HABITAT FOR HUMANITY FOR SAN LUIS … - 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

1996

Legal Domicile

Principal Officer

NICHOLAS RASMUSSEN

Phone

8057820687

Tax Period

2024-07-01 to 2025-06-30

HABITAT FOR HUMANITY FOR SAN LUIS OBISPO COUNTY, founded in 1996, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 513% from the prior year, signaling strong growth momentum. The organization ran a surplus of $624K, a strong 27% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $63,647 Revenue: $91,532

HABITAT FOR HUMANITY SAN LUIS OBISPO COUNTY CONSTRUCTS AFFORDABLE, ENERGY-EFFICIENT HOMES FOR INCOME-QUALIFIED FAMILIES IN SAN LUIS OBISPO COUNTY, CALIFORNIA. HOMES ARE SOLD AT NO PROFIT TO PARTNER FAMILIES WHO CONTRIBUTE SWEAT EQUITY HOURS AND PURCHASE THEIR HOMES THROUGH AFFORDABLE MORTGAGES. THE ORGANIZATION MANAGES ALL PHASES OF DEVELOPMENT, INCLUDING SITE ACQUISITION, DESIGN, PERMITTING, CONSTRUCTION, AND HOMEBUYER PREPARATION. PROGRAM ACTIVITIES ADDRESS THE SEVERE SHORTAGE OF AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN ONE OF CALIFORNIA'S MOST HOUSING-COST-BURDENED REGIONS.

Program 2

Expenses: $569,935 Revenue: $-518

THE ORGANIZATION OPERATES TWO HABITAT RESTORE RETAIL LOCATIONS IN THE CITIES OF SAN LUIS OBISPO AND PASO ROBLES WHICH ACCEPT DONATIONS OF NEW AND GENTLY USED BUILDING MATERIALS, APPLIANCES...

THE ORGANIZATION OPERATES TWO HABITAT RESTORE RETAIL LOCATIONS IN THE CITIES OF SAN LUIS OBISPO AND PASO ROBLES WHICH ACCEPT DONATIONS OF NEW AND GENTLY USED BUILDING MATERIALS, APPLIANCES, FURNITURE, AND HOME GOODS AND RESELL THEM TO THE PUBLIC AT REDUCED PRICES. RESTORE OPERATIONS DIVERT USABLE MATERIALS FROM LOCAL LANDFILLS, PROVIDE AFFORDABLE HOME IMPROVEMENT RESOURCES TO THE COMMUNITY, AND GENERATE REVENUE THAT DIRECTLY SUPPORTS HABITAT SLO'S AFFORDABLE HOUSING PROGRAMS.

Program 3

HABITAT SLO'S HOME PRESERVATION PROGRAM PROVIDES CRITICAL REPAIR AND REHABILITATION SERVICES TO LOW-INCOME HOMEOWNERS, SENIORS, VETERANS, AND INDIVIDUALS WITH DISABILITIES IN SAN LUIS OBISPO COUNTY WHO ARE UNABLE TO MAINTAIN SAFE, DECENT HOUSING CONDITIONS. SERVICES INCLUDE ACCESSIBILITY MODIFICATIONS, WEATHERIZATION, PLUMBING AND ELECTRICAL REPAIRS, AND OTHER CRITICAL HOME IMPROVEMENTS. THE PROGRAM ENABLES VULNERABLE RESIDENTS TO REMAIN SAFELY IN THEIR HOMES AND SUPPORTS THE LONG-TERM STABILITY OF EXISTING AFFORDABLE HOUSING STOCK IN THE COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,039,806

Program Service Revenue $34,071

Investment Income $138,702

Other Revenue $56,943

TOTAL REVENUE $2,269,522

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $761,587

Fundraising Expenses $239,050

Program Expenses $636,082

Other Expenses $881,336

TOTAL EXPENSES $1,645,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,269,522	$369,958	+5.1%
Expenses	$1,645,423	$1,002,346	+0.6%
Net Income	$624,099	$-632,388	-2.0%

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

142

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

$173,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRUITT VANCE	CHAIR	0.30	Officer Director	$0	$0	$0
JIM DUFFY	CHAIR - PART YEAR	0.30	Officer Director	$0	$0	$0
TRICIA HAMACHAI	VICE CHAIR	0.30	Officer Director	$0	$0	$0
JESSICA STEELY	SECRETARY	0.30	Officer Director	$0	$0	$0
RANELLE BALDWIN	DIRECTOR	0.30	Director	$0	$0	$0
KRAIG CROZIER	DIRECTOR	0.30	Director	$0	$0	$0
MICHELE GOOD	DIRECTOR	0.30	Director	$0	$0	$0
MARTY INDVIK	DIRECTOR	0.30	Director	$0	$0	$0
KRISTIN INMAN	DIRECTOR	0.30	Director	$0	$0	$0
MARTY MOHAMED	DIRECTOR	0.30	Director	$0	$0	$0
SHAWN MULQUEENEY	DIRECTOR	0.30	Director	$0	$0	$0
DAN PARKER KING	DIRECTOR	0.30	Director	$0	$0	$0
BRYAN RIDLEY	DIRECTOR	0.30	Director	$0	$0	$0
NICHOLAS RASMUSSEN	CEO - PART YEAR	40.00	Officer	$161,659	$11,707	$173,366

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	$2,269,522	$1,645,423	$7,611,754	$624,099
2024	$369,958	$1,002,346	$7,472,723	$-632,388
2023	$237,041	$788,568	$5,365,440	$-551,527
2022	$1,016,844	$549,711	$5,062,366	$467,133
2021	$241,138	$405,254	$3,803,407	$-164,116
2020	$2,749,055	$387,740	$3,891,553	$2,361,315
2019	$260,135	$443,525	$1,386,872	$-183,390

HABITAT FOR HUMANITY FOR SAN LUIS OBISPO COUNTY