Habitat for Humanity Silicon Valley

What it reported doing in 2009

The Organization works in several areas.1)Housing Development which includes: Land Acquisition: Cultivating relationships with the Cities in the County of Santa Clara to locate and acquire land for affordable home construction. Construction: On-site building of homes; coordinating, training and supervision of all construction site volunteers.International: Providing for the construction of homes outside the United States. An amount of undesignated funds is donated annually to Habitat for Humanity International, as determined by the Organization's Board of Directors.2)Families and Volunteers which includes: Homeowner Relations: Extensive qualification and selection of families, training and managing long-term relationships with families.Volunteer Services: Recruiting, training and scheduling volunteers for all aspects of work; at the construction site, in the office, and on committees.Habitat for Humanity SILICON VALLEY (HFHSV) is consistently building 5-6 homes per year, which is a three-fold increase over our first 20 years of operation. The organization has developed the property resources, volunteer base, and funding needed to support this level of effort going forward. * HFHSV finished a 6-home project on Gianera Street in Santa Clara as FY09 came to close, which included the organization's affiliate's 50th home in Santa Clara County. The families moved into their homes in October 2009.* HFHSV created and expanded the Homeownership Training Curriculum, through which HFHSV conducted 34 programs for successful homeownership to help homeowners transition from renting to homeownership.* HFHSV served 43 existing homeowner families and 13 families selected for future homeownership.* HFHSV worked with 1,796 volunteers to complete 30,333 hours of building.* All homes now routinely incorporate green building materials and procedures. HFHSV now seek GreenPoint Rating or Leed certification for all homes.* HFHSV started Homeownership Readiness workshops in the City of Cupertino to prepare future homeowners for the application process of future Cupertino project.ABOUT 450 PEOPLE WERE SERVED DURING THE FISCAL YEAR.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 70th 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; 64th percentile among comparable filings
• Governance controls: 8 of 8 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: 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: 25.7%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 6.66; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0.52; rating input score 26; 26th percentile among comparable filings
• Officer compensation ratio: 10.8%; rating input score 31; 31st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited