Habtech Solutions INC

Burke, VAUnknown exempt organizationSince 2024EIN 93-1802956

By prioritizing education, healthcare, and access to critical information, HSI aims to build resilient, self-sufficient communities and drive meaningful, lasting impact in the lives of those it serves.

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $2.4M a year · 57% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Cash reserves
31 mo
of spending, in cash
Looks good: 31.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$170K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
+62% vs prior year
Spent
$2.0M
Net assets
$5.0M
By yearFY2024–FY2025
Revenue
$5.1M
FY2025▲ +62%
Revenue by fiscal year
FY2024$3.2M
FY2025$5.1M
Expenses
$2.0M
FY2025▲ +23%
Expenses by fiscal year
FY2024$1.6M
FY2025$2.0M
Net assets
$5.0M
FY2025▲ +213%
Net assets by fiscal year
FY2024$1.6M
FY2025$5.0M

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CHabtech Solutions INC
EINHdr · item D93-1802956
Exempt statusHdr · item I501(c)(3) · active
Year of formationHdr · item L2024
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CBurke, VA
NTEE classificationIRS BMFNonprofit

Financial health

Is it on solid ground?

Surplus margin
+62%
revenue over expenses, this year▲ +24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$5.1M
FY2025▲ +224%
Total assets by fiscal year
FY2024$1.6M
FY2025$5.1M
Total liabilities
$170K
FY2025
Total liabilities by fiscal year
FY2024$0
FY2025$170K
Revenue less expensesPt I · Ln 19$3.2M
Total assetsPt X · Ln 16$5.1M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$5.1M
Total assetsLn 16$5.1M
Total liabilitiesLn 26$170K
Total net assetsLn 32$5.0M
Months of cash on handcomputed31.0

Statement of Revenue

Part VIII
Contributions & grants100%$5.1M
Investment income$899
Total revenueLn 12$5.1M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.1M · Operating expenses/yr $2.0M
31.0 months
Where the money goes
Program services
Program services $0 · Total expenses $2.0M
not reported
Management & General
Management & general $0 · Total expenses $2.0M
not reported
Fundraising
Fundraising $0 · Total expenses $2.0M
not reported
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $4.1M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5.1M · Total revenue $5.1M
100%
Government reliance
Government grants — · Total revenue $5.1M
—
Earned-income share
Program service revenue $0 · Total revenue $5.1M
0%
Investment reliance
Investment income $899 · Total revenue $5.1M
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.0M
0%
Growth & trend
Revenue growth (YoY)
This year $5.1M · Prior year $3.2M
+62%
Net-asset trend (YoY)
End of year $5.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.1M · Expenses $2.0M
+62%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
—
Net-asset ratio
Net assets $5.0M · Total assets $5.1M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ermias Getachew · Reported title COO · Highest reported compensation $0 · Total expenses $2.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $87K · Total expenses $2.0M
4%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 62%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers communities globally with technology, training, and inclusive development.

Provided by the organization

This section is blank until Habtech Solutions INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2025.
01

In 2024, HSI implemented a series of integrated development programs in underserved regions in Ethiopia, leveraging digital technologies to expand access to education, telehealth, and training resources. The organization deployed mobile health network in rural communities, and conducted virtual capacity-building workshops.

Pt IX · col B

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $5.1M$2.0M+62% 990 PDF
FY2024 $3.2M$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2025

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $1,957,621 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$721,180
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$80,777
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$6,525
IX-11a Management fees$105,709
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$155,742
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$22,843
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$821,082
IX-24e All other expenses$43,763
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,957,621

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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