Greenwood Area Habitat for Humanity

Nonprofit profile at a glance

EIN
570861424
IRS 990 coverage
2010–2021
Forms available
Form 990 2021, Form 990-EZ 2009
Location
Greenwood, SC, USA
Phone
8642239399
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management
Affiliation
Christianity

Official website

Reported finances

Revenue
$439,808
Expenses
$657,526
Assets
$2,377,743
Liabilities
$286,002

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

14 people listed

Highest reported compensation

  • STEPHEN BAGGETT JR (EXECUTIVE DI): $54,445 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Greenwood area habitat for humanity, inc. Shall seek to sponsor specific projects in habitat development, starting with the construction of modest but adequate housing, and to associate with some groups functioning with purposes consistent with those listed below, namely: 1) to witness the gospel of jesus christ throughout the world by working in cooperation with god's people in need to create a better human habitat in which to live and work; 2) to witness to the gospel of jesus christ by working in cooperation with other agencies and groups which have a kindred purpose; 3) to witness to the gospel of jesus christ through loving acts and the spoken and written word; and 4) to witness to the gospel of jesus christ by enabling an expanding number of persons from all walks of life to participate in this ministry.

What it reported doing in 2021

Construction of decent, affordable housing for deserving citizens of greenwood county. Homes are financed by the organization and require sweat equity from the homeowner.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 29
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.5%; rating input score 96
  • Program expense ratio: 64.5%; rating input score 65
  • Fundraising efficiency: $16.48 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -49.5%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 3.62; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 8.3%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: -5.2% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 10.2% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 96.5% of revenue deployed · 64.5% of spending went to programs
  • Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $424K in reported program spending
  • Leadership: top reported pay $54K · 14 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.