950,743
Total Expenses per Form 990$1,950,743
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$150
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$342,457
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

The 990 is e-mailed in draft form to the finance committee. The finance committee reviews the 990 and inquires the cpa firm regarding any questions. Once the cpa and finance committee agree on the form, the 990 is presented to the board of directors for final approval.

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

Kvhh directors, officers, and staff shall disclose in writing to the board of directors any person to whom they are closely related or any organization with which they are affiliated who or which presently transacts business with kvhh or a related entity or might reasonably be expected to do so in the future. Each disclosure shall be updated and resubmitted to the secretary of the board on an annual basis. Upon disclosure of a conflict of interest the board member is required to retire from the room for the final vote relating to the transaction.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
Kalamazoo Valley Habitat for
EIN
38-2558965
Phone
2693442443
Address
1126 GULL ROAD, KALAMAZOO, MI 49048

Signing Officer

Name
Lisa Carriveau
Title
President
Phone
2693442443
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Carriveau
Formed
1983
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
21

Preparer

Firm
Cole Gavlas Pc
Address
2401 W CENTRE AVE, PORTAGE, MI 49024
Preparer
Jason Martin
Phone
2693296600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Acquiring land and homes for the purpose of building new homes, and renovating existing homes to sell to very low income families under interest free land contracts or mortgages. The homes are located in urban areas of kalamazoo county, which are generally considered to be economically depressed. Habitat's support comes primarily from the sale of homes, various government grants and contributions from individual donors and various organizations. Kalamazoo valley habitat for humanity has implemented a home repair program, to help meet the changing needs of the communities we serve.

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

Volunteer development - enables habitat to fulfill their two fold vision to make simple, decent, affordable housing available and to transform lives and our community. Utilizing volunteer labor and resources significantly lowers the cost of home construction. Yet, most importantly, through the act of working in partnership with volunteers and homebuyers, we empower individuals and families to engage themselves in their community and to impact the lives of their neighbors through service and advocacy. Family service - has two major sets of activity. The first activity is the recruitment and selection of habitat partner families. This is a complicated process involving community education events, partner recruitment sessions, screening many applicants with the goal of serving 12 - 15 partner families per year (depending on eligibility of applicants). The second major set of activities is family support. This involves three stages: 1.strengthening the partner relationship between the habitat partner and the affiliate. 2.supporting the partner family with information and training through their homebuilding and sweat equity process. 3.preparing the partner family for a successful transition from renter to owner (training, skill development, attitude and responsibility).

Form 990, Part XI, Line 9

Restore cost of sales 0 restore cost of sales 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To support the organization's mission

Schedule D, Page 4, Part XI, Line 4B

RESTORE COST OF SALES 0

Schedule D, Page 4, Part XII, Line 4B

RESTORE COST OF SALES 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXEC. DIRECT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/MissionDesc0ACQUIRING LAND AND HOMES FOR THE PURPOSE OF BUILDING NEW HOMES, AND RENOVATING EXISTING HOMES TO SELL TO VERY LOW INCOME FAMILIES UNDER INTEREST FREE LAND CONTRACTS OR MORTGAGES. THE HOMES ARE LOCATED IN URBAN AREAS OF KALAMAZOO COUNTY, WHICH ARE GENERALLY CONSIDERED TO BE ECONOMICALLY DEPRESSED. HABITAT'S SUPPORT COMES PRIMARILY FROM THE SALE OF HOMES, VARIOUS GOVERNMENT GRANTS AND CONTRIBUTIONS FROM INDIVIDUAL DONORS AND VARIOUS ORGANIZATIONS. KALAMAZOO VALLEY HABITAT FOR HUMANITY HAS IMPLEMENTED A HOME REPAIR PROGRAM, TO HELP MEET THE CHANGING NEEDS OF THE COMMUNITIES WE SERVE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0MORTGAGE SERVICES - ALL KALAMAZOO VALLEY HABITAT PROPERTIES ARE SOLD TO OUR FAMILY PARTNERS USING A MORTGAGE NOTE AND DEED WHICH ARE PREPARED BY HABITAT FOR HUMANITY MICHIGAN. KALAMAZOO VALLEY HABITAT IS THE LIEN HOLDER FOR ALL ITS MORTGAGES. THE MORTGAGES ARE HELD "IN HOUSE- AND TITLE INSURANCE IS PROVIDED FOR ALL THE PROPERTIES SOLD. HABITAT FOR HUMANITY MICHIGAN SERVICES AND COLLECTS ALL THE PAYMENTS, WITH PROCEEDS RETURNING TO KALAMAZOO VALLEY HABITAT, REINVESTING INTO OTHER HOME PROJECTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0RESTORE - SELLS NEW AND USED OVERSTOCK AND DISCONTINUED BUILDING AND HOME IMPROVEMENT MATERIALS DONATED BY MANUFACTURERS, STORES, CONTRACTORS AND INDIVIDUALS. THESE DONATED ITEMS ARE SOLD TO THE PUBLIC OR USED IN THE CONSTRUCTION OF HOMES. PROFITS ARE USED TO SUPPORT HOUSING SOLUTIONS FOR LOW INCOME FAMILIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0114534
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VOLUNTEER DEVELOPMENT - ENABLES HABITAT TO FULFILL THEIR TWO FOLD VISION TO MAKE SIMPLE, DECENT, AFFORDABLE HOUSING AVAILABLE AND TO TRANSFORM LIVES AND OUR COMMUNITY. UTILIZING VOLUNTEER LABOR AND RESOURCES SIGNIFICANTLY LOWERS THE COST OF HOME CONSTRUCTION. YET, MOST IMPORTANTLY, THROUGH THE ACT OF WORKING IN PARTNERSHIP WITH VOLUNTEERS AND HOMEBUYERS, WE EMPOWER INDIVIDUALS AND FAMILIES TO ENGAGE THEMSELVES IN THEIR COMMUNITY AND TO IMPACT THE LIVES OF THEIR NEIGHBORS THROUGH SERVICE AND ADVOCACY. FAMILY SERVICE - HAS TWO MAJOR SETS OF ACTIVITY. THE FIRST ACTIVITY IS THE RECRUITMENT AND SELECTION OF HABITAT PARTNER FAMILIES. THIS IS A COMPLICATED PROCESS INVOLVING COMMUNITY EDUCATION EVENTS, PARTNER RECRUITMENT SESSIONS, SCREENING MANY APPLICANTS WITH THE GOAL OF SERVING 12 - 15 PARTNER FAMILIES PER YEAR (DEPENDING ON ELIGIBILITY OF APPLICANTS). THE SECOND MAJOR SET OF ACTIVITIES IS FAMILY SUPPORT. THIS INVOLVES THREE STAGES: 1.STRENGTHENING THE PARTNER RELATIONSHIP BETWEEN THE HABITAT PARTNER AND THE AFFILIATE. 2.SUPPORTING THE PARTNER FAMILY WITH INFORMATION AND TRAINING THROUGH THEIR HOMEBUILDING AND SWEAT EQUITY PROCESS. 3.PREPARING THE PARTNER FAMILY FOR A SUCCESSFUL TRANSITION FROM RENTER TO OWNER (TRAINING, SKILL DEVELOPMENT, ATTITUDE AND RESPONSIBILITY).
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT THE ORGANIZATION'S MISSION
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
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