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New York BBB Wise Giving Report for
Habitat NYC

A BBB Accredited charity

 



Expiration Date:
09/2015
Name:
Habitat NYC
Address:
111 John Street
23rd Floor
New York, NY 10038
Phone:
212-991-4000
Year, State Incorporated:
1986, New York
Affiliates:
None
Stated Purpose:
" Habitat for Humanity New York City transforms lives by building quality homes with families in need and by uniting all New Yorkers around the cause of affordable and stable homeownership "





Evaluation Conclusions
 

              
Habitat For Humanity - New York City meets the 20 Standards for Charity Accountability.




Programs
 

              
Habitat for Humanity New York City (Habitat-NYC), builds affordable homes for low-income families in the five boroughs of New York City. Homes are built with the “sweat equity” of the family partner homeowners who work side-by-side with volunteers. Professional contractors build the exterior shells to code, and the volunteers do the interior construction. In addition to building homes, Habitat-NYC is a leading advocate for affordable housing. Habitat-NYC’s goal is to ensure that every New Yorker has a decent, affordable home by creating a social movement to end the housing crisis plaguing New York City and by calling on elected officials to make affordable housing a priority.



Governance
 

              
Chief Executive Officer:
Mr. Alex Havriliak , Acting Chief Executive Officer
Chair of the Board:
Ms. Christine A. McGuinness
Chair's Profession / Business Affiliation:
Partner, Schiff Hardin LLP.
Board Size:
21
Paid Staff Size:
26



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, Newsletters
Fund raising costs were 22.7% of related contributions. (Related contributions, which totaled $6,259,534, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Habitat For Humanity New York City's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Contributions

$5,380,605

Government subsidies

3,831,445

Proceeds from sales to qualified purchasers

2,914,088

Special Events

878,929

Mortgage discount amortization

418,330

Developer's fee

345,410

Investment return

106,104

Other income-net

20,975

Total Income

$13,895,886

Program Expenses  

Cost of housing units sold

$7,056,773

Other Program Expenses

1,405,149
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

8,461,922
1,418,175
831,745

$10,711,842

$3,184,044




Uses of Funds as a % of Total Expenses


Programs: 79%  Fund Raising: 13%  Administrative 8% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $17,756,379
Ending net assets 20,940,423
Total liabilities 18,299,733

Total assets

$39,240,156






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.