SOUTHEAST VOLUSIA HABITAT FOR HUMA… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

MARK BILLINGS

Phone

3868784591

Tax Period

2023-07-01 to 2024-06-30

SOUTHEAST VOLUSIA HABITAT FOR HUMANITY INC, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 14% surplus.

Mission

ASSIST QUALIFIED LOW INCOME FAMILIES IN ATTAINING AFFORDABLE RESIDENTIAL OWNERSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,525,159 Revenue: $1,221,346

PROVIDE RESIDENTIAL OWNERSHIP FOR QUALIFIED LOW INCOME FAMILIES. CURRENTLY 154 FAMILIES OWN AND RESIDE IN HOMES CONSTRUCTED BY THIS AGENCY. THE AGENCY CURRENTLY HOLDS 111 MORTGAGE NOTES AT 0%...

PROVIDE RESIDENTIAL OWNERSHIP FOR QUALIFIED LOW INCOME FAMILIES. CURRENTLY 154 FAMILIES OWN AND RESIDE IN HOMES CONSTRUCTED BY THIS AGENCY. THE AGENCY CURRENTLY HOLDS 111 MORTGAGE NOTES AT 0% INTEREST FOR THESE FAMILIES AT JUNE 30, 2024. ALSO PROVIDES CRITICAL HOME REPAIR AND DISASTER RECOVERY AND REPAIR UNDER A PROGRAM CALLED "A BRUSH WITH KINDNESS".

Program 2

Expenses: $757,276

OPERATION OF A RETAIL THRIFT STORE TO SELL DONATED AND PURCHASED MERCHANDISE TO THE PUBLIC. THE NET PROCEEDS ARE USED TO ASSIST QUALIFIED LOW INCOME FAMILIES IN ATTAINING AFFORDABLE HOMES. REVENUE...

OPERATION OF A RETAIL THRIFT STORE TO SELL DONATED AND PURCHASED MERCHANDISE TO THE PUBLIC. THE NET PROCEEDS ARE USED TO ASSIST QUALIFIED LOW INCOME FAMILIES IN ATTAINING AFFORDABLE HOMES. REVENUE FROM THRIFT STORE IS REPORTED AS OTHER REVENUE ON PART VIII, LINE 10A.

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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 $472,868

Program Service Revenue $1,221,346

Investment Income $116,249

Other Revenue $1,164,124

TOTAL REVENUE $2,974,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,184,051

Fundraising Expenses $70,012

Program Expenses $2,282,435

Other Expenses $1,375,457

TOTAL EXPENSES $2,559,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,974,587	$2,504,756	+0.2%
Expenses	$2,559,508	$2,138,782	+0.2%
Net Income	$415,079	$365,974	+0.1%

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

267

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

$114,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYE WALKER	CHAIR	2.00	Officer	$0	$0	$0
TRAVIS FORD	VICE-CHAIR	2.00	Officer	$0	$0	$0
HEATHER HARRISON	SECRETARY	2.00	Officer	$0	$0	$0
SVEN JOHNSON	TREASURER	2.00	Officer	$0	$0	$0
CELESTE LESTER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW THURMAIER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY AZZINARO	DIRECTOR	1.00	Director	$0	$0	$0
REV NEAL COATES SR	DIRECTOR	1.00	Director	$0	$0	$0
PAM ISON	DIRECTOR	1.00	Director	$0	$0	$0
TANYA PLAUT	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD BERRY	DIRECTOR	1.00	Director	$0	$0	$0
MARK BILLINGS	EXECUTIVE DI	40.00	Officer	$112,811	$2,032	$114,843

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	No data	No data	No data	No data
2024	$2,974,587	$2,559,508	$8,985,127	$415,079
2023	$2,504,756	$2,138,782	$8,638,570	$365,974
2022	$3,273,238	$2,741,300	$8,172,004	$531,938
2021	$2,244,900	$2,163,514	$7,633,316	$81,386
2020	$2,261,366	$1,967,250	$7,589,764	$294,116
2019	$3,810,936	$2,089,601	$7,190,068	$1,721,335

SOUTHEAST VOLUSIA HABITAT FOR HUMANITY INC