Habitat for Humanity of Bergen County Inc

Nonprofit profile at a glance

EIN
223238028
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Westwood, NJ, USA
Phone
2014571020
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,727,936
Expenses
$1,654,216
Assets
$2,798,415
Liabilities
$1,214,144

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

Leadership & pay

6 people listed

Executive titles in this filing

  • JONATHAN SENOS (PRESIDENT)
  • THERESA CAPPARELLI (EXECUTIVE DIRECTOR)

Highest reported compensation

  • THERESA CAPPARELLI (EXECUTIVE DIRECTOR): $162,968 total reported compensation

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

Overview

Mission

To provide decent, affordable homes for hardworking bergen county, nj families. We join in a common goal with other affiliates of this international organization to eliminate poverty, lack of housing and homelessness everywhere by working in partnership with people in need.

What it reported doing in 2024

Home building program - habitat for humanity of bergen county builds affordable homes in northern New Jersey using volunteer labor. We are both the builder and the banker for these homes and are committed to selecting and training the partner fafmilies to become successful homeowners and neighbors. The effort to build a new home (or an existing remodel) is considerable and takes time. The rewards of seeing a well-made home are inspiring all of our home locations. Families in homeownership are key to fulfilling our mission. Volunteers build a habitat home and create an affordable home where none existed. We work with homebuyers to help change their lives. Construction expenses are recognized in the year a home is completed and sold. Expenses include expenditures made in prior years. Revenue is net of unamortized discounts attributable to the zero rate financing we offered on new homes completed.

Operating model

Revenue model
Earned-program. 62% of the money available for current operations came from fees and other program revenue.
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.

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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.7%; rating input score 53
  • Program expense ratio: 56%; rating input score 56
  • Fundraising efficiency: $28.44 raised per $1 spent on fundraising; rating input score 67; 67th 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: 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: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.3%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 1.69; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 9.9%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 6.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 52.7% of revenue deployed · 56% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $926K in reported program spending
  • Leadership: top reported pay $163K · 6 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Review — Financial Efficiency: Program expense ratio scored 56/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.