Habitat for Humanity of Huron Valley

What it reported doing in 2024

Community development - our community development activities include events in which hhhv helps create a benefit for an entire neighborhood. Activities include neighborhood association meetings, community planning meetings, door-to-door surveys, supporting resident-led action teams, neighborhood beautification days, neighborhood picnics, enhancing community amenities, and neighborhood school events. In particular, hhhv is currently partnering with residents in gault village, west willow and sugarbrook to make their communities even better places to live and work. While we have renovated more than 60 homes in these neighborhoods, we also provide support for community planning and organization work to enhance the positive impact of all of our programs. We offer these programs and activities in order to bring positive change to neighborhoods, making them more economically stable and improving the quality of life for residents. Volunteer engagement in fy25 hhhv engaged with 3483 volunteers for 16149 hours across all programs and committees. Hhhv utilizes a donor database to track these volunteers, and this number represents the total number of volunteer days multiplied by the volunteers which are present for each volunteer day. In this method a single volunteer will be counted for each event or day in which they were present. Transparency hhhv is committed to efficiency and transparency. We communicate with our supporters, donors and prospective donors by email, social media, postal mail, phone, and other means, both to request contributions to our cause and to educate the public about hhhv's year-round programs, volunteer opportunities and other events in our local communities, and around the world. These efforts help advance our mission by bringing people together to build homes, secure futures and strengthen communities. As a result, in accordance with financial accounting standards board (fasb) guidelines and internal revenue service guidance, hhhv allocates a portion of our fundraising costs to program services. As a nonprofit organization that is exempt from federal taxation, we ensure our donor's 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 our programs (including restore), management and general, and fundraising categories. Finally, staff members have responsibilites that cross over functional areas, and these staff members' time is allocated across functional areas based on allocation tables by percentage of effort that are updated regularly.

Financial Efficiency

• Mission deployment rate: 78.9%; rating input score 79
• Program expense ratio: 84.7%; rating input score 85
• Fundraising efficiency: $8.39 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd 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; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • 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: 6.9%; rating input score 56; 56th percentile among comparable filings
• Total-asset coverage ratio: 1.29; rating input score 46; 46th percentile among comparable filings
• Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 7.9%; rating input score 37; 37th percentile among comparable filings

Growth

• Program expense growth: -0.2% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
• Asset growth: 5.9% per year; rating input score 100; 39th percentile among comparable filings