Habitat for Humanity of Eastern Co… - Form 990 Financial Data

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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

1987

Legal Domicile

Phone

8604427890

Tax Period

2024-07-01 to 2025-06-30

Habitat for Humanity of Eastern Connecticut Inc, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $2.1M left a modest 13% surplus.

Mission

Habitat for Humanity of Eastern connecticut, Inc., in the spirit of sharing, creates affordable homeownership opportunities for households in our community. This is achieved through dedicated efforts of volunteers and community partners who find rewarding experiences by sharing their time, talents, and resources. Our goal is to make a difference in the lives of others, fulfill the dream of homeownership, and be a solution to housing inequity in Eastern Connecticut.

Program Service Accomplishments

Program 1

Expenses: $1,651,834 Revenue: $1,372,420

In FY25, the affiliate sold 2 homes to local families, re-located a ReStore location, and have an additional 7 properties under some phase of construction. All homes under construction are completely funded. Attended by our friends in local community housing organizations, along with our community finance partners, we hosted a first-time Homeowner Readiness Resource Fair open to all renters in eastern CT and drew over 50 households. The first and second groups of new homeowner partners were voted into the re-designed homeownership program, so were now partnering with 6-8 families at a time (our ultimate goal for # homes sold/year is 8-10)

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,072,798

Program Service Revenue $1,372,420

Investment Income $-23,963

Other Revenue $23,485

TOTAL REVENUE $2,444,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,051,655

Fundraising Expenses $192,043

Program Expenses $1,651,834

Other Expenses $1,079,447

TOTAL EXPENSES $2,131,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,444,740	$3,386,133	-0.3%
Expenses	$2,131,102	$2,891,222	-0.3%
Net Income	$313,638	$494,911	-0.4%

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

635

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

$109,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Lufler	Exec. Director	40.00	Officer	$106,456	$3,160	$109,616
Ericka Winstead	President	1.00	Officer Director	$0	$0	$0
Trip Kyle	Director	1.00	Director	$0	$0	$0
Joann Hall	Director	1.00	Director	$0	$0	$0
Ryan Kania	Treasurer	1.00	Officer Director	$0	$0	$0
John Fortunado	Director	1.00	Director	$0	$0	$0
Judi Jordan	Director	1.00	Director	$0	$0	$0
Peter Bachiochi	Director	1.00	Director	$0	$0	$0
Joshua Miller	Director	1.00	Director	$0	$0	$0
Michael Green	Vice President	1.00	Officer Director	$0	$0	$0
Lee Couture	Director	1.00	Director	$0	$0	$0
Jeffrey Lazzaris	Director	1.00	Director	$0	$0	$0
Joshua Posey	Director	1.00	Director	$0	$0	$0

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
2025	$2,444,740	$2,131,102	$6,487,992	$313,638
2024	No data	No data	No data	No data
2023	$2,333,135	$2,580,532	$5,619,011	$-247,397
2022	$1,972,521	$2,159,857	$5,778,398	$-187,336
2021	$1,816,757	$1,976,901	$6,112,842	$-160,144
2020	$1,807,181	$1,391,548	$6,193,939	$415,633
2019	$2,415,275	$2,384,200	$5,040,281	$31,075
2018	$2,621,423	$2,189,935	$4,960,380	$431,488

Habitat for Humanity of Eastern Connecticut Inc