HABITAT FOR HUMANITY OF PALM BEACH… - 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

1986

Legal Domicile

Principal Officer

JENNIFER THOMASON

Phone

5618196070

Tax Period

2022-07-01 to 2023-06-30

HABITAT FOR HUMANITY OF PALM BEACH COUNTY, founded in 1986, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $913K, a strong 25% operating margin.

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE.

Program Service Accomplishments

Program 1

Expenses: $2,178,533 Revenue: $348,986

HABITAT FOR HUMANITY OF PALM BEACH COUNTY WORKS TO PROVIDE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR HARDWORKING AND DESERVING FAMILIES IN PALM BEACH COUNTY, FLORIDA. WE BUILD HOMES IN PARTNERSHIP WITH FAMILIES WHO DEMONSTRATE A NEED FOR HOUSING AND A WILLINGNESS TO WORK WITH US TO PURCHASE A HOME OF THEIR OWN. WITH THE HELP OF OUR SUPPORTERS AND GENEROUS VOLUNTEERS, SINCE OUR ESTABLISHMENT WE HAVE EMPOWERED OVER 1,150 FAMILIES IN OUR COMMUNITY TO ACHIEVE THEIR DREAM OF OWNING A SAFE, DECENT, AND AFFORDABLE HOME. IN ADDITION, THE NEIGHBORHOOD REVITALIZATION PROGRAM (NRP) INCLUDES 'A BRUSH WITH KINDNESS'CRITICAL HOME REPAIR'. NRP HELPS ENSURE THAT FAMILIES ARE LIVING IN SAFE AND MAINTAINED HOMES. THE GOAL IS TO KEEP HOMEOWNERS IN THEIR EXISTING HOMES, PROTECT THEIR FINANCIAL INVESTMENT AND RESTORE PRIDE OF HOMEOWNERSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,872,496

Program Service Revenue $348,986

Investment Income $584

Other Revenue $1,428,309

TOTAL REVENUE $3,650,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,608,124

Fundraising Expenses $287,934

Program Expenses $2,178,533

Other Expenses $1,129,361

TOTAL EXPENSES $2,737,485

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,650,375	$4,101,192	-0.1%
Expenses	$2,737,485	$5,176,069	-0.5%
Net Income	$912,890	$-1,074,877	-1.8%

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

911

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

$603,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER GATES	INTERIM CEO	40.0	Officer	$148,745	$8,075	$156,820
GREGORY BROWN	CHIEF FINANCIAL OFFICER	50.0	Officer	$107,915	$16,150	$124,065
TARA OKLER	CHIEF OPERATING OFFICER	50.0	Officer	$111,890	$8,075	$119,965
BERNARD GODEK	CEO	40.0	Officer	$111,332	$0	$111,332
AMY MAUSER	CHIEF DEVELOPMENT OFFICER	40.0	Officer	$75,781	$15,617	$91,398
MIKE DEBOCK	CHAIR	1.0	Officer Director	$0	$0	$0
KEVIN ELWELL	TREASURER	1.0	Officer Director	$0	$0	$0
JOHN APGAR	ASSISTANT TREASURER	1.0	Officer Director	$0	$0	$0
DAVE MARKARIAN	SECRETARY	1.0	Officer Director	$0	$0	$0
JEREMIAH PARISOE	VP OF DEVELOPMENT	1.0	Officer Director	$0	$0	$0
CHRISTOPHER HEGGEN	VP OF RETAIL	1.0	Officer Director	$0	$0	$0
CHRIS BOCCACCIO	DIRECTOR	1.0	Director	$0	$0	$0
CHUCK MILLAR	DIRECTOR	1.0	Director	$0	$0	$0
DIANE RAYNE	DIRECTOR	1.0	Director	$0	$0	$0
ELLEN ANDEL	DIRECTOR	1.0	Director	$0	$0	$0
ERIN MADDOCKS	DIRECTOR	1.0	Director	$0	$0	$0
HOWARD ERBSTEIN	DIRECTOR	1.0	Director	$0	$0	$0
JAMES FITZGERALD	DIRECTOR	1.0	Director	$0	$0	$0
KERRY COLVETT	DIRECTOR	1.0	Director	$0	$0	$0
LAUREN MCCELLAN	DIRECTOR	1.0	Director	$0	$0	$0
LUDY UNDERWOOD	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL SABATELLO	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL SIHVOLA	DIRECTOR	1.0	Director	$0	$0	$0
MIKE MCGANN	DIRECTOR	40.0	Officer	$0	$0	$0

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
2023	$3,650,375	$2,737,485	No data	$912,890
2023	No data	No data	No data	No data
2022	$4,101,192	$5,176,069	$8,804,161	$-1,074,877
2021	$4,411,850	$4,038,122	$9,816,259	$373,728

HABITAT FOR HUMANITY OF PALM BEACH COUNTY