Habitat for Humanity Edmonton

8210 Yellowhead Trail NW
Edmonton, AB T5B 1G5
President & CEO: Karen Stone
Board Chair: Ian MacDonald

Charitable Reg. #:12944 3966 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]



Audited financial statements for current and previous years available on the charity’s website.



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 46 cents are available for programs.

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About Habitat for Humanity Edmonton:

Habitat for Humanity Edmonton is a 3-star charity. It has an A results reporting grade, which is above average. For every dollar donated, 46 cents are available to go to the cause, which is outside Ci's reasonable range. 

Founded in 1991, Habitat for Humanity Edmonton (HFHE) provides affordable housing to low-income families living in Edmonton and Northern Alberta. It is one of Habitat for Humanity’s 46 affiliates. HFHE runs an affordable home ownership program to help local families break barriers to a healthier and more financially stable life. Habitat for Humanity Edmonton also runs a home buy-back program. When a family graduates from Habitat Homeownership, they sell their home back to HFHE to receive their accumulated equity. That home is then available to serve another family who needs access to affordable home ownership.

In F2022 Habitat for Humanity Edmonton helped 43 families move into new and buy-back homes. The charity reported that 40 of these families received their homes through its buy-back program. This is a 48% increase from F2021, where the charity housed 27 families through its buy-back program. Habitat for Humanity Edmonton reported 60 mortgages were signed in F2022. Habitat for Humanity Edmonton expects to construct ten new homes in F2023. 

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Results and Impact

In 2015, Boston Consulting Group conducted an impact analysis on Habitat for Humanity Canada (evaluating the impact of Habitat homes, which are built by Habitat affiliates). The evaluation found that each partner family housed in a Habitat Home generates $175,000 in measurable benefits to society.

This charity will soon be rated on impact. HFHE recently restructured its housing program to focus on buy-back's (repurchases) of houses. Ci expects this change will affect HFHE's impact rating. Ci has yet to measure HFHE's impact with its new model. 

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Habitat for Humanity Edmonton received $969k in cash donations in F2022. This is a 10% decrease compared to $1.1m in F2021 and a 58% decrease compared to $2.3m in F2020. The charity received $349k in donated goods in kind in F2022 and $202k in government funding. Administrative costs are 17% of revenues (excluding investment income) and fundraising costs are 34% of donations (including goods in kind). As such, Habitat for Humanity Edmonton has total overhead spending of 54%. For every dollar donated to the charity, 46 cents are available to go to the cause, which is outside of Ci’s reasonable range of overhead spend.

Habitat for Humanity Edmonton’s funding reserves are ($25.6m). The charity has $5.1m in cash and investments. This is a 295% increase since F2020, where cash and investments totaled to $1.3m. HFHE has $26.7m in interest-bearing debt. Debt represents mortgages that Habitat Edmonton holds for its homes, which is repaid over time using mortgage payments from partner families. The charity's program cost coverage is negative as its interest-bearing debt is greater than its investments. 

In F2022, Habitat for Humanity Edmonton paid $104k in professional fees.

This report is an update that has been sent to Habitat Edmonton for review. Comments and edits may be forthcoming.

Updated on June 14, 2023 by Liam Chapleau.

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 17.2%12.4%16.3%
Fundraising costs as % of donations 37.0%43.5%22.5%
Total overhead spending 54.2%55.9%38.8%
Program cost coverage (%) (999.0%)(1,739.2%)(1,790.8%)

Summary Financial Statements

All figures in $000s
Donations 9691,0832,294
Goods in kind 349233250
Government funding 2022,4203,971
Fees for service 3,2133,3093,524
Business activities (net) 1,4641,2311,057
Investment income (347)27684
Other income 7,0977,6251,374
Total revenues 12,94716,17712,554
Program costs 1,5841,3671,435
Donated goods exp 349233250
Administrative costs 2,2851,9742,029
Fundraising costs 359471516
Other costs 876786872
Total spending 5,4544,8325,101
Cash flow from operations 7,49311,3457,453
Capital spending 3363123
Funding reserves (21,614)(23,782)(25,694)

Note: Ci removed ReStore amortization, increasing revenues by $52k in F2022, $60k in F2021, and $35k in F2020. Ci adjusted for deferred revenue, impacting revenue by $960k in F2022, ($826k) in F2021, and ($488k) in F2020. Ci accounted for rental payments recognized as income, increasing revenue by $248k in F2022, $59k in F2021, and $56k in F2020. Ci accounted for tenancy payments, increasing revenue by $295k in F2022, $675k in F2021, and $1.1m in F2020. Ci accounted for mortgage payments from its first mortgages, increasing revenue by $2.6m in F2022, $2.6m in F2021, and $2.3m in F2020. Ci accounted for HFHE’s forgivable second mortgage payments, increasing revenue by $26k in F2022, ($nil) in F2021, and $25k in F2020. Ci accounts for business activities on a revenue net expense basis. As such, business activities, due to ReStore and Prefab, decreased revenue by ($4.2m) in F2022, ($3.9m) in F2021, and ($3.0m) in F2020. Ci removed General and Administrative amortization, decreasing expenses by ($98k) in F2022, ($94k) in F2021, and ($92k) in F2020. Ci removed program expense amortization to report on a cash-flow basis, decreasing expenses by ($600) in F2022, ($2.9k) in F2021, and ($4.5k) in F2020.

Salary Information

Full-time staff: 84

Avg. compensation: $58,456

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.hfh.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (780) 479-3566


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Charitable Registration Number: 80340 7956 RR0001