Applicant Details & Scoring
ARC State Program Manager Comments
Total Qualifying Score: 7
County (ARC Region): Yes
State (ARC Region): Yes
Q3. IRS Status: Nonprofit – 2
Q4. Parent Entity: Yes – 0
Q5. 2 or More Full-Time Employees : Yes (as of 12/31/2019)
Q7. Budget Level: $250,001 to $1.5 million – 5 (Last Fiscal Year Actual Income)
Q8. Restricted Reserves: Yes – 0
Q9. CARES Act Funding: Yes – 0
Q13. Participation by Executive: Yes
CONTACT & LOCATION INFORMATION
County (ARC Region) Steuben
State (ARC Region) New York
ORGANIZATIONAL & FINANCIAL INFORMATION
Seeking to put God’s love into action, Habitat for Humanity brings people together to build homes, community and hope.
Q2. How organization aligns with ARC’s Plan & Goals:
Our organization aligns in many ways with building capacity and skills. Habitat for Humanity, as spelled out in our mission statement, is very strongly focused on building community. Our specific affiliate takes that charter to a whole new level. We believe very strongly that we can serve more and serve better if we come together. Collaborations are key to our success. We invest in the broader community by co-chairing non-profit roundtables, serving on state and national committees and actively participating in advocacy efforts with the goal of strengthening and advancing our community. We believe that community transformation and change is a ground up effort that starts with the leaders coming together and working together.
Q3. IRS Filing Status: 501(c)(3)
Q4. Unit or Chapter of Larger Organization: Yes
Full-Time/Part-Time Employees: 11/2 (as of 9/1/2020)
Full-Time/Part-Time Employees: 11/2 (as of 12/31/2019)
Current Year Income/Expenses: $350000/$300000
Q6. Fiscal Year: July-June
Q7. Budget Level
Last Fiscal Year Income/Expenses (Actual): $369000 / $469000
Current Year Income/Expenses (Projected): $350000 / $300000
Q8. Restricted Reserves (Amount): Yes ($10000)
Q9. CARES Act Funding (Amount): Yes ($75000)
Received From: Corning Federal Credit Union Date Received: May 1, 2020
For What Purpose(s): PPP
Q10. Negative Impacts from COVID-19:
We were impacted in all aspects of our business. We had a house ready to sell to a homebuyer and the sale was stalled due to delays in the real estate sector. This means we sit on all the expenses of building a home and are not able to realize the income. Our retail store, ReStore, was shut down as well. ReStore accounts for about 35% of our overall income and basically funds our operations. Between the two, we lost about 75% of our revenue over a six month period. Even though we have re-opened, we are still reeling not only financially but also in personnel. We have kept everyone on shared work while we try to recover.
Q11. Top Three Concerns:
I am unsure that we will be able to recover financially.
I worry about someone contracting Covid and how to handle that.
I worry that the financial strain will ultimately end in a closure of our affiliate.
How Participation in Program Will Address Concerns:
The pandemic has changed our fiscal management practices drastically. We went from planning for the future to worrying about tomorrow. Shifting gears to this new way of looking at our finances has been very difficult and there was certainly no training for this. I still feel like we are learning as we go. I think that these special circumstances require a whole new approach to fiscal management and retraining for the new set of norms we are faced with. Learning best practices and strategies will certainly help us better manage our finances not only for today but for tomorrow and beyond. My goal is to not only stay afloat but to be better poised for the future so events like this have less of a financial impact on our organization. This program would help me achieve that goal.
Q12. Applying as a Proposed Cohort? No
Q13. Executive Director or CEO Will Participate in the Program? Yes
Q14. Top Two Choices for Cohort Instruction:
Course #1 Choice: 1-Short-term Financial Management
Course #2 Choice: 2-Long-term Financial Management
Q15. Desired Course Schedule for Cohort Instruction:
#1 Desired Course Schedule: 1-Fall 2020: 6-Week Course (Nov. 9, 2020 – Dec. 18, 2020)
#2 Desired Course Schedule: 2-Fall 2020: 11-Week Course (Nov. 9, 2020 -Jan. 24, 2021)
APPLICATION SUBMITED BY:
Name: Lisa Caracci, Executive Director
Application Approved by Organization Director or CEO? Yes, Approved by Executive Director/CEO