Habitat for Humanity Regina
Regina, SK S4N 2H7
CEO: Kelly Holmes-Binns
Board Chair: Terry Heavisides
Charitable Reg. #: 89192 7030 RR0001
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Impact Rating: Low
Full-time staff #24
Avg. Compensation $28,562
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||3|
|$40k - $80k||7|
About Habitat for Humanity Regina:
Founded in 1993, Habitat for Humanity Regina (HFH Regina) shares the common Habitat for Humanity mission of mobilizing volunteers and community partners in building affordable housing and promoting homeownership as a means of breaking the cycle of poverty. Most of the charity’s activities are in Regina, but it also runs chapters in Moose Jaw, Weyburn, and Yorkton.
Habitat for Humanity Regina’s homeownership program is a hand up, not a handout – Habitat houses are given to families who put in 500 hours of ‘sweat equity’ as a down payment. HFH Regina states that mortgage payments are capped at 25% of the family’s gross annual income, and mortgage payments go into Habitat Regina’s Fund for Humanity to fund future builds. HFH Regina has built more than 70 homes (its chapters have built 12) and aims to build 100 more in the next five years.
Habitat for Humanity Regina states that its capped mortgage payment model leads to improved financial standing of partner families, which decreases families’ dependence on social services and increases families’ contributions to the community and economy.
Habitat for Humanity Regina is a medium-sized charity with total donations of $1.3m in F2014. Administrative costs are 6% of revenues and fundraising costs are 2% of donations. Per dollar donated to the charity, $0.92 goes towards its programs, which falls just within Ci’s reasonable range for overhead spending.
Habitat for Humanity Regina’s net negative funding reserves are largely due to a $1.4m loan, details of which were redacted on the financial statements received by Ci from the Canada Revenue Agency. Since interest-bearing debts exceed liquid assets, the charity cannot cover annual program costs, indicating a funding need.
F2014 figures represent the most recent financial information Ci received after making a formal request with Canada Revenue Agency.
This charity report is a new profile that is currently being reviewed by the charity. Comments and edits may be forthcoming.
Created on August 23, 2017 by Katie Khodawandi.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||6.4%||3.5%|
|Fundraising costs as % of donations||1.7%||2.9%|
|Program cost coverage (%)||(26.6%)||62.4%|
Summary Financial StatementsAll figures in $s
|Fees for service||0||0|
|Business activities (net)||587,248||698,044|
|Cash flow from operations||(769,228)||264,867|