Habitat for Humanity of Pinellas County Inc & Subsidiaries

Nonprofit profile at a glance

EIN
592509116
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Clearwater, FL, USA
Phone
7275364755
Rating
90
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$39,730,655
Expenses
$40,239,653
Assets
$47,279,709
Liabilities
$12,230,436

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

Leadership & pay

32 people listed

Executive titles in this filing

  • Michael Sutton (Chief Executive Officer)
  • Sean King (Executive Vice President)
  • Kimberly B Hagler (Executive Director - Pasco)

Highest reported compensation

  • Michael Sutton (Chief Executive Officer): $412,787 total reported compensation
  • Debbie Medley (CFO Through 11/2024): $181,941 total reported compensation
  • James R Vail (Chief Construction Officer): $161,302 total reported compensation

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

Overview

Mission

Provide home ownership to the working poor to break the cycle of poverty and create inter-generational wealth as measured by the number of families served, delinquency rate on mortgages, and foreclosure rate on mortgages.

What it reported doing in 2024

Driven by the vision that a safe and affordable home is the foundation for a better life and lasting change, Habitat for Humanity Tampa Bay Gulfside brings people together to build homes, communities, and hope. Serving Pinellas, West Pasco, and Hernando Counties, the organization empowers families earning 30 to 80 percent of thearea median income to achieve homeownership. Volunteers and future homeowners work side by side to construct homes, which are sold and financed with zero-interest loans. Candidates demonstrate need, ability to repay, and a commitment to partnership by completing homebuyer education and actively participating in building their future homes and strengthening their community. (Continued on Schedule O). Mortgage repayments are reinvested to build more homes, multiplying community impact. Last fiscal year, Habitat for Humanity partnered with 88 families who built and purchased their Habitat home.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98%; rating input score 98
  • Program expense ratio: 96.7%; rating input score 97
  • Fundraising efficiency: $19.72 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: Pass

Sustainability

  • Operating margin: -1.3%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 1.17; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 14% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 13.5% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 13.2% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 98% of revenue deployed · 96.7% of spending went to programs
  • Governance: 23 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $38.9M in reported program spending
  • Leadership: top reported pay $413K · 32 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7M reported
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.
  • High — Sustainability: Operating margin scored 26/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.