Greeley-Weld Habitat for Humanity

What it reported doing in 2024

In september 2024, gahfh completed construction on the mission springs development, working in partnership with commonwealth properties, the nation's 7th largest affordable housing developer. Mission springs includes two segments; mission homestead, comprised of 27 single family and paired homes built by gahfh to provide homeownership opportunities for habitat families, and mission village, comprised of 68 affordable town homes and cottage rentals built by commonwealth. The development replaced half of the housing units lost in evans, Colorado, during the severe floods of 2013. Funded in part by a 1million cdbg-dr grant from the state of Colorado, mission homestead includes the affiliate's first duplexes and first ada compliant units. It also includes the first natural gas and renewable energy net zero energy home, with a hers score of -6, built in partnership with atmos energy and the schlessman family foundation. During fy2024-25, gahfh completed civil development and began construction of housing units in hope springs, a large-scale affordable mix-product community built in partnership with the city of greeley and gahfh private- sector partners. Hope springs is situated on a 40-acre greenfield site in the city of greeley, adjacent to the city of evans. When completed, the development will be comprised of 174 water-wise, climate-friendly, zero energy ready habitat homes; 154 paired units and 20 individual units. Future phases, built by a private sector partner, will add up to 316 additional units, for a total of 490 affordable homes. Gahfh's economic impact alone will be over 68m when built out, reinvested back into the city of greeley and state of Colorado. With the completion of the additional units by the private sector partner, the economic impact will approach 100m. Construction of the habitat homes began in july 2024, supported by a partnership with baessler homes. By the end of june 2025, 40 units had been constructed and 25 families had closed on the sale of their home and moved in. This outcome represents a 250% increase in gahfh production capacity. Homes are being sold at below market-rate prices to greeley and weld county residents earning between 30-80% of area median income (ami). In addition to home construction, the development's two mini-pitch soccer fields were installed, as well as the nature discovery park and community pavilion. Gahfh plans to complete 33 homes in 2026 and expects completion of the onsite childcare center, along with the initial phases of the organic community garden. Also during the 2024-25 fiscal year, gahfh established the greeley-weld habitat community land trust. Its purpose is to bring permanent affordability to current and future homeowners in the community and further habitat's mission of bringing safe, affordable homes to all. Gahfh estimates that the development will initially house between 600 and 700 people in the habitat units. Because the homes are made permanently affordable through the land trust model, they will remain in greeley's affordable housing stock in perpetuity, thus making a long-lasting and sustained impact. Over a 150-year life cycle, more than 4000 people are expected to be housed in the homes built by habitat. Prior to beginning vertical construction, gahfh had already fundraised and invested more than 13.5m in civil infrastructure development and was able to enter the vertical constuction phase debt-free, thanks to the generosity of public and private sources. These included a land and water donation from richmark companies valued at 8.82m, nearly 4m from the Colorado department of local affairs, a 2.5m grant from the weld trust, 2.577m in congressional district spending from senator hickenlooper, 2m from jbs, and 1m from occidental petroleum (oxy). Gahfh leaderhip has presented hope springs at multiple regional and national habitat conferences, and consults regularly with hfh affiliates across the united states seeking to replicate the model. A successful

Financial Efficiency

• Mission deployment rate: 60%; rating input score 60
• Program expense ratio: 88.6%; rating input score 89
• Fundraising efficiency: $28.56 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 20th 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: 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: 33.4%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 3.83; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 3.1%; rating input score 67; 67th percentile among comparable filings

Growth

• Program expense growth: 15.8% per year; rating input score 100; 85th percentile among comparable filings
• Revenue growth: 16.2% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 17.5% per year; rating input score 100; 85th percentile among comparable filings