Habitat for Humanity Southern Alberta
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
67%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.
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OVERVIEW
About Habitat for Humanity Southern Alberta:
Habitat for Humanity Southern Alberta is a 2-Star charity. It has Low demonstrated impact. The charity has a B Results Reporting grade which is average. Its overhead spending is within Ci’s reasonable range. Its reserves can cover program costs for ten months, which is within Ci’s reasonable range.
Founded in 1990, Habitat for Humanity Southern Alberta (HFHSA) is affiliated with Habitat for Humanity Canada and it runs the Habitat Homeownership program in Southern Alberta. It provides affordable housing ownership to low income families in Brooks, Calgary, Foothills, Medicine Hat, and Mountain View. HFHSA says over 4,000 people in Calgary are on waitlists for social housing. It spent $9.1m on its program in 2024.
Homeownership is HFHSA’s sole program. To be eligible for a home: families must have a minimum annual income of $40k (maximum depends on family size); families must have children under 18; families must not be able to qualify for a regular mortgage; and families must volunteer 500 hours through HFHSA’s programs. Families buy their Habitat home with no down payment or interest, and monthly payments are capped at 30% of their income.
HFHSA operates ReStore, a business that sells new or lightly used donated building materials and furniture. The charity reports that its ReStores diverted over 3,400 tonnes of waste in 2024.
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Results and Impact
Habitat for Humanity Southern Alberta surveyed Habitat homeowners. 85% of homeowners felt it is easier to plan for the future since living in their home; 92% of homeowners say they experience less stress related to housing after moving into their home; and there is a 60% decrease in food bank usage by Habitat homeowners. While Ci highlights these results, it may not completely represent HFHSA's results and impact.
The charity is rated Low for demonstrated impact per dollar spent.
Impact Rating: Low
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Finances
Habitat for Humanity Southern Alberta received $3.6m in donations in 2024, which is 38% of revenue. It received $1.9m in government funding, $3.6m in fees for service, and $835k in investment income.
The charity spent $9.1m on its programs in 2024, which is 95% of revenue. HFHSA ran a deficit of $2.1m, meaning it drew on its reserves to fund its programs. The charity spent $484k on fundraising (13% of donations) and it spent $1.8m on administration, which is 20% of revenue (less investment income). For every dollar donated to the charity, 67 cents are available to go to the cause, which is within Ci’s reasonable range.
It has $7.8m in its reserves (cash and investments), which can cover program costs for ten months. This is within Ci’s reasonable range.
Updated on June 18, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending December
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 20.2% | 17.4% | 31.5% |
| Fundraising costs as % of donations | 13.3% | 21.2% | 33.5% |
| Total overhead spending | 33.4% | 38.6% | 65.0% |
| Program cost coverage (%) | 85.7% | 159.2% | 95.7% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 3,640 | 2,156 | 1,414 |
| Goods in kind | 37 | 183 | 176 |
| Government funding | 1,909 | 2,602 | 802 |
| Fees for service | 3,645 | 2,956 | 2,615 |
| Business activities (net) | 1,273 | 1,820 | 1,334 |
| Investment income | 835 | 680 | 444 |
| Other income | (1,751) | (323) | (1,077) |
| Total revenues | 9,588 | 10,073 | 5,710 |
| Program costs | 9,081 | 5,526 | 5,765 |
| Donated goods exp | 37 | 183 | 176 |
| Administrative costs | 1,764 | 1,636 | 1,659 |
| Fundraising costs | 484 | 457 | 473 |
| Other costs | 300 | 313 | 200 |
| Total spending | 11,667 | 8,115 | 8,273 |
| Cash flow from operations | (2,079) | 1,958 | (2,563) |
| Capital spending | 37 | 36 | 266 |
| Funding reserves | 7,780 | 8,800 | 5,515 |
Note: 1. Ci adjusted for deferred contributions which affected revenue by ($1.8m) in 2024, ($3.4m) in 2023, and $2.0m in 2022. Ci included unrealized gains on investments which affected revenue by $35k in 2024, $24k in 2023, and ($66k) in 2022. 3. Ci took business activities net of expenses which affected revenue and expenses by ($4.5m) in 2024, ($4.5m) in 2023, and ($3.9m) in 2022. 4. Ci treated goods-in-kind donated as a flow-through which affected revenue and expenses by ($6.0m) in 2024, ($6.2m) in 2023, and ($5.8m) in 2022. 5. Ci did not include sale of projects which affected revenue by ($3.3m) in 2024, ($10.2m) in 2023, and ($4.0m) in 2022. 6. Ci did not include cost of projects for sale which affected expenses by ($2.5m) in 2024, ($8.9m) in 2023, and ($3.3m) in 2022. 7. Ci included project costs during the year which affected expenses by $6.9m in 2024, $3.8m in 2023, and $3.0m in 2022. 8. Ci included project unit buybacks which affected expenses by $973k in 2024, $558k in 2023, and $1.3m in 2022. 9. Ci included repairs on buybacks which affected expenses by $40k in 2024, $45k in 2023, and $257k in 2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
1 |
$120k - $160k |
4 |
$80k - $120k |
4 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-253-9331