Civic Intelligence

Habitat for Humanity

EIN 38-3095570 • 501(c)3 • Iron Mountain, MI

Profile

Habitat for humanity menominee river seeks to put god's love into action. We bring people together to build homes, communities, and hope.

PO Box 398Iron Mountain, MI 49801

www.habitatmr.com

Siviq Scores

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

Liabilities / Assets

48th percentile

0.05x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

0.10x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

43rd percentile

1.6%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

45th percentile

$30,858

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

41st percentile

0.6%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

62nd percentile

15%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,473,073

Up $8,488 (+0.6%) from 2024

Liabilities

Down

$80,070

Down $4,118 (-4.9%) from 2024

Net Assets

Up

$1,393,003

Up $12,606 (+0.9%) from 2024

Revenue

Up

$794,450

Up $106,314 (+15%) from 2024

Expenses

Down

$781,844

Down $2,140 (-0.3%) from 2024

Net Income

Up

$12,606

Up $108,454 (+113%) from 2024

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $865,793Liabilities 2010: $135,402Net Assets 2010: $730,3912010Assets 2011: $1,129,586Liabilities 2011: $113,027Net Assets 2011: $1,016,5592011Assets 2012: $1,191,713Liabilities 2012: $199,615Net Assets 2012: $992,0982012Assets 2013: $1,246,990Liabilities 2013: $248,619Net Assets 2013: $998,3712013Assets 2014: $1,388,625Liabilities 2014: $279,580Net Assets 2014: $1,109,0452014Assets 2015: $1,455,602Liabilities 2015: $316,611Net Assets 2015: $1,138,9912015Assets 2016: $1,328,349Liabilities 2016: $200,849Net Assets 2016: $1,127,5002016Assets 2017: $1,352,933Liabilities 2017: $193,911Net Assets 2017: $1,159,0222017Assets 2018: $1,419,097Liabilities 2018: $144,540Net Assets 2018: $1,274,5572018Assets 2019: $1,423,335Liabilities 2019: $147,769Net Assets 2019: $1,275,5662019Assets 2020: $1,482,678Liabilities 2020: $174,845Net Assets 2020: $1,307,8332020Assets 2021: $1,490,574Liabilities 2021: $90,673Net Assets 2021: $1,399,9012021Assets 2022: $1,563,065Liabilities 2022: $120,985Net Assets 2022: $1,442,0802022Assets 2023: $1,618,094Liabilities 2023: $103,609Net Assets 2023: $1,514,4852023Assets 2024: $1,464,585Liabilities 2024: $84,188Net Assets 2024: $1,380,3972024Assets 2025: $1,473,073Liabilities 2025: $80,070Net Assets 2025: $1,393,0032025

Highlighted filing

2025

Assets$1,473,073
Liabilities$80,070
Net Assets$1,393,003

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $324,0622010Revenue 2011: $695,819Expenses 2011: $410,315Net Income 2011: $285,5042011Expenses 2012: $454,2012012Revenue 2013: $457,407Expenses 2013: $451,134Net Income 2013: $6,2732013Revenue 2014: $597,710Expenses 2014: $487,036Net Income 2014: $110,6742014Revenue 2015: $729,116Expenses 2015: $682,810Net Income 2015: $46,3062015Revenue 2016: $823,990Expenses 2016: $847,579Net Income 2016: -$23,5892016Revenue 2017: $704,609Expenses 2017: $685,537Net Income 2017: $19,0722017Revenue 2018: $541,707Expenses 2018: $438,872Net Income 2018: $102,8352018Revenue 2019: $494,639Expenses 2019: $499,630Net Income 2019: -$4,9912019Revenue 2020: $541,987Expenses 2020: $472,131Net Income 2020: $69,8562020Revenue 2021: $664,618Expenses 2021: $572,550Net Income 2021: $92,0682021Revenue 2022: $467,882Expenses 2022: $425,703Net Income 2022: $42,1792022Revenue 2023: $538,538Expenses 2023: $466,133Net Income 2023: $72,4052023Revenue 2024: $688,136Expenses 2024: $783,984Net Income 2024: -$95,8482024Revenue 2025: $794,450Expenses 2025: $781,844Net Income 2025: $12,6062025

Highlighted filing

2025

Revenue$794,450
Expenses$781,844
Net Income$12,606

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.47$0.08$1.39$0.79$0.78$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.46$0.08$1.38$0.69$0.78$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.10$1.51$0.54$0.47$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.56$0.12$1.44$0.47$0.43$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.49$0.09$1.40$0.66$0.57$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.17$1.31$0.54$0.47$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.42$0.15$1.28$0.49$0.50$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.42$0.14$1.27$0.54$0.44$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.35$0.19$1.16$0.70$0.69$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.33$0.20$1.13$0.82$0.85$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.46$0.32$1.14$0.73$0.68$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.28$1.11$0.60$0.49$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.25$1.00$0.46$0.45$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.20$0.99$0.45
2011Summary only. Only limited summary data is available for this year.$1.13$0.11$1.02$0.70$0.41$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.14$0.73$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 18, 2025
Return Version
2024v5.0
Gross Receipts
$832,364
Mission and Program Overview

Mission

Habitat for humanity menominee river seeks to put god's love into action. We bring people together to build homes, communities, and hope.

To provide housing for low income families through home construction and rehabilitation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$762,093$728,269▼ $33,824
Cash and Non-Interest-Bearing Accounts$289,857$293,303▲ $3,446
Land, Buildings, and Equipment, Net$180,836$171,966▼ $8,870
Inventories for Sale or Use$265,813$168,939▼ $96,874
Savings and Temporary Cash Investments-$152,718-
Prepaid Expenses and Deferred Charges$41$5,057▲ $5,016
Accounts Receivable$-34,055$-47,179▼ $13,124
Total Assets$1,464,585$1,473,073▲ $8,488
Liabilities
Accounts Payable and Accrued Expenses$35,030$40,816▲ $5,786
Mortgage Notes Payable Secured by Investment Property$47,658$38,754▼ $8,904
Deferred Revenue$1,500$500▼ $1,000
Total Liabilities$84,188$80,070▼ $4,118
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,360,397$1,382,753▲ $22,356
Net Assets With Donor Restrictions$20,000$10,250▼ $9,750
Total Net Assets Fund Balance$1,380,397$1,393,003▲ $12,606
Total Liabilities and Net Assets / Fund Balance$1,464,585$1,473,073▲ $8,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$160,404$95,364$255,768
Equipment$11,562$51,664$63,226
Investment Program Related Org$205,542--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathy KulasExecutive DiFT$30,858$30,858

Board Members and Trustees

NameTitle
Glenn CostiePresident
Aimee AllenDirector
Carrie PartelloDirector
Dale PolzinDirector
Zachary KuchelDirector
Nancy FinchSecretary
Sandy WhiteTreasurer
Tom MackeyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$248,963
Program Service Revenue
$304,975
Investment Income
$8,554
Other Revenue
$231,958
All Other Contributions
$185,222
Change in Net Assets
$12,606

Audited Revenue Reconciliation

Revenue per Audited Statements
$794,450
Revenue Not Reported on Form 990
$37,914
Total Revenue per Audited Statements
$832,364
Total Revenue per Form 990
$794,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$578,348
Salaries, Compensation, and Employee Benefits$203,496
Total Fundraising Expense$3,610
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$141,198$10,590$2,017$153,805
Current Officers, Directors, Trustees, and Key Employees$23,144$6,480$1,234$30,858
Insurance$5,381$22,192$72$27,645
Fees for Services Accounting-$21,450-$21,450
Payroll Taxes$15,735$1,507$287$17,529
Occupancy$16,856--$16,856
Depreciation Depletion$6,397$5,474-$11,871
Advertising$7,021--$7,021
Office Expenses$2,823$3,972-$6,795
Travel$2,767$2,923-$5,690
All Other Expenses$1,896$3,701-$5,597
Payments to Affiliates$5,030--$5,030
Other Expenses$1,128$3,825-$4,953
Fees for Services Other-$3,137-$3,137
Interest$2,000--$2,000
Information Technology-$1,710-$1,710
Conferences and Meetings$650$1,051-$1,701
Other Employee Benefits$1,304--$1,304
Total Functional Expenses$690,222$88,012$3,610$781,844

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$819,758
Expenses per Audited Statements$781,844
Total Expenses per Form 990$781,844
Expenses Not Reported on Form 990$37,914
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,201
Fundraising Direct Expenses$12,825
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$26,201$26,201$12,593$13,608
Total Events$26,201$26,201$12,593$13,608
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 9

Nancy pellegrini po box 398 iron mountain, mi 49801

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

The form 990 will be reviewed by the executive director prior to filing and will be available for review after filing by any member of the board of directors or the public.

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

The organization monitors and enforces compliance with the conflict of interest policy annually.

Form 990, Page 6, Part VI, Line 19

The organization's organizing documents are available by visiting the organization's main office during regular business hours or requesting documents from management or any member of the board of directors.

Filing and Contact Details

Filer

Filer Name
Habitat for Humanity
EIN
38-3095570
Phone
9067795377
Address
PO BOX 398, IRON MOUNTAIN, MI 49801

Signing Officer

Name
Glenn Costie
Title
President
Phone
9067795377
Signed
2025-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Costie
Formed
1993
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
20
Volunteers
55

Preparer

Firm
Kerberrose Sc
Address
115 E 5TH ST, SHAWANO, WI 54166
Preparer
Karen Kerber CPA
Phone
7155269400
Supplemental Narrative

Additional Explanations

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

Remaining costs to operate and provide services

Form 990, Part XI, Line 9

Cost of goods sold 25,089 fundraising expenses netted on 990 12,825 cost of goods sold -25,089 fundraising expenses netted on 990 -12,825 adjustment for cecl implementation 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is a charitable organization under section 501(c)(3) of the internal revenue code, and thus is exempt from income taxes. Gifts, grants and bequests are deductible by donors within limitations of the internal revenue code. The organization is subject to a tax on income from any unrelated activities. The organization continually evaluates its tax positions, changes in tax law and new authoritative rulings for potential implications to its tax status. The organization has not identified any income it would consider to be unrelated business income.

Schedule D, Page 4, Part XI, Line 2D

Cost of goods sold 25,089 fundraising expenses netted on 990 12,825

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold 25,089 fundraising expenses netted on 990 12,825

Raw XML AppendixShowing 400 of 492 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/ProgSrvcAccomActy2Grp/Desc0THE RESTORE PROVIDES NEW AND DONATED HOME IMPROVEMENT ITEMS AS WELL AS FURNITURE AND APPLIANCES. IN ADDITION TO PROVIDING THESE MATERIALS AT AN AFFORDABLE COST, THIS ALSO HELPS KEEP MATERIAL FROM THE WASTE STREAM THROUGH REUSE AND RECYCLING.
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IRS990/ProgSrvcAccomActy3Grp/Desc023 REPAIR PROJECTS WERE DONE FOR INCOME QUALIFIED HOME OWNERS. OF THE 23 HOME REPAIRS, 8 WERE ACCESSIBILITY REPAIRS (4 WHEEL CHAIR RAMPS, 4 STEP IN SHOWERS), 18 WERE CRITICAL REPAIRS (4 ROOF REPLACEMENTS, 4 WATER HEATERS, 3 FURNACES, 4 DOOR/WINDOW REPLACEMENT, 1 SEPTIC SYSTEM/DRAINFIELD, 1 WELL, AND 1 SIDING REPLACEMENT. WE ALSO DID ONE EXTERIOR REPAIR (PAINTING/SKIRTING REPLACEMENT). SEVERAL HOMES HAD MULTIPLE REPAIRS. TWELVE OF THE REPAIRS WERE FOR VETERAN FAMILIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A CHARITABLE ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND THUS IS EXEMPT FROM INCOME TAXES. GIFTS, GRANTS AND BEQUESTS ARE DEDUCTIBLE BY DONORS WITHIN LIMITATIONS OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS SUBJECT TO A TAX ON INCOME FROM ANY UNRELATED ACTIVITIES. THE ORGANIZATION CONTINUALLY EVALUATES ITS TAX POSITIONS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS FOR POTENTIAL IMPLICATIONS TO ITS TAX STATUS. THE ORGANIZATION HAS NOT IDENTIFIED ANY INCOME IT WOULD CONSIDER TO BE UNRELATED BUSINESS INCOME.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 25,089 FUNDRAISING EXPENSES NETTED ON 990 12,825
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 25,089 FUNDRAISING EXPENSES NETTED ON 990 12,825
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NANCY PELLEGRINI PO BOX 398 IRON MOUNTAIN, MI 49801

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