Syracuse Habitat for Humanity Inc

What it reported doing in 2024

Homeownership program: families in need of a decent place to live build safe and affordable homes in partnership with us. Habitat houses are modestly sized. They are large enough for the homeowner family's needs, but small enough to keep construction and maintenance costs affordable. By using the labor of volunteers and prospective homeowners, employing efficient building methods, keeping houses sizes modest, and using donated construction materials and appliances, habitat makes its houses affordable for low-income families to purchase. Affordable homeownership helps create the conditions that free families from instability, stress and fear and encourage self-reliance and confidence. Studies show that strong and stable households are foundational to child development and growth. When a home fosters instead of hinders health and safety, families can flourish. Owning an affordable home also allows homeowners to lift up their entire family by saving for their futures and investing in educational opportunities, bolstering job opportunities and career growth. During fiscal year 2024, syracuse habitat for humanity served more than 13 people through its long-term homeownership program.syracuse habitat for humanity is committed to efficiency and transparency. We communicate with our supporters, donors, and prospective donors by email, postal mail, phone, and other means, both to request contributions to our cause and to educate the public about syracuse habitat for humanity's year-round programs, volunteer opportunities, and other events in local communities and around the world. These efforts help advance our mission to put god's love into action by bringing people together to build homes, communities and hope. As a result, in accordance with the financial accounting standards board guidelines and internal revenue service guidance, syracuse habitat for humanity allocates a portion of our fundraising costs to program services. As a nonprofit organization that is exempt from federal taxation, we ensure our donors' money is spent as efficiently and effectively as possible. Additionally, we have certain expenses that cannot be billed separately for each functional area. Rent, utilities, information technology, and other costs are grouped together. We allocate these costs in compliance with generally accepted accounting principles, or gaap, across the program (including habitat restores), management and general, and fundraising categories.

Financial Efficiency

• Mission deployment rate: 63.6%; rating input score 64
• Program expense ratio: 81.1%; rating input score 81
• Fundraising efficiency: $22.09 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 25th 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 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • 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: 24.1%; rating input score 80; 80th percentile among comparable filings
• Total-asset coverage ratio: 3.49; rating input score 78; 78th percentile among comparable filings
• Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 11.5%; rating input score 32; 32nd percentile among comparable filings

Growth

• Program expense growth: 1.7% per year; rating input score 100; 25th percentile among comparable filings
• Revenue growth: 1.5% per year; rating input score 100; 21st percentile among comparable filings
• Asset growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings