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New York BBB Wise Giving Report for
Habitat For Humanity - New York City

A BBB Accredited charity

 


Expiration Date:
09/2013
Name:
Habitat For Humanity - New York City
Address:
111 John Street
23rd Floor
New York, NY 10038
Phone:
212-991-4000
Year, State Incorporated:
1986, New York
Affiliates:
None
Stated Purpose:
" Transforms lives and our city by uniting all New Yorkers around the cause of decent, affordable housing for everyone. "





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:
Josh Lockwood, Executive Director
Compensation*:
$178,300
Chair of the Board:
Peter Knitzer
Chair's Profession / Business Affiliation:
E*Trade Bank
Board Size:
28
Paid Staff Size:
24



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




Fund Raising
 

               
Method(s) Used:

Direct mail appeals, telephone appeals, invitations to fund raising events, grant proposals, internet appeals, cause-related marketing (i.e. affinity credit cards, consumer product sales, etc. that indicate purchases will benefit your organization)
Fund raising costs were 38% of related contributions. (Related contributions, which totaled $984,202, 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, 2010.

Source of Funds
 

Contributions and Grants

 $984,202

Government Subsidies

487,116

Mortgage Discount Amortization

 221,079

Other Income

 46,706

Interest Income

 30,548

Total Income

$1,769,651

Expenses
 
Program Expenses 

Program Services

$4,298,232

Capitalization of Construction Expenses

(2,414,569)
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Total expenses

Expenses in Excess of Income

 1,883,663
373,925
281,875
$2,539,463

$(769,812)



Uses of Funds as a % of Total Expenses


Programs: 74%  Fund Raising: 15%  Administrative 11% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $18,041,816
Ending net assets 17,292,284
Total liabilities 3,263,622
Total assets
$20,555,906






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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