HABITAT FOR HUMANITY OF DURHAM INC

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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

1985

Legal Domicile

Principal Officer

CARLEENA DEONANAN

Phone

9196820516

Tax Period

2023-07-01 to 2024-06-30

HABITAT FOR HUMANITY OF DURHAM INC, founded in 1985, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $7.6M left a modest 10% surplus.

Mission

HABITAT FOR HUMANITY OF DURHAM IS A NON-PROFIT, HOUSING MINISTRY FOUNDED ON CHRISTIAN IDEALS OF LOVE, RESPECT, COMPASSION AND JUSTICE FOR ALL THAT BUILDS, REPAIRS AND SELLS DECENT, AFFORDABLE AND SUSTAINABLE HOMES IN PARTNERSHIP WITH PEOPLE IN NEED. DURHAM HABITAT WELCOMES THOSE OF ANY FAITH - OR NO FAITH - TO JOIN US BUILDING HOMES, HOPE AND COMMUNITY IN DURHAM.

Program Service Accomplishments

Program 1

Expenses: $4,336,611 Revenue: $3,930,624

CONSTRUCTION SERVICES: THE CONSTRUCTION PROGRAM BUILDS AND SELLS AFFORDABLE HOMES FOR LOW INCOME FAMILIES USING VOLUNTEER HELP DURING THE BUILDING PHASE. SERVICES OFFERED INCLUDE NEW HOME...

CONSTRUCTION SERVICES: THE CONSTRUCTION PROGRAM BUILDS AND SELLS AFFORDABLE HOMES FOR LOW INCOME FAMILIES USING VOLUNTEER HELP DURING THE BUILDING PHASE. SERVICES OFFERED INCLUDE NEW HOME CONSTRUCTION, GUT REHABS OF HOMES IN HISTORICAL AREAS, AND CRITICAL AND URGENT REPAIRS WHICH ALLOW HOMEOWNERS TO AVOID EVICTION AND PROTECT THE INVESTMENT IN THEIR HOME. DURHAM HABITAT HELPS REVITALIZE INNER CITY NEIGHBORHOODS AS WE BUILD, SELL, AND REPAIR HOMES FOR LOW INCOME BUYERS.

Program 2

Expenses: $1,636,235 Revenue: $1,628,298

HOME OWNER SERVICES & MORTGAGE FINANCING: THIS PROGRAM RECRUITS, SELECTS, AND STEWARDS ELIGIBLE APPLICANTS FOR HOMEOWNERSHIP THROUGH THE APPROVAL AND APPLICATION PROCESS TO MORTGAGE CLOSING AND...

HOME OWNER SERVICES & MORTGAGE FINANCING: THIS PROGRAM RECRUITS, SELECTS, AND STEWARDS ELIGIBLE APPLICANTS FOR HOMEOWNERSHIP THROUGH THE APPROVAL AND APPLICATION PROCESS TO MORTGAGE CLOSING AND BEYOND. THE APPROVAL PROCESS INCLUDES ATTENDANCE AT HOMEOWNER EDUCATION CLASSES AND PERFORMANCE OF SWEAT EQUITY VOLUNTEER WORK. EACH HOME IS SOLD AT NEAR APPRAISED VALUE AND AN INTEREST-FREE, AFFORDABLE MORTGAGE IS OFFERED TO EACH HOMEOWNER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,758,479

Program Service Revenue $5,185,412

Investment Income $159,358

Other Revenue $365,640

TOTAL REVENUE $8,468,889

Expense Breakdown

Grants Paid $58,500

Salaries & Benefits $2,011,569

Fundraising Expenses $617,976

Program Expenses $5,972,846

Other Expenses $5,539,364

TOTAL EXPENSES $7,609,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,468,889	$8,957,953	-0.1%
Expenses	$7,609,433	$7,326,190	+0.0%
Net Income	$859,456	$1,631,763	-0.5%

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

127

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

$345,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLEENA DEONANAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
NAN LUJAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRISSY SAILSTAD	TREASURER	2.00	Officer Director	$0	$0	$0
ERNEST SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
DAN NORBER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE AMATO	BOARD MEMBER	1.00	Director	$0	$0	$0
ARLENE CHAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CALINDA MCMICKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURICE COTTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA NICHOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIANA JOYNER	CEO	40.00	Officer	$143,985	$14,142	$158,127
VALERIE THOMPSON	DIRECTOR OF FINANCE	40.00	Officer	$89,391	$12,364	$101,755
MIKE KATARIA	CONTROLLER	40.00	Officer	$74,493	$10,745	$85,238

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
2024	$8,468,889	$7,609,433	$23,678,190	$859,456
2023	$8,957,953	$7,326,190	$22,240,936	$1,631,763
2022	$12,200,420	$7,389,602	$20,924,990	$4,810,818
2021	$8,251,642	$8,138,679	$16,543,955	$112,963
2020	$5,214,636	$5,309,588	$16,749,224	$-94,952
2019	$9,790,426	$8,380,978	$18,359,661	$1,409,448
2018	$9,244,337	$8,781,719	$18,857,252	$462,618