HABITAT FOR HUMANITY OF GREATER NE… - 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

1986

Legal Domicile

Principal Officer

JEFFREY FARRELL

Phone

9736243330

Tax Period

2023-07-01 to 2024-06-30

HABITAT FOR HUMANITY OF GREATER NEWARK INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

HOMEBUILDING AND CRITICAL REPAIRS TO REPLACE SUBSTANDARD HOUSING WITH AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,445,742 Revenue: $1,625,058

THE ORGANIZATION CONSTRUCTED HOUSING FOR QUALIFIED FAMILIES WITH THE HELP OF THE FAMILIES AND VOLUNTEERS. THE HOMES ARE SOLD AT LOWER OF COST OR APPRAISED VALUE TO THE FAMILIES WITH ZERO PERCENT...

THE ORGANIZATION CONSTRUCTED HOUSING FOR QUALIFIED FAMILIES WITH THE HELP OF THE FAMILIES AND VOLUNTEERS. THE HOMES ARE SOLD AT LOWER OF COST OR APPRAISED VALUE TO THE FAMILIES WITH ZERO PERCENT INTEREST LOANS. THE ORGANIZATION ALSO DID CRITICAL REPAIRS FOR HOMES THAT WERE DAMAGED BY HURRICANE SANDY.

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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 $1,223,560

Program Service Revenue $1,602,482

Investment Income $209

Other Revenue $1,360

TOTAL REVENUE $2,827,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,513,404

Fundraising Expenses $237,232

Program Expenses $2,445,742

Other Expenses $1,762,910

TOTAL EXPENSES $3,276,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,827,611	$2,654,141	+0.1%
Expenses	$3,276,314	$3,013,335	+0.1%
Net Income	$-448,703	$-359,194	+0.2%

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

1212

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

$440,271

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELIA WARE-TIBBS	BOARD MEMBER	2.00	Director	$0	$0	$0
JACQUELINE OLSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER KAISER	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARD FLANIGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MERCINTH PEARCE	BOARD MEMBER	2.00	Director	$0	$0	$0
GRACIELA CRUZ-BEYER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTILLA MOLINA	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFREY FARRELL	CEO	50.00	Officer	$251,107	$9,330	$260,437
DANIELLE SANCHEZ	CFO	40.00	Officer	$171,439	$8,395	$179,834
CARLTON DANIELS	PRESIDENT	10.00	Officer	$0	$0	$0
WADE WOODSON	VICE PRESIDENT	4.00	Officer	$0	$0	$0
AUGUSTO NENO	SECRETARY	4.00	Officer	$0	$0	$0
DHANA REYNOSO	TREASURER	2.00	Officer	$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	No data	No data	No data	No data
2024	$2,827,611	$3,276,314	$3,728,144	$-448,703
2023	$2,654,141	$3,013,335	$4,499,903	$-359,194
2022	$3,735,043	$2,860,032	$3,125,081	$875,011
2022	$3,642,980	$2,912,552	$2,891,886	$730,428
2021	$1,648,471	$2,202,396	$2,134,200	$-553,925
2020	$1,379,499	$1,258,366	$2,947,269	$121,133
2019	$1,388,316	$2,124,161	$2,569,956	$-735,845
2018	$2,186,758	$2,811,639	$3,222,543	$-624,881

HABITAT FOR HUMANITY OF GREATER NEWARK INC