ASHEVILLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASHEVILLE AREA HABITAT FOR HUMANITY INC, founded in 1983, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.3M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 27% operating margin.
SEEKING TO PUT GOD'S LOVE INTO ACTION, ASHEVILLE AREA HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.
BUILDING AND REVITALIZING HOMES FOR OWNERSHIP: ASHEVILLE AREA HABITAT FOR HUMANITY (AAHH) BUILDS AND FINANCES 1, 2, 3, AND 4-BEDROOM HOMES AND TOWNHOMES, INCLUDING AGING IN PLACE UNITS BUILT...
BUILDING AND REVITALIZING HOMES FOR OWNERSHIP: ASHEVILLE AREA HABITAT FOR HUMANITY (AAHH) BUILDS AND FINANCES 1, 2, 3, AND 4-BEDROOM HOMES AND TOWNHOMES, INCLUDING AGING IN PLACE UNITS BUILT SPECIFICALLY FOR AGE 55+. THE CONSTRUCTION AND SALE OF 16 NEW HOMES IN THE GLENN BRIDGE NEIGHBORHOOD (ARDEN) AND THE REVITALIZATION AND SALE OF 3 HOMES WAS COMPLETED IN THE FISCAL YEAR ENDING JUNE 30, 2025. CONSTRUCTION BEGAN AT NEW HEIGHTS, PHASE 2 (WEST ASHEVILLE), THE FUTURE SITE OF 60 HOMES. IN ADDITION TO CORE CONSTRUCTION VOLUNTEERS AND LOCAL SPONSORING GROUPS, 34 VISITING GROUPS (OF 6-20 VOLUNTEERS) VOLUNTEERED TO BUILD HOMES WITH ASHEVILLE HABITAT POST HURRICANE HELENE. THE FIRST HABITAT AFFILIATE IN NC AND THE LARGEST BUILDER OF GREEN BUILT-CERTIFIED HOMES IN THE STATE, ASHEVILLE HABITAT PROVIDES QUALIFIED LOW-INCOME RESIDENTS THE OPPORTUNITY TO BUY A HOME AND BUILD GENERATIONAL WEALTH.
REPAIRING EXISTING HOMES (TRADITIONAL & DISASTER): PRESERVING HOMEOWNERSHIP THROUGH AN AFFORDABLE HOME REPAIR PROGRAM HELPS LOW-INCOME AND OLDER ADULT RESIDENTS LIVE IN THEIR HOMES FOR LONGER, AND...
REPAIRING EXISTING HOMES (TRADITIONAL & DISASTER): PRESERVING HOMEOWNERSHIP THROUGH AN AFFORDABLE HOME REPAIR PROGRAM HELPS LOW-INCOME AND OLDER ADULT RESIDENTS LIVE IN THEIR HOMES FOR LONGER, AND WITH SAFETY AND DIGNITY. HOME REPAIR PRESERVES THE CHARACTER, AFFORDABILITY, AND DIVERSITY IN OUR LOCAL NEIGHBORHOODS. IN FISCAL YEAR ENDING JUNE 30, 2025, 23 TRADITIONAL REPAIRS WERE COMPLETED, AS THE FOCUS SHIFTED AFTER HURRICANE HELENE DEVASTATED ASHEVILLE AND SURROUNDING COMMUNITIES. WITH NEARLY 100,000 HOMES DAMAGED, ASHEVILLE HABITAT IMMEDIATELY EXPANDED SERVICES TO INCLUDE A NEW DISASTER HOME REPAIR PROGRAM, IN PARTNERSHIP WITH OTHER AGENCIES THROUGH ARCHR (ASHEVILLE REGIONAL COALITION FOR HOME REPAIR). ASHEVILLE HABITAT SERVES AS THE FIDUCIARY AGENT. THE NO-COST PROGRAM HELPS LOW-INCOME HOMEOWNERS WHOSE HOUSES WERE DAMAGED BY THE STORM, PARTICULARLY THOSE UNINSURED, UNDERINSURED, AND/OR INELIGIBLE FOR FEMA ASSISTANCE. IN FY25, 72 DISASTER REPAIRS WERE COMPLETED.
A COMPREHENSIVE HOMEBUYER EDUCATION CURRICULUM COMPRISED OF MONEY MANAGEMENT, HOME MAINTENANCE, AND MORE SETS BUYERS UP FOR SUCCESS. THROUGH THE COURSE WORK, FUTURE NEIGHBORS GET TO KNOW EACH OTHER...
A COMPREHENSIVE HOMEBUYER EDUCATION CURRICULUM COMPRISED OF MONEY MANAGEMENT, HOME MAINTENANCE, AND MORE SETS BUYERS UP FOR SUCCESS. THROUGH THE COURSE WORK, FUTURE NEIGHBORS GET TO KNOW EACH OTHER AND BUILD COMMUNITY BEFORE THEY EVEN MOVE INTO THEIR HOMES. HABITAT HOMEBUYERS EARN 40-80% AREA MEDIAN INCOME (AMI) AND DO NOT QUALIFY FOR TRADITIONAL LENDING PROGRAMS. HABITAT EXTENDS AFFORDABLE MORTGAGES TO QUALIFIED BUYERS, WITH PAYMENTS NOT TO EXCEED 30% OF MONTHLY INCOME. IN FY ENDING JUNE 30, 2025, 19 FAMILIES PURCHASED NEW OR REVITALIZED HOMES FROM ASHEVILLE HABITAT. 6 ARE SINGLE-PARENT HOUSEHOLDS, 12 ARE FEMALE HEAD OF HOUSEHOLDS, 2 ARE AGING IN PLACE (55+) BUYERS, AND 1 IS A VETERAN. 30 CHILDREN WERE SERVED. RESEARCH SHOWS THAT DECENT AND STABLE HOUSING IS LINKED TO IMPROVED EDUCATIONAL OUTCOMES, BETTER HEALTH, GREATER FINANCIAL STABILITY, AND STRONGER COMMUNITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $16,306,479 | $9,266,494 | +0.8% |
| Expenses | $11,877,711 | $9,470,125 | +0.3% |
| Net Income | $4,428,768 | $-203,631 | -22.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MYCHAL BACOATE | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL DEMPSEY | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE WARD | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELISSA BANKS | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRAD OLSON | IMMEDIATE PAST PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA EADS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SPENCER HARDAWAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHRYN MADISON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SIDNEY MASHBURN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE MILLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STACEY MILLETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KARL PAYTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY PEEK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRAD RICE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WES WRIGHT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRIE WILLIAMS PAST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| L ANDREW BARNETT | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$109,521 | $9,054 | $118,575 |
| ROBERT DALMAN | FINANCE DIRECTOR | 40.00 |
Officer
|
$101,161 | $8,692 | $109,853 |
| CATHERINE RAINS | CHIEF RELATIONSHIPS OFFICER | 40.00 |
Highest
|
$105,671 | $6,566 | $112,237 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $16,306,479 | $11,877,711 | $41,610,024 | $4,428,768 |
| 2024 | $9,266,494 | $9,470,125 | $37,081,234 | $-203,631 |
| 2023 | $11,274,861 | $8,991,463 | $35,437,253 | $2,283,398 |
| 2022 | $14,468,662 | $6,860,615 | $33,681,181 | $7,608,047 |
| 2021 | $7,127,520 | $5,882,093 | $26,384,474 | $1,245,427 |
Compare ASHEVILLE AREA HABITAT FOR HUMANITY INC with other nonprofits in North Carolina and across the country.