Habitat for Humanity Halton

1800 Appleby Line, Unit 10
Burlington, ON L7L 6A1
Executive Director: John Gerrard
Board Chair: Hugh Hyndman

Website: www.habitathalton.ca
Charitable Reg. #: 86607 2432 RR0001
Sector: Social Services - Housing
Operating Charity

Social Results Reporting

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Most recent audited financial statements available on the charity's website

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #28

Avg. Compensation $35,041

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 9
< $40k 0
Information from most recent CRA Charities Directorate filings for F2013

About Habitat for Humanity Halton:

Habitat for Humanity Halton (HHH) was established in 1999 in response to a growing need for affordable housing in Halton Region. HHH offers help to hard-working families in breaking the cycle of poverty, often intergenerational, providing interest-free mortgages to families who could otherwise never buy their own home. Homeowners are selected on the basis of need and their willingness to partner. They must have lived in Halton Region for a minimum of two years with income below the poverty line and reside in inadequate housing. Selected homeowners must be able to invest a minimum of 500 hours of labour (sweat equity) as their down-payment, and they must also show a consistent work history and the ability to repay a mortgage on their home.

Along with the Home Building program, HHH also offers ReNewit, a repair and renovation program, HomeWORKS, a budgeting and financial management skills building program, and the Habitat ReStore, that sells new and slightly used building materials and home products at 35% to 75% off retail prices. In December, 2014, Habitat for Humanity Halton and Habitat for Humanity Mississauga formally announced the merger of the two entities which will be called Habitat for Humanity Halton-Mississauga.

Financial Review:

Administrative costs are 5% of revenue while fundraising costs are 36% of donations (including goods in kind). Funding reserves are negligible due to a $300k mortgage payable. Excluding the mortgage, funding reserves cover 35% of annual program costs.

Financial Ratios

Fiscal year ending December
201320122011
Administrative costs as % of revenues 5.0%6.9%2.4%
Fundraising costs as % of donations 35.6%87.9%29.3%
Program cost coverage (%) 0.2%62.3%129.2%

Summary Financial Statements

All figures in $s
201320122011
Donations 384,158177,499648,278
Goods in kind 232,2591,6269,670
Fees for service 77,721131,41561,325
Business activities (net) 663,770700,778544,171
Investment income 2,400524763
Total revenues 1,360,3081,011,8421,264,207
Program costs 1,522,9131,142,959903,951
Administrative costs 67,54169,51730,881
Fundraising costs 219,712157,421193,067
Other costs 10,4055,9444,092
Cash flow from operations (460,263)(363,999)132,216
Funding reserves 2,473712,3901,167,534
Note: Ci adjusted revenues for deferred donations and grants, affecting revenues by $122k in F2013, ($8k) in F2012 and $44k in F2011. Ci included repayments of mortgages receivables under fees for services, increasing revenues by $78k in F2013, $131k in F2012 and $61k in F2011. Ci also adjusted expenses for property held for resale and buildings in progress, increasing expenses by $827k, $551k, $444k in F2013, F2012 and F2011 respectively.

Comments added by the Charity:

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