Habitat for Humanity of Boone County

Legal name: Habitat for Humanity of Boone County Inc

Nonprofit profile at a glance

EIN
351620989
IRS 990 coverage
2015–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Lebanon, IN, United States
Phone
7654835134
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management
Affiliation
Christianity

Official website

Reported finances

Revenue
$2,124,342
Expenses
$1,401,389
Assets
$4,168,863
Liabilities
$724,982

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

Leadership & pay

11 people listed

Executive titles in this filing

  • JIM LAFAYETTE (PRESIDENT)
  • JAMISON ROZZI (VICE PRESIDENT)
  • ELIZABETH QUA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ELIZABETH QUA (EXECUTIVE DIRECTOR): $69,801 total reported compensation

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

Overview

Mission

As one of the first Habitat affiliates in Indiana, Habitat for Humanity of Boone County continues to put God’s love into action. We bring people together to build homes, strengthen communities, and inspire hope. Since 1984, Habitat for Humanity of Boone County has built and repaired over 78 homes in neighborhoods across Boone County—and beyond. We believe that safe, stable shelter is a basic human need. Our mission is to eliminate substandard housing by making decent, sustainable, and affordable homes a reality for everyone. Read More Partner Families. Together with our dedicated volunteers and future homeowners, Habitat for Humanity of Boone County has strengthened local neighborhoods by investing millions into revitalizing homes and communities. Our efforts increase access to affordable, safe housing and help create lasting impact throughout Boone County. Read More Newsroom.

What it reported doing in 2024

Homeownership program: families in need of a decent, durable place to live build safe and affordable homes in partnership with us. Habitat for humanity of boone county houses are modestly sized. They are large enough for the family needs of the homeowner, but small enough to keep construction and maintenance costs affordable. By using the labor of volunteers and prospective homeowners, employing efficient building methods, keeping the house size modest, using donated construction materials and appliances, and issuing no-profit loans, habitat makes its houses affordable for low-income families to purchase and allows families to improve their living conditions, invest in the community, and provide for future growth. Affordable homeownership helps create the conditions that alleviate families from instability stress and fear and encourage self -reliance and confidence. Mortgages are structured so that families pay less than 28% of their monthly income toward housing costs. Studies show that strong and stable households are foundational to child development and growth. When a home fosters - instead of hinders - health and safety, families can flourish. Owning an affordable home also allows homeowners to lift up their entire family by saving for their futures and investing in educational opportunities, bolstering job opportunities and career growth. During 2024, habitat for humanity of boone county served 3 adults and 7 children through its long term homeownership program.

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 99% 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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.6%; rating input score 57
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: $29.54 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: 6 of 8 controls in place; rating input score 75
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 34%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 2.97; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 22.6% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 21.3% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 57th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 56.6% of revenue deployed · 85.1% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.2M in reported program spending
  • Leadership: top reported pay $70K · 11 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 9 filing years from 2015 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 — Financial Efficiency: Mission deployment rate scored 57/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.