Habitat for Humanity Edmonton

8210 Yellowhead Trail NW
Edmonton, AB T5B 1G5
President & CEO: Alfred Nikolai
Board Chair: Oryssia Lennie

Website: www.hfh.org
Charitable Reg. #: 12944 3966 RR0001
Sector: Social Services - Housing
Operating Charity

Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Low

Full-time staff #84

Avg. Compensation $63,658

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 4
$80k - $120k 5
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Habitat for Humanity Edmonton:

Founded in 1991, Habitat for Humanity Edmonton (HFHE) is the affiliate of Habitat for Humanity Canada that is responsible for running the Habitat Homeownership program in Northern Alberta. Common to most Habitat for Humanity affiliates, HFHE’s mission is to mobilize volunteers and community partners in building affordable housing and promoting home ownership as a means of breaking the poverty cycle. The charity states that one in 10 families in the Edmonton area need affordable housing – Habitat’s homeownership program works to meet this need.

HFHE states that the Habitat homeownership program is a hand up, not handout, meaning that the charity does not simply give Habitat houses to those in need – all partner families must put in 500 hours of ‘sweat equity’ when building a Habitat home as a modified form of a down payment. Partner families pay an interest-free mortgage to HFH Edmonton that is never more than 25% of total income. The charity reinvests these mortgage payments into a ‘revolving fund for humanity’ to finance future Habitat builds. 

In 2016, Habitat for Humanity Edmonton made 59 Habitat houses available to families in need – this includes 32 newly-built homes and 27 ‘buyback’ homes (when a partner family moves out of a Habitat home, HFH Edmonton buys back the house and places a new partner family into it). With 32 homes built in 2016, HFH Edmonton has built a total of 136 homes since founding. The charity housed 54 new families in 15 communities during the year. Communities include Cold Lake, Edmonton, Fort Saskatchewan, Grande Prairie, Hinton and Slave Lake. 2016 marked HFH Edmonton’s milestone of serving 500 families since founding. The charity also completed its Neufeld Landing project during the year, the largest Habitat build in Canadian history. The development houses 64 families. As of 2016, HFH Edmonton has 114 future homeowners currently putting in their sweat equity hours on their Habitat homes.

Habitat for Humanity Edmonton runs ReStore retail outlets that accept donations of new and gently used building materials and home improvement items and sell back these products to the public. The charity states that the profits from this social enterprise cover all overhead (fundraising and administrative) expenses to ensure that all donations go towards homebuilding efforts.

Financial Review:

Habitat for Humanity Edmonton is a medium-sized charity with total cash donations and fundraising revenue of $2.2m in F2016. Administrative costs are 9% of revenues and fundraising costs are 24% of cash donations and fundraising revenue. Per dollar donated to the charity, $0.67 goes towards its programs, which falls within Ci’s reasonable range for overhead spending. The charity’s interest-bearing debts (debt and bank overdraft) exceed liquid assets, resulting in negative funding reserves that cannot cover annual program costs.

HFH Edmonton notes that goods in kind revenue of $606k in F2016 reflects donated materials used to build Habitat homes. When these non-cash donations are included in donations, total donations and fundraising revenue rises to $2.8m and fundraising costs drop to 19%. 

Updated on June 29, 2017 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December
201620152014
Administrative costs as % of revenues 8.6%16.2%12.9%
Fundraising costs as % of donations 24.1%20.3%20.1%
Program cost coverage (%) (144.3%)(239.4%)(165.5%)

Summary Financial Statements

All figures in $000s
201620152014
Donations 2,1602,1782,463
Goods in kind 6066423,197
Government funding 11,6012,8012,590
Fees for service 2,7302,7122,316
Business activities (net) 1,2311,1241,298
Other income 405480475
Total revenues 18,7339,93712,338
Program costs 14,5548,92710,786
Administrative costs 1,6071,6071,589
Fundraising costs 520442494
Other costs 714600533
Cash flow from operations 1,338(1,638)(1,064)
Funding reserves (20,999)(21,373)(17,848)
Note: Ci reported mortgage payments, rental payments and tenancy payments in fees for service, increasing revenues by $2.7m in F2016, $2.7m in F2015 and $2.3m in F2014. To report on a cash basis, Ci reported ReStore profit gross of amortization in business activities, increasing ReStore profits by $77k in F2016, $105k in F2015 and $123k in F2014. Ci reported home construction costs and land acquisition and servicing costs in program costs, increasing expenses by $13.0m in F2016, $7.5m in F2015 and $9.5m in F2014. To report on a cash basis, Ci did not report amortization in administrative costs, lowering administrative costs by $125k in F2016, $129k in F2015 and $123k in F2014.

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