Habitat for Humanity Edmonton
Edmonton, AB T5B 1G5
President & CEO: Alfred Nikolai
Board Chair: Jan Mulligan
Charitable Reg. #: 12944 3966 RR0001
Social Results Reporting
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Program Cost Coverage
Full-time staff #110
Avg. Compensation $50,373
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||2|
|$80k - $120k||7|
|$40k - $80k||0|
About Habitat for Humanity Edmonton:
Founded in 1991, Habitat for Humanity Edmonton (HFHE) 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 HFHE with interest-free mortgages, and all mortgage payments are used to purchase more land for future homes. Homeowners are selected on the basis of need and their willingness to partner. They must have lived in the Edmonton Region or in the Northern Alberta community where the home is being built, for a minimum of one year with income below the poverty line and reside in inadequate housing. Selected homeowners must be able to invest a minimum of 500 hours of labour (sweat equity) as their down-payment, and they must also show a consistent work history and the ability to repay a mortgage on their home.
HFHE covers its overhead expenses with the proceeds from its retail operation, the ReStore, which sells donated building supplies, home furnishings, appliances, and décor. Since its founding in 1991, HFHE has served over 400 families. In 2014, HFHE used the services of 5,062 volunteers to build 52 homes in Edmonton, Hinton, Fairview, Wetaskiwin, Slave Lake, Grande Prairie and Kikino Metis.
HFHE did not disclose fundraising costs in the audited financial statements for 2014. In F2014, HFHE's administrative costs were 20% of revenues. It has negative funding reserves due to a debt of $18.7m.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||19.8%||13.2%||16.3%|
|Fundraising costs as % of donations||0.0%||0.8%||2.5%|
|Program cost coverage (%)||(175%)||(95.7%)||(47.7%)|
Summary Financial StatementsAll figures in $000s
|Goods in kind||3,197||6,052||768|
|Fees for service||1,381||924||705|
|Business activities (net)||1,052||317||562|
|Cash flow from operations||(1,780)||(829)||(2,783)|