Greater Cleveland Habitat for Humanity meets the 20 Standards for Charity Accountability.
Greater Cleveland Habitat for Humanity (GCHFH) works to bring affordable housing to the Greater Cleveland area communities and the families. The organization builds, rehabs, and sells homes to families with an affordable mortgage while connecting them to the community through neighborhood revitalization projects. As reported by GCHFH, the organization connects people who earn 30-80% of the area?s median income ($22,800 - $60,800 for a family of 4) to homeownership, providing zero-interest mortgages, training, and partnership. In 2019, the organization reports welling 24 homes and engaging over 3,200 volunteers.
For the year ended December 31, 2019, Greater Cleveland Habitat for Humanity's program expenses were:
Program services |
$4,737,622 |
Total Program Expenses: |
$4,737,622 |
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.)
Fundraising costs were 12% of related contributions. (Related contributions, which totaled $2,789,531 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Greater Cleveland Habitat for Humanity's audited financial statements for the year ended December 31, 2019.
Source of Funds |
Contributions |
$2,606,041 |
ReStore sales, net |
$2,205,873 |
Home sales, net |
$1,797,500 |
Investment income |
$201,763 |
Grants |
$119,997 |
Special events, net |
$63,493 |
Service fees and other income |
$39,987 |
Rental income |
$4,800 |
Total Income |
$7,039,454 |
- Programs: 89%
- Fundraising: 6%
- Administrative: 5%
Total Income |
$7,039,454 |
Program expenses |
$4,737,622 |
Fundraising expenses |
$322,596 |
Administrative expenses |
$321,660 |
Other expenses |
$0 |
Total expenses: |
$5,381,878 |
Income in Excess of Expenses |
$1,657,576 |
Beginning Net Assets |
$6,377,580 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$8,035,156 |
Total Liabilities |
$3,479,047 |
Total Assets |
$11,514,203 |
Note: According to GCHFH's 2019 audited financial statements, the organization received in-kind contributions of $2,232,080 in inventory contributed for sale at ReStore.