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Habitat for Humanity Greater Boston, Inc.

 240 Commercial Street, 4th Floor
 Boston, MA 02109
[P] (617) 423-2223
[F] (617) 423-1044
http://www.habitatboston.org
larkpalermo@habitatboston.org
Lark Palermo
Facebook
INCORPORATED: 1987
 Printable Profile (Summary / Full)
EIN 04-2994233

LAST UPDATED: 07/08/2015
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years Yes

Summary

Mission StatementMORE »

Habitat Greater Boston is an affiliate of Habitat for Humanity International.  We share the vision of a world where everyone has a decent place to live and are dedicated to ending poverty housing throughout the world as a matter of justice, mercy, compassion and humility.

In the Boston area we partner with low-income families to build simple, decent, affordable homes. We believe homeownership is a vital step to help families break the cycle of poverty and a linchpin for neighborhood revitalization. Families are selected for our program based on their level of need, willingness to work, acceptance of responsibilities and ability to repay a mortgage. Families must complete at least 300 hours of sweat equity and attend at least 10 homeowner education classes. Qualified families purchase Habitat homes with zero-interest mortgages, enabling them to own their home.
 

Mission Statement

Habitat Greater Boston is an affiliate of Habitat for Humanity International.  We share the vision of a world where everyone has a decent place to live and are dedicated to ending poverty housing throughout the world as a matter of justice, mercy, compassion and humility.

In the Boston area we partner with low-income families to build simple, decent, affordable homes. We believe homeownership is a vital step to help families break the cycle of poverty and a linchpin for neighborhood revitalization. Families are selected for our program based on their level of need, willingness to work, acceptance of responsibilities and ability to repay a mortgage. Families must complete at least 300 hours of sweat equity and attend at least 10 homeowner education classes. Qualified families purchase Habitat homes with zero-interest mortgages, enabling them to own their home.
 

FinancialsMORE »

Fiscal Year July 01, 2013 to June 30, 2014
Projected Income $2,500,000.00
Projected Expense $2,500,000.00

ProgramsMORE »

  • Neighborhood Revitalization Initiative

Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

Habitat Greater Boston is an affiliate of Habitat for Humanity International.  We share the vision of a world where everyone has a decent place to live and are dedicated to ending poverty housing throughout the world as a matter of justice, mercy, compassion and humility.

In the Boston area we partner with low-income families to build simple, decent, affordable homes. We believe homeownership is a vital step to help families break the cycle of poverty and a linchpin for neighborhood revitalization. Families are selected for our program based on their level of need, willingness to work, acceptance of responsibilities and ability to repay a mortgage. Families must complete at least 300 hours of sweat equity and attend at least 10 homeowner education classes. Qualified families purchase Habitat homes with zero-interest mortgages, enabling them to own their home.
 

Background Statement

Habitat Greater Boston was incorporated in 1987 as an affiliate of Habitat for Humanity International. Since that time we have developed over 100 homes in the Greater Boston area and have helped change the lives of over 1000 families.


Impact Statement

Habitat Greater Boston achieved several long term goals in 2013, positioning us to make important investment decisions in 2014. We completed construction of the fifth and final phase of Blue Hill Place. We also completed the Navarre Street Condominiums and conveyed the first two units at the Red Rose Condominiums (formerly the “Bradeen Street Project”) to new Habitat families. Renovation of the two Dorchester Terrace units owned by our affiliate will be completed in 2014.

In 2013, Habitat Greater Boston received the largest individual gift in its history from the Estate of Teddi Richman.  Teddi directed her executor to donate the proceeds from the sale of her Brookline home to our organization. Habitat Greater Boston also participated in a New Market Tax Credit transaction in partnership with two other Habitat affiliates. 


Needs Statement

Funding: As a charity, Habitat Greater Boston relies on charitable gifts and donations. We use very little government funding for our projects.  an additional source of revenue for our affiliate.

Donations to the ReStore:  Habitat opened a store in West Roxbury that accepts donations of gently used household items, furniture, appliances and building materials.  These products are sold to the public at a substantial discount in order to generate funds for Habitat projects.
 
Real Estate Development Opportunities: Habitat Greater Boston has developed homes in several Boston neighborhoods as well as in Belmont, Newton and Needham. We want to expand our work to other municipalities within our geographic service area, such as Chelsea, Revere, Medford and Malden. In order to do so we need donations of land and/or residential buildings in need of renovation.

Connections with other self-help programs: Habitat for Humanity believes low-income families need a hand up, rather than a handout. We want to partner with other like-minded organizations to help families learn how to help themselves, leading to long-term sustainable improvement in their lives.


CEO Statement

Like many people, Habitat for Humanity captured my imagination the very first time I heard about the organization and its work. One is constantly bombarded by worthy requests for time and treasure, but there was something especially compelling in the Habitat message. Perhaps it was the opportunity to combine personal charity with personal action and to see tangible results taking shape in the form of decent, attractive homes in our communities and neighborhoods. No doubt the aspect of community and teamwork implicit in the prospect of building a house with like-minded volunteers was part of it, an idea made that much more powerful in that Habitat volunteers work alongside the very families who will occupy those homes.

The process of providing decent, affordable homes to working families is one of breaking cycles of poverty, giving children the stability to learn and grow, and to reclaim neighborhoods by planting the seeds of community. Whether by charitable donation, or volunteering, or both, the gift of homeownership is a gift which does not end with completion of a house; it is essentially a legacy. Habitat Greater Boston remains part of that legacy by working with families to give them the skills of homeownership and financial management. As they pay off their mortgages (at 0% interest) to Habitat Greater Boston we continue to be a resource for them whenever they encounter difficulties or financial hardship.

Board Chair Statement

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Geographic Area Served

In a specific U.S. city, cities, state(s) and/or region.
In a specific U.S. city, cities, state(s) and/or region.
GREATER BOSTON REGION, MA
GREATER BOSTON REGION, MA
City of Boston- Citywide (please select all areas as well)
City of Boston- Allston/ Brighton
City of Boston- Back Bay
City of Boston- Beacon Hill/ West End
City of Boston- Charlestown
City of Boston- Chinatown/ Leather District
City of Boston- North Dorchester
City of Boston- South Dorchester
City of Boston- Downtown
City of Boston- East Boston
City of Boston- Fenway/ Kenmore
City of Boston- Hyde Park
City of Boston- Jamaica Plain
City of Boston- Mattapan
City of Boston- Mission Hill
City of Boston- North End
City of Boston- Roslindale
City of Boston- Roxbury
City of Boston- South Boston
City of Boston- South End/Bay Village
City of Boston- Harbor Islands
City of Boston- West Roxbury
We serve the following Greater Boston areas: Arlington, Belmont, Boston, Brookline, Cambridge, Chelsea, Dedham, Dover, Everett, Lexington, Lincoln, Malden, Medford, Melrose, Needham, Newton, Revere, Somerville, Stoneham, Waltham, Watertown, Wellesley, Weston, Winchester, Winthrop, and Woburn.

Organization Categories

  1. Housing, Shelter - Housing Development, Construction & Management
  2. Community Improvement, Capacity Building - Community & Neighbourhood Development
  3. Public & Societal Benefit -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Yes

Programs

Neighborhood Revitalization Initiative

Habitat Greater Boston received a grant from Wells Fargo to launch theNeighborhood Revitalization Initiative and with help from students at Harvard Business School we have created a roadmap to develop this program.

The Neighborhood Revitalization Initiative will allow us to serve more families and reach more people, while increasing brand awareness in communities that will benefit from our work.Making homes accessible for seniors and making necessary repairs will increase people’s pride in their homes, leading to pride in their communities, and stronger communities, overall.
 
Homeownership creates an incentive for families to improve their neighborhoods. Homeowners pay property taxes and they are more likely to vote. Their children are more likely to graduate from high school and avoid teenage pregnancy.
 
Habitat Greater Boston will help low-income people stay in their homes by using our volunteer labor forces to make critical repairs.
Budget  $200,000.00
Category  Housing, General/Other Home Repair Programs
Population Served Poor,Economically Disadvantaged,Indigent Elderly and/or Disabled
Program Short-Term Success  --
Program Long-Term Success  --
Program Success Monitored By  --
Examples of Program Success  --

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Ms. Lark Jurev Palermo
CEO Term Start Nov 2005
CEO Email larkpalermo@habitatboston.org
CEO Experience Ms. Palermo has an extensive background in housing, nonprofit management, law and real estate development. Prior to joining Habitat, she was General Counsel at The Community Builders, a nonprofit affordable housing development company headquartered in Boston. She is the former Commissioner of the Division of Capital Asset Management, the Massachusetts state agency responsible for all state real estate transactions and building projects such as courthouses, state and community colleges, recreational facilities and hospitals. From 1986 to 1992, Ms. Palermo was a partner in the real estate department of WilmerHale, LLP. She is the former chair of the Board of Trustees of the Massachusetts College of Art and Design, a member of King’s Chapel and she received her B.S. in Communications from Boston University and her J.D. from Suffolk University Law School.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Ms. Jennifer Kolodziej Director of Family Services --
Ms. Theresa Lakin External Relations Manager --
George O'Malley Director of Projects --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? Yes
Name of state association CHAPA

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

--

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Staff Information

Number of Full Time Staff 10
Number of Part Time Staff 6
Number of Volunteers 2,500
Number of Contract Staff 0
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 3
Caucasian: 10
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 8
Male: 8
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers --
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Under Development
Nondiscrimination Policy Yes
Whistle Blower Policy No
Document Destruction Policy --
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit Yes
State Registration Yes

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Ms. Suanne C St. Charles
Board Chair Company Affiliation Holland & Knight, LLP
Board Chair Term Nov 2013 - Nov 2015
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. James Dever III Sovereign/Santander Voting
Ms. William DiSchino Barkan Management Company Voting
Mr. Robert E. Kenney Kenney Development Company, Inc. Voting
Mr. James Kirby C3-Commercial Construction Consulting Voting
Mr. Jordan P Krasnow Esquire Goulston & Storrs Voting
Ms. Susan Winston Leff Retired Voting
Mr. Michael E Liu AIA The Architectural Team Voting
Ms. Gisela LoPiano Boston Private Bank & Trust Company Voting
Mr. Mahmood Malihi Leggat McCall Properties Voting
Ms. Lark Jurev Palermo Habitat for Humanity Greater Boston Exofficio
Mr. Anthony Papantonis Nauset Construction Voting
Ms. Suanne St. Charles Esquire Holland & Knight, LLP Voting
Mr. Howard Wayne Esquire Wayne, Richard & Hurwitz, LLP Voting
Ms. Kathryn West Partners HealthCare System, Inc. Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 2
Caucasian: 11
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 5
Male: 9
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 3
Board Meeting Attendance % 90%
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation No

Standing Committees

    --

CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

Fiscal Year July 01, 2013 to June 30, 2014
Projected Income $2,500,000.00
Projected Expense $2,500,000.00
Form 990s

2013 Form 990

2012 Form 990

2011 Form 990

2010 Form 990

2009 Form 990

2008 Form 990

Audit Documents

2013 Audited Financials

2012 Audited Financials

2011 Audited Financials

2010 Audited Financials

2009 Audited Financials

2008 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2013 2012 2011
Total Revenue $3,852,131 $2,772,657 $2,322,052
Total Expenses $2,716,164 $2,986,589 $2,690,699

Prior Three Years Revenue Sources

Fiscal Year 2013 2012 2011
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $1,624,292 $1,082,242 $1,270,413
Indirect Public Support -- -- --
Earned Revenue $1,550,630 $228,093 $44,951
Investment Income, Net of Losses $5,140 $10,403 $703
Membership Dues -- -- --
Special Events $216,588 $217,700 $160,107
Revenue In-Kind $455,481 $377,691 $363,397
Other -- $856,528 $482,481

Prior Three Years Expense Allocations

Fiscal Year 2013 2012 2011
Program Expense $2,394,776 $2,454,676 $2,209,534
Administration Expense $179,226 $244,761 $164,166
Fundraising Expense $142,162 $287,152 $316,999
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.42 0.93 0.86
Program Expense/Total Expenses 88% 82% 82%
Fundraising Expense/Contributed Revenue 8% 22% 22%

Prior Three Years Assets and Liabilities

Fiscal Year 2013 2012 2011
Total Assets $9,560,711 $8,656,572 $8,838,826
Current Assets $1,283,745 $816,536 $1,169,981
Long-Term Liabilities $936,690 $1,112,831 $1,174,739
Current Liabilities $394,128 $449,815 $356,229
Total Net Assets $8,229,893 $7,093,926 $7,307,858

Prior Three Years Top Three Funding Sources

Fiscal Year 2013 2012 2011
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? 6.00

Capital Campaign

Are you currently in a Capital Campaign? Anticipated In 3 Years
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2013 2012 2011
Current Ratio: Current Assets/Current Liabilities 3.26 1.82 3.28

Long Term Solvency

Fiscal Year 2013 2012 2011
Long-term Liabilities/Total Assets 10% 13% 13%

CEO/Executive Director/Board Comments

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Foundation Comments

Financial summary data in the charts and graphs above is per the organization's IRS Form 990 for FY13 and is per the organization's audited financials for FY12 and FY11. For FY13, the asset and liability data is per the audit.  The "other" revenue line item includes sale of property for FY12 and FY11.
 
Contributions from foundations and corporations are listed under individuals as the breakout was not available. 

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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