Habitat For Humanity International Inc Habitat for Humanity of Montezuma County

Nonprofit profile at a glance

EIN
262877043
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-N 2012
Location
Cortez, CO, USA
Phone
9705658327
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$299,363
Expenses
$281,702
Assets
$777,857
Liabilities
$43,221

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Andre Cordero (Executive Director)
  • Robert Galin (Executive Director)
  • Holly Matson (President)

Highest reported compensation

  • Andre Cordero (Executive Director): $30,955 total reported compensation
  • Robert Galin (Executive Director): $15,635 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization vision is A World where everyone has a decent place to live. Our mission is Seeking to put Gods love into action, Habitat for Humanity brings people together to build homes, communities and hope.

What it reported doing in 2024

Since its founding in 2008 as an affiliate of Habitat for Humanity International, Habitat for Humanity of Montezuma County has provided affordable home ownership to eleven (11) families in this Southwest Colorado County by building and selling nine (9) homes. Homes are sold to families who pay affordable mortgage payments that lift them out of homelessness or temporary housing. Families also provide "sweat equity" by helping build their homes or working at our ReStore. Affordable housing provides families stability to obtain and stay in jobs and for children to stay in the same schools without having to move from shelter to shelter. Prospective homeowners attend financial stability workshops and partner with our Family Services Committee so they are well prepared for homeownership. This affordable housing program also takes advantage of local contractors and suppliers, volunteers from the community and students at the local community college's construction trades program who get on-the-job training. Some 12% of the 26,000 Montezuma County residents live in poverty, with residents in the County Seat of Cortez at 16% living in poverty.About one-in-ten county residents are homeless veterans. The county also has a substantially older population--23.6%--compared with the state average of 15.7%. More than 50% of county residents have incomes below the Area Median Income. We build full-size homes (construction costs roughly $200,000) and small starter homes (approximately $70,000).

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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 83
  • Accountability: 74
  • Sustainability: 51
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.6%; rating input score 62
  • Program expense ratio: 65.5%; rating input score 65
  • Fundraising efficiency: $12.92 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.9%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 2.76; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 16.5%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -1.7% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 61.6% of revenue deployed · 65.5% of spending went to programs
  • Governance: 4 of 4 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $184K in reported program spending
  • Leadership: top reported pay $31K · 5 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.