Habitat for Humanity of Greater Volusia County Inc
Nonprofit profile at a glance
- EIN
- 592687200
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Daytona Beach, FL, USA
- Phone
- 3862579950
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,389,573
- Expenses
- $3,421,888
- Assets
- $8,431,230
- Liabilities
- $716,007
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- LORI M GILLOOLY (CEO)
- DR SCOTT SHAPPELL (PRESIDENT)
Highest reported compensation
- LORI M GILLOOLY (CEO): $118,299 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Affordable housing is sold to those who qualify at no profit and with no interest charged. Volunteers provide most of the labor, and individuals, faith and corporate donors provide money and materials to build habitat houses. Partner families themselves invest hundreds of hours of labor - "sweat labor" - into building their homes and the homes of others. Their mortgage payments go into a revolving fund for humanity that is used to build more houses.
What it reported doing in 2024
Affordable home building: for the current fiscal year, hfhgvc completed 6 homes which were sold to families. Because habitat is not a give-away program, families purchase the home from habitat at no profit and habitat provides a zero interest mortgage to the family for the life of the loan. Habitat also helps the homeowner candidate to secure any downpayment or first-time homebuyer assistance funding that the family may be qualified to receive. These funds help pay down a portion of the mortgage before the family even moves in, giving an opportunity to ensure that the affordability of this home is sustainable for the long-term. As the family makes their mortgage payments, all funds are used to help support the building of future habitat homes. Consequently, while six families were helped in this fiscal year, all families that work with habitat in the future are also assisted. Finally, a continuing significant program service is the on-going education for our homeowners, habitat wants each homeowner to be successful for the long-term and has found that it is important to define what is required in successful homeownership. Staff is involved in the development of the education program but also relies on the involvement of committee members and local community experts, to help facilitate that effort.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.1%; rating input score 93
- Program expense ratio: 91.5%; rating input score 92
- Fundraising efficiency: $71.27 raised per $1 spent on fundraising; rating input score 83; 83rd 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: 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: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 2.46; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 3.5%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 14.7% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 14.6% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 8.3% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 93.1% of revenue deployed · 91.5% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $3.1M in reported program spending
- Leadership: top reported pay $118K · 13 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2009 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 30/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.