Habitat for Humanity Manitoba
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Fair
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
68%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.
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OVERVIEW
About Habitat for Humanity Manitoba:
Habitat for Humanity Manitoba is a 3-star charity with Fair demonstrated impact. The charity has exceptional results reporting, receiving an A grade. For every dollar donated to the charity, 68 cents are available to go to the cause, which is within Ci's reasonable range.
Founded in 1978, Habitat for Humanity Manitoba (HFHM) provides affordable housing to low-income families in Manitoba and Northwest Ontario. It promotes a homeownership business model as a means to break the poverty cycle. HFHM is formally known as Winnipeg Habitat for Humanity and is based in Winnipeg. Habitat Manitoba is one of Habitat Canada's 46 local affiliates. It has 11 local Manitoba chapters in Brandon, Carman-Dufferin, Dauphin, Gimli & District, Killarney, Portage la Prairie, Selkirk, Southeast, Springfield, Virden, and Winkler-Morden. It also has one Ontario chapter Kenora.
Habitat for Humanity Manitoba’s affordable homeownership program is for families who do not quality for conventional mortgages. Partner families buy homes with no down payment and an interest-free mortgage. Mortgage payments are capped at 30% of household income. Families must put in 500 ‘sweat equity’ hours, spent either building a home or working in a ReStore. Mortgage payments go into a Fund for Humanity that is used to build more homes.
In F2022, HFHM began building 18 new homes, including six in Winnipeg and 12 across its chapter network: four in Brandon, three in Winkler-Morden, two in Portage, two in Landmark, and one in Dauphin. HFHM finished building 13 homes in F2022. Since founding, the charity has built 474 homes across Manitoba and northern Ontario. The charity welcomed 16 new families into its homeownership program in F2022. This includes 52 children, 11 two-parent families, two Indigenous families, and five single-parent families. 278 families continued living in homes that they moved into in prior years.
HFHM's ReStore sells donated building supplies, furniture, appliances, and décor at reduced prices. The charity runs two ReStores in Winnipeg and one in Brandon. In F2022, ReStores diverted 3.7 million pounds of material from local landfills.
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Results and Impact
In 2015, Boston Consulting Group conducted an impact analysis on Habitat for Humanity Canada (evaluating the impact of Habitat homes, which are built by Habitat affiliates). The evaluation found that each partner family housed in a Habitat Home generates $175,000 in measurable benefits to society.
Charity Intelligence has given Habitat for Humanity Manitoba a Fair impact rating for demonstrated impact per dollar, primarily due to the high cost per family.
Impact Rating: Fair
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Finances
Habitat for Humanity Manitoba received $4.2m in donations and special events revenue in F2022, a 59% increase compared to F2021. HFHM received $994k in government funding, representing 10% of total revenue. Ci gathered government funding from the charity’s CRA filings.
Administrative costs are 24% of revenue (excluding investment income), and fundraising costs are 8% of donations (including donated construction materials) and special events fundraising. This results in total overhead spending of 32%. For every dollar donated to the charity, 68 cents are available to go to the cause, which is within Ci’s reasonable range. Included in administrative costs are 100% of overhead salaries – Ci was unable to separately allocate salaries to administrative and fundraising costs.
HFHM’s funding reserves are ($12.5m) owing to $3.2m in cash and ($15.7m) in debt. Debt represents mortgages that HFHM holds for its homes, which is repaid over time using mortgage payments from partner families.
On-hand cash and investments can cover annual program costs at current levels for under five months
This report is an update that has been sent to Habitat for Humanity Manitoba for review. Comments and edits may be forthcoming.
Updated on August 4, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 23.9% | 25.1% | 29.9% |
| Fundraising costs as % of donations | 7.8% | 7.9% | 4.5% |
| Total overhead spending | 31.7% | 32.9% | 34.5% |
| Program cost coverage (%) | (161.1%) | (272.3%) | (178.2%) |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 3,107 | 2,013 | 1,426 |
| Goods in kind | 265 | 175 | 279 |
| Government funding | 994 | 1,860 | 1,084 |
| Fees for service | 3,338 | 2,844 | 3,012 |
| Business activities (net) | 1,039 | 739 | 351 |
| Special events | 1,051 | 595 | 482 |
| Investment income | 54 | 20 | 13 |
| Other income | 196 | 136 | 54 |
| Total revenues | 10,044 | 8,383 | 6,699 |
| Program costs | 7,755 | 4,175 | 6,408 |
| Donated goods exp | 265 | 175 | 279 |
| Administrative costs | 2,386 | 2,095 | 2,002 |
| Fundraising costs | 346 | 220 | 99 |
| Other costs | 510 | 474 | 444 |
| Total spending | 11,262 | 7,139 | 9,231 |
| Cash flow from operations | (1,218) | 1,244 | (2,532) |
| Capital spending | 59 | 82 | 30 |
| Funding reserves | (12,495) | (11,368) | (11,422) |
Note: Ci used the charity’s T3010 CRA filings for government funding and backed the amounts out of donations. Fees for service includes mortgage payment receipts of $3.4m in F2022, $2.8m in F2021, and $3.0 in F2020, as well as changes in refundable deposits and prepaid expenses of ($74k) in F2022, $29k in F2021, and $51k in F2020. This increased revenues by $3.3m in F2022, $2.8m in F2021, and $3.0m in F2020. As a largely non-cash item, Ci did not include sale of properties to Habitat families in revenues, decreasing total revenue by ($7.9m) in F2022, ($1.5m) in F2021, and ($4.6m) in F2020. ReStore revenues are reported net of direct expenses in business activities, unwinding amortization. This reduced total revenues and expenses by ($1.5m) in F2022, ($1.6m) in F2021, and ($1.6m) in F2020. To report on a cash basis, instead of including the reported cost of residential properties in program spending, Ci included costs associated with the acquisition and construction of residential property. This affected total expenses by ($1.5m) in F2022, $2.7m in F2021, and $1.7m in F2020. Program costs also include repair, maintenance and home warranty costs. Donated construction materials have been reported separate from program costs in donated goods used in programs. Administrative costs include Habitat for Humanity Canada affiliation fees of $260k in F2022, $219k in F2021, and $192k in F2020. As a non-cash item, Ci backed out amortization of capital assets allocated to administrative costs. Fundraising includes special events fundraising costs as well as public relations, media and promotions costs. Ci included changes in deferred contributions, impacting revenue in the amount of ($23k) in F2022, $38k in F2021, and ($20k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
2 |
$80k - $120k |
7 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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