Southwest Volusia Habitat for Humanity Inc

Nonprofit profile at a glance

EIN
593010455
IRS 990 coverage
2010–2015
Forms available
Form 990 2015
Location
Daytona Beach, FL, USA
Phone
3867891320
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Support
Affiliation
Christianity

Official website

Reported finances

Revenue
$439,941
Expenses
$598,799
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • ROD BLEVINS (PRESIDENT)

People named in this filing

  • ARLINE MOSS (TREASURER)
  • ROD BLEVINS (PRESIDENT)
  • DENISE IRONS (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Southwest volusia habitat (swv hfh) is a non-profit, ecumenical christian housing ministry serving families in the southwest volusia area (debary, deltona, orange city, enterprise and osteen)of central Florida. Swv hfh seeks to eliminate poverty housing and homelessness.

What it reported doing in 2015

Affordable home building: for the current year, southwest volusia habitat for humanity sold 2 homes. Because habitat is not a give-away program, families purchase the home from habitat at no profit and habitat provides a zero interest mortgage to the family for the life of the loan. Habitat also helps to secure any downpayment or first -time homebuyer assistance funding that the family may be qualified to receive. These funds help pay down a portion of the mortgage before the family even moves in, giving an opportunity to ensure that the affordability of the home is sustainable for the long-term. As the family makes their mortgage payments, all funds are used to help support the building of additional habitat homes.

Operating model

Revenue model
Earned-program. 81% of the money available for current operations came from fees and other program revenue.
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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 12
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -36.1%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 50% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -4.6% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -14.9% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $533K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • 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.

  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.