Loveland Habitat for Humanity Inc

What it reported doing in 2024

Home construction: loveland habitat for humanity builds safe, decent, and affordable homes for qualified homebuyers who earn between 40%-80% of the annual area median income as defined by hud. Our home construction program allows for individuals and families to improve their living conditions, strengthen the community, and enhance health and education outcomes for themselves and their children. Since 1987, lhfh has served more than 179 homebuyers through the home construction program. Between july 1, 2024, and june 30, 2025, lhfh completed and sold 2 homes to qualified homeowners and had 6 additional homes under construction, each assigned to an eliglble homebuyer.home financing program: loveland habitat for humanity currently services a mortgage portfolio of 25 mortgages. These mortgages belong to homeowners who have participated in the homeownership education program. Each mortgage holder also invests up to 200 hours of sweat equity as a participant in the homeownership program before qualifying to purchase their home. Homes are sold to low to moderate income individuals and families whose income qualify for the lhfh program. Mortgages are structured so that families pay 30% of their monthly income toward housing costs. Lhfh offers a zero percent interest on these loans. Financial and homebuyer education programs: as a part of the homeownership process, we believe financial education builds a more solid foundation for long term success and helps alleviate any concerns or barriers on the path to homeownership. During the financial education classes, we cover topics like budgeting, understanding and managing credit, debt and loans, savings, investing and planning for the future, and understanding habitat mortgages. A more in-depth understanding of these important concepts is a tool that can be used to build a better future. Overall, loveland habitat for humanity has conducted more than 40 financial and homebuyer workshops in person and online as of fy 2025.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 84.3%; rating input score 84
• Fundraising efficiency: $5.17 raised per $1 spent on fundraising; rating input score 18; 18th 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; 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: 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: 13.7%; rating input score 69; 69th percentile among comparable filings
• Total-asset coverage ratio: 3.77; rating input score 79; 79th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
• Officer compensation ratio: 1.2%; rating input score 79; 79th percentile among comparable filings

Growth

• Program expense growth: 4.5% per year; rating input score 100; 36th percentile among comparable filings
• Revenue growth: 5.8% per year; rating input score 100; 47th percentile among comparable filings
• Asset growth: 5.2% per year; rating input score 100; 36th percentile among comparable filings