Habitat for Humanity of Cape Cod Inc

Nonprofit profile at a glance

EIN
222900430
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Yarmouth Port, MA, USA
Phone
5083623559
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$4,423,704
Expenses
$4,929,392
Assets
$10,910,649
Liabilities
$1,868,943

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

Leadership & pay

17 people listed

Executive titles in this filing

  • WENDY CULLINAN (PRESIDENT &)

Highest reported compensation

  • WENDY CULLINAN (PRESIDENT &): $167,771 total reported compensation
  • MARY CAMPBELL (COO): $131,323 total reported compensation
  • ROBERT RYLEY (DIR OF CONST): $123,039 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 mission of habitat for humanity of cape cod is to build homes, hope, lives and community on cape cod in partnership with families in need.

What it reported doing in 2024

During fiscal year 2024, habitat for humanity of cape cod was busy building 10 homes in falmouth, 4 homes in dennis, 4 homes in wellfleet, 3 homes in sandwich 2 homes in chatham, 2 homes in brewster, all with local volunteers and the soon to be homeowners. These homes will be sold at an affordable price to low income families with critical housing needs. All habitat homes are deed restricted in perpetuity to remain affordable upon any resale. Our homes are currently built using many energy saving measures and solar panels, and are expected to achieved a net-zero, or close-to-zero "hers" (home energy ratings) rating. This means the homes are veryenergy efficient, making them even more affordable for the new homeowners. Also during fiscal 2024, ground work and permitting work was underway for 6-8 homes in yarmouth, 4 homes in falmouth. Our restores continued to perform beyond expectations and continued to raise significant funds for the work of habitat, while promoting our mission, and engaging even more community volunteers. Both stores are very highly rated for sales per square foot compared to all the restores in the country. Habitat for humanity of cape cod, inc. Continues to sustain its programs and community impact through a very diverse community-based fundraising strategy, and with the energetic involvement of many hundreds of volunteers and donors, who generously dedicate funds, time and diverse talents to furthering our mission.

Operating model

Revenue model
Donor-supported. 68% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 84
  • Accountability: 100
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: $5.42 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: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • 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: 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: -11.4%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 2.21; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 8.6%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 20.2% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 13.6% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 7.9% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.2% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.2M in reported program spending
  • Leadership: top reported pay $168K · 17 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • High — Sustainability: Operating margin scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.