Civic Intelligence

Habitat for Humanity Las Vegas

EIN 88-0268803 • 501(c)3 • Las Vegas, NV

Profile

Habitat for humanity las vegas, inc. (habitat) a not-for-profit organization located in las vegas, nevada was established in 1990. Habitat's purpose is to build low cost houses with the help of the homeowner families, which are transferred to the families at no profit and financed by habitat with affordable, no-interest loans.

4580 West Sahara Ave Suite 120Las Vegas, NV 89102

www.lasvegashabitat.org

Siviq Scores

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

Liabilities / Assets

69th percentile

0.32x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

1.53x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

12th percentile

-22%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$127,119

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

76th percentile

16%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-7.5%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,615,473

Up $605,424 (+12%) from 2022

Liabilities

Up

$870,463

Up $320,199 (+58%) from 2022

Net Assets

Up

$4,745,010

Up $285,225 (+6.4%) from 2022

Revenue

Down

$1,472,881

Down $907,571 (-38%) from 2022

Expenses

Down

$1,187,656

Down $219,669 (-16%) from 2022

Net Income

Down

$285,225

Down $687,902 (-71%) from 2022

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,266,225Liabilities 2011: $157,493Net Assets 2011: $4,108,7322011Assets 2012: $4,103,767Liabilities 2012: $180,134Net Assets 2012: $3,923,6332012Assets 2013: $4,351,326Liabilities 2013: $212,869Net Assets 2013: $4,138,4572013Assets 2014: $3,643,427Liabilities 2014: $132,828Net Assets 2014: $3,510,5992014Assets 2015: $4,010,934Liabilities 2015: $197,710Net Assets 2015: $3,813,2242015Assets 2016: $4,487,080Liabilities 2016: $808,191Net Assets 2016: $3,678,8892016Assets 2017: $4,526,706Liabilities 2017: $424,457Net Assets 2017: $4,102,2492017Assets 2018: $4,284,681Liabilities 2018: $500,358Net Assets 2018: $3,784,3232018Assets 2019: $4,351,527Liabilities 2019: $391,346Net Assets 2019: $3,960,1812019Assets 2020: $4,578,632Liabilities 2020: $985,075Net Assets 2020: $3,593,5572020Assets 2021: $4,084,812Liabilities 2021: $738,821Net Assets 2021: $3,345,9912021Assets 2022: $5,010,049Liabilities 2022: $550,264Net Assets 2022: $4,459,7852022Assets 2023: $5,615,473Liabilities 2023: $870,463Net Assets 2023: $4,745,0102023

Highlighted filing

2023

Assets$5,615,473
Liabilities$870,463
Net Assets$4,745,010

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,726,707Expenses 2011: $2,883,203Net Income 2011: -$156,4962011Revenue 2012: $2,580,405Expenses 2012: $2,765,504Net Income 2012: -$185,0992012Expenses 2013: $1,792,9992013Revenue 2014: $1,869,484Expenses 2014: $2,428,947Net Income 2014: -$559,4632014Revenue 2015: $1,967,366Expenses 2015: $1,929,086Net Income 2015: $38,2802015Revenue 2016: $1,805,939Expenses 2016: $1,940,274Net Income 2016: -$134,3352016Revenue 2017: $2,473,456Expenses 2017: $2,050,096Net Income 2017: $423,3602017Revenue 2018: $572,116Expenses 2018: $890,042Net Income 2018: -$317,9262018Revenue 2019: $1,170,979Expenses 2019: $995,121Net Income 2019: $175,8582019Revenue 2020: $424,531Expenses 2020: $791,155Net Income 2020: -$366,6242020Revenue 2021: $2,468,255Expenses 2021: $2,566,293Net Income 2021: -$98,0382021Revenue 2022: $2,380,452Expenses 2022: $1,407,325Net Income 2022: $973,1272022Revenue 2023: $1,472,881Expenses 2023: $1,187,656Net Income 2023: $285,2252023

Highlighted filing

2023

Revenue$1,472,881
Expenses$1,187,656
Net Income$285,225

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.62$0.87$4.75$1.47$1.19$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$0.55$4.46$2.38$1.41$0.97
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$0.74$3.35$2.47$2.57$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.58$0.99$3.59$0.42$0.79$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.35$0.39$3.96$1.17$1.00$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$0.50$3.78$0.57$0.89$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.53$0.42$4.10$2.47$2.05$0.42
2016Detailed filing. Detailed filing data is available for this year.$4.49$0.81$3.68$1.81$1.94$0.13
2015Summary only. Only limited summary data is available for this year.$4.01$0.20$3.81$1.97$1.93$0.04
2014Detailed filing. Detailed filing data is available for this year.$3.64$0.13$3.51$1.87$2.43$0.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$0.21$4.14$1.79
2012Summary only. Only limited summary data is available for this year.$4.10$0.18$3.92$2.58$2.77$0.19
2011Summary only. Only limited summary data is available for this year.$4.27$0.16$4.11$2.73$2.88$0.16
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$3,920,078
Mission and Program Overview

Mission

Habitat for humanity las vegas, inc. (habitat) a not-for-profit organization located in las vegas, nevada was established in 1990. Habitat's purpose is to build low cost houses with the help of the homeowner families, which are transferred to the families at no profit and financed by habitat with affordable, no-interest loans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,102,250$1,404,633▲ $302,383
Savings and Temporary Cash Investments$855,254$1,238,050▲ $382,796
Inventories for Sale or Use$1,051,820$1,060,381▲ $8,561
Cash and Non-Interest-Bearing Accounts$762,234$920,956▲ $158,722
Prepaid Expenses and Deferred Charges$88,972$82,519▼ $6,453
Accounts Receivable$66,651--
Land, Buildings, and Equipment, Net$118,624$64,546▼ $54,078
Pledges and Grants Receivable$20,000$13,500▼ $6,500
Total Assets$4,291,269$5,010,049▲ $718,780
Other Assets Total$225,464$225,464→ $0
Liabilities
Unsecured Notes Loans Payable$353,567$287,073▼ $66,494
Accounts Payable and Accrued Expenses$188,770$191,200▲ $2,430
Deferred Revenue$79,080--
Other Liabilities$97,710$67,890▼ $29,820
Escrow Account Liability$43,201--
Mortgage Notes Payable Secured by Investment Property$42,283$4,101▼ $38,182
Total Liabilities$804,611$550,264▼ $254,347
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,770,611$3,568,157▲ $797,546
Net Assets With Donor Restrictions$716,047$891,628▲ $175,581
Total Net Assets Fund Balance$3,486,658$4,459,785▲ $973,127
Total Liabilities and Net Assets / Fund Balance$4,291,269$5,010,049▲ $718,780

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$36,487$252,342$288,829
Other Land Buildings$2,495$179,151$181,646
Equipment$25,564$111,381$136,945
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas CoombsCEO Thru 12/FT$153,513$6,420$159,933
Douglas CoombsCEO Thru 12/31/21-$153,513$6,420$159,933
Angela PhillipsExecutive DiFT$80,569$3,452$84,021

Board Members and Trustees

NameTitle
Mike Harman CPAChair, Finan
Perrin DahlingChairman
Dan GiraldoVice Chair
Brooke MaloneBoard Member
Bruce JohnsonBoard Member
Don KuhlBoard Member
Eloiza MartinezBoard Member
Hannah BrownBoard Member
Jeremy MalinBoard Member
Luis ValdezBoard Member
Mark StocktonBoard Member
Pastor Sam RobertsonBoard Member
Pastor William O MccurdyBoard Member
Phyllis JamesSecretary
Roger UngerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,873,114
Program Service Revenue
$821,766
Investment Income
$3,747
Other Revenue
$-318,175
All Other Contributions
$1,825,848
Change in Net Assets
$973,127

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 AmountValuation Method
Other Non Cash Contri Table250$63,228Fair Market Value
Total Noncash Contributions250$63,228-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,380,452
Revenue Not Reported on Form 990
$1,348,749
Total Revenue per Audited Statements
$3,729,201
Total Revenue per Form 990
$2,380,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$958,067
Other Expenses$449,258
Total Fundraising Expense$196,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,108$505,465$16,633$633,206
Occupancy$25,911$578,706$3,272$607,889
Current Officers, Directors, Trustees, and Key Employees$156,580$15,886$22,487$194,953
Fees for Services Other$13,517$102,108$24,133$139,758
Payroll Taxes$22,856$45,006$3,384$71,246
Office Expenses$10,467$52,548$5,095$68,110
Depreciation Depletion$5,631$60,613$957$67,201
Travel$8,422$47,540$46$56,008
Other Employee Benefits$19,309$34,584$1,628$55,521
Insurance$10,695$34,158$1,783$46,636
Information Technology$7,374$11,088$9,646$28,108
Interest-$21,632-$21,632
Payments to Affiliates$20,853--$20,853
Advertising$1,046$6,718$10,135$17,899
Fees for Services Accounting-$17,200-$17,200
Pension Plan Contributions$951$1,884$306$3,141
Other Expenses$9,695$-1,348,749$947$-1,348,749
Total Functional Expenses$1,022,056$188,352$196,917$1,407,325

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,756,074
Expenses per Audited Statements$1,407,325
Total Expenses per Form 990$1,407,325
Expenses Not Reported on Form 990$1,348,749
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$114,547
Fundraising Gross Income$114,547
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Home 4 the Holi$80,385$75,150-$75,150
Golf$81,428$39,397-$39,397
Total Events$161,813$114,547$114,547-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$67,890
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
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

At a regular or special meeting of the board of directors, a quorum of the board of directors shall review and approve the final draft of the irs form 990 before its submission to the internal revenue service. The final draft of the irs form 990 was reviewed and approved by the finance committee.

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

Compliance with the conflict of interest policy is monitored regularly during board of directors meetings.

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

Compensation of the chief executive is determined by the executive committee of the board of directors and based on the local market and the most recent compensation studies for nonprofit organizations. Compensation for key employees is determined by the chief executive using the same method.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Form 990, Part VIII

Habitat for humanity receives donated items throughout the year.

Filing and Contact Details

Filer

Filer Name
Habitat for Humanity Las Vegas
EIN
88-0268803
Phone
7026386477
Address
4580 WEST SAHARA AVE SUITE 120, LAS VEGAS, NV 89102

Signing Officer

Name
Angela Phillips
Title
Executive Director
Phone
7026386477
Signed
2023-05-15

Organization Details

Principal Officer
Angela Phillips
Formed
1990
Legal Domicile
Nv
Voting Board Members
15
Independent Board Members
15
Employees
29
Volunteers
412

Preparer

Firm
Houldsworth Russo & Company Pc
Address
8675 S EASTERN AVE STE A, LAS VEGAS, NV 89123-2839
Preparer
Jessica P Sayles
Phone
7022699992
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Habitat for humanity las vegas, inc. (habitat) a not-for-profit organization located in las vegas, nevada was established in 1990. Habitat's purpose is to build low cost houses with the help of the homeowner families, which are transferred to the families at no profit and financed by habitat with affordable, no-interest loans.

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

Since 1991, habitat for humanity las vegas (hfhlv) has been building affordable housing in the las vegas community and has provided safe, secure shelter for over 117 local low-to-moderate income families - 406 people, including 257 children - while also completing 56 neighborhood revitalization projects in the same areas in which we built homes. Hfhlv operates autonomously from habitat for humanity international with its own local board of directors, funding sources and strategic goals for lifting families out of poverty in clark county. We bring people together to build homes, communities, and hope. We meet the needs of the low-to-moderate income families today while transforming their lives for years to come. We focus on building entire communities on previously vacant in-fill lots in clark county; redevelopment zones not suitable for a private developer. Then, using a rigorous selection, education and financial coaching process, we fill the homes with families who become successful homeowners. Hfhlv is not just about the construction of homes. We are about successful homeownership through careful selection of partner families, responsible lending and ongoing support. We invest in the families through financial literacy, home maintenance programs, long-term credit counseling and referrals to community services. Homeownership leads to other quality of life outcomes-improved health, safety, education, and financial opportunity. The gift of a home means so much more than a roof over someone's head. Homeownership is often a catalyst to wealth building, and its impact grows over time with each generation as we break down barriers of limited housing supply, restricted access to credit, and systemic inequities, especially for households of color or single women. Our approach to housing is unique as we provide a solution to the root cause of generational poverty and break its cycle. In addition to making the dream of affordable home ownership a reality, we improve existing homes through our critical home repair program for those impacted by age, disability or family circumstances that are hindered to afford important home maintenance for sustaining, preservation, and safety. Together we can provide a brighter future for families and entire communities, giving those who need it most a "hand up" versus a "hand out."

Form 990, Part XI, Line 9

Restore expenses in cogs 1,348,749 restore expenses in cogs -1,348,749

Financial Statement Notes

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

Restore expenses in cogs 1,348,749

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

Restore expenses in cogs 1,348,749

Raw XML AppendixShowing 400 of 597 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/Desc0SINCE 1991, HABITAT FOR HUMANITY LAS VEGAS (HFHLV) HAS BEEN BUILDING AFFORDABLE HOUSING IN THE LAS VEGAS COMMUNITY AND HAS PROVIDED SAFE, SECURE SHELTER FOR OVER 117 LOCAL LOW-TO-MODERATE INCOME FAMILIES - 406 PEOPLE, INCLUDING 257 CHILDREN - WHILE ALSO COMPLETING 56 NEIGHBORHOOD REVITALIZATION PROJECTS IN THE SAME AREAS IN WHICH WE BUILT HOMES. HFHLV OPERATES AUTONOMOUSLY FROM HABITAT FOR HUMANITY INTERNATIONAL WITH ITS OWN LOCAL BOARD OF DIRECTORS, FUNDING SOURCES AND STRATEGIC GOALS FOR LIFTING FAMILIES OUT OF POVERTY IN CLARK COUNTY. WE BRING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE. WE MEET THE NEEDS OF THE LOW-TO-MODERATE INCOME FAMILIES TODAY WHILE TRANSFORMING THEIR LIVES FOR YEARS TO COME. WE FOCUS ON BUILDING ENTIRE COMMUNITIES ON PREVIOUSLY VACANT IN-FILL LOTS IN CLARK COUNTY; REDEVELOPMENT ZONES NOT SUITABLE FOR A PRIVATE DEVELOPER. THEN, USING A RIGOROUS SELECTION, EDUCATION AND FINANCIAL COACHING PROCESS, WE FILL THE HOMES WITH FAMILIES WHO BECOME SUCCESSFUL HOMEOWNERS. HFHLV IS NOT JUST ABOUT THE CONSTRUCTION OF HOMES. WE ARE ABOUT SUCCESSFUL HOMEOWNERSHIP THROUGH CAREFUL SELECTION OF PARTNER FAMILIES, RESPONSIBLE LENDING AND ONGOING SUPPORT. WE INVEST IN THE FAMILIES THROUGH FINANCIAL LITERACY, HOME MAINTENANCE PROGRAMS, LONG-TERM CREDIT COUNSELING AND REFERRALS TO COMMUNITY SERVICES. HOMEOWNERSHIP LEADS TO OTHER QUALITY OF LIFE OUTCOMES-IMPROVED HEALTH, SAFETY, EDUCATION, AND FINANCIAL OPPORTUNITY. THE GIFT OF A HOME MEANS SO MUCH MORE THAN A ROOF OVER SOMEONE'S HEAD. HOMEOWNERSHIP IS OFTEN A CATALYST TO WEALTH BUILDING, AND ITS IMPACT GROWS OVER TIME WITH EACH GENERATION AS WE BREAK DOWN BARRIERS OF LIMITED HOUSING SUPPLY, RESTRICTED ACCESS TO CREDIT, AND SYSTEMIC INEQUITIES, ESPECIALLY FOR HOUSEHOLDS OF COLOR OR SINGLE WOMEN. OUR APPROACH TO HOUSING IS UNIQUE AS WE PROVIDE A SOLUTION TO THE ROOT CAUSE OF GENERATIONAL POVERTY AND BREAK ITS CYCLE. IN ADDITION TO MAKING THE DREAM OF AFFORDABLE HOME OWNERSHIP A REALITY, WE IMPROVE EXISTING HOMES THROUGH OUR CRITICAL HOME REPAIR PROGRAM FOR THOSE IMPACTED BY AGE, DISABILITY OR FAMILY CIRCUMSTANCES THAT ARE HINDERED TO AFFORD IMPORTANT HOME MAINTENANCE FOR SUSTAINING, PRESERVATION, AND SAFETY. TOGETHER WE CAN PROVIDE A BRIGHTER FUTURE FOR FAMILIES AND ENTIRE COMMUNITIES, GIVING THOSE WHO NEED IT MOST A "HAND UP" VERSUS A "HAND OUT."
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