Habitat for Humanity Southern Alberta

210, 805 Manning Road NE
Calgary, AB T2E 7M8
President & CEO: Gerrad Oishi
Board Chair: Brenda Fischer

Website: www.habitatsouthernab.ca
Charitable Reg. #: 13582 0496 RR0001
Sector: Social Services
Operating Charity

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 available only upon request [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #25

Avg. Compensation $68,088

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 1
$80k - $120k 2
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2013

About Habitat for Humanity Southern Alberta:

Habitat for Humanity Southern Alberta (HFHSA) was established in 1990 and consists of Chapters from Calgary, Medicine Hat, Brooks District, Foothills and Mountain View County. HFHSA 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. Each Chapter plans and manages its Habitat build projects, including raising funds, organizing volunteers, selecting partner families and working with community partners. Homeowners are selected on the basis of need and their willingness to partner. They must live in sub-standard housing, have the ability to pay a mortgage and meet the obligations of homeownership, and must be able to invest a minimum of 500 hours of labour (sweat equity) as their down-payment.

Along with the Home Building program, HFHSA also offers the Habitat ReStore, which sells new and slightly used building materials and home products at 40% to 60% off retail prices. In F2014, the ReStores donated more than $1.5m to Habitat for Humanity and diverted more than 170,000 pounds of waste from city landfills. HFHSA also runs the PEAK program, which assists public sector workers, essential workers (police officers, healthcare workers, etc.), and key workers (non-profit employees, tradespeople, etc.) in qualifying for a mortgage.

Financial Review:

Administrative costs are 14% of revenue while fundraising costs are 9% of donations (including donated goods in kind). Funding reserves are $1.5m (net of $2.4m in revolving loans and capital lease obligations) which cover 43% of annual program costs (excluding the cost of donated goods).

Financial Ratios

Fiscal year ending December
201420132012
Administrative costs as % of revenues 14.3%15.3%15.0%
Fundraising costs as % of donations 8.8%8.7%7.0%
Program cost coverage (%) 43.4%15.3%64.8%

Summary Financial Statements

All figures in $000s
201420132012
Donations 1,7541,4681,975
Goods in kind 3,7902,7392,681
Government funding 1,6931,6111,115
Fees for service 823722545
Business activities (net) 1,480882541
Investment income 46(14)121
Total revenues 9,5867,4096,978
Program costs 6,7958,0776,287
Administrative costs 1,3631,1321,026
Fundraising costs 489364327
Other costs 31610
Cash flow from operations 936(2,181)(672)
Funding reserves 1,4798542,501
Note: Ci adjusted revenues for unrealized losses and gains on sale of assets, reducing revenues by $23k in F2014 and $43k in F2013 and increasing revenue by $84k in F2012. Land and real estate held for resale have been included in the funding reserves.  Ci reported restore revenues net of restore expenses, reducing revenues and expenses by $1.4m in F2014, $1.4m in F2013 and $1.3m in F2012. Ci included revenues for repayments of mortgages receivable under fees for services, increasing revenues by $823k in F2014, $722k in F2013 and $545k in F2012. Ci adjusted revenues for sale of projects, decreasing revenues by $2.8m in F2014, $3.3m in F2013 and $7.7m in F2012. Ci presented project expenses in the year spent, affecting program costs by ($0.8m) in F2014, $1.2m in F2013 and ($2.6m) in F2012.

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