Habitat For Humanity Inc

(Code: 455000) ReStore Operations - Includes miscellaneous donations, proceeds from sale of scrap, restocking & delivery fees from ReStore.

Financial Opportunity Center (FOC) - This program provides counseling, financial counseling and employment coaching to help individuals achieve their goals. These goals can include increasing income, reducing expenses, building credit or acquiring assets such as becoming eligible to qualify for the Home Ownership program. FOC services are available to anyone, free of charge, and regardless of income, socioeconomic status, criminal history, recovery, etc.. In 2024 395+ clients were counseled or are currently enrolled in the program.

Home Repair Program - The Home Repair Program is an outreach initiative that seeks to provide a wide range of opportunities for low to moderate income homeowners who are struggling to maintain their homes because of age, disability, family circumstances, or lack of sufficient income. Projects consist of interior and exterior repairs intended to alleviate critical health, life and safety issues or code violations. This program allows families to stay in their home due to disrepair. Homeowners will pay based on their income and that is the revenue that is reported.

Mortgage Discounting & Amortization - Due to Habitat mortgages associated with the Home Ownership Program being non-interest bearing the mortgages per accounting regulations are required to be discounted for financial reporting purposes and the discounting is recorded as a program expense. The cumulative amount that has been discounted is amortized over the remaining life of the mortgages and this calculation is referred to as the mortgage amortization and is accounted for as a income item per accounting regulations.

Vendor Rebates, Endowment Gain.