HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY INC

EIN: 222597077 501(c)(3) Housing & Shelter

BRIDGEPORT, CT

Total Revenue
$5,792,315
Total Expenses
$5,383,494
Total Assets
$20,728,091
Net Assets
$13,676,522
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CT
Principal Officer
CAROLYN VERMONT
Phone
2033332642
Tax Period
2023-01-01 to 2023-12-31

HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $5.4M left a modest 7% surplus.

Mission

HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY SEEKS TO BUILD COMMUNITY AND TO IMPROVE LIVES BY PARTNERING WITH LOW-INCOME FAMILIES, COMMUNITY VOLUNTEERS AND DONORS TO BUILD AND SELL SIMPLE, SAFE AND AFFORDABLE HOMES IN STABLE AND WELCOMING NEIGHBORHOODS.

Program Service Accomplishments

Program 1
Expenses: $2,705,178 Revenue: $1,089,660

HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY (HFHCFC) IS THE LOCAL AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL AND SERVES COASTAL FAIRFIELD COUNTY. IT IS AN AUTONOMOUS 501(C)(3) NONPROFIT...

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HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY (HFHCFC) IS THE LOCAL AFFILIATE OF HABITAT FOR HUMANITY INTERNATIONAL AND SERVES COASTAL FAIRFIELD COUNTY. IT IS AN AUTONOMOUS 501(C)(3) NONPROFIT ORGANIZATION. IT IS GOVERNED LOCALLY, RAISES FUNDS LOCALLY AND BUILDS LOCALLY.HABITAT'S PROGRAMS CREATE SIMPLE, DECENT, SAFE AND AFFORDABLE HOMES FOR OWNERSHIP BY LOW-INCOME FAMILIES. PARTNER FAMILIES QUALIFY BY SHOWING A DEMONSTRATED NEED FOR IMPROVED HOUSING, A WILLINGNESS TO PARTNER WITH HABITAT (BY COMMITTING TO 200-500 HOURS OF "SWEAT EQUITY" HELPING TO BUILD THEIR OWN HOMES, THE HOMES OF OTHER HABITAT PARTNER FAMILIES, OR WORKING IN THE RESTORE), AND THE ABILITY TO REPAY AN AFFORDABLE INTEREST-FREE MORTGAGE.HFHCFC PROVIDES EXTENSIVE PRE AND POST-SALE SOCIAL AND SUPPORT SERVICES TO ITS HOMEOWNERS. WITH OUR HELP, HABITAT HOMEOWNERS ACHIEVE THE STRENGTH, STABILITY AND INDEPENDENCE THEY NEED TO BUILD A BETTER FUTURE FOR THEMSELVES AND THEIR FAMILIES. HABITAT FOR HUMANITY WAS FOUNDED ON THE CONVICTION THAT EVERY MAN, WOMAN AND CHILD SHOULD HAVE A SIMPLE, DURABLE PLACE TO LIVE IN DIGNITY AND SAFETY, AND THAT DECENT SHELTER IN DECENT COMMUNITIES SHOULD BE A MATTER OF CONSCIENCE AND ACTION FOR ALL.

Program 2
Expenses: $1,625,558 Revenue: $2,064,089

HFHCFC OPERATES A NOT-FOR-PROFIT RETAIL STORE, RESTORE, WHICH SELLS DISCOUNTED USED FURNITURE AND BUILDING SUPPLIES. THIS SOCIAL ENTERPRISE CONTRIBUTES FUNDING TO HFHCFC PRIMARY MISSION OF BUILDING...

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HFHCFC OPERATES A NOT-FOR-PROFIT RETAIL STORE, RESTORE, WHICH SELLS DISCOUNTED USED FURNITURE AND BUILDING SUPPLIES. THIS SOCIAL ENTERPRISE CONTRIBUTES FUNDING TO HFHCFC PRIMARY MISSION OF BUILDING SIMPLE, SAFE AND AFFORDABLE HOMES WHILE ALSO BENEFITTING THE COMMUNITY BOTH FISCALLY AND ENVIRONMENTALLY. LOW-COST HOME IMPROVEMENT ITEMS ARE OFFERED TO THE PUBLIC WHILE KEEPING USEABLE APPLIANCES AND BUILDING MATERIALS OUT OF OUR LANDFILLS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,262,535
Program Service Revenue $3,153,749
Investment Income $295,830
Other Revenue $80,201
TOTAL REVENUE $5,792,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,207,557
Fundraising Expenses $348,708
Program Expenses $4,330,736
Other Expenses $3,175,937
TOTAL EXPENSES $5,383,494

Year-over-Year Comparison

2023 2022 Change
Revenue $5,792,315 $12,169,324 -0.5%
Expenses $5,383,494 $6,330,111 -0.1%
Net Income $408,821 $5,839,213 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
36
Volunteers
22500

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
8
$394,943
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE KEITH CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH A MASSOUD VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN COOK TREASURER 1.00
Officer Director
$0 $0 $0
BETH RAFFERTY SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT GIGLIETTI DIRECTOR 1.00
Director
$0 $0 $0
DWAYNE SMITH DIRECTOR 1.00
Director
$0 $0 $0
T DAVID SHORT DIRECTOR 1.00
Director
$0 $0 $0
HASSAN BUTT DIRECTOR 1.00
Director
$0 $0 $0
MARC KOSAK DIRECTOR 1.00
Director
$0 $0 $0
DANIELLE LEBLANC DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW MATARESE DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN VERMONT CEO 40.00
Officer
$150,352 $15,664 $166,016
KEVIN MOORE COO 40.00
Officer
$120,685 $6,611 $127,296
KENNETH ESSEX DIRECTOR OF FINANCE & OPER 40.00
Officer
$65,531 $0 $65,531
JOHN CORSANO CFO 40.00
Officer
$36,100 $0 $36,100
RICHARD DESAUTELS RESTORE MANAGER 40.00
Highest
$104,027 $0 $104,027
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 No data No data No data No data
2024 No data No data No data No data
2023 $5,792,315 $5,383,494 $20,728,091 $408,821
2022 $12,169,324 $6,330,111 $19,556,234 $5,839,213
2021 $5,778,803 $5,006,453 $10,938,183 $772,350
2020 $4,099,363 $4,349,506 $10,271,690 $-250,143
2019 $5,719,687 $6,280,772 $11,346,291 $-561,085
2018 $5,578,824 $4,952,393 $13,128,874 $626,431
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