Greater Albuquerque Habitat for Humanity

Because every one deserves a place to call home

aka Greater Albuquerque Habitat for Humanity   |   Albuquerque, NM   |  https://habitatabq.org

Mission

Greater Albuquerque Habitat for Humanity builds community one home, one family at a time by making it possible for low-income families to own decent, affordable homes. We believe that everyone deserves a decent and affordable place to call home. Our mission is much bigger than building homes. Our purpose is to provide low-income families an opportunity to purchase an affordable home so they can stand on their own, find stability and build a safe and secure foundation for their family’s future.

Ruling year info

1987

Executive Director

Ms. Joan Costello

Main address

4900 Menaul Blvd NE

Albuquerque, NM 87110 USA

Show more contact info

EIN

85-0359138

NTEE code info

Housing Development, Construction, Management (L20)

Thrift Shops (P29)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Housing expenditures that exceed 30% of household income indicate a housing affordability problem. According to the annual State of the Nation’s Housing Report from Harvard’s Joint Center for Housing Studies, nearly 39 million households can’t afford their housing. In New Mexico, 1 in 8 households spend more than half of their income on housing. These families are forced to make difficult decisions every day. Affordable homeownership allows families to spend more on healthcare and nutritious food. Stable, affordable homeownership positively impacts mental health and children’s educational outcomes by minimizing the disruptions associated with unwanted and frequent moves. Research from the Cincinnati Office of NRC (2003) showed that, compared to children of renters, children of homeowners are 116% more likely to graduate from college, 25% more likely to graduate from high school, 20% less likely to become teenage mothers, have fewer behavior problems.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Family Services

The Family Services program qualifies low-income applicants for housing, selects Partner Family and matches with housing, manages and services mortgages of all Partner Families purchasing a home

Population(s) Served

ReStore is a retail home improvement store that sells donated new and used building materials and furnishings at reduced prices. The income generated from ReStore helps to build more homes for low-income families. ReStore keeps reusable items out of the landfill and provides a source of discounted materials to homeowners.

Population(s) Served

The Construction program works with a variety of skilled labor and thousands of volunteers to build decent, affordable homes for low-income families.

Population(s) Served

Greater Albuquerque Habitat for Humanity provides mortgages to qualified partner families at zero percent interest. The affiliate services the mortgages and maintains escrow accounts for each mortgage.

Population(s) Served

Where we work

Awards

2012 Recycling Award 2012

New Mexico Recycling Coalition

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of low-income families housed in affordable, well-maintained units as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Related Program

Family Services

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

We track the number of low-income families that gain homeownership as a result of our efforts.

Number of children and youth who have received access to stable housing

This metric is no longer tracked.
Totals By Year
Related Program

Family Services

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

We keep track of how many children are now living in stable, permanent, affordable housing due to our efforts.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our most recent neighborhood, the Mesa del Rio 22-home community, will be complete by the end of 2020 and these homes will be sold at a 0% interest to pre-qualified low-income families. We are currently in need of funding to purchase land in order to continue to build affordable homes for qualified low-income families.

Habitat raises funds to purchase land and build affordable homes in a variety of ways. The development team applies for grants, seeks donations from individuals, hosts fundraising events, and offers sponsorship opportunities for organizations to partner with Habitat. In addition, income from ReStore sales and homeowners' mortgage payments help fund the purchase of land and the construction of more homes for low-income families.

Habitat has been building homes since 1987. We have a strong, active volunteer base that helps at the construction site which limits the need to hire paid staff. Habitat oversees and manages the mortgages on the homes it builds and sells and the money earned from the sell of homes goes back into building more homes. Finally, Habitat manages a ReStore, which accepts donations of new and used home improvement materials for resale at discounted prices to the community. The earnings from the retail store cover a significant portion of the operating budget and money raised through philanthropic endeavors goes towards the purchase of land and the construction of homes.

We have built 193 homes by the end of 2019.
We have partnered with 198 low-income low-income families to give them the opportunity to become first time homeowners.
We have not been able to build enough affordable homes to match the need in the community.

Financials

Greater Albuquerque Habitat for Humanity
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

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Greater Albuquerque Habitat for Humanity

Board of directors
as of 02/11/2022
SOURCE: Self-reported by organization
Board chair

Tom Bullard

NM Gas Company, Director of Engineering Services

Term: 2019 - 2020

Michael Montoya

Presbyterian Healthcare Services

Greg Hunt

Century Link

Mike Athens

Rio Grande Credit Union

Tom Bullard

NM Gas Company

Brian McKelvey

Western Commerce Bank

Natalia Griffin

Century Automotive Service Corp

Mark Lujan

Souers Construction

Cynthia Jacobsen-Wolfe

Mental Health Counselor

Nancy Olson

Washington Federal

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No