HABITAT FOR HUMANITY OF BOULDER VALLEY
201 E SIMPSON STREET, LAFAYETTE, CO 80026 www.flatironshabitat.org

Total Revenue
$940,543
Total Expenses
$1,059,361
Net Assets
$5,104,984

Organizations Filed Purposes: HABITAT FOR HUMANITY OF BOULDER VALLEY WORKS TO CREATE DECENT, AFFORDABLE HOUSING IN PARTNERSHIP WITH THOSE IN NEED AND TO MAKE SHELTER A MATTER OF CONSCIENCE WITH PEOPLE EVERYWHERE.

CREATE DECENT AFFORDABLE HOUSING FOR THOSE IN NEED AND MAKE SHELTER A MATTER OF CONSCIENCE.

FLATIRONS HABITAT FOR HUMANITY (FHFH) CONSTRUCTS HOMES FOR LOW INCOME FAMILIES. EACH HOME IS SOLD TO A LOW INCOME FAMILY THAT PARTNERED WITH FHFH THROUGH INVESTMENT OF "SWEAT EQUITY" IN THEIR HOME. HOME OWNERSHIP FOR ALL FLATIRONS HABITAT FAMILIES IS FACILITATED THROUGH THE USE OF ZERO INTEREST MORTGAGES. THE COST OF HABITAT HOMES IS REDUCED THROUGH THE USE OF VOLUNTEER LABOR AND HOMES ARE SOLD TO THE HOMEOWNERS AT NO PROFIT TO HABITAT. FHFH SUBSIDIZES THE CONSTRUCTION AND FAMILY SERVICES OPERATING COSTS NECESSARY TO BUILD ITS HOMES.

FLATIRONS HABITAT FOR HUMANITY (FHFH) PROVIDES ZERO INTEREST MORTGAGES TO ITS HOMEOWNERS WHEN NEW MORTGAGES ARE SET UP. HISTORICALLY, THESE MORTGAGES WERE DISCOUNTED AT AN INTEREST RATE SET BY THE AFFILIATE BASED ON HABITAT INTERNATIONAL, OTHER LOCAL AFFILIATES, THE 30-YEAR INTEREST RATE AND THE PERCEIVED RISK OF THE AFFILIATE'S MORTGAGE HOLDERS. AS HOMEOWNERS PAY DOWN THEIR MORTGAGES, FHFH RECOGNIZES INCOME FROM MORTGAGE DISCOUNT AMORTIZATION. IN RECENT YEAR, FHFH HAS PARTNERED WITH A LOCAL BANK TO PROVIDE AFFORDABLE MORTGAGES WHEREIN THE BANK IS THE LENDER. FHFH RECEIVES PROCEEDS AT THE TIME OF THE HOME SALE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Susan LythgoeEXECUTIVE DIRECTOR40$88,859
Nolan RossalMEMBER1$0
Sonja ReidMEMBER1$0
Jason KingeryMEMBER1$0
Rich JortbergMEMBER1$0
Danica PowellMEMBER1$0
John BosioMEMBER1$0
Nicole MansourMEMBER1$0
Erin HottovyTREASURER2$0
Jeremy SyzSECRETARY3$0
Paul Tarell JrVICE PRESIDENT3$0
Peter WeberPRESIDENT3$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202021359349304307_public.xml