South Puget Sound Habitat for Humanity

Nonprofit profile at a glance

EIN
911427020
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Olympia, WA, USA
Phone
3609563456
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$7,692,800
Expenses
$6,974,734
Assets
$16,401,441
Liabilities
$9,381,487

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

Leadership & pay

14 people listed

Executive titles in this filing

  • JANINE EZZELL (PRESIDENT)
  • JENNIFER ARNOLD (VICE PRESIDENT)
  • ELIZABETH WALKER (CEO)

Highest reported compensation

  • TANYA MOTE (CHIEF ADVANCEMENT OFFICER): $120,393 total reported compensation
  • GREG LAURA (STORE AND FACILITIES DIRECTOR): $115,710 total reported compensation
  • ELIZABETH WALKER (CEO): $114,388 total reported compensation

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

Overview

Mission

South puget sound habitat for humanity brings people together to build homes, communities, and hope to realize our vision of a world where everyone has a decent place to live.

What it reported doing in 2024

Home preservation program: enabling neighbors to stay in their homes affordably is just as important to a community's health as creating new homebuyers. Too many south sound neighbors struggle to make critical repairs to their home for lack of resources. Our repair programs help income-qualified owners to stay in their homes by performing critical, aging, and energy-focused repair and upgrade work. Most repair projects address health and safety concerns like mold remediation, accessibility, and climate control.

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 100% 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 92
  • Accountability: 91
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.6%; rating input score 78
  • Program expense ratio: 84%; rating input score 84
  • Fundraising efficiency: $11.81 raised per $1 spent on fundraising; rating input score 43; 43rd 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: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.3%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 2.35; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: 16.3% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 14.3% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 13.9% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 77.6% of revenue deployed · 84% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $5.9M in reported program spending
  • Leadership: top reported pay $120K · 14 people listed
  • Highest-paid contractors: 3 contractors listed · $1.8M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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 43/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 53/100.