Habitat for Humanity Canada

477 Mount Pleasant Road, Suite 403
Toronto, ON M4S 2L9
President & CEO: Pedro Barata
Board Chair: Riccardo Trecroce

Charitable Reg. #:11895 0120 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

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.

75%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.



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OVERVIEW

About Habitat for Humanity Canada:

Habitat for Humanity Canada is a 3-star charity with Fair demonstrated impact. It has an A Results Reporting grade, which is above average. For every dollar donated to the charity, 75 cents are available to go to the cause, which is within Ci's reasonable range.

Founded in 1986, Habitat for Humanity Canada (Habitat Canada or HFHC) helps low-income families access affordable housing across Canada. It is a member of Habitat for Humanity International and shares its global vision statement: a world where everyone has a decent place to live. Habitat Canada collects fees from its 46 affiliates and grants money to its affiliates to build homes in their local areas.

In August 2023, Habitat Canada ran a survey of 1,505 Canadians. The charity states that 61% of Canadians aged 18-34 are concerned about their ability to pay their mortgage or rent. 49% of respondents spend over half of their household income on housing, and 92% believe there is an affordable housing shortage.

In F2023, Habitat for Humanity Canada spent $18.4m on its programs and grants. Habitat Canada has two core programs: Homeownership and Indigenous Partnerships.

Homeownership represented 91% ($16.6m) of program costs in 2023. With the help of volunteers, local Habitat charities build and renovate affordable homes, from single-family houses to multi-unit developments. People who live in the homes pay a mortgage no more than 30% of the family’s gross household income. Homeowners are also required to volunteer 500 hours with Habitat Canada. To qualify for homeownership, applicants must be: in need of better housing, willing to partner with Habitat, and able to make affordable mortgage payments. In 2023, 737 people from 192 families partnered with Habitat and joined the Homeownership program. Over 2,500 families across Canada are currently a part of Habitat’s Homeownership program. 47% of families are women-led, single-parent households, 21% of families have a member with a physical or mental disability, 12% of families have at least one member who is a recent immigrant, 13% of families have at least one Indigenous member, and 11% of families identify as Black. The charity reports that at least 20% of Habitat homes built through CMHC’s National Housing Co-investment Fund will meet or exceed the federal government’s accessibility criteria. As of 2023, 68 accessible Habitat homes have been built, with an additional 134 slated for or under construction.

Indigenous Partnerships represented 5% ($922k) of program costs in 2023. According to Statistics Canada, 16% of Indigenous people live in a dwelling that needed major repairs. Habitat Canada launched the Indigenous Housing Partnership in 2007. Habitat Canada’s Partnership program focuses on housing rehabilitation, water and sanitation infrastructure, emergency shelter through Tiny Homes, Indigenous skills training, capacity building with First Nation communities, and support for local Habitats to house Indigenous families. Habitat Canada reports Habitat for Humanity Hamilton is building a five-unit townhouse in partnership with Six Nations of the Grand River.

The remaining 4% of program costs went toward International Development.

ReStore: Habitat for Humanity Canada purchases products from the liquidators at less than fair market value and transfers the purchased products to the local Habitat affiliates for selling in ReStores or use in the construction of houses. Habitat Canada has 106 ReStores throughout the country.

The charity did not report the total number of homes built in 2023.

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Results and Impact

In 2015, Boston Consulting Group completed an impact analysis of Habitat for Humanity Canada. The research showed that for every $1 donated, there are $4 in social benefits returned to the community. Each Habitat home also receives measurable benefits of $175k through a Habitat home. This number is the combination of expected wealth generated from the first two generations of a Habitat home. Habitat Canada states that in 2022, over $38m in social benefits was returned to the community through its Habitat programs.

While Ci highlights these key results, they may not be a complete representation of Habitat for Humanity Canada’s results and impact.

Charity Intelligence has rated Habitat for Humanity Canada as Fair on demonstrated impact.

Impact Rating: Fair

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Finances

Habitat for Humanity Canada received $10.0m in Canadian donations in 2023. The charity also received $10.8m in donated goods in kind, which is 30% of revenue, and $6.4m in government funding, which is 18% of revenue. Habitat Canada spent $18.4m on its grants and programs, which is 74% of revenue excluding goods in kind. In 2023, Habitat Canada recorded a surplus of $792k, which is 2% of revenue.

Administrative costs are 3% of revenue (less investment income). Fundraising costs are 22% of donations. For every dollar donated to the charity, 75 cents are available to go to the cause, which is within Ci’s reasonable range.

Habitat Canada has $2.5m in reserve funds (cash and investments less interest-bearing debt). Its reserves can cover 14% or less than two months of its annual program costs.

In F2023, Habitat Canada took over Habitat for Humanity Wood Buffalo’s property and mortgages. The property and equipment have a value of $1.5m. Habitat Canada recorded the $1.5m as revenue but did not report it as a separate line item on the operating statement. As such, Ci was unable to make the appropriate adjustment. Habitat Canada’s surplus is inflated by $1.5m.

Charity Intelligence has sent this update to Habitat for Humanity Canada for review. Changes and edits may be forthcoming.

Updated on June 14, 2024 by Liam Chapleau.

Financial Review


Financial Ratios

Fiscal year ending December
202320222021
Administrative costs as % of revenues 3.3%3.2%2.9%
Fundraising costs as % of donations 22.0%21.7%22.8%
Total overhead spending 25.3%24.9%25.7%
Program cost coverage (%) 13.6%23.7%9.2%

Summary Financial Statements

All figures in $000s
202320222021
Donations 10,0379,8498,814
International donations 243175597
Goods in kind 10,7579,4789,088
Government funding 6,37011,0527,185
Fees for service 7,6057,0136,661
Other income 658349754
Total revenues 35,67037,91733,099
Program costs - International 865832849
Program costs - Canada 3,3593,0933,282
Grants 14,19618,82813,550
Donated goods exp 10,7579,4789,088
Administrative costs 1,1751,221967
Fundraising costs 2,5112,4392,319
Other costs 2,0142,1661,611
Total spending 34,87838,05631,665
Cash flow from operations 792(139)1,434
Capital spending 84353
Funding reserves 2,5115,3931,629

Note: 1.DEFERRED CONTRIBUTIONS: Ci adjusted for deferred revenue within fees for service and international donations, affecting revenue by $446k in 2023, ($14k) in 2022, and $602k in 2021. 2.DISTRIBUTION OF SURPLUS TO AFFILIATES: Ci included the distribution of surplus to affiliates within Canadian program costs, affecting revenue in only 2021 by $806k.

Salary Information

Full-time staff: 49

Avg. compensation: $95,140

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
4
$120k - $160k
0
$80k - $120k
5
$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:

No comments have been added by the charity.

Charity Contact

Website: www.habitat.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-644-0988

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Charitable Registration Number: 80340 7956 RR0001