Habitat for Humanity Las Vegas

What it reported doing in 2024

Since 1991, habitat for humanity las vegas (hfhlv) has been building affordable housing in the las vegas community and has provided safe, secure shelter for over 121 local low-to-moderate income families - 418 people, including 264 children - while also completing 87 neighborhood revitalization projects in the same areas in which we built homes. In 2022, habitat expanded their program delivery and began providing financial education courses to local low-to-middle income people and have held 142 classes and assisted 155 households to organize their finances. Hfhlv operates autonomously from habitat for humanity international with its own local board of directors, funding sources and strategic goals for lifting families out of poverty in clark county. We bring people together to build homes, communities, and hope. We meet the needs of the low-to-moderate income families today while transforming their lives for years to come. We focus on building entire communities on previously vacant in-fill lots in clark county; redevelopment zones not suitable for a private developer. Then, using a rigorous selection, education and financial coaching process, we fill the homes with families who become successful homeowners. Hfhlv is not just about the construction of homes. We are about successful homeownership through careful selection of partner families, responsible lending and ongoing support. We invest in the families through financial literacy, home maintenance programs, long-term credit counseling and referrals to community services. Homeownership leads to other quality of life outcomes-improved health, safety, education, and financial opportunity. The gift of a home means so much more than a roof over someone's head. Homeownership is often a catalyst to wealth building, and its impact grows over time with each generation as we break down barriers of limited housing supply, restricted access to credit, and systemic inequities, especially for households of color or single women. Our approach to housing is unique as we provide a solution to the root cause of generational poverty and break its cycle. In addition to making the dream of affordable home ownership a reality, we improve existing homes through our critical home repair program for those impacted by age, disability or family circumstances that are hindered to afford important home maintenance for sustaining, preservation, and safety. Together we can provide a brighter future for families and entire communities, giving those who need it most a "hand up" versus a "hand out."

Financial Efficiency

• Mission deployment rate: 32%; rating input score 32
• Program expense ratio: 69.2%; rating input score 69
• Fundraising efficiency: $8.68 raised per $1 spent on fundraising; rating input score 33; 33rd 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: 48.5%; rating input score 92; 92nd percentile among comparable filings
• Total-asset coverage ratio: 5.85; rating input score 86; 86th percentile among comparable filings
• Liabilities to assets ratio: 0.24; rating input score 39; 39th percentile among comparable filings
• Officer compensation ratio: 10.3%; rating input score 29; 29th percentile among comparable filings

Growth

• Program expense growth: -4.9% per year; rating input score 0; 5th percentile among comparable filings
• Revenue growth: -0.2% per year; rating input score 0; 11th percentile among comparable filings
• Asset growth: 4.6% per year; rating input score 100; 32nd percentile among comparable filings