Greater Charlottesville Habitat for Humanity Inc

What it reported doing in 2024

Aging in place program: we partner with families, communities and local organizations to help older adults improve their homes and their quality of life so that they can flourish where they live. To guide our work, habitat developed housing plus, a comprehensive aging inplace strategy. This person-centered approach uses two different assessments to tailor the process to each homeowner's needs. These assessments, which consider everything from the resident's lifestyle to their type of home, allow us address older adults' needs holistically, improving the likelihood that they can age in place.financial and homebuyer education programs: as part of the homeownership process, we believe financial education builds a more solid foundation for long-term personal success and helps alleviate any concerns or barriers on the path to homeownership. During these financial education classes, we cover topics such as budgeting; credit cards and credit reports; debt and loans; saving, investing and planning for the future; emergency situations; and habitat homeowner mortgages. A more in-depth understanding of these important concepts is a tool that can be used to build a better future. Disaster response program: the most basic needs - health, water, sanitation, livelihoods, safety, education and others - become both scarce and dire in the event of a disaster. We believe that safe, reliable shelter provides the foundation from which all of these things can begin to reemerge during the relief and rebuilding process. With the help of volunteers and donors, we are able to provide shelter assistance, education, training and partnerships to affected individuals who find themselves in unthinkable situations after a disaster strikes. Habitat greater charlottesville is committed to efficiency and transparency. We communicate with our supporters, donors and prospective donors by email, postal mail, phone and other means, both to request contributions to our cause and to educate the public about habitat greater charlottesville's year-round programs, volunteer opportunities and other events in local communities and around the world. These efforts help advance our mission to put god's love into action by bringing people together to build homes, communities and hope. As a result, in accordance with the financial accounting standards board guidelines and internal revenue service guidance, habitat greater charlottesville allocates a portion of our fundraising costs to program services. As a nonprofit organization that is exempt from federal taxation, we ensure our donors's money is spent as efficiently as possible. Additionally, we have certain expenses that cannot be billed separately for each functional area. Rent, utilities, information technology and other costs are grouped together. We allocate these costs in compliance with generally accepted accounting principles, or gaap, across the program (including habitat restores), management and general, and fundraising categories. Finally, some staff members have responsibilities that cross over functional areas. To calculate the time allocation, habitat greater chalottesville divides the number of hours spent on a project outside of a staff member's designated expense category by the total hours worked during that period and allocates that percentage of costs to the appropriate expense category.

Financial Efficiency

• Mission deployment rate: 99.3%; rating input score 99
• Program expense ratio: 86.4%; rating input score 86
• Fundraising efficiency: $17.18 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• 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: 93.8%; rating input score 94; 27th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -3.4%; rating input score 20; 20th percentile among comparable filings
• Total-asset coverage ratio: 2.96; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0.47; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 5%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 15.8% per year; rating input score 100; 85th percentile among comparable filings
• Revenue growth: 10.6% per year; rating input score 100; 76th percentile among comparable filings
• Asset growth: 6.3% per year; rating input score 100; 44th percentile among comparable filings