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At Habitat East Bay/Silicon Valley, we take pride in using donor dollars wisely. We steward contributions efficiently and effectively, invest the vast majority of donor dollars in on our housing programs, and allocate only a small percentage of funds to overhead expenses. Our funders include individuals, corporations, foundations, and faith organizations, and we receive grants and no-interest redevelopment agency loans from local government sources. Financial information is available by viewing our most recent audited financial statements and IRS Form 990 submission.
Habitat EB/SV was awarded Charity Navigator’s 4-Star rating, the highest rating possible, with a near perfect score. In fact, Habitat EB/SV scored the highest among all Habitat affiliates in the country. Charity Navigator, America’s largest and most influential charity evaluator, rates the fiscal responsibility of nearly 6,000 nonprofit organizations annually.
Habitat for Humanity East Bay/Silicon Valley’s EIN number is 94-3053687. We are an active 501(c)3 nonprofit in full compliance and in good standing with the IRS.
Habitat for Humanity East Bay/Silicon Valley is covered under the group exemption for Habitat for Humanity International as explained in this document. Please the use the Tax ID for Habitat for Humanity International (Tax ID: 91 1914868) when determining the 501(c)3 status for Habitat East Bay/Silicon Valley.
If you have any questions regarding our status as a 501 (c)(3) nonprofit organization, please call (510)-251-6304 x310.
Nonprofit organizations are often evaluated on their expense ratio, which is the percentage of their budget that is allocated to administrative and fundraising overhead expenses in relation to their total expenses. Generally accepted accounting principles mandate that we account for our program costs in a way that may cause confusion when interpreting our expense ratio.
The total cost of building a home is realized in our financials when the home is sold, and not throughout the duration of construction, which adds a significant one-time program expense on the date of sale. This one-time program expense is magnified because we typically build, and then sell, numerous homes simultaneously. It is not uncommon to fund construction of a large development throughout the duration of a fiscal year, and then to finish and sell the homes, and realize the program expenses, in the following fiscal year. As a result, the amount of program expenses calculated, and thus our expense ratio, can fluctuate significantly from year to year.
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