PLATINUM2023

Fort Collins Habitat for Humanity Subordinate

Fort Collins, CO   |  www.fortcollinshabitat.org
GuideStar Charity Check

Fort Collins Habitat for Humanity

EIN: 84-1217901  Subordinate info


Mission

Seeking to put God's love into action; Habitat for Humanity brings people together to build homes, communities and hope.

Ruling year info

1987

Executive Director and CEO

Ms. Kristin Candella

Main address

4001 S Taft Hill Rd

Fort Collins, CO 80526 USA

Show more contact info

EIN

84-1217901

Subject area info

Housing development

Christianity

Population served info

Families

NTEE code info

Housing Development, Construction, Management (L20)

Christian (X20)

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

What we aim to solve

SOURCE: Self-reported by organization

We've all felt it. Housing has become scarce and expensive in Northern Colorado as the economy has boomed in our area. The median price for a single-family home in Fort Collins in July 2022 was $568,000; that's a 13.9% increase compared to last year. According to Redfin homes in Fort Collins sell after 29 days on the market on average. This may be good news for homeowners, but it can be catastrophic for those who simply don't have the income to buy a home or pay skyrocketing rents. In fact, nearly a third of households in Fort Collins are paying more than 50% of their income for housing, when 30% of income is considered the top limit of what is affordable and sustainable. These aren't just statistics. These are people; they are firefighters, hair stylists, and bank tellers. They are part of our community, part of our economy. Many are forced to move from place to place to avoid rent increases and others just have to move farther away from jobs and schools, or leave the area entirely.

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?

Homeowner Services Program

To build decent, affordable houses for families earning a low to moderate income.

Population(s) Served
Families

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 volunteers

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Hours of volunteer service

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of corporate volunteers

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of returning volunteers

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

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
Population(s) Served

Adults

Related Program

Homeowner Services Program

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

In 2017, Habitat closed on 6 houses which became home to 22 people. In 2018, Habitat closed on 2 houses and in 2019, Habitat closed on 6 houses.

Number of applications for housing received from targeted population

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

Adults

Related Program

Homeowner Services Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of overall donors

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Number of first-time donors

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Average number of dollars given by new donors

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

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.

Today, in our community, homeownership is possible for hardworking families, one that builds a path for future success thanks to Habitat for Humanity and our community of volunteers and supporters.

Today, families are able to build and buy their own homes. The security of this investment, of a reliable, affordable mortgage, will allow them to weather hardships. Stability serves as a launching pad for self-reliance. With a strong base and solid structure, Habitat homeowners can build the independence they need for true freedom and opportunity.

And that’s more than just a roof over a family’s head.

Families earning a low-to-moderate income are most vulnerable to the pitfalls of the housing market, at the mercy of external forces. Habitat homeowners invest in themselves and their futures, building stability, financial security, and community connection, empowering them for long-term success.

With the support of generous donors, we provide the building materials. We also mobilize volunteers (over 2,700 in 2021) to build the house.

This is not a hand out. The future homeowner has to contribute, too.

"Partners" (as we call our homeowners) pay Habitat a zero percent fixed-rate mortgage payment that does not exceed 28% of their income. They contribute $1,500 towards closing costs and up to 400 hours in "sweat equity" building their own home and those of others.

Habitat also provides families the necessary know-how to be successful homeowners. Prior to closing, families participate in a series of six homeowner education classes and a nine-week program to help them budget and manage their money.

Driven by the vision that everyone needs a decent place to live, Fort Collins Habitat has partnered with families for more than 25 years to build places that they can call home.

Our work focuses on increasing access to homeownership and housing finance, improving housing affordability, helping our community prepare for and respond to natural disasters, and building strong and resilient neighborhoods.

While we celebrate the many individuals served by Habitat who have a safe place to rest their head each night in Fort Collins, there are thousands more without adequate housing. This level of need requires action so we invite you to join us. Together we can build strength, stability, and self-reliance alongside hardworking families and all of Fort Collins can thrive.

Now celebrating our 27th Anniversary, Fort Collins Habitat is proud to have built more than 75 homes across Fort Collins, providing a safe, stable and affordable housing solution.

Our work today also includes advocacy which advances access to adequate and affordable housing locally and globally through changing policy and systems.

We are proud of the work that we have done in our 29 years of service in Fort Collins but we know there is so much more to be done. We are experiencing an affordable housing crisis in Fort Collins. In Fort Collins alone, there are over 10,000 households that could qualify to become Habitat homeowners. That coupled with the rising costs of construction, has many families earning a low to moderate-income searching for the stability of an affordable home and turning to Habitat for a solution.

In the next 2 years we will build the remaining 24 homes at our largest development to date, the Harmony Cottages. Once completed, this neighborhood will house 48 local families; that is stable and affordable homeownership for approximately 144 people.

Financials

Fort Collins Habitat for Humanity
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 2022 info

SOURCE: IRS Form 990

1.13

Average of 0.45 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.3

Average of 2.2 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

20%

Average of 14% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Fort Collins Habitat for Humanity

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Fort Collins Habitat for Humanity

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

Fort Collins Habitat for Humanity

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Fort Collins Habitat for Humanity’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 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$135,829 $480,455 $220,386 $711,317 $171,385
As % of expenses -3.9% 13.9% 5.7% 20.8% 3.2%
Unrestricted surplus (deficit) after depreciation -$153,296 $459,537 $198,780 $692,135 $154,055
As % of expenses -4.3% 13.2% 5.1% 20.2% 2.9%
Revenue composition info
Total revenue (unrestricted & restricted) $3,213,998 $4,376,873 $4,197,116 $4,481,549 $6,218,115
Total revenue, % change over prior year 2.4% 36.2% -4.1% 6.8% 38.7%
Program services revenue 45.4% 22.0% 21.9% 23.2% 27.7%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 6.0% 7.8% 6.9%
All other grants and contributions 30.4% 49.8% 50.2% 46.8% 34.5%
Other revenue 24.2% 28.2% 21.8% 22.2% 30.9%
Expense composition info
Total expenses before depreciation $3,511,647 $3,468,946 $3,875,955 $3,414,332 $5,275,692
Total expenses, % change over prior year 60.1% -1.2% 11.7% -11.9% 54.5%
Personnel 25.6% 28.3% 27.5% 28.9% 25.1%
Professional fees 2.2% 0.7% 0.6% 1.0% 1.2%
Occupancy 3.5% 3.5% 2.9% 1.8% 1.6%
Interest 0.3% 1.2% 1.9% 1.8% 1.0%
Pass-through 1.1% 1.2% 1.1% 1.7% 1.1%
All other expenses 67.3% 65.1% 66.0% 64.9% 69.9%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $3,529,114 $3,489,864 $3,897,561 $3,433,514 $5,293,022
One month of savings $292,637 $289,079 $322,996 $284,528 $439,641
Debt principal payment $246,836 $0 $124,093 $490,028 $691,117
Fixed asset additions $20,191 $21,275 $0 $0 $62,009
Total full costs (estimated) $4,088,778 $3,800,218 $4,344,650 $4,208,070 $6,485,789

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.9 3.5 3.1 1.6 2.3
Months of cash and investments 0.9 3.5 3.1 1.6 2.3
Months of estimated liquid unrestricted net assets 7.1 8.8 9.4 13.1 8.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $271,447 $1,002,555 $1,002,180 $467,789 $1,009,071
Investments $0 $0 $0 $0 $0
Receivables $581,929 $680,196 $1,054,423 $1,166,188 $1,369,215
Gross land, buildings, equipment (LBE) $538,766 $560,044 $561,413 $563,202 $625,211
Accumulated depreciation (as a % of LBE) 47.2% 49.1% 52.8% 56.1% 53.3%
Liabilities (as a % of assets) 23.5% 43.0% 38.4% 28.1% 18.2%
Unrestricted net assets $2,363,719 $2,823,256 $3,022,036 $3,714,171 $3,868,226
Temporarily restricted net assets $155,540 $583,012 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $155,540 $583,012 $683,787 $1,039,687 $1,688,242
Total net assets $2,519,259 $3,406,268 $3,705,823 $4,753,858 $5,556,468

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

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

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director and CEO

Ms. Kristin Candella

Number of employees

Source: IRS Form 990

Fort Collins Habitat for Humanity

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.

Fort Collins Habitat for Humanity

Board of directors
as of 01/24/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Landon Hoover

Hartford Homes

Term: 2021 - 2023

Jim Shumaker

Retired

Ken Roper

Retired

Rex Smithgall

Bank of Colorado

Connie Hanrahan

Mantooth Marketing

Rick Belt

Retired

Jeff Solomonson

Thrivent Financial

Mitch Majeski

Peak Solutions

Hugh Grinolds

Retired

Luke McFetridge

Noble Ventures

Kara Jones

Eide Bailly

Travis Storin

City of Fort Collins

Organizational demographics

SOURCE: Self-reported; last updated 8/22/2022

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
Female
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data