HABITAT FOR HUMANITY OF GREATER NEW HAVEN INC (EIN 061178712) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

JENNIFER ROOK

Phone

2037850794

Tax Period

2023-01-01 to 2023-12-31

HABITAT FOR HUMANITY OF GREATER NEW HAVEN INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 8% surplus.

Mission

HABITAT FOR HUMANITY OF GREATER NEW HAVEN INC., BUILDS AND RENOVATES AFFORDABLE HOMES IN THE GREATER NEW HAVEN, CT AREA WITH VOLUNTEER LABOR AND THE FUTURE LOW INCOME FIRST TIME HOME-BUYERS WHO PURCHASE THESE HOMES AT BELOW COST. HABITAT PROVIDES THE FAMILIES FINANCING THROUGH 0% INTEREST 25 YEAR MORTGAGES. HABITAT'S PROGRAM IS FUNDED THROUGH CONTRIBUTIONS, INKIND DONATIONS, AND GRANTS FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS, PUBLIC AGENCIES, RELIGIOUS ORGANIZATIONS AND FROM THE SALES OF GOODS AT IT'S RESTORE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $954,237

Program Service Revenue $849,922

Investment Income $141,060

Other Revenue $123,899

TOTAL REVENUE $2,069,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,889

Fundraising Expenses $138,522

Program Expenses $1,602,667

Other Expenses $1,383,893

TOTAL EXPENSES $1,913,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,069,118	$1,880,539	+0.1%
Expenses	$1,913,782	$1,644,053	+0.2%
Net Income	$155,336	$236,486	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1551

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$214,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK LUDDY	PRESIDENT	1.00	Officer Director	$0	$0	$0
REV SCOTT MORROW	DIRECTOR	1.00	Director	$0	$0	$0
LORRAINE MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
KATIE MURPHY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY CARNEY	DIRECTOR	1.00	Director	$0	$0	$0
DONALD DELOGE	DIRECTOR	1.00	Director	$0	$0	$0
MICHEL DUCHESNE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BECKWITH	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BURKE	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE DEMBRY	SECRETARY	1.00	Officer Director	$0	$0	$0
PIA GERO	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
KEITH JOHNS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LUCKER	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA VERDERAME	DIRECTOR	1.00	Director	$0	$0	$0
REV TODD VETTER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MICHELS	EXECUTIVE DIRECTOR	45.00	Officer	$105,077	$3,152	$108,229
JENNIFER ROOK	CO-EXECUTIVE DIRECTOR	40.00	Officer	$102,981	$3,089	$106,070

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,069,118	$1,913,782	$4,842,558	$155,336
2022	$1,880,539	$1,644,053	$4,767,501	$236,486
2021	$2,565,500	$2,201,322	$4,213,833	$364,178
2020	$2,121,759	$1,875,191	$3,978,217	$246,568
2019	$3,265,973	$2,328,732	$3,693,392	$937,241

HABITAT FOR HUMANITY OF GREATER NEW HAVEN INC