Habitat for Humanity Winnipeg

60 Archibald Street
Winnipeg, MB R2J 0V8
CEO: Sandy Hopkins
Board Chair: Margaret Haworth-Brockman

Website: www.habitat.mb.ca
Charitable Reg. #: 11930 1034 RR0001
Sector: Social Services - Housing
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #36

Avg. Compensation $47,743

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 6
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Habitat for Humanity Winnipeg:

Founded in 1987, Habitat for Humanity Winnipeg (HFH Winnipeg) mobilizes volunteers and community partners to build affordable housing for low-income families. It promotes a homeownership business model as a means to break the poverty cycle, as all Habitat for Humanities do. Volunteers and partner families build Habitat homes with donated materials and labor, partner families buy the homes from HFH Winnipeg with interest-free mortgages, and all mortgage payments are used to purchase more land for future homes.

HFH Winnipeg’s ReStore retail profits cover overhead costs. ReStore sells donated building supplies, home furnishing, appliances, and décor at a reduced rate. In April 2016, Habitat for Humanity Winnipeg started a new social enterprise called Habitat Handyman. All Handyman profits go back into HFH Winnipeg to help with its Habitat Builds homeownership program. Habitat Handyman offers home repair services and renovation services. HFH Winnipeg reports that over the first nine months of operations, Habitat Handyman received 498 general inquiries that resulted in 265 quotes and 115 completed jobs, including 20 repeat customers.

HFH Winnipeg’s keystone program, Habitat Builds, is a homeownership program for low-income families in need of safe and affordable housing. In 2016, HFH Winnipeg reports finishing 12 Habitat homes in Winnipeg and 8 more outside the city. The charity also started 10 new homes in Winnipeg and three in Manitoba Chapters of Springfield, Gimli & District and Selkirk. In its 2016 annual report, HFH Winnipeg lists 19 new partner families: 11 in Winnipeg, two in Brandon, and one in each of Virden, Portage La Prairie, Selkirk, Springfield and Gimli & District.

Based on a research report conducted by Boston Consulting Group in 2015, every Habitat home built by HFH generates $175,000 worth of social benefit over a 25-year period for a partner family. Social benefits include improved health and happiness, as well as improved employment and education opportunities. BCG also found that Habitat homeowners decrease their food bank usage after moving into their homes, and their children have lower high school drop-out rates and are more likely to earn a post-secondary degree.

In 2016 HFH Winnipeg completed the Sir Sam Steele Development project that started in 2009. The project converted an abandoned school into 50 homes for partner families. The charity estimates that the environmental benefits of these new homes include a 50% reduction in energy consumption and a 33% reduction in water consumption. In terms of tax impact, HFH Winnipeg estimates that over the next 25 years, this development project will produce $13.1m in value to the community.

Financial Review:

Habitat for Humanity Winnipeg is a medium-sized charity with total donations and special events fundraising of $3.4m in F2016. Administrative costs are 6% of revenues and fundraising costs are 8% of donations and special events fundraising. Per dollar donated to the charity, $0.86 goes towards its programs, which falls within Ci’s reasonable range for overhead spending. HFH Winnipeg’s interest-bearing liabilities exceed liquid assets; debt of $5.7m exceeds cash reserves of $1.7m. HFH Winnipeg’s negative funding reserves indicate a funding need.

This charity report is an update that is currently being reviewed by Habitat for Humanity Winnipeg. Comments and edits may be forthcoming.

Updated on June 16, 2017 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December
201620152014
Administrative costs as % of revenues 5.9%4.7%4.0%
Fundraising costs as % of donations 8.3%6.8%5.3%
Program cost coverage (%) (81.6%)(64.9%)(63.8%)

Summary Financial Statements

All figures in $000s
201620152014
Donations 2,7942,9503,500
Goods in kind 335460233
Fees for service 1,1911,3661,294
Business activities (net) 1,028972811
Special events 558634611
Investment income 10159
Other income 10749126
Total revenues 6,0236,4486,585
Program costs 4,8966,3965,453
Administrative costs 356303262
Fundraising costs 279245216
Other costs 219214196
Cash flow from operations 274(711)458
Funding reserves (3,993)(4,148)(3,481)
Note: Ci reported trust funds received from HFH Canada of $342k in F2015 in donations, increasing total revenues. Ci reported ReStore and Handyman revenues net of direct expenses except amortization, decreasing revenues and expenses by $1.5m in F2016, $1.2m in F2015 and $941k in F2014. Ci reported interest income in investment income, increasing total revenues by $10k in F2016, $15k in F2015 and $9k in F2014. Ci reported mortgage receivable payments received during the year and changes in refundable deposits and prepaid expenses in fees for services, increasing revenues by $1.2m in F2016, $1.4m in F2015 and $1.3m in F2014. Ci did not report transfer prices of residential properties of $4.1m in F2016, $5.8m in F2015 and $4.8m in F2014, decreasing total revenues accordingly. Ci reported Habitat for Humanity affiliation fees in administrative costs, increasing expenses by $151k in F2106, $65k in F2105 and $66k in F2014. Ci reported interest on long-term debt in other costs, increasing expenses by $183k in F2016, $186k in F2015 and $173k in F2014. Ci reported acquisition and construction of residential property instead of cost of residential properties in program costs, affecting expenses by ($404k) in F2016, ($553k) in F2015 and ($495k) in F2014.

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