Lakes Area Habitat for Humanity
Nonprofit profile at a glance
- EIN
- 411659149
- IRS 990 coverage
- 2012–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Brainerd, MN, USA
- Phone
- 218-828-8517
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,290,337
- Expenses
- $1,445,399
- Assets
- $7,049,037
- Liabilities
- $2,835,191
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KEVIN PELKEY (EXECUTIVE DIRECTOR)
Highest reported compensation
- KEVIN PELKEY (EXECUTIVE DIRECTOR): $97,389 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 Gods love into action, Habitat for Humanity brings people together to build homes, community and hope. Here at Habitat for Humanity, we have teams that work with donors, volunteers, partner families, and our community partners to help bring our mission to life in the Brainerd Lakes Area. Guiding us on that mission is our dedicated staff, both of the affiliate and the ReStore. Kevin Pelkey Executive Director. Home, community, and hope - how do you fit in? by: Kevin PelkeyLakes Area Habitat For Humanity builds homes, community and hope. The above statement is the driver of our mission – to build enough homes through engaging the community as volunteer builders so that all... What is the impact of tithe?
What it reported doing in 2024
Lakes area habitat for humanity works with selected low-income families to construct new and rehabilitated homes, and then sells the homes to the families. Three homes were sold during the current fiscal year to families in need.
Operating model
- Revenue model
- Donor-supported. 65% of the money available for current operations came from contributions and gifts.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65%; rating input score 65
- Program expense ratio: 71.4%; rating input score 71
- Fundraising efficiency: $7.99 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th 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: 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: -12%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 4.88; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 6.2% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 7.6% per year; rating input score 100; 50th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 65% of revenue deployed · 71.4% of spending went to programs
- Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1M in reported program spending
- Leadership: top reported pay $97K · 13 people listed
- Consistency: 37 of 37 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.