HABITAT FOR HUMANITY OF KENT COUNT… - 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

1983

Legal Domicile

Principal Officer

BEVERLY THIEL

Phone

6167742431

Tax Period

2024-07-01 to 2025-06-30

HABITAT FOR HUMANITY OF KENT COUNTY INC, founded in 1983, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Net assets of $17.6M represent 34 months of operating reserves.

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.

Program Service Accomplishments

Program 1

Expenses: $3,347,920 Revenue: $1,643,623

HOMEOWNERSHIP AND HOME PRESERVATION PROGRAM: FAMILIES IN NEED OF A DECENT PLACE TO LIVE AND BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH HABITAT FOR HUMANITY KENT COUNTY. HOME PRESERVATION...

HOMEOWNERSHIP AND HOME PRESERVATION PROGRAM: FAMILIES IN NEED OF A DECENT PLACE TO LIVE AND BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH HABITAT FOR HUMANITY KENT COUNTY. HOME PRESERVATION ALLOWS FAMILIES TO STAY IN THEIR HOME AND AVOID THE UNCERTAINTY OF MOVING. PROJECTS CONSIST OF REPAIRS INTENDED TO ALLEVIATE CRITICAL HEALTH, LIFE AND SAFETY ISSUES OR CODE VIOLATIONS.

Program 2

Expenses: $324,162 Revenue: $435,062

DISCOUNT ON NEW MORTGAGE ORIGINATIONS.

Program 3

Expenses: $724,472

OPERATION OF RESALE OUTLET FOR DONATED NEW AND USED BUILDING MATERIALS TO HELP FUND HOME CONSTRUCTION, REDUCE BUILDING MATERIALS TAKEN TO LANDFILLS, AND PROVIDE AN AFFORDABLE WAY FOR LOW- AND...

OPERATION OF RESALE OUTLET FOR DONATED NEW AND USED BUILDING MATERIALS TO HELP FUND HOME CONSTRUCTION, REDUCE BUILDING MATERIALS TAKEN TO LANDFILLS, AND PROVIDE AN AFFORDABLE WAY FOR LOW- AND MIDDLE-INCOME FAMILIES TO MAINTAIN AND IMPROVE THEIR HOMES.

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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 $3,760,846

Program Service Revenue $2,078,685

Investment Income $288,181

Other Revenue $67,251

TOTAL REVENUE $6,194,963

Expense Breakdown

Grants Paid $45,565

Salaries & Benefits $2,849,036

Fundraising Expenses $776,066

Program Expenses $4,486,554

Other Expenses $3,379,427

TOTAL EXPENSES $6,274,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,194,963	$7,118,529	-0.1%
Expenses	$6,274,028	$7,042,098	-0.1%
Net Income	$-79,065	$76,431	-2.0%

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

1712

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

$277,355

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSANDRA ORACZ	CHAIR	1.00	Officer Director	$0	$0	$0
JUSTINE BURDETTE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
PAUL KEIFER	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC FISHER	SECRETARY	1.00	Officer Director	$0	$0	$0
KARLA AMAYA-LEONE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE BELLOVICH	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT BENNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH CHERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JESICA CROSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED JOHNSON III	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON JONKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DUFF LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG SCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN SULLIVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET VELDHOUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE VISSER	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE YATES	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG MCCORMICK	BOARD MEMBER - PART YEAR	1.00	Director	$0	$0	$0
BEVERLY THIEL	CEO	40.00	Officer	$139,490	$7,167	$146,657
WAYNE WEST	CFO	40.00	Officer	$104,695	$26,003	$130,698
SARAH HOTCHKISS	VP OF DEVELOPMENT AND COMMUNICATIONS	40.00	Highest	$108,520	$13,905	$122,425

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	$6,194,963	$6,274,028	$24,808,220	$-79,065
2024	$7,118,529	$7,042,098	$19,914,118	$76,431
2023	$7,644,616	$7,414,901	$19,171,495	$229,715
2022	$7,407,281	$5,443,708	$21,038,671	$1,963,573
2021	$6,194,685	$7,827,479	$19,703,922	$-1,632,794
2020	$5,640,104	$7,796,144	$21,664,858	$-2,156,040
2019	$10,912,201	$8,999,022	$23,270,452	$1,913,179

HABITAT FOR HUMANITY OF KENT COUNTY INC