Paterson Habitat for Humanity Inc Subsidiary

Nonprofit profile at a glance

EIN
222598353
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Paterson, NJ, USA
Phone
9735956868
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$7,038,382
Expenses
$12,525,702
Assets
$23,572,865
Liabilities
$16,400,367

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

Leadership & pay

18 people listed

Executive titles in this filing

  • MIGUEL RODRIGUEZ (PRESIDENT)
  • GAIL LEVINSON (VICE PRESIDENT)
  • SCOTT MILLARD (CEO)

Highest reported compensation

  • SCOTT MILLARD (CEO): $194,694 total reported compensation
  • ASHLEY LEWIS (CHIEF PROGRAM & ADMIN OFFICER): $156,363 total reported compensation
  • ELIANA GARCES (DIRECTOR OF FINANCE): $150,335 total reported compensation

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

Overview

Mission

Serving passaic county nj, families, and individuals in need of a hand-up partner with paterson habitat for humanity, inc. (the organization) to build or improve a place they can call home. Through the merger of affordable home ownership and community redevelopment efforts, the organization works to revitalize stressed neighborhoods and create communities people want to call home.

What it reported doing in 2024

The neighborhood revitalization program at passaic county habitat is committed to serving the city of paterson, focusing on the 1st ward northside neighborhood and the 4th ward rosa parks neighborhood. Our efforts are centered on addressing housing needs, public safety concerns, and educational resources to enhance community well-being. We coordinate various initiatives for neighborhood revitalization, including community clean-ups, flower planting events, assistance with community gardens, critical repair programs, english classes, extended library hours, and business facade improvements. Noteably in fy25 we dedicated the new janette thompson park which provides a much-needed green and recreational space for residents in the 1st ward northside neighborhood.

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.

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: 89
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.7%; rating input score 90
  • Fundraising efficiency: $7.44 raised per $1 spent on fundraising; rating input score 28; 28th 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: 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: 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: -78%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.88; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $11.2M in reported program spending
  • Leadership: top reported pay $195K · 18 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $448K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 5 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.

  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.