Habitat for Humanity of Colorado Inc

Nonprofit profile at a glance

EIN
841214920
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Denver, CO, USA
Phone
3034548965
Rating
87
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$13,954,741
Expenses
$8,791,279
Assets
$9,617,548
Liabilities
$3,229,210

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

Leadership & pay

13 people listed

Executive titles in this filing

  • DAVID WARNER (PRESIDENT)

Highest reported compensation

  • KAREN KALLENBERG (EXECUTIVE DI): $148,721 total reported compensation
  • CINDI HAMMOND (DIRECTOR OF): $112,704 total reported compensation

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

Overview

Mission

Seeking to put god's love into action, habitat for humanity brings people together to build homes, communities and hope. Hfhc builds the capacity of habitat for humanity affiliates in Colorado by increasing access to resources, facilitating communication between affiliates and the community, and providing statewide leadership toward the creation of thriving communities that support healthy families.

What it reported doing in 2024

The organization hosted its regional conference: camp Colorado, bringing together 38 affiliates from 7 surrounding states for a three-day educational program focused on housing innovation, networking opportunities, and professional development. The conference provided comprehensive leadership trainings to 260 attendees, equipping them with current knowledge and best practices in affordable housing development and management. As part of the conference programming, the organization conducted a two-day pre-conference executive director retreat specifically designed for 31 habitat leaders, offering intensive strategic guidance and leadership development. The event successfully engaged 28 sponsors and exhibitors as partners, fostering collaboration and resource sharing within the affordable housing community while celebrating achievements in housing innovation across the region.

Operating model

Revenue model
Grant-funded. 89% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.8%; rating input score 62
  • Program expense ratio: 97%; rating input score 97
  • Fundraising efficiency: $79.34 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.9%; rating input score 100; 38th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: NotApplicable
    • 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: 37%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.09; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 13.2% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 13% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 14.2% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 61.8% of revenue deployed · 97% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $8.5M in reported program spending
  • Leadership: top reported pay $149K · 13 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 15 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.

Key Signals

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

  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.