Habitat for Humanity of Eastern Connecticut Inc

EIN: 061214680 501(c)(3) Housing & Shelter

New London, CT

Total Revenue
$2,444,740
Total Expenses
$2,131,102
Total Assets
$6,487,992
Net Assets
$5,308,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CT
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.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
28
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
4
$109,616
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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