Habitat for Humanity of the Magic Valley

During the fiscal year ended 6/30/22, Habitat for Humanity of the Magic Valley started the construction of two homes and completed one home. During those 12 months, one home was sold to a qualified low income family and two homes are still under construction for resale and not yet sold. the related construction costs remain in inventory as construction in progress.

All other program service expenses incude: 1) construction work and renovation operation expense. 2) Habitat international tithe for construction projects and family support services. 3) restore thrift store projects and related project expense. 4) project wages and direct administrative program related costs. 5) family support and volunteer coordination. All other program income includes: 1) sale of homes. 2) mortgage interest discounts and amortization. 3) all mortgage loans receivable other than nsp. 4)restore outlet sales.

Habitat for Humanity of the Magic Valley received, then renovated houses under the neighborhood stabilization program that utilized a federal grant from the u.s. department of housing. All of the renovated houses were then sold to qualified low income families through no-interest loans held by the Habitat organization. for the 12-months ended 6/30/22, Habitat received mortgage payments from those qualified families in the Magic Valley.

Tithe to Habitat intenational