Habitat for Humanity of Gaston County Inc

Nonprofit profile at a glance

EIN
561634454
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2023
Location
Gastonia, NC, USA
Phone
7048646536
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$828,707
Expenses
$792,421
Assets
$0
Liabilities
$0

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

Leadership & pay

13 people listed

Executive titles in this filing

  • Patrick Mumford (President)
  • Chris Putnam (Vice President)

Highest reported compensation

  • La Vang (Finance Manager): $24,331 total reported compensation
  • Lisa Quisenberry (Executive Dir.): $21,000 total reported compensation

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

Overview

Mission

To build decent affordable housing in partnership with families in need and our communities. To make adequate housing a matter of conscience and action for everyone.

What it reported doing in 2024

Founded in 1988, Habitat for Humanity of Gaston County (Habitat Gaston) is a 501 (c) (3) nonprofit and an affiliate of Habitat for Humanity International, a widely respected global brand. Habitat Gaston partners with families in the low-income range of 30- 80% of area median income "AMI" to make the dream of homeownership a reality. We break down the barriers to obtaining a mortgage such as poor credit, lack of a down payment and consumer debt that prevent low-income families from obtaining credit. Through this partnership, families purchase a home they can afford on the wages they make. Homeownership enables families to thrive, build a financial asset and escape generational poverty.The ReStore program provides opportunities for future homeowners to accomplish required sweat equity hours. Customers purchased economical goods and materials that helped us accomplish our mission to build simple, decent homes for partner families.Habitat for Humanity of Gaston Countys Home Repair Program provides home repair services to existing homeowners in the 30-80% of AMI in order to create a safe, decent home environment for low income homeowners. This allows families to maintain their homeownership and contributes to stable communities, leading to a stronger Gaston County.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
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.

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.4%; rating input score 86
  • Program expense ratio: 91.5%; rating input score 92
  • Fundraising efficiency: $2.42 raised per $1 spent on fundraising; rating input score 7; 7th 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Fail

Sustainability

  • Operating margin: 4.4%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.7%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 7.6% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 86.4% of revenue deployed · 91.5% of spending went to programs
  • Governance: 11 of 11 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $725K in reported program spending
  • Leadership: top reported pay $24K · 13 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 7/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 51/100.