Indian River County Habitat for Humanity, Inc. Subordinate
Together, We Build
Indian River County Habitat for Humanity, Inc.
EIN: 65-0230079 Subordinate
as of September 2024
as of September 09, 2024
Mission
Seeking to put Gods love into action, Indian River Habitat for Humanity develops housing solutions guided by the needs of its family partners and the community. With a deep sense of compassion and a commitment to service, we work hand in hand with our family partners, volunteers, and community stakeholders to create lasting change. Our mission goes beyond constructing houses; it is a transformative journey that uplifts and empowers. We listen to the needs of our family partners and collaborate with them to create tailored housing solutions that meet their unique circumstances. Through our work, we strive to break the cycle of poverty and create a path towards self-reliance and dignity. As we continue to advance the Habitat mission, we seek to expand our reach and strengthen the impact.
Notes from the nonprofit
For over 30 years, Indian River Habitat for Humanity has helped families achieve what seems to them an insurmountable goal: home ownership, building or renovating 516 new homes as of November 2022. We've served almost 1,000 low-income families through a combination of new construction, repair of existing homes and scholarships. Affiliated with the global Habitat for Humanity organization in 1991, Indian River Habitat for Humanity remains the only builder in Indian River County continually addressing the affordable housing need on large scale. Over ten years ago, Indian River Habitat launched its Neighborhood Revitalization (NR) Program to provide home repairs for low-to-moderate income families.
Ruling year
1987
President/CEO
Mr. Trevor Loomis
Main address
4568 N. US Highway 1
Vero Beach, FL 32967 USA
EIN
65-0230079
Housing development
Home repairs
Population served
Low-income people
Adults
Children and youth
NTEE code
Housing Development, Construction, Management (L20)
Home Improvement/Repairs (L81)
Housing Rehabilitation (L25)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Affiliations
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
According to the 2019 Indian River Community Foundation Community Assessment (IRCF-CA), (a) Housing is a major cost component of total household expense, and it is rising faster than wages; (b) 1/3 of the county’s households (over 20K) pay more than 30% of total income on housing with another 20% who are homeless or on waiting lists for government supported housing; and (c) insecure housing circumstances have a major negative effect on residents’ well-being and accomplishment” IRHFH seeks to address the above reality that a perennial housing crisis exists and that too many families cannot secure employment that supplies them with a living wage or the ability to afford safe, quality housing. We are entirely grateful for the public and private funding received over the years to implement ideas and practices that help to scale up the quality of life in Indian River County for all residents.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
New Home Construction
Indian River Habitat for Humanity was established in 1991 and its successful track record has benefited more than 900 families in need of simple, decent and affordable homes. Homeownership empowers working families, providing them with strength, stability, and self-reliance.
Neighborhood Revitalization
Neighborhood revitalization is a focused housing outreach program that brings communities together to help low-income homeowners with needed repairs.
This program creates new partnerships and empowers residents to revive their neighborhood while enhancing their quality of life.
Scholarship Program
The Indian River Habitat for Humnity educational scholarship program empowers our families to succeed in academics and life.
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of people no longer living in unsafe or substandard housing as a result of the nonprofit's efforts
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
The annual results reflect new construction, neighborhood revitalization repairs, and rehab/recycled homes.
Total number of volunteer hours contributed to the organization
This metric is no longer tracked.Totals By Year
Related Program
New Home Construction
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
Over the last two years, volunteer hours relate to new construction, neighborhood revitalization, and board membership.
Estimated dollar value of clothing and household goods donations
This metric is no longer tracked.Totals By Year
Related Program
New Home Construction
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
This metric depicts our environmental concern and the need to re-purpose household items in order to keep the amount of garbage in the landfills to a minimum. Sales fund 1 in 3 homes we build.
Number of children who have access to a stable home as a result of the work of Indian River Habitat for Humanity.
This metric is no longer tracked.Totals By Year
Related Program
New Home Construction
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Context Notes
We know that when children grow up in a safe, stable home environment their overall health is better and they achieve better grades in school.
Number of overall donors
This metric is no longer tracked.Totals By Year
Type of Metric
Context - describing the issue we work on
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Our core mission is to provide affordable housing through the notion of a ‘hand up’ and break the cycle of housing instability.
Our overarching goal is to ensure that our neighbors in Indian River County are educated about home ownership, contribute ‘sweat equity’ in building their own house, and – by taking ownership of that house – can greatly minimize or even eliminate the fear accompanying housing insecurity. When we are not afraid of losing the roof over our heads, we can be creative and better manage the future for ourselves and our families.
What are the organization's key strategies for making this happen?
5-Year Strategic Goals FY2023-FY2027
1. Increase capacity to design and build multiple housing communities throughout Indian River County to address the affordable housing crisis.
a. Establish sustainable financial and operational models to enable IRHFH to double annual housing production by 2027.
b. Acquire and develop land to facilitate 10 years of new home production in mixed-income neighborhoods.
c. Grow sources of sustainable revenue by establishing an organization-wide focus on philanthropy, engaging investors whose values and philanthropic dreams align with the IRHFH mission and vision.
2. Create a culture of innovation to provide multiple options for affordable housing to working families in need.
a. Utilize multi-family construction, third-party lending, and market-rate builder partnerships to increase access to homeownership for working families.
b. Expand the Neighborhood Revitalization program to serve 500 homeowners over 5 years.
3. Create and implement an organized government and community advocacy program.
a. Maximize government partnerships to fund workforce housing programs sustainably.
b. Effectively communicate the importance of affordable housing and the role of IRHFH to community stakeholders, creating an environment that is favorable to the development of affordable housing throughout Indian River County.
What are the organization's capabilities for doing this?
For over 31 years, we have been successful in meeting our goals in various ways:
1. Habitat’s homebuyer program offers families the ability to purchase a Habitat house with an affordable mortgage that does not require more than 30% of their monthly income.
2. Homebuyers receive down payment assistance through the State Housing Initiative Partnership Program (SHIP).
3. Through philanthropy and volunteers, Habitat can offer families a zero-interest loan for the life of the mortgage. Average mortgage payments vary based on the size of the home and the family situation.
4. Habitat works with low to moderate-income individuals needing critical home repairs. This program often enables homeowners to avoid displacement through:
• Roof replacement and repair, HVAC, aging-in-place modifications
• Repair projects following the same model as Habitat mortgages with zero-interest loans repaid by the homeowner
• Veteran funding enables Habitat to provide critical home repairs to Veterans without requiring repayment
What have they accomplished so far and what's next?
We expect to increase the trend in the number of homes built and the number of homes repaired. FY23 data is on track to surpass the 12 homes built or renovated and the 60 homes repaired in FY22. Habitat will double the production of houses built in five years while increasing the number of repair projects to 500. Several projects are currently in the planning stages in the Gifford area, Fellsmere, the West Vero corridor subdivision, and 37 more homes are planned for Oslo Park.
To accomplish this, we will continue to expand our volunteer base on the building site, with a critical home repair team, or in the ReStore. Volunteers contributed over 18,000 hours last year. These dedicated individuals provide labor that Habitat would otherwise contract out. Volunteers help keep mortgage and repair loan payments affordable for those we serve.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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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 make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, 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
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, 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
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback, Phone numbers & email addresses change often making it difficult to stay in touch
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
1.31
Months of cash in 2023 info
2.2
Fringe rate in 2023 info
15%
Funding sources info
Assets & liabilities info
Financial data
Indian River County Habitat for Humanity, Inc.
Revenue & expensesFiscal Year: Jul 01 - Jun 30
Indian River County Habitat for Humanity, Inc.
Balance sheetFiscal Year: Jul 01 - Jun 30
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.
Indian River County Habitat for Humanity, Inc.
Financial trends analysis Glossary & formula definitionsFiscal Year: Jul 01 - Jun 30
This snapshot of Indian River County Habitat for Humanity, Inc.’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.
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Business model indicators
| Profitability info | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $336,795 | $539,549 | $2,146,793 | $244,324 | $1,121,161 |
| As % of expenses | 6.3% | 11.5% | 45.3% | 4.6% | 16.0% |
| Unrestricted surplus (deficit) after depreciation | $297,434 | $501,999 | $2,106,403 | $202,882 | $951,429 |
| As % of expenses | 5.5% | 10.6% | 44.1% | 3.8% | 13.2% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $5,749,175 | $5,396,914 | $5,640,655 | $5,583,419 | $8,188,496 |
| Total revenue, % change over prior year | -8.7% | -6.1% | 4.5% | -1.0% | 46.7% |
| Program services revenue | 46.8% | 39.4% | 38.7% | 50.6% | 32.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.3% | 0.1% | 0.1% | 1.5% |
| Government grants | 0.8% | 2.5% | 4.3% | 0.9% | 11.1% |
| All other grants and contributions | 50.9% | 56.7% | 55.7% | 49.6% | 53.4% |
| Other revenue | 1.5% | 1.0% | 1.2% | -1.1% | 2.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $5,346,475 | $4,703,031 | $4,735,382 | $5,302,477 | $7,022,005 |
| Total expenses, % change over prior year | 3.8% | -12.0% | 0.7% | 12.0% | 32.4% |
| Personnel | 24.9% | 29.7% | 29.8% | 30.1% | 38.2% |
| Professional fees | 0.0% | 0.0% | 0.0% | 0.0% | 1.4% |
| Occupancy | 0.1% | 0.2% | 0.2% | 0.1% | 0.6% |
| Interest | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other expenses | 74.7% | 70.1% | 70.0% | 69.8% | 59.8% |
| Full cost components (estimated) info | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $5,385,836 | $4,740,581 | $4,775,772 | $5,343,919 | $7,191,737 |
| One month of savings | $445,540 | $391,919 | $394,615 | $441,873 | $585,167 |
| Debt principal payment | $0 | $0 | $1,616,036 | $100,399 | $88,012 |
| Fixed asset additions | $42,202 | $0 | $0 | $0 | $748,602 |
| Total full costs (estimated) | $5,873,578 | $5,132,500 | $6,786,423 | $5,886,191 | $8,613,518 |
Capital structure indicators
| Liquidity info | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Months of cash | 6.6 | 8.3 | 9.0 | 10.4 | 2.2 |
| Months of cash and investments | 6.6 | 8.3 | 9.0 | 10.4 | 7.2 |
| Months of estimated liquid unrestricted net assets | 19.4 | 24.2 | 25.6 | 26.5 | 20.6 |
| Balance sheet composition info | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Cash | $2,942,176 | $3,263,480 | $3,532,056 | $4,579,917 | $1,285,994 |
| Investments | $0 | $0 | $0 | $0 | $2,933,775 |
| Receivables | $5,463,628 | $5,790,370 | $6,084,325 | $6,479,933 | $6,681,262 |
| Gross land, buildings, equipment (LBE) | $8,548,703 | $8,504,962 | $8,513,179 | $7,207,686 | $7,904,383 |
| Accumulated depreciation (as a % of LBE) | 17.6% | 19.8% | 21.7% | 28.0% | 27.1% |
| Liabilities (as a % of assets) | 27.8% | 27.6% | 17.9% | 17.5% | 17.0% |
| Unrestricted net assets | $11,787,988 | $12,289,987 | $14,396,390 | $14,599,272 | $15,550,701 |
| Temporarily restricted net assets | $200,890 | N/A | N/A | N/A | N/A |
| Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
| Total restricted net assets | $200,890 | $355,224 | $384,410 | $421,028 | $466,360 |
| Total net assets | $11,988,878 | $12,645,211 | $14,780,800 | $15,020,300 | $16,017,061 |
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
President/CEO
Mr. Trevor Loomis
Prior to joining Indian River Habitat, Trevor Loomis served as Director of Homebuyer Services at Habitat for Humanity of Metro Louisville, Kentucky. In addition to his previous Habitat for Humanity experience, Loomis also brings with him his experience as Housing Manager over home repair at Louisville, KY Metro Government, as well as experience gained while on staff with the Louisville Coalition for the Homeless. Areas of knowledge and expertise include land acquisition, construction, and mortgage lending experience. He holds a Master of Arts degree in Anthropology from the University of Louisville and an MBA from Bellarmine University.
Loomis, a US veteran, served 9 years with the US Army, deployed three times to Iraq and Afghanistan. Serving his country and community have strongly influenced his life.
About relocating to Vero Beach with his wife, Martha, and their 3 sons, ages 6, 8 and eleven, Loomis says, “the mission of Habitat allows me to serve the community in which my family
Number of employees
Source: IRS Form 990
Indian River County Habitat for Humanity, Inc.
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Indian River County Habitat for Humanity, Inc.
Board of directorsas of 01/25/2024
Board of directors data
Mr. David Johnson
Northern Trust
Term: 2017 - 2023
Rev. Dr. Anna Copeland
Doug Vitunac
Collins, Brown, Caldwell, Barkett, Garavaglia & Lawn Chtd
Martin Bireley
The Beach Shop
Douglas L. Feek
DLF Packing, LLC & DLF Transport, LLC
Isabel Marron
iThink Financial
Rene J. Donars
Retired Marketing Executive
David Johnson
Northern Trust
Anna Copeland
Community Church Senior Leader
Bob Bauchmann
Retired Executive
Connie Poppell
Retired Banker
Dan Lautenbach
Retired Executive
Rick Hahn
Software Executive
Linda Faust
Physician
Sherri Kolodziejczak
Accounting Professional
Pat Gorman
Professional Golfer
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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? No
Organizational demographics
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
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 08/05/2021GuideStar 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
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- 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 disaggregate data by demographics, including race, in every policy and program measured.
- 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.
- 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 help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
- 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.
Contractors
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- Letter of Determination
- Officer and/or Employee data for 2023, 2022, 2021, 2020, 2019
- Contractor and/or Paid Preparer data for 2023, 2022, 2021
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