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Habitat for Humanity of Greater Greensboro Subordinate

We build strength, stability, self-reliance, and shelter.

aka Habitat Greensboro   |   Greensboro, NC   |  https://habitatgreensboro.org
GuideStar Charity Check

Habitat for Humanity of Greater Greensboro

EIN: 56-1586870  Subordinate info


Mission

Our vision: A world where everyone has a decent place to live. Our Mission: Seeking to put God's love into action, Habitat for Humanity brings people together to build homes, communities and hope. We serve the Greater Greensboro, NC area.

Ruling year info

1987

President and CEO

David Kolosieke

Main address

3826 W. Gate City Blvd.

Greensboro, NC 27407 USA

Show more contact info

EIN

56-1586870

Subject area info

Housing development

Christianity

Human services

Population served info

Children and youth

Adults

Economically disadvantaged people

NTEE code info

Housing Development, Construction, Management (L20)

Christian (X20)

Human Service Organizations (P20)

What we aim to solve

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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?

Habitat for Humanity of Greater Greensboro

Habitat for Humanity's operating program is to build, renovate and repair decent, affordable houses for low-income people.

Population(s) Served
Economically disadvantaged people

We build and renovate homes for low-income families.

Population(s) Served
Adults

Each potential homeowner must complete 350 hours of sweat equity which includes 80-100 hours of education programs. These classes include finance and budgeting, insurance, home maintenance, conflict resolution, wills, mortgages, banking, lawn care and gardening.

Population(s) Served
Adults

Habitat Greensboro works with homeowners in neighborhoods to address critical repairs, abandoned and foreclosed properties and other issues related to affordable housing.

Population(s) Served
Adults
Children and youth

Where we work

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 housing units built

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Home building and Renovations

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

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 vision is a world where everyone has a decent place to live. We have a strategic plan that states: By 2026, Habitat leads a collaborative model that serves low-income families across the continuum of affordable housing and ensures successful neighborhoods in strategically targeted areas in Greensboro. There are 4 tenets to this plan. They are 1. Habitat maintains healthy, ongoing relationships with its families. Habitat takes a leadership role in bringing non-profit and government partners together in a collaborative housing model. 3. Habitat and its partners increase the supply of quality, affordable housing and a ctively supports successful neighborhoods in Greensboro and across the world. 4. Habitat secures and stewards the resources required to support the mission of the organization.

Goal One
Habitat maintains healthy, ongoing relationships with its families
Objective One
Strengthen relationships with homeowners and provide them with the tools they need before, during and after the purchase with a focus on ensuring long term success
Goal Two
Habitat takes a leadership role in bringing non-profit and government partners together in a collaborative housing model
Objective One
Create a forum for regular dialogue between leaders of non-profits and governmental agencies involved in affordable housing
Objective Two
Create a Housing Hub that allows partners to share resources and facilitates referrals and collaborations
Goal Three
Habitat and its partners increase the supply of affordable housing and actively supports successful neighborhoods in Greensboro and across the world
Objective One
Work in collaboration with other housing non-profits, the UNCG Center for Housing and Community Studies, and the City of Greensboro to increase the supply of affordable housing
Objective Two
Actively foster and support strategies that promote success in neighborhoods
Objective Three
Increase tithe to HFHI and adopt 2nd country for Missions
Goal Four
Habitat secures and stewards the resources required to support the mission of the organization
Objective One
Secure financial resources needed to meet the house production goals
Objective Two
Secure financial resources needed to meet special projects
Objective Three
Raise community awareness of the impact of Habitat Greensboro
Objective Four
Faithfully steward resources and create environment of transparency and accountability
Objective Five
Supports mission of the organization through volunteer engagement
Objective Six
Advocate for Affordable Housing in Greensboro and across the world
Objective Seven
A healthy, productive, and diverse workforce

Habitat staff and board of directors have worked together to formalize a comprehensive three year plan to meet these goals. The Leadership Team of the organization is tasked with meeting the goals and staying on course. Each Board Committee that oversees the day-to-day operations is also tasked with ensuring the accomplishment of the goals as set forward by the strategic plan.

This new plan is in process now so most of the work has started but has not been accomplished as yet. We have established a core group of affordable housing nonprofits and have committed to a building for the Housing Hub. We have begun pre and post purchase classes for Habitat and non-Habitat homeowners. We have begun meeting with neighborhood leaders to recruit Block Captains for Revitalization project. We have met with UNCG Center for Housing and Community Studies to analyze recent data on Greensboro neighborhoods. We are in process to determine scope and size of budget to begin the fundraising for these projects.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, We don’t have the right technology to collect and aggregate feedback efficiently, It is difficult to find the ongoing funding to support feedback collection

Financials

Habitat for Humanity of Greater Greensboro
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

1.03

Average of 0.73 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

4.3

Average of 2.9 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

20%

Average of 25% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Habitat for Humanity of Greater Greensboro

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Habitat for Humanity of Greater Greensboro

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Habitat for Humanity of Greater Greensboro

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Habitat for Humanity of Greater Greensboro’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $501,917 -$313,759 $429,769 $420,347 -$4,205
As % of expenses 10.6% -7.5% 11.1% 11.5% -0.1%
Unrestricted surplus (deficit) after depreciation $384,259 -$437,299 $307,168 $307,679 -$93,458
As % of expenses 7.9% -10.1% 7.7% 8.1% -2.9%
Revenue composition info
Total revenue (unrestricted & restricted) $4,613,677 $3,819,850 $4,154,286 $3,914,860 $3,691,657
Total revenue, % change over prior year 17.4% -17.2% 8.8% -5.8% -5.7%
Program services revenue 30.1% 33.7% 26.6% 37.4% 30.1%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.1% 0.2% 0.2% 0.2% 0.6%
Government grants 1.4% 1.8% 10.7% 12.6% 5.4%
All other grants and contributions 37.7% 35.0% 33.1% 20.0% 40.2%
Other revenue 30.6% 29.4% 29.5% 29.8% 23.7%
Expense composition info
Total expenses before depreciation $4,716,865 $4,193,066 $3,857,156 $3,667,444 $3,173,844
Total expenses, % change over prior year 8.4% -11.1% -8.0% -4.9% -13.5%
Personnel 40.6% 44.4% 38.5% 39.5% 53.6%
Professional fees 3.5% 4.5% 3.6% 5.2% 10.8%
Occupancy 7.3% 8.0% 8.9% 8.3% 7.7%
Interest 1.1% 1.3% 1.1% 0.7% 0.7%
Pass-through 1.0% 0.7% 1.0% 1.4% 1.6%
All other expenses 46.4% 41.0% 46.8% 44.9% 25.5%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $4,834,523 $4,316,606 $3,979,757 $3,780,112 $3,263,097
One month of savings $393,072 $349,422 $321,430 $305,620 $264,487
Debt principal payment $275,466 $0 $539,704 $313,708 $0
Fixed asset additions $0 $0 $0 $0 $94,050
Total full costs (estimated) $5,503,061 $4,666,028 $4,840,891 $4,399,440 $3,621,634

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 0.4 1.4 3.1 3.6 4.3
Months of cash and investments 15.5 18.3 21.2 21.0 22.1
Months of estimated liquid unrestricted net assets 18.8 20.3 21.7 24.4 27.9
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $153,927 $482,274 $985,338 $1,113,063 $1,126,527
Investments $5,954,377 $5,926,992 $5,842,791 $5,309,014 $4,728,395
Receivables $383,908 $183,067 $161,094 $227,250 $275,986
Gross land, buildings, equipment (LBE) $2,602,965 $2,601,218 $2,589,870 $2,351,194 $2,298,391
Accumulated depreciation (as a % of LBE) 25.9% 29.4% 33.8% 35.8% 34.2%
Liabilities (as a % of assets) 14.7% 18.5% 13.9% 9.7% 14.6%
Unrestricted net assets $8,069,191 $7,631,892 $7,939,060 $8,246,739 $8,153,281
Temporarily restricted net assets $699,532 N/A N/A N/A N/A
Permanently restricted net assets $149,839 N/A N/A N/A N/A
Total restricted net assets $849,371 $715,508 $612,604 $452,291 $952,557
Total net assets $8,918,562 $8,347,400 $8,551,664 $8,699,030 $9,105,838

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

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

Documents
Form 1023/1024 is not available for this organization

President and CEO

David Kolosieke

David Kolosieke, joined Habitat Greensboro as its chief financial officer in late 2016, came to Habitat from First Presbyterian Church in Greensboro where he served as the director of finance and operations for 10 years. Kolosieke brings a wealth of nonprofit experience to his new office with more than three decades of leadership in finance and operations management. He holds a degree in public accounting from Loyola University, Chicago and a BS in elementary education from Loyola University.

Number of employees

Source: IRS Form 990

Habitat for Humanity of Greater Greensboro

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Habitat for Humanity of Greater Greensboro

Board of directors
as of 05/07/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Wayne Young

Allen Tate

Term: 2023 - 2022

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Dede Potter

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Community Leader

Ginger Craig

Leadership & Executive Leadership Consultant

James Harmon

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Amina Memon

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David Millsaps

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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 ? Yes
  • 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? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 5/7/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 03/28/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.