Habtech Solutions INC FY2024 filing

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.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$3.2M
Spent
$1.6M
To programs
100%
Net assets
$1.6M
By yearFY2024–FY2025
Revenue
$3.2M
FY2024
Revenue by fiscal year
FY2024$3.2M
FY2025$5.1M
Expenses
$1.6M
FY2024
Expenses by fiscal year
FY2024$1.6M
FY2025$2.0M
Net assets
$1.6M
FY2024
Net assets by fiscal year
FY2024$1.6M
FY2025$5.0M

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$1.6M
Total functional expensesLn 25$1.6M

Finances

Money in and out, what it owns and owes

Surplus or deficit
+50%
as % of revenue, this year
Program spending
100%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.6M
FY2024
Total assets by fiscal year
FY2024$1.6M
FY2025$5.1M
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2024$0
FY2025$170K
Revenue less expensesPt I · Ln 19$1.6M
Total assetsPt X · Ln 16$1.6M
Spent on programsPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$1.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.6M
Months of cash on handcomputed12.0

Statement of Revenue

Part VIII
Contributions & grants100%$3.2M
Investment income$378
Total revenueLn 12$3.2M

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $1.6M · Operating expenses/yr $1.6M
12.0 months
Where the money goes
Program services
Program services $1.6M · Total expenses $1.6M
100%
Management & General
Management & general $0 · Total expenses $1.6M
0%
Fundraising
Fundraising $0 · Total expenses $1.6M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $3.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3.2M · Total revenue $3.2M
100%
Government reliance
Government grants — · Total revenue $3.2M
—
Earned-income share
Program service revenue $0 · Total revenue $3.2M
0%
Investment reliance
Investment income $378 · Total revenue $3.2M
+0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.6M
0%
Growth & trend
Revenue change from last year
This year $3.2M · Prior year —
No prior year on file
Net assets change over the year
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $3.2M · Expenses $1.6M
+50%
Debts compared to what it owns
Total liabilities — · Total assets $1.6M
—
Net assets compared to what it owns
Net assets $1.6M · Total assets $1.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Asraties Teferra · Reported title COO · Highest reported compensation $0 · Total expenses $1.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.6M
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 100%——
Spent on management, % of spending 0%——
Fundraising cost, % of gifts 0%——
Investment manager fees, % of assets 0%——
Legal fees, % of spending 0%——
Accounting fees, % of spending 0%——

Straight from the Form 990 — descriptive, not an evaluation. A share 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
See Habtech Solutions INC executive salaries →

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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

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.6M of program spending, described in the organization's own filed words · FY2024.
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.

$1.6Mprogram expense

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Filing history

Every return on file.

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

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $3,164,750 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,164,372
VIII-1h Total contributions, gifts and grants$3,164,372
VIII-3 Investment income$378
VIII-12 Total revenue$3,164,750
Part IX · Statement of functional expenses $1,588,106 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 recipientsPrograms $1,411,925$1,411,925
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$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $157,718$157,718
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 TravelPrograms $8,813$8,813
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $9,313$9,313
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)Programs $337$337
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,588,106 · Management $0 · Fundraising $0$1,588,106
Part X · Balance sheet $1,582,822 assets, 5 lines filed
X-1 Cash, non-interest-bearing$1,582,822
X-16 Total assetsStart of year $0$1,582,822
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$1,582,822
X-33 Total liabilities and net assetsStart of year $0$1,582,822
Part XI · Reconciliation of net assets $1,582,822 net assets at year end
XI-1 Total revenue$3,164,750
XI-2 Total expenses$1,588,106
XI-3 Revenue less expenses$1,576,644
XI-8 Prior period adjustments$6,178
XI-10 Net assets at end of year$1,582,822

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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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