Habitat for Humanity of East Polk County

What it reported doing in 2023

Homeownership program: families in need of a decent place to live build safe and affordable homes in partnership with us. Habitat houses are modestly sized. They are large enough for the homeowner family's needs, but small enough to keep construction and maintenance costs affordable. By using the labor of volunteers and prospective homeowners, employing efficient building methods, keeping house sizes modest, using donated construction materials and appliances, and issuing no-profit loans, habitat makes its houses affordable for low-income families to purchase. Affordable homeownership helps create the conditions that free families from instability, stress and fear and encourage self-reliance and confidence. 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 fiscal year 2024, habitat of east polk county served more than 106 households through its long-term homeownership program.habitat of east polk county is committed to efficiency and transparency. We communicate with our supporters, donors and prospective donors by email, postal mail, phone and other means, both to request contributions to our cause and to educate the public about habitat of east polk county's year-round programs, volunteer opportunities and other events in local communities and around the world. These efforts help advance our mission to put god's love into action by bringing people together to build homes, communities and hope. As a result, in accordance with the financial accounting standards board guidelines and internal revenue service guidance, habitat of east polk county allocates a portion of our fundraising costs to program services. As a nonprofit organization that is exempt from federal taxation, we ensure our donors' money is spent as efficiently and effectively as possible. Additionally, we have certain expenses that cannot be billed separately for each functional area. Rent, utilities, information technology and other costs are grouped together. We allocate these costs in compliance with generally accepted accounting principles, or gaap, across the program (including habitat restores), management and general, and fundraising categories. Finally, some staff members have responsibilities that cross over functional areas. To calculate the time allocation, habitat of east polk county divides the number of hours spent on a project outside of a staff member's designated expense cateogy by the total hours worked during that period and allocates that percentage of costs to the appropriate expense category.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 78.4%; rating input score 78
• Fundraising efficiency: Limited

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: 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: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -16.5%; rating input score 12; 12th percentile among comparable filings
• Total-asset coverage ratio: 3.02; rating input score 75; 75th percentile among comparable filings
• Liabilities to assets ratio: 0.22; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 5.8%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: -0.4% per year; rating input score 0; 18th percentile among comparable filings
• Revenue growth: 0.7% per year; rating input score 100; 19th percentile among comparable filings
• Asset growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings