Hanover Habitat for Humanity
9161 Atlee Road, Suite B
Mechanicsville VA 23116
Mission Statement

Hanover Habitat for Humanity is an interfaith nonprofit Christian organization, committed in partnership with qualified families and community volunteers to create and sell homes with no-profit mortgages.

Web and Social Media
Video
Leadership
CEO/Executive Director Mr. Tim Bowring
Board Chair Mr. John Hodges
Board Chair Company Affiliation retired
Contact Information
Address 9161 Atlee Road, Suite B
Mechanicsville, VA 23116
Telephone 804 569-6108
Fax 804 569-6317
E-mail info@hanoverhfh.org
History and Background
Year of Incorporation 1987
Financial Summary
 
 
Projected Revenue $1,813,795.00
Projected Expenses $1,056,123.00
Statements
Mission

Hanover Habitat for Humanity is an interfaith nonprofit Christian organization, committed in partnership with qualified families and community volunteers to create and sell homes with no-profit mortgages.

Impact
Top Five Accomplishments:
 
1.  A Partnership with USDA to help fund housing construction.
2.  A commitment to "going green" by building all homes to EarthCraft  certification standards.  This makes Habitat homes 27% more energy efficient and translates into savings that homeowners can invest in other ways to improve their lives and our communities.
3.  An improved selection process for prospective homeowners and a partnership with other organizations to assist homeowners with credit issues and to teach home maintenance and repair. 
4.  In 2014, we began the construction of our first neighborhood development, Bailey Woods!
5.  Built six homes in FY 2013 and are on track to build eight homes in FY 2014!
 
Top Five Goals:
 
1.  Organizational capacity building, to include the ReStore, Finance, Board Development and Fund Development.
2.  Enhance our Public Relations and Marketing efforts.
3.  Enhance relationships with stakeholders, in particular churches and local government.
4.  Improve donor recognition, including a donor and volunteer recognition event.
5.  Build at least eight homes during the Fiscal Year 2014 and secure land needed for additional home construction in future years. 
Needs
1.  We are working to identify our next property on which to build. Whether it is a ½ acre or 10 acres suitable for a subdivision, we would love to hear from you. If you own land you wish to donate, sell, or know of land parcels to recommend, please contact Hanover Habitat for Humanity.
 
2.  The Hanover Habitat for Humanity ReStore always needs donations of new or gently used household and construction materials.  Proceeds from the ReStore cover 72% of our administrative costs and helps us to have the capacity to build more homes.
 
3.  We need help finding qualified Partner Families.  Applicants must have lived in Hanover for at least one year; make between $28k - $45k per year; have reasonable credit; pay rent in excess of $750 per month or live in overcrowded or unsafe conditions; and be willing to partner with Hanover Habitat and complete "sweat equity" hours.
 
4.  We need volunteers for our Can Recycling Program, the office, and our Committees.
Background
Motivated by Christian ideals of helping their neighbors, a group of County citizens founded Hanover Habitat for Humanity in 1990. We offer a “hand up” not a “hand out” to our homeowners who are hardworking families who through no fault of their own struggle to make ends meet. It is a proven fact that homeownership has a significant impact on net worth, educational achievement, civic participation, health, and an overall quality of life. Affordable and responsible homeownership builds brighter futures, stronger families and a stronger Hanover community.

In partnership with churches, businesses, local government and other nonprofit organizations, Hanover Habitat coordinates the resources of the community to purchase and develop land and build safe, affordable homes.  Since our establishment in 1990 we have completed 50 homes.

CEO Statement
Dear Friends,
In January of 2008, I accepted the position of Executive Director of Hanover Habitat for Humanity.  As you know, that same year the economy took a significant turn for the worse.  Surprisingly, this created an amazing opportunity for us to partner with the United States Department of Agriculture's Rural Development Program (USDA).  USDA has been quietly helping low-income, rural families in Hanover purchase homes for the past 70 years.  Their mission is remarkably similar to ours.  We developed a positive colloborative relationship and together, we have provided funding and construction for homes that otherwise would never have been possible in this tough economy.
 
The rough economy has also created a new type of clientele for us.  The media refers to them as the "new poor".  They own cars, earn paychecks, pay taxes, and have good credit.  We all know someone like this:  scraping by, paycheck to paycheck.  The "near poor" are families that can also benefit from a hand-up, not a hand-out.  These families are our future, and include college graduates, young health professionals, local government employees and others with job skills pinched by the current economy.  We are reaching out these potential clients to help them purchase affordable homes that will increase in value and allow them to grow into the Middle Class.
 
We also still assist the low-income, Hanover families that we have traditionally served.  Most recently, we partnered with a family made up of a disabled 53 year-old man and his sister, who has devoted her life to his care.  They were living in a severely substandard home.  We were able to collaborate with another nonprofit organization to complete a new home for them.  Through this collaboration and the overwhelming support of the Hanover community, we were able to subsidize their mortgage to make it affordable.
 
We hope that you will consider supporting our efforts as we continue to grow and offer innovative solutions to serve the people of Hanover County.
 
In faith and partnership,
 
Tim Bowring
Areas of Service
Areas Served
Area
Ashland
Hanover County
Board Chair
Board Chair Mr. John Hodges
Company Affiliation retired
Term Dec 2014 to Dec 2016
Email jhhodges47@gmail.com
Board of Directors
Board Members
NameAffiliation
Ms. Elizabeth Bentley Union First Market Bank
Ms. Christina Brown Randolph-Macon College
Ms. Jewel Claiborne Bon Secours
Mr. Bryan Dupuid Cool Springs Baptist Church
Mr. Frederic Glisson Water Corp. - Senior Sales Specialist
Mr. John Hodges Community Volunteer
Mr. Brian Keeler Accountant
Ms. Jean Kelly Attorney
Ms. Elizabeth Matish Parham Doctor's Hospital - COO
Mr. Kevin McPherson Owens & Minor
Mr. John Suddarth Teleflex Aerospace
Board Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 0
Caucasian 9
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 6
Female 5
Governance
Board Term Lengths 2
Board Term Limits 3
Board Meeting Attendance % 95
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Number of Full Board Meetings Annually 12
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Mr. Tim Bowring
Staff
Full Time Staff 7
Part Time Staff 8
Volunteers 2500
Plans
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan?
Programs
Description
Fiscal Year
Projected Revenue $1,813,795.00
Projected Expenses $1,056,123.00
Spending Policy N/A
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$54,234$74,288$15,121
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$465,426$689,001$529,827
$6,043--$6,576
$650,000$1,698,176$1,123,538
Investment Income, Net of Losses$49,768($16,999)$2,666
Membership Dues------
Special Events$13,075--$18,234
Revenue In-Kind------
Other$656,441$5,040$9,248
Expense Allocation
Fiscal Year201520142013
Program Expense$1,438,441$1,787,874$1,181,359
Administration Expense$181,909$161,657$155,268
Fundraising Expense$105,830$105,166$102,500
Payments to Affiliates------
Total Revenue/Total Expenses1.101.191.18
Program Expense/Total Expenses83%87%82%
Fundraising Expense/Contributed Revenue20%14%18%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$2,796,180$2,861,104$2,162,126
Current Assets$1,780,597$1,785,007$1,141,031
Long-Term Liabilities$505,420$524,056$548,265
Current Liabilities$291,041$506,135$177,757
Total Net Assets$1,999,719$1,830,913$1,436,104
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities6.123.536.42
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets18%18%25%
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years? Yes
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit 11/2016View
Comments
Foundation Comments
  • Financial information provided from audit
  • Form 990 and audit prepared by Frank Barcalow CPA, PLLC