HABITAT FOR HUMANITY OF WAKE COUNTY INC

EIN: 561492703 501(c)(3)

RALEIGH, NC

Total Revenue
$35,867,635
Total Expenses
$33,192,308
Total Assets
$64,870,241
Net Assets
$36,738,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NC
Phone
9198331999
Tax Period
2024-07-01 to 2025-06-30

HABITAT FOR HUMANITY OF WAKE COUNTY INC, founded in 1985, is a mid-sized nonprofit that reported $35.9M in total revenue in fiscal year 2024. Expenses of $33.2M left a modest 7% surplus.

Mission

HABITAT WAKE IS AN AFFORDABLE HOUSING ORGANIZATION THAT SEEKS TO FIND EQUITABLE HOUSING SOLUTIONS ALONGSIDE THE COMMUNITY. THIS IS ACCOMPLISHED PRIMARILY BY PROVIDING HOMEOWNERSHIP OPPORTUNITIES FOR FAMILIES MAKING UP TO 120% OF THE AREA MEDIAN INCOME. THE ORGANIZATION ALSO PRESERVES EXISTING AFFORDABLE HOMES AND ADVOCATES FOR POLICY CHANGE THAT WILL INCREASE ACCESS TO HOUSING FOR EVERYONE. THIS WORK IS MADE POSSIBLE BY FINANCIAL CONTRIBUTIONS FROM CORPORATIONS, FAITH ORGANIZATIONS, AND INDIVIDUALS. HOMES ARE BUILT USING VOLUNTEER LABOR, AND QUALIFIED HOMEBUYERS THEN PURCHASE HABITAT WAKE HOMES WITH AN AFFORDABLE MORTGAGE, WHICH IS RE-INVESTED INTO THE MISSION.

Program Service Accomplishments

Program 1
Expenses: $21,471,271 Revenue: $12,373,216

RESTORE PROGRAMS - THE HABITAT RESTORES ARE HOME IMPROVEMENT STORES THAT SELL NEW AND USED FURNITURE, BUILDING MATERIALS, APPLIANCES AND HOUSEHOLD GOODS TO THE PUBLIC AT DISCOUNTED PRICES. THESE...

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RESTORE PROGRAMS - THE HABITAT RESTORES ARE HOME IMPROVEMENT STORES THAT SELL NEW AND USED FURNITURE, BUILDING MATERIALS, APPLIANCES AND HOUSEHOLD GOODS TO THE PUBLIC AT DISCOUNTED PRICES. THESE ITEMS ARE COLLECTED AS TAX-DEDUCTIBLE DONATIONS FROM INDIVIDUAL AND COMMUNITY DONORS. PROCEEDS BENEFIT HABITAT'S MISSION TO BUILD SAFE, AFFORDABLE HOMES. THE RESTORES ALSO SEEK TO BE GOOD STEWARDS OF THE ENVIRONMENT BY DIVERTING MORE THAN 5,000 TONS OF USABLE ITEMS FROM LANDFILLS ANNUALLY.

Program 2
Expenses: $8,277,653 Revenue: $7,700,100

HOME BUILDING SERVICES - THIS PROGRAM CONSTRUCTS SAFE, AFFORDABLE, ENERGY-EFFICIENT HOMES TO SELL TO QUALIFIED HOMEBUYERS AND OFFERS THE PUBLIC A TANGIBLE WAY TO INTERACT WITH HABITAT WAKE'S MISSION...

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HOME BUILDING SERVICES - THIS PROGRAM CONSTRUCTS SAFE, AFFORDABLE, ENERGY-EFFICIENT HOMES TO SELL TO QUALIFIED HOMEBUYERS AND OFFERS THE PUBLIC A TANGIBLE WAY TO INTERACT WITH HABITAT WAKE'S MISSION TO BUILD AFFORDABLE HOUSING. HABITAT WAKE'S PROFESSIONAL CONSTRUCTION TEAM WORKS ALONGSIDE VOLUNTEERS TO BUILD THE HOMES, WHICH ARE THEN AVAILABLE FOR PURCHASE BY QUALIFIED HOMEBUYERS THROUGH HABITAT'S HOMEOWNERSHIP PROGRAM.

Program 3
Expenses: $885,121 Revenue: $452,411

HOMEOWNER SERVICES - THIS PROGRAM RECRUITS AND SELECTS ELIGIBLE HOMEBUYERS AND SUPPORTS THEM THROUGH THE PROCESS OF BUYING AN AFFORDABLE HABITAT HOME. THE HOMEOWNER SERVICES PROGRAM ALSO PROVIDES...

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HOMEOWNER SERVICES - THIS PROGRAM RECRUITS AND SELECTS ELIGIBLE HOMEBUYERS AND SUPPORTS THEM THROUGH THE PROCESS OF BUYING AN AFFORDABLE HABITAT HOME. THE HOMEOWNER SERVICES PROGRAM ALSO PROVIDES EDUCATIONAL OPPORTUNITIES IN THE FORM OF FINANCIAL PLANNING AND HOME MAINTENANCE COURSES. FINALLY, THIS PROGRAM FACILITATES THE ACQUISITION OF AFFORDABLE MORTGAGES FOR ELIGIBLE HOMEBUYERS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,333,227
Program Service Revenue $21,365,514
Investment Income $168,894
Other Revenue $0
TOTAL REVENUE $35,867,635

Expense Breakdown

Grants Paid $100,800
Salaries & Benefits $8,519,198
Fundraising Expenses $1,052,287
Program Expenses $30,878,318
Other Expenses $24,572,310
TOTAL EXPENSES $33,192,308

Year-over-Year Comparison

2024 2023 Change
Revenue $35,867,635 $36,471,120 0.0%
Expenses $33,192,308 $33,695,566 0.0%
Net Income $2,675,327 $2,775,554 0.0%
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
21
Independent Members
21
Employees
188
Volunteers
7202

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
6
$387,042
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY HILFIKER TREASURER 5.0
Officer Director
$0 $0 $0
BETH JONES CHAIR 5.0
Officer Director
$0 $0 $0
EVAN STOLOVE VICE CHAIR 5.0
Officer Director
$0 $0 $0
RENU JAIN SECRETARY 5.0
Officer Director
$0 $0 $0
ALLEN WELLONS MEMBER 3.0
Director
$0 $0 $0
BOB KUCAB MEMBER 3.0
Director
$0 $0 $0
CONSUELO GARDNER MEMBER 3.0
Director
$0 $0 $0
DAVID STEWART MEMBER 3.0
Director
$0 $0 $0
EDWIN ALDRIDGE MEMBER 3.0
Director
$0 $0 $0
JAMES MCGLADE MEMBER 3.0
Director
$0 $0 $0
JEFFREY ROBINSON MEMBER 3.0
Director
$0 $0 $0
JOHN LUCKETT Member 3.0
Director
$0 $0 $0
JOHN MORGAN MEMBER 3.0
Director
$0 $0 $0
KENNETH HYER MEMBER 3.0
Director
$0 $0 $0
LOUIS ECKSTEIN MEMBER 3.0
Director
$0 $0 $0
MARYBURR EDWARDS MEMBER 3.0
Director
$0 $0 $0
MATTHEW BIRCKHEAD MEMBER 3.0
Director
$0 $0 $0
QUINCY AMEKUEDI MEMBER 3.0
Director
$0 $0 $0
RICHARD GEPHART MEMBER 3.0
Director
$0 $0 $0
WHITNEY VON HAAM MEMBER 3.0
Director
$0 $0 $0
WORTHAM BOYLE MEMBER 3.0
Director
$0 $0 $0
APRIL MCVEY VP OF FINANCE 40.0
Officer
$111,470 $12,481 $123,951
PATRICIA BURCH CEO 40.0
Officer
$249,189 $13,902 $263,091
CRISTINA COLON DIRECTOR OF HUMAN RESOURCES 40.0
Highest
$108,480 $10,998 $119,478
EMILY GEORGE VP OF RESTORES 40.0
Highest
$110,856 $12,143 $122,999
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 $35,867,635 $33,192,308 $64,870,241 $2,675,327
2024 $36,471,120 $33,695,566 $59,001,971 $2,775,554
2023 $33,367,130 $31,829,812 $55,177,875 $1,537,318
2022 $32,190,331 $33,585,947 $48,704,094 $-1,395,616
2021 $27,097,881 $26,292,109 $47,860,251 $805,772
2020 $25,800,628 $25,741,015 $42,144,109 $59,613
2019 $26,020,519 $25,444,487 $41,280,480 $576,032
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