Knoxville Habitat for Humanity Inc
Nonprofit profile at a glance
- EIN
- 581727980
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Knoxville, TN, USA
- Phone
- 8655233539
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $6,198,331
- Expenses
- $7,003,349
- Assets
- $16,874,378
- Liabilities
- $5,254,011
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- ANNA ENGELSTAD (PRESIDENT/CEO)
- KELLE SHULTZ (FORMER CEO)
Highest reported compensation
- KELLE SHULTZ (FORMER CEO): $156,652 total reported compensation
- ANNA ENGELSTAD (PRESIDENT/CEO): $146,034 total reported compensation
- LANCE WEEDEN (CFO): $129,417 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, knoxville habitat for humanity brings people together to build homes, communities and hope. Our vision is a world where everyone has a decent place to live.
What it reported doing in 2024
Partner families complete 300 hours of "sweat equity" (homeowner education) to build and purchase their affordable home. Knoxville habitat for humanity provides more than 200 homeowner education classes each year. Classes are offered on multiple days of the week and at varying times to accommodate shift workers. In addition to weekly budgeting classes, the curriculum also includes topics such as: telling your story, orientation 1 & 2, home maintenance, energy efficiency, nutrition and food budgets, good neighbor 1 & 2, house construction and purchase agreements, and a wills clinic. Our family services staff work with families between classes to help them address needs and navigate deadlines. Knoxville habitat has a 96.7% homeownership success rate that is greatly due to the outstanding 9 to 18-month homeowner education and family support program.
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 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: 87
- Transparency & Controls: 75
- Accountability: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.7%; rating input score 98
- Program expense ratio: 84.3%; rating input score 84
- Fundraising efficiency: $10.36 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd 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; 63rd 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: -13%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 2.41; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 28th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 97.7% of revenue deployed · 84.3% of spending went to programs
- Governance: 18 of 18 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $5.9M in reported program spending
- Leadership: top reported pay $157K · 21 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $399K reported
- Consistency: 39 of 39 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Sustainability: Operating margin scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.