Habitat for Humanity of Metro Louisville
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Habitat for Humanity of Metro Louisville meets the 20 Standards for Charity Accountability.
Stated Purpose:
Seeking to put God's love into action, Habitat for Humanity of Metro Louisville brings people together to build homes, community, and hope through affordable housing solutions of homeownership, community development, and home repair.
Year, State Incorporated:
1985, KY
Habitat for Humanity of Metro Louisville believes everyone deserves a decent place to live. Habitat programs work to increase the number of owner-occupied houses and preserve affordable home ownership. The nonprofit empowers low-income families and individuals to reach their full potential through decent, affordable homeownership. Hard-working homebuyers are provided with a hand-up, not a handout. Homeownership unlocks the ability to build financial stability, to excel at work and school, and to grow up in a healthier environment.
For the year ended December 31, 2023, Habitat for Humanity of Metro Louisville's program expenses were:
| Home Ownership | $5,156,746 |
| ReStore | $3,042,127 |
| Discount on Mortgage Orginations | $1,623,429 |
| Home Preservation | $787,352 |
| Park Springs | $606,433 |
| Total Program Expenses | $11,216,087 |
Chief Executive
Rob Locke, CEO
Chair of the Board
Dr. Glenn Kosse
Chair's Profession / Business Affiliation
Vice President, H2R Consulting LLC
Board Size
23
Paid Staff Size
50
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Radio, Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Appeals via Social Media (Facebook, etc.), Solicitations for Used Cars
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Habitat for Humanity of Metro Louisville's audited financial statements - consolidated for the year ended December 31, 2023.
Source of Funds
| Home sales | $3,165,589 |
| Contributions and grants | $2,922,514 |
| Contributions of nonfinancial assets | $1,790,882 |
| Mortgage loan discount amortization | $1,706,739 |
| ReStore sales - contributed items | $1,602,922 |
| Forgiveness of debt | $1,051,358 |
| Net investment return | $378,429 |
| Mortgage revenue | $165,833 |
| Gain on sale of property | $144,739 |
| Miscellaneous income | $114,728 |
| Lot sales | $105,375 |
| Rental income | $58,030 |
| ReStore sales | $51,515 |
| Administrative fee income | $17,940 |
| Total Income | $13,276,593 |
Programs: 91% Fundraising: 4% Administrative: 5%
| Total Income | $13,276,593 |
| Total expenses: | $12,319,101 |
| Program expenses | $11,216,087 |
| Fundraising expenses | $499,702 |
| Administrative expenses | $603,312 |
| Other expenses | $0 |
| Income in Excess of Expenses | $957,492 |
| Beginning Net Assets | $17,829,832 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $18,787,324 |
| Total Liabilities | $5,211,326 |
| Total Assets | $23,998,650 |
Total assets as reported above include $1,639,317 in property and equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Report completed by:
BBB serving Greater Kentucky and South Central Indiana