Charlotte County Habitat for Humanity Inc

What it reported doing in 2024

Charlotte county habitat for humanity is a christian organization that was founded in 1987 and is committed to providing safe, decent and affordable homes to those who are in need in our community. We believe strongly that everyone should have the opportunity to achieve the american dream of owning their own home. We also believe children should have the opportunity to grow up in a safe, stable environment. Our vision: to eliminate substandard housing in charlotte county through gods love and direction. Our mission: charlotte county habitat for humanity, a christian housing ministry, is committed to homeownership: by a needs-based partnership with low-income charlotte county residents building safe, affordable, quality homes using volunteers strengthening lives and neighborhoods charlotte county habitat raises our funds locally and is not supported financially by habitat for humanity international. Our affiliate operates four resale stores one in punta gorda, one in murdock, one in port charlotte and one in englewood. These stores help generate the needed revenue for charlotte county habitat to continue to provide homes in our community. Charlotte county habitat homes are sold at an affordable price to qualified applicants who meet our program criteria, who have been selected by a selection committee and who have been approved by our board of directors. Our applicants must have a need for affordable housing, must have the ability to pay their mortgage and must have a willingness to partner with charlotte county habitat. Recently, charlotte county habitat has been recognized by habitat for humanity international as the number one domestic home builder in our population category of 50,000 250,000. This year, we provided 19 charlotte county families with homes. Due to shortage of affordable housing, we have seen a tremendous increase of applicants come through our doors. The number of families in need of affordable housing continues to grow and charlotte county habitat is determined to do our part in seeing that they have the opportunity to own their own safe, decent and affordable home. We are dedicated to our mission and ministry to our community and we will continue to provide affordable homes to the needy residents of charlotte county. "a brush with kindness" program was started in 2010-11. This program is designed to help low income families who own their own home and are in need of minor repairs, painting and landscaping. Charlotte county habitat is partnering with these families to improve the looks and value of their home and our community. The cleanout and removal program was started during the 2015-16 fiscal year. The objective of this program is to generate program revenue through services to "cleanout" homes where former owners are moving or vacating the property and to "remove" items that will generate program revenue under cchfh's retail sale operations. As we continue to expend our services and the number of families we are able to serve we will be seeking more volunteers and donors to support our activities. We ask you to put your faith into action and help habitat by spreading the word of the great work we are doing here in charlotte county. At habitat we value a donation of time and labor just as much as a financial contribution.

Financial Efficiency

• Mission deployment rate: 97.6%; rating input score 98
• Program expense ratio: 91.5%; rating input score 92
• Fundraising efficiency: $31.3 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -4.2%; rating input score 21; 21st percentile among comparable filings
• Total-asset coverage ratio: 2.85; rating input score 72; 72nd percentile among comparable filings
• Liabilities to assets ratio: 0.2; rating input score 43; 43rd percentile among comparable filings
• Officer compensation ratio: 2%; rating input score 76; 76th percentile among comparable filings

Growth

• Program expense growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
• Revenue growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings
• Asset growth: 8.4% per year; rating input score 100; 52nd percentile among comparable filings