Habitat for Humanity Iqaluit
Iqaluit, NU X0A 0H0
Executive Director: none
Board Chair: Glenn Cousins
Charitable Reg. #: 81662 4142 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #0
Avg. Compensation $0
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Habitat for Humanity Iqaluit:
Founded in 2006, Habitat for Humanity Iqaluit (HFHIQ) is dedicated to improving housing conditions for people who are gainfully employed but are unable to afford a down payment due to the cost of housing in the North. HFHIQ builds and rehabilitates houses with the help of volunteers and partner families. The homes are sold to partner families with no down payment and are financed with no-interest mortgages. The homeowners' mortgage payments go into a revolving fund, which is used to build more homes for more families in need.
HFHIQ has built 2 homes since its founding. Its goal is to mobilize 1,000 volunteers to build 10 homes by 2020. The charity reports no full-time employees and one part-time employee, whose compensation was $52,700 in F2012.
Fundraising costs are 30% of donations and administrative costs are 14% of revenues. The charity has funding reserves of $154k, which cover annual program costs 1.7 times. Excluding mortgages receivable, the charity has funding reserves of $38k, which cover 79% of annual program costs.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||13.5%||12.2%||14.4%|
|Fundraising costs as % of donations||30.1%||46.6%||15.9%|
|Program cost coverage (%)||174.7%||1,463.3%||1,200.1%|
Summary Financial StatementsAll figures in $s
|Goods in kind||32,620||36,787||8,350|
|Business activities (net)||18,000||18,000||16,500|
|Bank And Other Charges||2,831||2,715||2,780|
|Cash flow from operations||54,864||92,091||119,204|