Better Business Bureau Report for
Cincinnati Habitat for Humanity

Better Business Bureau Report issued March 2012
Better Business Bureau Report expires March 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Cincinnati Habitat for Humanity
Address: 4910 Para Drive
  Cincinnati, OH 45069
Phone: (513) 621-4147
Web Address: www.cincinnati-habitat.org
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Better Business Bureau Comments

Year, State Incorporated: 1986, Ohio
Affiliates: Habitat for Humanity International

Stated Purpose: To eliminate substandard housing by building and renovating simple, decent, affordable homes to sell to low income families in need.

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Evaluation Conclusions

              

Cincinnati Habitat for Humanity meets the 20 Standards for Charity Accountability.
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BBB Accreditation

              

A BBB Accredited Charity since 05/07/2008.

BBB has determined that in addition to meeting BBB's 20 Standards for Charity Accountability, Cincinnati Habitat for Humanity adheres to the BBB Code of Business Practices, which includes a commitment to make a good faith effort to resolve any complaints.  Charities that display the BBB Accredited Charity Seal pay a fee for review / monitoring and for support of BBB's services to the public. 

BBB accreditation does not mean that the charity's programs or services have been evaluated or endorsed by BBB or that BBB has made a determination as to the charity's competency in performing services.

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Programs

              

Cincinnati Habitat for Humanity builds houses with the assistance of volunteers in partnership with families in need. The charity uses donated funds and materials where possible and then sells the houses at no profit through interest-free mortgages. Cincinnati Habitat for Humanity is not a give away program. To qualify, each partner family is evaluated and selected based upon their need for housing, ability to pay (typical Habitat mortgage about $400), and willingness to partner. Part of that partnership includes each family completing 500 hours of “sweat equity,” of which is used to build and obtain the family's purchased home. Monthly mortgage payments go into a “Fund for Humanity” account that provides necessary resources to build additional houses. Both families and volunteers are a giving part of each project. According to the organization, in 2010 Cincinnati Habitat for Humanity successfully built and rehabilitated 14 different homes in the Cincinnati area, providing a better future for over 60 families.

For the fiscal year ended June 30, 2010, Cincinnati Habitat for Humanity's program expenses were:

  
Program Services 2,519,638
Total Program Expenses: $2,519,638
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Governance

              

Chief Executive : Mr. Ed Lee, Executive Director
Compensation*:
$19,292

Highest Paid Executive: Mr. Thomas Salzbrun, Former Executive Director
Compensation*: $93,685

Chair of the Board: Mr. Paul Knue
Chair's Profession / Business Affiliation: Retired, The Cincinnati and Kentucky Post

Board Size: 21

Paid Staff Size: 5

*Compensation information for Mr. Ed Lee, Current Executive Director, was not available at the time this report was completed, because Mr. Lee had not yet completed one year in this position. Compensation information for Mr. Thomas Salzbrun, Former Executive Director, includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.

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Fund Raising

              

Method(s) Used:

direct mail, invitations to fundraising events, print advertisements, grant proposals, Internet, planned giving arrangements, membership
Fundraising costs were 12% of related contributions. (Related contributions, which totaled $1,861,831, are donations received as a result of fundraising activities.)
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Tax Status

              

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.
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Financial

              

The following information is based on Cincinnati Habitat for Humanity's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
Cash Contributions 1,627,370
Transfers to Homeowners 1,065,152
In-Kind Contributions 234,461
Mortgage Loan Discount Amortization 230,099
ReStore Sales 63,646
Other Revenue 4,240
Interest Income 1,474
Net Investment Gain (Loss) on Marketable Securities 266
Net Investment Loss on Disposal of Equipment -5,009
Total Income $3,221,699


chart



Uses of Funds as a % of Total Expenses

Programs: 84%  Fund Raising: 8%  Administrative: 8% 

Total income   $3,221,699
  Program expenses $2,519,638
  Fund raising expenses 226,400
  Administrative expenses 237,085
 
Total expenses   $2,983,123
Income in Excess of Expenses   238,576
Beginning net assets   4,969,435
Ending net assets   5,208,011
Total liabilities   562,659
Total assets   $5,770,670


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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