Indian River County Habitat for Humanity Inc

Nonprofit profile at a glance

EIN
650230079
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Vero Beach, FL, USA
Phone
7725629860
Rating
88
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$13,417,793
Expenses
$12,917,147
Assets
$21,796,919
Liabilities
$4,459,852

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

Leadership & pay

15 people listed

Executive titles in this filing

  • Trevor Loomis (President/CEO)

Highest reported compensation

  • Trevor Loomis (President/CEO): $163,557 total reported compensation
  • Barbara Middleton (CFO): $120,948 total reported compensation

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

Overview

Mission

Seeking to put God's love into action, Indian River Habitat for Humanity develops housing solutions guided by the needs of its family partners and the community. With a deep sense of compassion and a commitment to service, we work hand in hand with our family partners, volunteers, and community stakeholders to create lasting change. Our mission goes beyond constructing houses; it is a transformative journey that uplifts and empowers. We listen to the needs of our family partners and collaborate with them to create tailored housing solutions that meet their unique circumstances. Through our work, we strive to break the cycle of poverty and create a path towards self-reliance and dignity. As we continue to advance the Habitat mission, we seek to expand our reach and strengthen the impact that our work can have on the families we serve far into the future.

What it reported doing in 2024

HOME OWNERSHIP PROGRAM - Habitat for Humanity partners with families in need to build safe, decent, and energy efficient homes. Our homes are designed for lasting affordability and to meet the needs of homeowner families. By utilizing the labor of volunteers and future homeowners, using efficient building techniques, and utilizing donated materials, Habitat offers homes to working families using affordable, non-interest-bearing mortgages. This model makes home ownership accessible and sustainable for families in need. Attainable home ownership creates stability, reduces stress, and fosters self-reliance and confidence. Studies show that stable homes play a crucial role in healthy child development. When a home supports health, safety, and security, it provides a strong foundation for families to thrive. Home ownership also empowers families to save for the future, invest in education, and pursue career growth, ultimately lifting the entire family. Indian River Habitat launched its ambitious housing counseling program (HCP) with an overarching goal to provide financial counseling and education to become fully equipped to make informed decisions along the pre-purchase and post-purchase home ownership continuum. The design flow of the HCP is systematic, and it is geared toward reducing or eliminating potential barriers, resulting in the opportunity to deepen and lengthen our reach. Standard HUD guidelines and practices are established to direct families through a series of distinct steps, from completing an intake packet to fulfilling the requirements of one of three home ownership paths - an open market purchase, entrance into the Habitat Homeownership Program, or ongoing counseling for families that are currently unqualified to purchase a home. Indian River Habitat is confident that this program will help additional families achieve home ownership. In fiscal year 2025, Indian River Habitat for Humanity helped more than 68 households with 154 individuals through our long-term home ownership and financial literacy program along with housing counseling services.

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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 84
  • Accountability: 100
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.6%; rating input score 91
  • Program expense ratio: 94%; rating input score 94
  • Fundraising efficiency: $13.98 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • 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: 3.7%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 1.69; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 7.1% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 90.6% of revenue deployed · 94% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $12.1M in reported program spending
  • Leadership: top reported pay $164K · 15 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.6M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Financial Efficiency: Fundraising efficiency scored 48/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.