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Habitat for Humanity International
Transparency Grade: A Rating Sector: Community Development 5 Star Financial Efficiency Rating:
Total Revenue: $246,178,000 Total Expenses: $300,434,000 Net Assets: $224,552,000 Email us here to send electronic copies of updated IRS Form 990 and/or Audited Financial Statements. You may also request changes to any of the non-financial content for a given ministry. Please be as specific as possible for any changes. Profile Contents
5% Fundraising 6.com 5 Star Financial Efficiency Ratings Analyst Comments Ministry Statement or Response
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Financial Ratios Balance Sheet.4% 4.• • • • • • •
Organizational Details Ministry Purpose Mission Statement Program Accomplishments Statement of Faith History Ministry Needs
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Transparency Grade MinistryWatch.2% -22%
.1% 101.4% 15.3% Savings -. Revenue and Assets Functional Expenses
Database Avg This Ministry Program 81.1% General & Admin 12.
decent. nondenominational Christian housing organization.200 affiliates worldwide. Homeowners and volunteers build the houses under trained supervision. corporations. affordable. faith groups and others provide financial support. Three factors make Habitat houses affordable to low-income people worldwide: Houses are sold at no profit. with no interest charged on the mortgage. Affiliates coordinate house building and select partner families.Age Size Box:
>50 Yr(s) 2550 <25 <$1m $1m>$5m $5m
Habitat for Humanity International ("HFHI") is a nonprofit.
. houses in partnership with those in need of adequate shelter. Individuals. Habitat houses are purchased by the homeowner families. Homeowner families are chosen according to their need. no-interest mortgage. their ability to repay the no-profit. Habitat for Humanity's work is organized at the local level by more than 2. They welcome all people to join them as they build simple.
their ability to repay the no-profit. nondenominational Christian housing organization. Millard Fuller Year Founded: 1976 Tax Deductible: Yes Fiscal Year End: June 30 Financial info from: 990 Member of ECFA: No Member of ECFA since:
Purpose [ Back to top ]
Habitat for Humanity International ("HFHI") is a nonprofit. Homeowners and volunteers build the houses under trained supervision. They are as follows: 1.
Contact Information: [ Back to top ]
Mailing Address: 121 Habitat St. affordable. houses in partnership with those in need of adequate shelter. Americus. Habitat houses are purchased by the homeowner families with three factors that make these houses affordable to low-income people worldwide. This organization is a nonprofit. faith groups and others provide financial support. Contributions to it are fully tax deductible to the extent allowed by the law. (800) 422-4828 Email: publicinfo@hfhi. They welcome all people to join them as they build simple. Affiliates coordinate house building and select partner families. This organization is a nonprofit. with no interest charged on the mortgage.habitat. Contributions to it are fully tax deductible to the extent allowed by the law.
Mission Statement [ Back to top ]
. GA 31709-3498 Website: www. and their willingness to work in partnership with HFHI. decent. corporations. HFHI's work is organized at the local level by more than 2. 2.org Phone: (229) 924-6935. 3. Individuals. Houses are sold at no profit. Jonathan Reckford Chairman: Mr.org
Organization Details [ Back to top ]
EIN: 911914868 CEO/President: Mr. no-interest mortgage. Homeowner families are chosen according to their need.200 affiliates worldwide. Ron Terwilliger Board Size: 31 Founder: Mr.and their willingness to work in partnership with HFHI.
" Habitat for Humanity welcomes all people to build with us in partnership.Habitat for Humanity International uses the following to express its mission: The work of Habitat for Humanity is driven by the desire to give tangible expression to the love of God through the work of eliminating poverty housing. Everyone can use the hammer as an instrument to manifest God's love. we believe God magnifies the effects of our efforts.. The Theology of the HammerHabitat is a partnership founded on common ground -bridging theological differences by putting love into action. giving what they have without seeking profit or interest. bringing diverse groups of people together to make affordable housing and better communities a reality for everyone.. it will be posted on the ministry's profile. "we may disagree on all sorts of other things.it must be true love." Together. The Economics of Jesus When people act in response to human need. the "economics of Jesus" and the "theology of the hammer. the donated labor of construction volunteers. affordable housing a reality for more than 125. Our love must not be words only -. By sharing resources with those in need. but we can agree on the idea of building homes with God's people in need. "The Bible teaches that God is the God of the whole crowd. 2. "God's love leaves nobody out." explains Fuller. steadily building more and more houses in more and more countries.673 affiliates in the United States and a total of 2. Habitat Founder and President Millard Fuller calls this concept "the theology of the hammer. This understanding drives 'the theology of the hammer' around the world. Habitat provides an opportunity for people to put their faith and love into action.000 houses." 1. Habitat refers to this perspective as "the economics of Jesus. The organization has 1. Habitat's mission and methods are predominantly derived from three key theological concepts: the necessity of "putting faith into action". Putting Faith Into Action Habitat for Humanity's ministry is based on the conviction that to follow the teachings of Jesus Christ we must reflect Christ's love in our own lives by loving and caring for one another. At such time that MinistryWatch receives such.
Statement of Faith [ Back to top ]
Habitat for Humanity has not provided a Statement of Faith.
. and my love should not either. the support of partner organizations and the homeowners' "sweat equity" make Habitat's house-building possible."
Program Accomplishments [ Back to top ]
At the close of FY 2003.291 worldwide. which shows itself in action. and in doing so using biblical economics: no profit and no interest. Habitat volunteers and supporters have made decent.000 families worldwide. Habitat for Humanity was working in 89 nations and had built over 150." explaining. 3.
It is not a handout. having recently left a successful business in Montgomery. and money earned by fund-raising activities. . . The fund will give away no money. Ala. Habitat for Humanity International (HFHI) as an organization was born at this meeting. interracial. vividly described in Millard Fuller's
. Capital was donated from around the country to start the work. Christian farming community founded in 1942 outside of Americus. An open letter to the friends of Koinonia Farm told of the new future for Koinonia: "What the poor need is not charity but capital.History [ Back to top ]
Since its founding in 1976 by Millard and Linda Fuller. The monies in the Fund for Humanity was used to build more houses. Zaire In 1973. the Fullers decided to apply the Fund for Humanity concept in developing countries. Money for the fund came from shared gifts by those who feel they had more than they need and from noninterest bearing loans from those who could not afford to make a gift but who wanted to provide working capital for the disinherited. The eight years that followed.000 people. not caseworkers but co-workers. honorable and just way of divesting themselves of their overabundance. And what the rich need is a wise. Jordan and Fuller developed the concept of "partnership housing" -where those in need of adequate shelter worked side by side with volunteers to build simple. The Fund for Humanity met both of these needs. a small. Habitat for Humanity International In September 1976. The Fullers' goal was to offer affordable yet adequate shelter to 2. After three years of hard work to launch a successful house building program. Koinonia Farm laid out 42 half-acre house sites with four acres reserved as a community park and recreational area. by farmer and biblical scholar Clarence Jordan. The houses were built with no profit added and no interest charged. becoming a true world leader in addressing the issues of poverty housing. The Fuller family moved to Mbandaka. decent houses. Zaire (now the Democratic Republic of Congo). The Fullers first visited Koinonia in 1965. Koinonia Farm and the Fund for Humanity: The concept that grew into Habitat for Humanity International was born at Koinonia Farm. the Fullers returned to the United States." In 1968. Ga. donations and no-interest loans provided by supporters. The fund's money came from the new homeowners' house payments. Building was financed by a revolving Fund for Humanity. HFHIl has built and rehabilitated more than 125. Millard and Linda called together a group of supporters to discuss the future of their dream. The basic model of Habitat for Humanity took form.000 houses with families in need. . At Koinonia Farm. Homes were built and sold to families in need at no profit and no interest.
Ministry Needs [ Back to top ]
Habitat for Humanity International has affiliates in all 50 United States. took their first Habitat for Humanity work trip.000 houses.decent housing for all. Their personal involvement in HFHI's ministry brought the organization national visibility and sparked interest in HFHIt's work across the nation. community groups and others have joined together to successfully tackle a significant social problem -. Faith. thousands of low-income families have found new hope in the form of affordable housing. Churches.S. and direction set HFHI on its successful course.org/local/ . The Results Through the work of HFHI.com 5 Star Financial Efficiency Ratings [ Back to top ]
Ranking Category Overall Efficiency Rating Rating Overall Rank 253 of 341 Community Development Sector 15 of 24
. hard work. Rosalynn. President Jimmy Carter and his wife. Love in the Mortar Joints.
Transparency Grade [ Back to top ]
Transparency Grade of : A Criteria category Grade Other Comments Timeliness: 100 Financial Information: 100 Foundational Clarity: Level of Cooperation: Click here to compare ministries on transparency and other stats Click here to learn more about how ministries are graded
MinistryWatch. proved that the vision of a housing ministry was workable. HFHI experienced a dramatic increase in the number of new affiliates around the country. Today. the "Jimmy Carter Work Project. and in every country and province listed on their website at http://www. If you still have problems finding an affiliate close to you. sheltering more than 625. 2551 or 2552.000 communities worldwide. former U.book.org or call (229) 924-6935 ext. please email your name and address to publicinfo@hfhi. Phenomenal Growth In 1984. Habitat for Humanity has built more than 125." to New York City.000 people in some 3.habitat.
Habitat’s recent moves toward government involvement may compromise the organizations ability to motivate volunteers to become involved in projects.Ranking Category Fund Acquisition Decision Resource Allocation Decision
Rating Overall Rank 315 of 341 152 of 341
Community Development Sector 23 of 24 9 of 24
Asset Utilization Decision 205 of 341 11 of 24 Learn how the ratings are calculated for this ministry Learn how ratings are calculated in general -. those who cannot meet the “ability to repay” criteria).). Habitat’s open-ended structure (2.or here for a longer explanation Click here to compare ministries Supporters Might Say
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Habitat truly demonstrates the love of God to the needy. Habitat does not meet the needs of the desperately poor (i. Thus it is reaching out to the truly needy of the world.S. Openness is a virtue that allows for the furtherance of the work. Habitat encourages work and responsibility among the poor. Habitat is currently building homes in some 23 countries at an average cost of less than $5000 (U.
Critics Might Say
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Habitat’s goals are unrealistic. Millard Fuller’s personal testimony and example is an inspiration to many. What about our own poor? Without a statement of faith to define its principles of ministry.e. Habitat’s building $150. Allowing local affiliates to operate as independent corporations gives the organization flexibility to respond to the particular needs of their communities.S. as opposed to simply giving handouts.
. Participating in a Habitat build is an excellent way to put one’s faith into action. Habitat is unparalleled in its vision for meeting man’s need for housing. The majority of Habitat’s work takes place outside of the U.000 homes in Silicon Valley is a departure from its goal of eliminating sub-standard housing of the poor towards a different goal of providing affordable housing for the middle-class. Habitat risks becoming Christian in name only.000 independent affiliates) may divest the organization of any unified direction..
the result of the vision and efforts of Millard Fuller. 25:31-46. in large part. What you don’t see in Sumter County is sub-standard housing. Georgia. Essence of Ministry Something is going on in Georgia’s Sumter County. founder and president of Habitat for Humanity International. MinistryWatch. Habitat does not have a doctrinal statement.
Analyst Comments [ Back to top ]
MinistryWatch.com’s Take December 2002 By Andy Preslar and Rodney Pitzer
Habitat for Humanity International is a leader in reducing poverty housing by building houses around the world so that people can have a simple.com is able to conclude that Habitat utilizes a greater portion of its financial resources to support its fundraising activities than other ministries. however. I Jn. The elimination of poverty housing in Sumter County is. and will be rewarded by Jesus himself (Mt. many will say impossible. however. You know this is the case not so much by what you see as by what you don’t see.Theological Considerations
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Habitat is forthright about its Christian identity and purpose of being a testimony to the Gospel of Jesus Christ. decent place to live on terms they can afford to pay. As the name of his organization implies.” If Habitat continues with plans to become involved with the state (on certain projects). and Habitat for Humanity is working across the
. Habitat demonstrates superior transparency with regard to its finances. Fuller. Fuller’s vision extends well beyond the area immediately surrounding his modest office in Americus. Habitat for Humanity exists in order to “eliminate poverty housing and homelessness from the face of the Earth. Fuller admits to feeling a “daily pressure to secularize. Fuller’s intention of maintaining a strong Christian identity may be incompatible with the kind of openness he espouses.” This is an extraordinary.” which may be interpreted as a mere social gospel. is not daunted by the immensity of the task. and not one of personal salvation. goal. Participating in a Habitat build provides many volunteers with a chance to share their faith. this pressure could become overwhelming. 4:20). Despite his Christian convictions. Showing the love of God by meeting the practical needs of our fellow men is a biblical value. Habitat nowhere officially defines “the Gospel.
but as homeowners.
It is important to note that the homeowners are required to put in some 500 hours of work on their homes. In the 26 years of its existence.globe to build decent homes for poor families. and their payments would go toward replenishing the “Fund for Humanity. where he worked on a variety of projects. and since those early days. Habitat for Humanity has built over 120.000 affiliates existing worldwide. Habitat for Humanity has grown into one of the largest homebuilders in the country (helped in large part by the PR it received due to Jimmy Carter’s involvement beginning in 1984). Clarence Jordan that the Fuller’s first became motivated to help poor families get out of slums and shacks and into decent. affordable housing. and Fuller himself doesn’t give orders. Each of Habitat’s affiliates is an independent corporation. and with his wife Linda. but steadily. having some 600campus chapters.000 homes worldwide. with some 2. yet decent houses were built for poor farmers. what Habitat for Humanity does is to provide a helping hand to those who are willing to work for a better life. founded Habitat for Humanity. The following criteria are used by Habitat for Humanity as the basis for selecting homeowners:
. Habitat enjoys great popularity among college students. The organization grew slowly. so there is no top-down hierarchy. In 1976 he returned to Georgia. including the construction of 114 homes. Organization and Strategy of Ministry Habitat for Humanity is organized on a local level. Origin and History of Ministry Habitat for Humanity was founded in 1976 by Millard and Linda Fuller. Houses are built by homeowners and volunteers under trained supervision. Jordan and Fuller would sell the houses for no profit and charge no interest. Building is financed largely by charitable donations. The strategy used by Habitat for Humanity to implement the goal of providing affordable housing for the poor can be summarized as follows:
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Houses are sold for no-profit on an interest-free mortgage.” whereby modest. Each affiliate is responsible to organize and mobilize its community to put Habitat’s overall strategy into effect. In 1973 Fuller left Koinonia for Zaire. providing decent and affordable housing for over 600. It was through the influence of Dr.” This method of providing housing for the poor became the basic model of Habitat for Humanity. The homeowners would buy on a 20-year mortgage. who would occupy the homes not as tenants.000 low-income persons. Thus. The greatest fruit of this new direction was the development of a “Fund for Humanity.
whatever their religion (or lack thereof).
Financial Quick Take
. and money to help their fellow man. the organization’s stated goal is “eliminating inadequate and poverty housing as a witness to the gospel of Jesus Christ. Habitat promotes its mission and encourages volunteer turnout by a variety of programs. and devotions are usually. sweat. Habitat does not discriminate on the basis of faith. though not always. In spite of its self-professed Christian identity. because there is no doctrinal statement imposed from the top down (in keeping with Habitat’s principle of local organization). The strength of Habitat’s Christian identity varies from affiliate to affiliate.” 5 Star Financial Efficiency Ratings
Habitat for Humanity International had a below average rating due primarily to a larger amount of fundraising expenses than the average organization. Habitat also solicits contributions. where severely limited resources constrain local fund-raising. receive the majority of their funding from Habitat. Its fundraising expenses were more than three times that of the average ministry. but I also want it to be very open. Some affiliates in developing countries. Habitat World. the truth. at about 21%. The backbone of the organization is its local affiliates. held at the beginning of workdays. and the life. All affiliates are encouraged to be self-supporting in their fund-raising efforts. Anyone who shares Habitat’s vision of eliminating sub-standard housing is welcome to join the team. both cash and in-kind on behalf of its affiliates. including:
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Corporate Partnerships: encourages co-workers to unite and participate in a Habitat house build “Global Village”: tours of countries in which Habitat works “Women Build”: all-women crews of builders Campus Chapters and Youth Programs: brings young people together for Habitat projects Church Relations: appeals to local congregations to put their faith to action
Principles of Ministry Habitat for Humanity is forthright and unabashed about its identity as a Christian ministry.• •
ability to repay willingness to work
Habitat for Humanity is building homes in 76 countries worldwide. In Fuller’s words: “I want to keep Habitat firmly Christian. Affiliate offices operate under a covenant agreement with Habitat. however.” Bibles are handed out with house keys to the owners of Habitat homes. and the thousands upon thousands of volunteers and supporters who donate time. Fuller himself confesses belief in Jesus Christ as “the way.” In Habitat’s bi-monthly publication.
Habitat uses quality. Decent.large enough for the homeowner family's needs. Inc. but small enough to keep construction and maintenance costs to a minimum. Habitat for Humanity International agreed to guarantee a $590. Habitat will send its IRS form 990 to anyone upon request. Affordable. House designs reflect the local climate and culture.
Bits & Pieces Habitat for Humanity Houses: Whether in the United States. Trained staff supervises Habitat house construction and educate volunteers and partner families. efficient building methods.647.000 Mortgage Note by Uptown Habitat for Humanity. a body created by and existing pursuant to the Illinois Development Act. Tithes from U. locally available building materials. the actual home construction is performed by more than 1600 Habitat affiliates.624. The affiliate’s current activity is reflected with revenue of $270. and the Americus-Sumter County (Georgia) affiliate.S. modest house sizes and a no-profit.755 in 2001. The financial information pertains to Habitat for Humanity International. affiliates totaled $9. no-interest loan make it affordable
. and is due and payable on 8/1/28. Habitat is organized as an Internal Revenue Code section 501(c)(3) organization with the Internal Revenue Service (IRS). Habitat has now spun off the operations of its Americus-Sumter Country Affiliate into a separate legal entity. The affiliate will be a self-supporting organization in their fund-raising efforts and will operate under a covenant agreement with Habitat for Humanity International. Habitat houses are modestly sized -. Habitat undergoes a yearly audit by a Certified Public Accountant. which is the parent organization for Habitat work around the world. Canada or in more than 80 other countries around the world. The obligation is payable to the Illinois Housing Development Authority.•
The above financial information is not the entire financial picture. Habitat maintains copies of its IRS form 990 and Annual Report on its web site. as such it files an annual financial report with the IRS (IRS form 990).289. The labor of volunteers and partner families. All affiliates are expected to “tithe” 10% of their unrestricted cash contributions to support Habitat work outside their own country. Habitat will send its audited financial statement upon request. expense of $314.039.610 and transferred assets totaling $9.
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Habitat for Humanity International has demonstrated superior openness and transparency through the degree of their responsiveness and the quality and quantity of information provided. Habitat for Humanity houses are built according to three guiding principles:
Simple. In the United States.
Meals are cooked outdoors in many African countries.for example. with Gypsum board interior walls. Habitat Houses Around the World: From the tropical islands of the Philippines to the mountains of Peru. Habitat affiliates build with locally available materials. ext 2622. laundry and other chores traditionally are done on a small outdoor utility porch. while houses in the Pacific are often built with wood frames and are constructed on stilts. Habitat house sizes always are designed to meet the homeowner families' needs while keeping costs as low as possible. a 3-bedroom Habitat house may have no more than 1.S. For more information on Habitat and accessible housing.050 square feet of living space according to HFHI guidelines. U. there Habitat plans call for a kitchen area outside the house rather than inside. Habitat builds houses designed for the local setting. and Canadian Habitat houses are modestly sized by North American standards -. How are the partner families selected? Families in need of decent shelter apply to local Habitat affiliates. vinyl siding and asphalt shingle roofs.for low-income people around the world to purchase a Habitat for Humanity house. Habitat houses in developing countries are often considerably smaller than their North American counterparts. houses in many African countries are constructed with fired clay bricks. their willingness to become partners in the program and their ability to repay the no-interest loan. such as a zero-step entrance and wide passage doors and hallways. please contact HFHI's Construction and Environmental Resources department at (912) 924-6935. For example. Houses built in partnership with families with disabilities include additional accessibility features. Habitat for Humanity International's commitment to build with people in need readily extends to those with disabilities. People of different countries use their houses in different ways. thereby making the houses affordable to low-income families. Habitat Houses in North America: Habitat houses in the United States and Canada generally are built using wood frame construction. with tile roofs made of cement or fired clay. Every
. reducing costs and making it easier for homeowners to maintain the houses. Filipino Habitat house designs reflect this custom. In the Philippines. Habitat's house designs reflect these cultural considerations. The affiliate's family selection committee chooses homeowners based on their level of need. No matter where they are built. Some affiliates also use proven alternative building materials such as adobe or straw bale construction. HFHI's board of directors has endorsed the concept that all Habitat houses should incorporate basic accessible design features. Houses in Latin America often are built with concrete block or adobe walls and metal roofs.
For the fiscal year that ended June 30. we estimate the entire Habitat for Humanity movement grossed $747. costs and sweatequity requirements for Habitat houses in your area. Gifts received by HFHI that are designated to a specific affiliate or building project are forwarded to that affiliate or project. affordable housing.2 million in cash contributions and grants. Habitat for Humanity affiliates and national organizations keep their own records of revenues and expenditures. and 9 percent management and general expense. If your family.8 million in sales of houses and $37.
Financial Ratios[ Back to top ]
Funding Ratios Return on FR Efforts Fundraising Cost Ratio Contributions Reliance Fundraising Expense Ratio Other Revenue Reliance Operating Ratios Program Expense Ratio Spending Ratio Database Average 2008 9% 17% 6% 15% 83% 89% 6% 13% 17% 11% Database Average 2008 81% 83% 100% 122% 2007 10% 9% 93% 11% 7% 2007 85% 83% 2006 10% 9% 94% 15% 6% 2006 81% 63% 2005 0% 0% 0% 0% 0% 2005 0% 0% 2004 0% 0% 0% 0% 0% 2004 0% 0%
. $34. use can use Habitats website search engine to find the names and phone numbers of affiliates in your area.9 million in revenue: 438. as well as information on the application process. whether to a local Habitat affiliate or to HFHI. contact the Habitat affiliate nearest you. is in need of decent. $237. As autonomous nonprofit organizations. are used as designated by the donor. 2002. Neither race nor religion is a factor in choosing the families who receive Habitat houses. or contact the Habitat help line at (800)422-4828. ext. or a family you know. If you're not sure where a local Habitat affiliate might be.2 million in other support. Local affiliates can give you information on the availability.7 million in gifts-in-kind.
Ministry Statement or Response [ Back to top ]
The audited financial statements of Habitat for Humanity International reflect only part of the story of Habitat for Humanity's scope of work around the world.affiliate follows a nondiscriminatory policy of family selection. those figures are not included in the financial statements of Habitat for Humanity International. size. 2551 or 2552. Undesignated gifts are used where most needed and for administrative expenses. Overall. Habitat for Humanity's estimated expense ratios in FY 2002 were 81 percent program. How are donations distributed and used? Donations. 10 percent fund raising.
000 Expenses Other Current $0 2007 2006 2005 2004 $121.676.000 Assets TOTAL ASSETS $299.393.9yr(s) 0.06x .597.Program Output Ratio Savings Ratio Reserve Accumulation Rate General & Admin Ratio Investing Ratios Total Asset Turnover Degree of L-T Investment Current Asset Turnover Age of Assets Liquidity Ratios Current Ratio Current Liabilities Ratio Liquid Reserve Level Solvency Ratios Liabilities Ratio Debt Ratio Reserve Coverage Ratio
81% 101% 71% 51% 0% 0% 0% -22% 17% 37% 0% 0% 3% -24% 21% 60% 0% 0% 12% 5% 4% 4% 0% 0% Database Average 2008 2007 2006 2005 2004 2.000 Receivables.020.11x .148.98x 12.08x .000
$16.9yr(s) 5.6yr(s) 6.000 $123.843.415.54x 0x 0x Database Average 2008 2007 2006 2005 2004 .000 $0 $0 $0 $0
.0yr(s) Database Average 2008 2007 2006 2005 2004 110.130.728.122.908.06x .000 $67.000 $42.500.000 Assets Long-Term $0 Investments Fixed Assets $13.05x 1.000 $77.000 $6.285.24x 12.111.9x .929.000 Other Long-Term $2.152.22x 0x 0x .000 $2.000 $20.000 $41.000 $130.000 $20.33x .000 $23.000 $11.000 $283.043.000 $127.000 Liabilities 2008 Payables & Accrued $31.304.18x .000 $94.332.000 $21.000 $263.129.000 Assets Total Long-Term $15.08x 0x 0x 5.048.669.79x 0x 0x 3.111.000 $6.86x .05x 1.000 $17.000 $145.397.382.000 $10.978.773. Inventories & $80.000 $29.09x 12.636.000 $17.000 $7.272.844.6yr(s) 5.85x 0x 0x 8.168.47x 9x 0x 0x .64x 1x .412.236.000 $329.442.000 $0 $835.069.1x .25x .11x 1.249.000 $11.000 $18.000 $106.051.000 $0 $0
$13.000 $64.0yr(s) 0.000 $126.24x .000 Prepaids Short-Term $149.000 $19.12x 0x 0x 79% 75% 95% 98% 0% 0%
Financials[ Back to top ]
Balance Sheet Assets 2008 Cash $54.75x 8.000 Investments Total Current $284.503.682.06x 1.83x 10.646.825.11x 0x 0x 4.08x .000 2007 2006 2005 2004 $26.365.546.897.000 $345.343.
000 $6.000 EXPENSES Change in Net 2008 2007 2006 2005 2004 Assets SURPLUS ($54.000 $33.000 $88.868.495.000) $58.257.098.000 $13.000 Liabilities TOTAL $75.879.669.206.000 $7.573.000 $63.000 Liabilities Debt $29.000 $12.249.629.000 Restricted Permanently $0 $0 $0 $0 $0 Restricted NET ASSETS $224.787.852.037.000 $121.000 $4.216.000 $31.991.000 $56.303.552.000 $334.000 $16.000 $138.000 $37.000 $8.918.000 Revenue and Expenses Revenue 2008 2007 2006 2005 2004 Total $218.000 $0 $0 $0 Liabilities Total Long-Term $43.323.178.000 $234.588.000 $496.000 $178.000 $9.918.868.486.000 Other Long-Term $14.000 $160.438.302.233.127.282.506.967.255.021.000 $46.226.352.312.167.000 $991.000 $26.000 $7.258.000 $23.997.608.000 $23.000 $223.000 $20.000 Total Other $27.759.057.755.000 $52.000 $37.000 $13.000 $4.577.000 $9.123.000 $58.000 $12.000 Management & $13.000 $8.897.000 $33.000 $4.000 $10.484.037.621.637.646.000 Contributions Program Service $12.000 Revenue Membership $0 $0 $0 $0 $0 Dues Investment $8.000 Income Other Revenue $6.000 General Fundraising $37.000 (DEFICIT)
.766.952.000 $219.324.200.000 $355.016.389.000 $131.414.032.000 $11.000 $166.243.000 $74.000 TOTAL $300.370.000 $30.000 $34.000 $29.000 $71.206.415.000 $281.803.000 $26.000 $34.000 REVENUE Expenses 2008 2007 2006 2005 2004 Program Services $249.007.000 Temporarily $193.000 $32.000 $296.641.000 $355.001.000 $176.573.416.174.883.000 $6.805.000 $180.434.000 Revenue TOTAL $246.000 $251.257.000 $31.031.000 $182.000 $33.858.854.000 LIABILITIES Assets 2008 2007 2006 2005 2004 Unrestricted $30.000 $20.000 $63.636.397.503.660.832.206.000 $332.Liabilities Total Current $31.609.000 $153.541.823.000 $15.000 $7.000 $33.000 $5.000 $193.271.765.367.292.
000 $20.000 $1.914.006.813.000 $0 $1.000 $0 $157.Other Changes in ($2.000 $893.000 $28.441.000 $580.000 $7.587.251.030.097.339.000 $9.000 $183.885.000 $19.000 $0 $341.000 $0 $0 $0 $1.000 $0 $142.495.000 $6.439.000 $22.000 $0
$20.000 $0 $0 $0 $1.000 $0 $0 $0 $748.000 NET ASSETS
Functional Expenses [ Back to top ]
2008 Grants & Allocations Specific Assistance to Individuals Grants and other assistance to outside Benefits Paid To or For Members Compensation of Officers.000 $2.382.000 $17.930.000 $17.949.099.000 $40.000
$45.108.621.201.653.000 $121.666.047.211.709.249.000 $0 $2.000 ($33.224. Wages Pension Plan Contributions Other Employee Benefits Payroll Taxes Management Legal Fees Accounting Fees Lobying Professional Fundraising Fees Investment management fees Other (fees) Advertising and promotion 2007 2006 2005 2004
$11.000 $0 $0 $0 $827.000 $131.000 Net Assets TOTAL CHANGE IN ($56.084.000 $240.000 $69.000 $34.608.000 $2.685.000 $1.751.000) $61.413.000 $0 $0 $0 $1.000 $466.172.424.125.000 $1.000 $9.000 $83.000 $1.529.000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
.064.000 $0 $320.000 $8.000 $31.000) $448. Directors Compensation (not included above) to disqualified Other Salaries.000 $0 $145.000 $916.000 $0 $1.248.000) $2.661.000 $2.209.000 $1.
I say to you.
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$0 $0 $0 $0 $0 $26. as you did it to one of the least of these my brothers.000 $1.477.000
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as Christ loved us and gave himself up for us. and loves the sojourner. and have neglected the weightier matters of the law: justice and mercy and faithfulness. or he will be devoted to the one and despise the other. plead the widow's cause. as Christ loved the church and gave himself up for her Proverbs 15:14 (ESV)The heart of him who has understanding seeks knowledge. for either he will hate the one and love the other. love your wives. how does God's love abide in him?
. John 3:16 (ESV)For God so loved the world. the love of the Father is not in him. as beloved children. for you were sojourners in the land of Egypt. Love the sojourner. correct oppression. therefore. but he who hides his eyes will get many a curse. giving him food and clothing. Ephesians 5:1-2 (ESV)Therefore be imitators of God. But if anyone has the world's goods and sees his brother in need. without neglecting the others. Proverbs 18:15 (ESV)An intelligent heart acquires knowledge." Deuteronomy 10:18-19 (ESV)He executes justice for the fatherless and the widow. for I have learned in whatever situation I am to be content. bring justice to the fatherless. Isaiah 1:17 (ESV)learn to do good. that whoever believes in him should not perish but have eternal life. Proverbs 14:31 (ESV)Whoever oppresses a poor man insults his Maker. You cannot serve God and money. Philippians 4:11-12 (ESV)Not that I am speaking of being in need. and the ear of the wise seeks knowledge. These you ought to have done. Proverbs 28:27 (ESV)Whoever gives to the poor will not want. Ecclesiastes 5:10 (ESV)He who loves money will not be satisfied with money. but he who is generous to the needy honors him. and I know how to abound. Matthew 23:23 (ESV)Woe to you. abundance and need. scribes and Pharisees. nor he who loves wealth with his income. seek justice. that he laid down his life for us. I know how to be brought low. and we ought to lay down our lives for the brothers. 1 John 3:16-17 (ESV)By this we know love. In any and every circumstance. 1 John 2:15 (ESV)Do not love the world or the things in the world. Matthew 6:24 (ESV)No one can serve two masters. and be on your guard against all covetousness. "Take care. for he shares his bread with the poor. And walk in love. I have learned the secret of facing plenty and hunger. yet closes his heart against him. If anyone loves the world. Luke 12:15 (ESV)And he said to them. Ephesians 5:25 (ESV)Husbands. hypocrites! For you tithe mint and dill and cumin. for one's life does not consist in the abundance of his possessions. this also is vanity. a fragrant offering and sacrifice to God. but the mouths of fools feed on folly. that he gave his only Son.• •
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Proverbs 21:13 (ESV)Whoever closes his ear to the cry of the poor will himself call out and not be answered. Proverbs 22:9 (ESV)Whoever has a bountiful eye will be blessed.
2 Corinthians 9:6 (ESV)The point is this: whoever sows sparingly will also reap sparingly. but in an abundance of counselors there is safety. O simple ones. the Father. and to keep oneself unstained from the world. the Lord of glory.• • • •
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Proverbs 1:22 (ESV)How long. Psalm 92:6 (ESV)The stupid man cannot know.
. but with many advisers they succeed. "Sit down at my feet. And a second is like it: You shall love your neighbor as yourself. for God loves a cheerful giver. and whoever makes haste with his feet misses his way. For they gave according to their means. not as we expected. Proverbs 14:15 (ESV)The simple believes everything. James 2:1-4 (ESV)My brothers. but the prudent gives thought to his steps. Proverbs 19:2 (ESV)Desire without knowledge is not good. This is the great and first commandment." while you say to the poor man. Proverbs 19:2 (ESV)Desire without knowledge is not good. and beyond their means. about the grace of God that has been given among the churches of Macedonia. is this: to visit orphans and widows in their affliction. this is the one who hears the word. but they gave themselves first to the Lord and then by the will of God to us. and it proves unfruitful. "You stand over there." or. and if you pay attention to the one who wears the fine clothing and say. not reluctantly or under compulsion. will you love being simple? How long will scoffers delight in their scoffing and fools hate knowledge? Mark 10:45 (ESV)For even the Son of Man came not to be served but to serve. their abundance of joy and their extreme poverty have overflowed in a wealth of generosity on their part. Matthew 13:22 (ESV)As for what was sown among thorns. Proverbs 13:16 (ESV)In everything the prudent acts with knowledge. as I can testify. James 1:27 (ESV)Religion that is pure and undefiled before God. 2 Corinthians 9:7 (ESV)Each one must give as he has decided in his heart. a people falls. Proverbs 23:12 (ESV)Apply your heart to instruction and your ear to words of knowledge. the fool cannot understand this Matthew 22:37-39 (ESV)You shall love the Lord your God with all your heart and with all your soul and with all your mind. and a poor man in shabby clothing also comes in. and to give his life as a ransom for many. and whoever sows bountifully will also reap bountifully. begging us earnestly for the favor of taking part in the relief of the saints and this. Proverbs 15:22 (ESV)Without counsel plans fail. but the cares of the world and the deceitfulness of riches choke the word. "You sit here in a good place. For if a man wearing a gold ring and fine clothing comes into your assembly. brothers." have you not then made distinctions among yourselves and become judges with evil thoughts? Proverbs 11:14 (ESV)Where there is no guidance. but a fool flaunts his folly. for in a severe test of affliction. 2 Corinthians 8:1-5 (ESV)We want you to know. show no partiality as you hold the faith in our Lord Jesus Christ. of their own accord. and whoever makes haste with his feet misses his way.
but the mouths of fools pour out folly. and in abundance of counselors there is victory. Proverbs 15:2 (ESV)The tongue of the wise commends knowledge. sympathy. 1 Peter 3:8-9 (ESV)Finally.yet you do not know what tomorrow will bring. James 5:1-3 (ESV)Come now. Instead you ought to say. 'What shall we eat?' or 'What shall we drink?' or 'What shall we wear?' For the Gentiles seek after all these things. not so the hearts of fools. You have laid up treasure in the last days. but the lips of knowledge are a precious jewel. Proverbs 10:21 (ESV)The lips of the righteous feed many. but on the contrary. what you will eat or what you will drink. Sufficient for the day is its own trouble. But seek first the kingdom of God and his righteousness. All such boasting is evil. what you will put on. "If the Lord wills. you who say. and the body more than clothing? Proverbs 20:15 (ESV)There is gold and abundance of costly stones. a tender heart. 1 Peter 4:8 (ESV)Above all. Do not repay evil for evil or reviling for reviling. keep loving one another earnestly." As it is. Is not life more than food. do not be anxious about your life. and one of you says to them. we will live and do this or that. and your heavenly Father knows that you need them all. bless. feed me with the food that is needful for me. for to this you were called.•
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James 2:15-16 (ESV)If a brother or sister is poorly clothed and lacking in daily food. but fools die for lack of sense." without giving them the things needed for the body. James 4:13-16 (ESV)Come now. Proverbs 15:7 (ESV)The lips of the wise spread knowledge. Matthew 6:31-34 (ESV)Therefore do not be anxious. be warmed and filled. nor about your body. lest I be full and
. Proverbs 30:8-9 (ESV)Remove far from me falsehood and lying. "Therefore do not be anxious about tomorrow. "Today or tomorrow we will go into such and such a town and spend a year there and trade and make a profit". that you may obtain a blessing. "Go in peace. but the lips of knowledge are a precious jewel. for tomorrow will be anxious for itself. Matthew 6:25 (ESV)Therefore I tell you. and a humble mind. wisdom is found. you rich. Your riches have rotted and your garments are moth-eaten. James 4:17 (ESV)So whoever knows the right thing to do and fails to do it. weep and howl for the miseries that are coming upon you. but a rod is for the back of him who lacks sense. all of you. since love covers a multitude of sins. What is your life? For you are a mist that appears for a little time and then vanishes. have unity of mind. and all these things will be added to you. give me neither poverty nor riches. what good is that? Proverbs 24:6 (ESV)for by wise guidance you can wage your war. for him it is sin. Proverbs 10:13 (ESV)On the lips of him who has understanding. Your gold and silver have corroded. saying. and their corrosion will be evidence against you and will eat your flesh like fire. Proverbs 20:15 (ESV)There is gold and abundance of costly stones. you boast in your arrogance. brotherly love.
into many senseless and harmful desires that plunge people into ruin and destruction. "Who is the Lord?" or lest I be poor and steal and profane the name of my God. Psalm 1:1-3 (ESV)Blessed is the man who walks not in the counsel of the wicked. And walk in love. 1 Corinthians 13:3 (ESV)If I give away all I have. a fragrant offering and sacrifice to God. But if we have food and clothing. and we cannot take anything out of the world. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs. as is proper among saints. nor sits in the seat of scoffers. and its leaf does not wither. he prospers. but have not love. for his steadfast love endures forever! 1 Timothy 5:8 (ESV)But if anyone does not provide for his relatives. but his delight is in the law of the Lord. as Christ loved us and gave himself up for us. as beloved children. and on his law he meditates day and night. nor stands in the way of sinners. and especially for members of his household. for his steadfast love endures forever! Ephesians 5:1-3 (ESV)Therefore be imitators of God. for he is good. for he is good. Ephesians 2:10 (ESV)For we are his workmanship. which God prepared beforehand.• • •
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deny you and say. It is better to take refuge in the Lord than to trust in princes. But sexual immorality and all impurity or covetousness must not even be named among you. with these we will be content. He is like a tree planted by streams of waterthat yields its fruit in its season. Psalm 118:8-9 (ESV)It is better to take refuge in the Lord than to trust in man. I gain nothing. Psalm 118:29 (ESV)Oh give thanks to the Lord. created in Christ Jesus for good works. into a snare. 1 Timothy 6:7-10 (ESV)for we brought nothing into the world. In all that he does. Psalm 118:1 (ESV)Oh give thanks to the Lord.
. For the love of money is a root of all kinds of evils. and if I deliver up my body to be burned. But those who desire to be rich fall into temptation. that we should walk in them. he has denied the faith and is worse than an unbeliever.