HABITAT FOR HUMANITY PHILADELPHIA … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

CORINNE O'CONNELL

Phone

2157656000

Tax Period

2024-07-01 to 2025-06-30

HABITAT FOR HUMANITY PHILADELPHIA INC, founded in 2003, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.3M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO TRANSFORM LIVES AND OUR CITY BY BUILDING AND REPAIRING HOMES IN PARTNERSHIP WITH FAMILIES IN NEED, AND UNITING ALL PHILADELPHIANS AROUND THE CAUSE OF AFFORDABLE HOUSING. OUR VISION IS A CITY WHERE ALL PHILADELPHIANS LIVE IN SAFE, AFFORDABLE HOMES.

Program Service Accomplishments

Program 1

Expenses: $7,004,041 Revenue: $6,074,592

HABITAT FOR HUMANITY PHILADELPHIA'S HOMEOWNERSHIP PROGRAM BUILDS STRENGTH, STABILITY AND SELF-RELIANCE THROUGH AFFORDABLE HOMEOWNERSHIP. FAMILIES IN THE HOMEOWNERSHIP PROGRAM INVEST SWEAT EQUITY...

HABITAT FOR HUMANITY PHILADELPHIA'S HOMEOWNERSHIP PROGRAM BUILDS STRENGTH, STABILITY AND SELF-RELIANCE THROUGH AFFORDABLE HOMEOWNERSHIP. FAMILIES IN THE HOMEOWNERSHIP PROGRAM INVEST SWEAT EQUITY HOURS IN LIEU OF A DOWN PAYMENT, ATTEND HOMEOWNERSHIP AND FINANCE WORKSHOPS, CONTRIBUTE ESCROW PAYMENTS TO COVER CLOSING COSTS, AND PURCHASE THEIR NEW HABITAT HOME WITH AN AFFORDABLE MORTGAGE. HABITAT WORKS WITH VOLUNTEERS AND COMMUNITY MEMBERS TO BUILD ALONGSIDE FUTURE HOMEOWNERS AND LEVERAGES DONATIONS OF MONEY AND MATERIALS TO BUILD HOMES. HABITAT HAS SOLD 265 HOMES SINCE 1985.

Program 2

Expenses: $4,630,246 Revenue: $266,180

HABITAT FOR HUMANITY PHILADELPHIA'S HOME REPAIR PROGRAM PARTNERS WITH HOMEOWNERS WHO CANNOT AFFORD CRITICAL HOME REPAIRS. THE HOME REPAIR PROGRAM STABILIZES HOMES THROUGH A SUITE OF CRITICAL REPAIRS, ENERGY EFFICIENCY UPGRADES AND ADAPTIVE AGING-IN-PLACE IMPROVEMENTS. HOMEOWNERS PAY FOR REPAIRS THROUGH A LOW-COST REPAYMENT PLAN SCALED TO INCOME. HABITAT HAS REPAIRED MORE THAN 954 HOMES SINCE THE PROGRAM'S LAUNCH IN 2010.

Program 3

Expenses: $2,072,103 Revenue: $1,704,113

THE RESTORE IS A DISCOUNT HOME IMPROVEMENT STORE OPERATED BY HABITAT PHILADELPHIA. THE RESTORE ACCEPTS DONATIONS OF NEW AND GENTLY USED FURNITURE, APPLIANCES, BUILDING SUPPLIES AND HOME GOODS, AND...

THE RESTORE IS A DISCOUNT HOME IMPROVEMENT STORE OPERATED BY HABITAT PHILADELPHIA. THE RESTORE ACCEPTS DONATIONS OF NEW AND GENTLY USED FURNITURE, APPLIANCES, BUILDING SUPPLIES AND HOME GOODS, AND RESELLS THEM TO THE PUBLIC AT REDUCED COSTS. PROFIT FROM THE RESTORE IS RETURNED TO HABITAT PHILADELPHIA TO FUND HOMEBUILDING AND HOME REPAIR PROJECTS. THE RESTORE IS A LOW COST SOURCE OF HOME GOODS THAT PROVIDES DONORS WITH AN EASY WAY TO DISPOSE OF UNWANTED ITEMS AND MATERIALS THAT MIGHT OTHERWISE BE THROWN AWAY, THEREBY KEEPING GOOD QUALITY, USABLE ITEMS OUT OF THE LANDFILL.

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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 $9,192,613

Program Service Revenue $5,775,047

Investment Income $2,426,925

Other Revenue $-82,962

TOTAL REVENUE $17,311,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,043,837

Fundraising Expenses $1,440,280

Program Expenses $13,706,390

Other Expenses $11,429,080

TOTAL EXPENSES $17,472,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,311,623	$13,829,043	+0.3%
Expenses	$17,472,917	$17,391,633	+0.0%
Net Income	$-161,294	$-3,562,590	-1.0%

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

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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

100

Volunteers

1494

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

$645,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BLACK	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE BOSMA	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN BROH	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN ELLENSWORTH	DIRECTOR	2.00	Director	$0	$0	$0
JOHN GAGHAN	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN JOHNSON	EXECUTIVE AT LARGE	2.00	Officer Director	$0	$0	$0
MATTHEW B KESSLER	DIRECTOR	2.00	Director	$0	$0	$0
FLOYD LEBRON	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN MATTHEWS	EXECUTIVE OFFICER TREASURER	2.00	Officer Director	$0	$0	$0
DONALD E MOORE	EXECUTIVE OFFICER - CHAIR	2.00	Officer Director	$0	$0	$0
NANNETTE L MOORE	EXECUTIVE OFFICER - VICE CHAIR	2.00	Officer Director	$0	$0	$0
ELIZABETH MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE MOSHANG	DIRECTOR	2.00	Director	$0	$0	$0
RECO OWENS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES PATERNO	EXECUTIVE OFFICER SECRETARY	2.00	Officer Director	$0	$0	$0
ALISON PERELMAN	DIRECTOR	2.00	Director	$0	$0	$0
HERBERT REID	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS SCHNEBERGER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL TESTER	DIRECTOR	2.00	Director	$0	$0	$0
JANICE WONG	DIRECTOR	2.00	Director	$0	$0	$0
KATIE POOLE	DIRECTOR	2.00	Director	$0	$0	$0
JARED NEPA	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA SWANSON	DIRECTOR	2.00	Director	$0	$0	$0
CLISSITA DANIELS	DIRECTOR	2.00	Director	$0	$0	$0
SARA PONESSA	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN FERNANDEZ	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$158,373	$4,600	$162,973
CORINNE O'CONNELL	CHIEF EXECUTIVE OFFICER	40.00	Officer	$226,043	$1,794	$227,837
IVY COBIA-MILLER	CHIEF FINANCIAL OFFICER	40.00	Officer	$146,742	$2,760	$149,502
DEIDRA DUNCAN	DIRECTOR	40.00	Officer	$104,413	$863	$105,276
CARRIE RATHMANN	VP OF STRATEGIC PARTNERSHIPS	40.00	Highest	$119,505	$0	$119,505
KATHY WHITE	VP OF HUMAN RESOURCES	40.00	Highest	$110,698	$1,794	$112,492

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	$17,311,623	$17,472,917	$23,808,631	$-161,294
2024	$13,829,043	$17,391,633	$20,170,730	$-3,562,590
2023	$8,309,601	$8,967,978	$22,774,728	$-658,377
2022	$15,243,125	$8,576,154	$20,358,278	$6,666,971
2021	$10,443,619	$10,675,667	$10,780,964	$-232,048
2020	$7,765,124	$6,327,446	$10,887,619	$1,437,678
2019	$8,236,308	$6,581,261	$7,901,946	$1,655,047
2018	$4,852,580	$5,754,284	$6,210,954	$-901,704

HABITAT FOR HUMANITY PHILADELPHIA INC