Habitat for Humanity New York City and Westcherster County Inc

Nonprofit profile at a glance

EIN
112857055
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2129914000
Rating
68
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$8,478,677
Expenses
$6,770,762
Assets
$28,061,271
Liabilities
$24,227,379

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

Leadership & pay

37 people listed

Executive titles in this filing

  • SABRINA I LIPPMAN (CHIEF EXECUTIVE OFFICER)
  • KAREN HAYCOX (CHIEF EXECUTIVE OFFICER (FORMER))

Highest reported compensation

  • CHRISTOPHER ILLUM (COO/EVP): $187,206 total reported compensation
  • STEVEN ADAM GOLDGRAB (CFO (OUTGOING)): $185,730 total reported compensation
  • MATTHEW DUNBAR (COO/EVP): $180,741 total reported compensation

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

Overview

Mission

Habitat for humanity New York city and westchester county transforms lives and communities by building and preserving affordable homes with families in need, and by uniting all new yorkers around the cause of affordable housing.

What it reported doing in 2024

Housing preservation program: solving the affordable housing crisis means pairing new construction with the preservation of existing housing. By partnering with tenant-owned affordable buildings, habitat helps protect long-term affordability and strengthens communities for the future. Our housing preservation program is a holistic program that works with individual buildings on their specific needs, providing low-cost services including construction, financial education, legal monitoring, and more. In fy25, our housing preservation program served 1,112 households through our post-purchase services and technical assistance preservation work. We completed four construction preservation services contracts, resulting in approximately 56 households served. Projects included items such as hallway repairs and painting in common areas, roof repairs and replacements, fire escape repairs, repair and waterproofing of building facades, interior unit and hallway window repairs, concrete replacement, and more. These services, provided at an affordable cost to the co-op, keep costs low and ensure that residents can remain in their homes.

Operating model

Revenue model
Donor-supported. 69% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 76
  • Accountability: 100
  • Sustainability: 62
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.7%; rating input score 51
  • Program expense ratio: 63.4%; rating input score 63
  • Fundraising efficiency: $5.37 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: 20.1%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 4.14; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 22.2%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -0.2% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 50.7% of revenue deployed · 63.4% of spending went to programs
  • Governance: 22 of 22 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $4.3M in reported program spending
  • Leadership: top reported pay $187K · 37 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.1M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 9 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 28 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.