Habitat for Humanity Edmonton

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

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

Social Results Reporting

Grade: B

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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #110

Avg. Compensation $50,373

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 2
$80k - $120k 7
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

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.

Financial Review:

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 Ratios

Fiscal year ending December
201420132012
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 Statements

All figures in $000s
201420132012
Donations 2,4632,9082,526
Goods in kind 3,1976,052768
Government funding 2,5905,7789,038
Fees for service 1,381924705
Business activities (net) 1,052317562
Other income 475332499
Total revenues 11,15816,31014,097
Program costs 10,19914,55014,286
Administrative costs 2,2062,1592,303
Fundraising costs 07683
Other costs 533355208
Cash flow from operations (1,780)(829)(2,783)
Funding reserves (17,848)(13,922)(6,808)
Note: Ci allocated revenues and expenses as noted in the audited financial statements. Ci reported Re-Store profits gross of stated amortization expense and included these costs in non-cash expenses. Ci removed revenue and cost of sale of homes, but added the home construction costs, and land acquisition and servicing costs to expenses. Ci also added mortgage payments received to revenues. These adjustments decreased revenue by $11.6m in F2014, $11.1m in F2013 and $7.9m in F2012. These adjustments increased expenses by $9.6m in F2014, $14.2m in F2013 and $14.2m in F2012.

Comments added by the Charity:

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