PLATINUM2024

Habitat for Humanity Mid-Yellowstone Valley Subordinate

aka Habitat for Humanity MYV   |   Billings, MT   |  www.billingshabitat.org
GuideStar Charity Check

Habitat for Humanity Mid-Yellowstone Valley

EIN: 81-0477610  Subordinate info


Mission

Our mission: Seeking to put God's love into action, Habitat for Humanity brings people together to build homes, communities and hope. Our vision: A world where everyone has decent place to live.

Ruling year info

1987

Principal Officer

Jim Woolyhand

Main address

685 King Park Dr

Billings, MT 59102 USA

Show more contact info

EIN

81-0477610

Subject area info

Environment

Housing development

Human services

Population served info

Families

Parents

Religious groups

Low-income people

Working poor

Show more populations served

NTEE code info

Housing Development, Construction, Management (L20)

Fund Raising and/or Fund Distribution (P12)

Fund Raising and/or Fund Distribution (C12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Habitat for Humanity partners with people in Yellowstone county and all over the world to help them build or improve a place they can call home.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Housing Program

To build decent, affordable houses for low-income families.

Population(s) Served
Families
Caregivers
Parents
Low-income people
Working poor

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of people no longer living in unsafe or substandard housing as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Related Program

Housing Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Due to permitting issues with the city and having to go through a variance request, HfH MYV was unable to complete any houses in 2023. Habitat is scheduled to close on house #93 Feb. 2024

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

A world where everyone has a decent place to live.
1. Demonstrate the love of Jesus Christ
2. Focus on Shelter
3. Advocate for affordable housing
4. Promote dignity and hope
5. Support sustainable and transformative development

Habitat for Humanity Mid-Yellowstone Valley will continue to fundraise and bring in grant revenue along with revenue from the Habitat for Humanity ReStore to be able to focus on shelter.
Habitat for Humanity Mid-Yellowstone Valley will continue work closely with committees such as the Community Faith Engagement Committee to continue building faith engagement and community involvement to demonstrate the love of Jesus Christ.
Habitat for Humanity Mid-Yellowstone Valley's Board of Directors will continue to plan accordingly for the future, focusing on growth or the organization and how to have the best footprint in the community.

Habitat for Humanity Mid-Yellowstone Valley continues to build 3 to 4 homes a year, putting individuals and families into brand new affordable homes with a 0% interest rate, making the payments sustainable long-term.

Financials

Habitat for Humanity Mid-Yellowstone Valley
Fiscal year: Jul 01 - Jun 30
Financial documents
2022 Brian Van Steeland, CPA
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

0.63

Average of 9.05 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

3.5

Average of 4.7 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

27%

Average of 22% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Habitat for Humanity Mid-Yellowstone Valley

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Habitat for Humanity Mid-Yellowstone Valley

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Habitat for Humanity Mid-Yellowstone Valley

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Habitat for Humanity Mid-Yellowstone Valley’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $514,274 -$5,761 $391,899 $241,302 $147,674
As % of expenses 33.7% -0.4% 27.8% 13.3% 8.7%
Unrestricted surplus (deficit) after depreciation $488,987 -$60,792 $335,764 $183,904 $93,138
As % of expenses 31.5% -4.2% 22.9% 9.8% 5.3%
Revenue composition info
Total revenue (unrestricted & restricted) $1,998,161 $1,390,734 $1,736,995 $2,087,483 $1,787,072
Total revenue, % change over prior year 36.0% -30.4% 24.9% 20.2% -14.4%
Program services revenue 62.5% 37.4% 28.7% 35.2% 20.1%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 1.3% 1.3% 0.7% 0.4% 0.9%
Government grants 0.0% 0.0% 5.0% 4.2% 0.0%
All other grants and contributions 18.7% 13.7% 19.5% 10.3% 24.8%
Other revenue 17.5% 47.6% 46.1% 49.9% 54.2%
Expense composition info
Total expenses before depreciation $1,525,180 $1,401,331 $1,408,796 $1,813,859 $1,694,686
Total expenses, % change over prior year 17.7% -8.1% 0.5% 28.8% -6.6%
Personnel 33.8% 38.6% 45.4% 32.6% 40.3%
Professional fees 2.7% 2.8% 3.1% 2.6% 3.2%
Occupancy 6.5% 0.1% 0.1% 0.0% 0.0%
Interest 1.6% 6.7% 6.4% 4.8% 4.9%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 55.4% 51.7% 45.0% 60.0% 51.5%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $1,550,467 $1,456,362 $1,464,931 $1,871,257 $1,749,222
One month of savings $127,098 $116,778 $117,400 $151,155 $141,224
Debt principal payment $0 $61,318 $64,566 $68,478 $71,800
Fixed asset additions $2,212,733 $0 $0 $0 $0
Total full costs (estimated) $3,890,298 $1,634,458 $1,646,897 $2,090,890 $1,962,246

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 7.2 2.6 2.1 2.9 3.5
Months of cash and investments 12.6 5.6 5.8 5.4 8.2
Months of estimated liquid unrestricted net assets 19.4 20.4 22.8 18.9 18.8
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $909,151 $303,387 $247,681 $436,984 $497,177
Investments $698,113 $347,932 $435,508 $384,378 $664,166
Receivables $695,033 $745,122 $796,437 $940,391 $570,561
Gross land, buildings, equipment (LBE) $2,347,739 $2,351,970 $2,384,452 $2,384,452 $2,384,452
Accumulated depreciation (as a % of LBE) 3.8% 5.8% 7.9% 10.3% 12.6%
Liabilities (as a % of assets) 41.0% 42.2% 38.8% 35.9% 36.3%
Unrestricted net assets $2,744,191 $2,683,399 $3,019,163 $3,203,067 $3,028,470
Temporarily restricted net assets $47,310 N/A N/A N/A N/A
Permanently restricted net assets $177,506 N/A N/A N/A N/A
Total restricted net assets $224,816 $216,121 $241,521 $214,062 $179,062
Total net assets $2,969,007 $2,899,520 $3,260,684 $3,417,129 $3,207,532

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Jim Woolyhand

Number of employees

Source: IRS Form 990

Habitat for Humanity Mid-Yellowstone Valley

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Habitat for Humanity Mid-Yellowstone Valley

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Habitat for Humanity Mid-Yellowstone Valley

Board of directors
as of 01/22/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

John Daubert

Yellowstone Bank

Term: 2023 - 2024

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Not applicable
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 1/22/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.