Concord, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Habitat for Humanity Cabarrus County, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.6M left a modest 8% surplus.
Guided by God, Habitat Cabarrus transforms lives and our community by uniting all of Cabarrus County around the cause of decent, affordable housing for everyone.
During the year 72 low-income families were served through construction services that included 7 new homes and 65 urgent repair projects. Further, maintained interest free mortgages and provided...
During the year 72 low-income families were served through construction services that included 7 new homes and 65 urgent repair projects. Further, maintained interest free mortgages and provided homeowner services to over 80 homeowners. ReStore sales result from donated merchandise contributed by businesses and individuals interested in Habitat's mission. These expenses represent the cost of producing this revenue. The profits from this activity were used to subsidize construction and operating costs during the year.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,803,627 | $3,421,670 | -0.2% |
| Expenses | $2,570,035 | $3,120,255 | -0.2% |
| Net Income | $233,592 | $301,415 | -0.2% |
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 |
|---|---|---|---|---|---|---|
| Bill Shelton | CEO | 50.00 |
Officer
|
$98,229 | $15,031 | $113,260 |
| Holly Grimsley | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Steve Steinbacher | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Gina Moore | Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| David La Franque II | Vice President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| George Wise | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Beth Belk | Treasurer | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| David Haywood | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Rev Antonio Johnson | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Kenneth Yelton | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Dr Kendricks Hooker | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Katie Morgan | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Dr Steve Ayers | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Dr Peter Chikes | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Nick Lovelace | President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Audrea Chapman | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Jazmin Caldwell | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Erica Vaughan | Interim ED | 0.50 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,803,627 | $2,570,035 | $4,877,038 | $233,592 |
| 2023 | $3,421,670 | $3,120,255 | $4,818,009 | $301,415 |
| 2022 | $1,386,566 | $1,363,157 | $4,253,789 | $23,409 |
| 2021 | $1,792,704 | $1,982,728 | $4,217,860 | $-190,024 |
| 2020 | $1,624,594 | $1,461,230 | $4,678,498 | $163,364 |
| 2019 | $1,419,365 | $1,265,377 | $4,599,220 | $153,988 |
| 2018 | $1,794,727 | $1,560,043 | $4,430,912 | $234,684 |
Compare Habitat for Humanity Cabarrus County with other nonprofits in North Carolina and across the country.