HABITAT FOR HUMANITY OF WICHITA FA… - 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

1991

Legal Domicile

Principal Officer

WILLIAM GOODNER

Phone

9407169300

Tax Period

2022-07-01 to 2023-06-30

HABITAT FOR HUMANITY OF WICHITA FALLS INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $472K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Net assets of $1.8M represent 45 months of operating reserves.

Mission

HABITAT FOR HUMANITY OF WICHITA FALLS, INC. IS A CHRISTIAN HOUSING MINISTRY THAT WORKS IN PARTNERSHIP WITH GOD'S PEOPLE IN NEED, TO BUILD DECENT, AFFORDABLE HOUSING AND REVITALIZE NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $145,337 Revenue: $89,238

HABITAT FOR HUMANITY OF WICHITA FALLS, INC. (HFHWF) CREATES AFFORDABLE HOME OWNERSHIP BY MATCHING SITES TO FAMILIES, THEN ENGAGES THE FAMILY AND COMMUNITY VOLUNTEERS TO BUILD OR REHAB THE HOME USING DONATED LABOR, MATERIALS, AND CONTRIBUTED FUNDS. IN THE YEAR ENDED JUNE 30, 2023, HFHWF BUILT AND SOLD 1 NEW HOME TO A QUALIFYING FAMILY, AND REHABILITATED AND SOLD 0 (ZERO IN FYE 6/30/23) ADDITIONAL HOMES. OVER 1261 MEMBERS OF THE COMMUNITY JOINED WITH HFHWF BY VOLUNTEERING THEIR TIME, AND DONATING SERVICES AND MATERIALS TO BUILD THESE HOMES. HFHWF SERVED 8 NEW FAMILY MEMBERS THROUGHOUT THE YEAR SHARING THE LOVE OF CHRIST AND WORKING TO PROVIDE DECENT AFFORDABLE HOUSING.

Program 2

Expenses: $54,629 Revenue: $83,046

LONG-TERM MORTGAGE FINANCING IS THE KEY COMPONENT THAT MAKES HFHWF HOMES AFFORDABLE. HOMES ARE SOLD TO LOCAL LOW-INCOME FAMILIES THAT EARN LESS THAN 65% OF THE MEDIAN INCOME FOR WICHITA FALLS...

LONG-TERM MORTGAGE FINANCING IS THE KEY COMPONENT THAT MAKES HFHWF HOMES AFFORDABLE. HOMES ARE SOLD TO LOCAL LOW-INCOME FAMILIES THAT EARN LESS THAN 65% OF THE MEDIAN INCOME FOR WICHITA FALLS. HOMEBUYERS ARE PROVIDED WITH AN AFFORDABLE MORTGAGE BASED ON THEIR INCOME.

Program 3

Expenses: $137,990 Revenue: $22,617

HFHWF OPERATES A RESTORE PROGRAM, A HOME GOODS RECYCLING AND DISCOUNT BUILDING MATERIALS STORE THAT PROVIDES A RESOURCE TO LOW-INCOME HOUSEHOLDS AS WELL AS REVENUE FOR HFHWF OPERATIONS. THIS PROGRAM INCREASES THE ASSETS AVAILABLE TO TARGETED FAMILIES AND COMMUNITIES, AND INCREASES THE OPPORTUNITY FOR LOW-INCOME OWNER-OCCUPIED HOUSING MAINTENANCE AND REPAIRS.

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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 $282,231

Program Service Revenue $172,284

Investment Income $2,853

Other Revenue $14,664

TOTAL REVENUE $472,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,225

Fundraising Expenses $29,576

Program Expenses $337,956

Other Expenses $242,844

TOTAL EXPENSES $464,069

Year-over-Year Comparison

	2022	2021	Change
Revenue	$472,032	$559,587	-0.2%
Expenses	$464,069	$464,964	0.0%
Net Income	$7,963	$94,623	-0.9%

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

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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

1261

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

$46,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA BARTON	DIRECTOR	0.30	Director	$0	$0	$0
HANK RUGELEY	DIRECTOR	0.30	Director	$0	$0	$0
CURTIS CANNEDY	TREASURER	1.50	Officer Director	$0	$0	$0
KRISTINE THUESON	DIRECTOR	0.30	Director	$0	$0	$0
THOMAS BACUS	DIRECTOR	0.30	Director	$0	$0	$0
MITCHELL HILL	DIRECTOR	0.30	Director	$0	$0	$0
JEFF SCHULTZ	DIRECTOR	0.30	Director	$0	$0	$0
KARI SHAW	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
PAT HALVERSON	PRESIDENT	1.50	Officer Director	$0	$0	$0
SHUNTA MCFADDEN	SECRETARY	1.50	Officer Director	$0	$0	$0
WILLIAM GOODNER	EXECUTIVE DIRECTOR	40.00	Officer	$46,600	$0	$46,600

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	No data	No data	No data	No data
2023	$472,032	$464,069	$1,808,598	$7,963
2022	$559,587	$464,964	$1,804,293	$94,623
2021	$591,893	$530,646	$1,739,710	$61,247
2020	$683,334	$830,207	$1,681,703	$-146,873
2019	$583,660	$561,363	$1,774,252	$22,297

HABITAT FOR HUMANITY OF WICHITA FALLS INC