Habitat for Humanity Halton
Burlington, ON L7L 6A1
Executive Director: John Gerrard
Board Chair: Hugh Hyndman
Charitable Reg. #: 86607 2432 RR0001
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.
Program Cost Coverage
Full-time staff #28
Avg. Compensation $35,041
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||9|
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.
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 RatiosFiscal year ending December
|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 StatementsAll figures in $s
|Goods in kind||232,259||1,626||9,670|
|Fees for service||77,721||131,415||61,325|
|Business activities (net)||663,770||700,778||544,171|
|Cash flow from operations||(460,263)||(363,999)||132,216|