Habitat for Humanity of Key West and Lower Florida Keys
Legal name: Habitat for Humanity of Key West and Lower Florida Keys Inc
Nonprofit profile at a glance
- EIN
- 650443188
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Key West, FL, USA
- Phone
- 3052949006
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
- Affiliation
- Christianity
Reported finances
- Revenue
- $5,413,387
- Expenses
- $3,994,588
- Assets
- $12,559,846
- Liabilities
- $4,567,358
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- JOE MOODY (PRES/CHAIRPE)
- DEBBIE BATTY (VICE CHAIR)
- NICHOLAS WAHRER (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Habitat for Humanity of Key West and Lower Florida Keys believes that everyone should have a decent, safe and affordable place to live. Seeking to put God’s love into action, Habitat for Humanity brings people together to build homes, communities and hope. Habitat for Humanity of Key West and Lower Florida Key is a nonprofit organization that helps families build and improve places to call home. We believe affordable housing plays a critical role in strong and stable communities. Habitat Lower Keys builds and repairs houses using volunteer labor and donations. Income-qualifying Lower Keys families purchase these houses through no-profit, no-interest mortgages. In order to qualify, the families must demonstrate a need for affordable housing, qualify for the loan, and be willing to partner with Habitat by completing homeownership courses and contributing 200-300 hours of sweat equity...
What it reported doing in 2024
The organization provides decent low cost and affordable housing through new home construction, restoration and emergency residential repairs for the economically disadvantaged. In 2025, the organization sold 4 homes and repaired approximately 4 homes. The organization has approximately 3.2 million in construction in progress accross various job sites, set for completion in the next two years.
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.
The verdict
STRONG - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.5%; rating input score 52
- Program expense ratio: 69%; rating input score 69
- Fundraising efficiency: $27.06 raised per $1 spent on fundraising; rating input score 67; 67th 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 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 26.2%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 3.14; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 13.2% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 13.9% per year; rating input score 100; 71st percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 51.5% of revenue deployed · 69% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $2.8M in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Highest-paid contractors: 3 contractors listed · $612K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.