Habitat for Humanity Winnipeg

60 Archibald Street
Winnipeg, MB R2J 0V8
CEO: Sandy Hopkins
Board Chair: Chuck Golfman

Website: www.habitat.mb.ca
Charitable Reg. #: 11930 1034 RR0001
Sector: Social Services
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

Grade: A-

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #55

Avg. Compensation $33,039

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 4
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Habitat for Humanity Winnipeg:

Founded in 1987, Habitat for Humanity Winnipeg (HFHW) mobilizes volunteers and community partners to build affordable housing for low-income families and promote homeownership as a means to breaking the cycle of poverty. Volunteers and partner families build the homes with donated materials and labour, the partner families buy the homes from HFHW with interest-free mortgages, and all mortgage payments are used to purchase more land for future homes. HFHW covers its overhead expenses with the proceeds from its retail operation, the ReStore, which sells donated building supplies, home furnishing, appliances, and décor. In 2014, HFHW built 21 new homes. Since its founding, it has built 323 homes.

Financial Review:

In F2014, HFHW's fundraising costs were 5% of donations (including goods in kind), and administrative costs were 5% of revenues. The organization has negative funding reserves due to debt of $4.7m. Additionally, the organization had total capital expenditures of $3.8m in F2014, most of which was spent on acquisition of residential property.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 5.3%5.2%6.2%
Fundraising costs as % of donations 5.0%4.1%3.7%
Program cost coverage (%) (64.5%)(53.4%)(57.8%)

Summary Financial Statements

All figures in $000s
Donations 3,5003,3483,452
Goods in kind 233232360
Fees for service 1,1371,125626
Business activities (net) 937886861
Special events 611500624
Investment income 9613
Total revenues 6,4286,0975,937
Program costs 5,4016,0016,142
Administrative costs 337314366
Fundraising costs 216167166
Other costs 173166132
Cash flow from operations 301(550)(868)
Funding reserves (3,481)(3,203)(3,551)
Note: Ci reported fundraising revenue gross of stated fundraising costs and included these costs in fundraising expense. Ci also reported Re-Store profits gross of stated amortization expense and included these costs in non-cash expenses. Ci removed the following non-cash items from revenue: excess of residential property transfer price over costs, gain on disposal of property, gain of disposal of residential property, equity (loss) from subsidiaries, accreted interest income on mortgages receivable, and income reduction on fair value adjustment of mortgages receivable. Ci also removed the transfer price of residential properties from revenues and the cost of those transferred properties from expenses. Ci added the cost of acquisition and construction of residential properties in the expenses. Ci also added the mortgage receivable payments received in the revenues. These adjustments decreased revenue by $4.6m in F2014, $4.7m in F2013 and $4.0m in F2012. These adjustments increased expenses by $250k in F2014, $1.1m in F2013 and $1.2m in F2012. Ci allocated expenses based on our best estimate, as the charity does not provide a breakdown.

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