Raritan Valley Habitat for Humanity Inc

Nonprofit profile at a glance

EIN
223126027
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Pluckemin, NJ, USA
Phone
9087040016
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,082,561
Expenses
$1,916,308
Assets
$3,358,761
Liabilities
$1,364,013

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

Leadership & pay

14 people listed

Executive titles in this filing

  • DAVID CHECCHIO (PRESIDENT)
  • RENEE CASEY (VICE PRESIDENT)
  • MELISSA FLYNN (EXECUTIVE DIRECTOR)
  • JESSICA ABBOTT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MELISSA FLYNN (EXECUTIVE DIRECTOR): $86,117 total reported compensation
  • JESSICA ABBOTT (EXECUTIVE DIRECTOR): $62,526 total reported compensation

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

Overview

Mission

Raritan valley habitat for humanity, inc. (organization") is anot-for-profit organization that builds and preserves affordable homesin somerset and hunterdon counties (New Jersey) in partnership withlow- and moderate- income homeowners and the community. Theorganization is an affiliate of habitat for humanity international, inc. During 2018, the organization opened a habitat for humanityrestore in manville, somerset county. A habitat restore sells new andgently-used, donated furniture, appliances, home decor and buildingsupplies to the public at a fraction of their retail prices. Itbenefits the community by providing high-quality items at affordableprices, generating proceeds to fund the building and repair of moreaffordable homes, and keeping items out of landfills.

What it reported doing in 2024

Raritan valley habitat for humanity, inc. (rvhfh) builds strength, stability and self-reliance for low-and moderate-income individuals andfamilies in hunterdon and somerset counties through affordablle homeownership opportunities. The habitat program is truly unique; partner homeowners invest 250-500+ hours working alongside volunteers from across the community to build their homes, and, at the same time, build bridges of understanding, empathy and respect between diverse groups. Rvhfh extends a 0%-interest mortgage to partner homeowners, and, because of the extensive support of dedicated, skilled volunteers, is able to sell homes for a fraction of their market value. As a result, able to sell homes for a fraction of their market value. As a result, partner homeowners' monthly mortgage payments are significantly less than they have been paying for rent, allowing them to set aside money each month to build savings, obtain needed medical and dental care, go back to school to increase their earnings potential and save for their children's college education. The opportunity to live in a decent, healthy and stable household in a safe, nurturing neighborhood with access to good medical care, schools, recreation, and role models transforms lives for generations to come.

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 96% 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: 70
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.3%; rating input score 73
  • Program expense ratio: 77%; rating input score 77
  • Fundraising efficiency: $9.87 raised per $1 spent on fundraising; rating input score 37; 37th 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: 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: 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: 8%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 1.75; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 17% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 14.1% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 73.3% of revenue deployed · 77% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1.5M in reported program spending
  • Leadership: top reported pay $86K · 14 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.