Asheville Area Habitat for Humanity Inc

What it reported doing in 2024

Asheville area habitat for humanity operates two restores - one in asheville and one in weaverville. The stores sell mostly donated home goods and building supplies at affordable prices to the general public, diverting 2,400+ tons of material from the landfill each year. Proceeds from restore sales help fund asheville habitat's building and repair programs. Volunteers contributed 22,626 hours in fy ending june 30, 2025, supporting restore staff in all areas of the operation. The asheville restore was one of the first restores to open (in 1990), and today it remains a top performing store out of more than 850 restores nationwide. The weaverville location opened in august 2019. Both stores contribute to the register round up program, supporting a different non-profit partner each month and raising more than $100,000 since its inception in 2019. The asheville store was shuttered for months after hurricane helene caused significant damage. $246,865 in merchandise was lost, as was 4 months of revenue ($808,000). Restore staff were deployed to manna, a local food bank, while the store was closed, keeping all employed and helping another non-profit at their time of greatest need. The asheville restore reopened on january 24, 2025 after clean-up, renovation, and replacement was complete. The truck fleet (5, with a total replacement cost of $330,000) was also replaced enabling the donation pick-up program and deconstruction program to re-start. Generous donations from near and far made renovations and replacement possible.

Financial Efficiency

• Mission deployment rate: 61.7%; rating input score 62
• Program expense ratio: 90.7%; rating input score 91
• Fundraising efficiency: $16.04 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 27.2%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 3.5; rating input score 79; 79th percentile among comparable filings
• Liabilities to assets ratio: 0.29; rating input score 48; 48th percentile among comparable filings
• Officer compensation ratio: 2.9%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 18.3% per year; rating input score 100; 88th percentile among comparable filings
• Revenue growth: 11.3% per year; rating input score 100; 78th percentile among comparable filings
• Asset growth: 9.7% per year; rating input score 100; 64th percentile among comparable filings