Kalamazoo Valley Habitat for Humanity Inc

Nonprofit profile at a glance

EIN
382558965
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Kalamazoo, MI, USA
Phone
2693442443
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$2,853,082
Expenses
$2,176,275
Assets
$4,957,096
Liabilities
$320,133

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

Leadership & pay

11 people listed

Executive titles in this filing

  • LISA CARRIVEAU (PAST PRESIDENT)
  • KENNY LEONARD (PRESIDENT)
  • MIKE OLIPHANT (PAST PRESIDENT)

Highest reported compensation

  • TERESA THRASH (EXEC. DIRECT): $80,162 total reported compensation

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

Overview

Mission

Acquiring land and homes for the purpose of building new homes, and renovating existing homes to sell to very low income families under interest free land contracts or mortgages. The homes are located in urban areas of kalamazoo county, which are generally considered to be economically depressed. Habitat's support comes primarily from the sale of homes, various government grants and contributions from individual donors and various organizations. Kalamazoo valley habitat for humanity has implemented a home repair program, to help meet the changing needs of the communities we serve.

What it reported doing in 2024

Volunteer development - enables habitat to fulfill their two fold vision to make simple, decent, affordable housing available and to transform lives and our community. Utilizing volunteer labor and resources significantly lowers the cost of home construction. Yet, most importantly, through the act of working in partnership with volunteers and homebuyers, we empower individuals and families to engage themselves in their community and to impact the lives of their neighbors through service and advocacy. Family service - has two major sets of activity. The first activity is the recruitment and selection of habitat partner families. This is a complicated process involving community education events, partner recruitment sessions, screening many applicants with the goal of serving 12 - 15 partner families per year (depending on eligibility of applicants). The second major set of activities is family support. This involves three stages: 1.strengthening the partner relationship between the habitat partner and the affiliate. 2.supporting the partner family with information and training through their homebuilding and sweat equity process. 3.preparing the partner family for a successful transition from renter to owner (training, skill development, attitude and responsibility).

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 86
  • Accountability: 90
  • Sustainability: 72
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.4%; rating input score 59
  • Program expense ratio: 76.8%; rating input score 77
  • Fundraising efficiency: $5.38 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.7%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 2.28; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 59.4% of revenue deployed · 76.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $1.7M in reported program spending
  • Leadership: top reported pay $80K · 11 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 59/100.
  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.