Habitat for Humanity of Forsyth County Inc
Nonprofit profile at a glance
- EIN
- 561448955
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Winstonsalem, NC, USA
- Phone
- 3367658854
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
- Affiliation
- Christianity
Reported finances
- Revenue
- $6,124,448
- Expenses
- $4,875,801
- Assets
- $15,415,769
- Liabilities
- $4,130,676
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- DAVID DOCUSEN END MARCH 2025 (PRESIDENT)
Highest reported compensation
- GEORGE REDD (EXECUTIVE DI): $122,600 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 to realize our vision of a world where everyone has a decent place to live. Habitat for humanity of forsyth county adheres to a strict non-proselytizing policy and will not offer assistance on the expressed or implied condition that people must adhere to or convert to a particular faith or list and respond to messaging designed to induce conversion to a particular faith.
What it reported doing in 2024
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 houses sizes modest, using donated construction materials, and issuing low fixed or zero rate 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 2025, habitat for humanity of forsyth county served 5 families through its long-term homeownership program and completed 15 repairs for seniors in existing homes. Financial and homebuyer education programs: as part of the homeownership process, we believe financial education builds a more solid foundation for long-term personal success and helps alleviate any concerns or barriers on the path of homeownership. During these financial education classes, we cover topics such as budgeting; credit cards and credit reports; debt and loans; saving, investing and planning for the future; emergency situations; and habitat homeowner mortgages. A more in-depth understanding of these important concepts is a tool that can be used to build a better future. Overall, habitat of humanity of forsyth county conducted 42 financial and homebuyer workshops during fy 2025. Youth empowerment program: for students between the ages of 12-17 to learn life skills, financial literacy, explore college choices, and provide opportunities they might not otherwise be able to experience; 14 youths benefited from this program and its 23 activities. Habitat forsyth also operates a retail establishment (restore) that sells donated materials and furniture to the public. In addition, habitat also performs repairs for low-income persons who own their home but cannot afford the repairs.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 87
- Accountability: 95
- Sustainability: 71
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.7%; rating input score 69
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $21.57 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd 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: 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: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20.4%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 3.16; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: -0.2% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 37th percentile among comparable filings
Details
- Where the money goes: 68.7% of revenue deployed · 85.3% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $4.2M in reported program spending
- Leadership: top reported pay $123K · 17 people listed
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.