Habitat for Humanity - Central Berkshire
Nonprofit profile at a glance
- EIN
- 043157085
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Pittsfield, MA, USA
- Phone
- 4134423181
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $3,704,632
- Expenses
- $2,909,040
- Assets
- $4,819,221
- Liabilities
- $179,809
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- REBECCA RICE (PRESIDENT)
- CHRISTOPHER MOON (VICE PRESIDENT)
- CAROLYN VALLI (EXECUTIVE DIRECTOR)
Highest reported compensation
- CAROLYN VALLI (EXECUTIVE DIRECTOR): $140,109 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cbhfh, an affordable housing developer who brings people together to build homes, communities and hope. Cbhfh partners with low and moderate income families to build and rehabilitate simple, decent, energy efficient homes for home ownership. All people are invited to join cbhfh in building strength, stability, and self-reliance through shelter. Cbhfh strives to recognize and value the diverse needs and contributions of community members to build a world where everyone has a decent place to live.
What it reported doing in 2024
The organization provides opportunities for homeownership to eligible families in the central berkshire county area, including pittsfield, dalton, hancock, lanesborough, lee, lenox, peru, richmond, and windsor Massachusetts. Each habitat family helps rehabilitate or build their own home by providing at least 350 hours of partnership equity. When the homes are complete, the organization sells them to the families for an affordable price which is equal to or less than the final accumulated development value of the properties and also provides the families with a non-interest bearing mortgage loan. The organization provides technical housing services, housing program and policy assistance, and research and information services to low-income households that wish to build, repair, renovate, relocate homes, or to purchase and prepare sites.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73%; rating input score 73
- Program expense ratio: 92%; rating input score 92
- Fundraising efficiency: $29.44 raised per $1 spent on fundraising; rating input score 69; 69th 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: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 21.5%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 13.7% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 13% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 10% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 73% of revenue deployed · 92% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $2.7M in reported program spending
- Leadership: top reported pay $140K · 16 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.