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Habitat For Humanity Financial Review Paper

450 Words2 Pages

Habitat for Humanity Financial Review This paper will evaluate Habitat for Humanity’s overview of their income statement, balance sheet, statement of cash flows, and analyze changes over the next three years. It will provide an overview of the nonprofit organizations ability to provide understandable and reliable financial information to the public. It will also discuss the importance of following the Financial Accounting Standards Board’s (FASB) ruling on what nonprofits are required to report. Pie Chart of Income Statement Habitat for Humanity shows a very well rounded pie chart of their revenue sources verses their expenditures in 2016. These findings suggest that HBFH does an exceptional job in promoting their organization as a reliable venue to donate towards. Their 65% revenue source of contributions almost covers their 77% expenditure of program services in the year 2016. These findings are taken from the annual report on Habitat for Humanity’s website (Habitat for Humanity, Annual Report, 2016). It also suggests that HBFH does not solely survive on government grants and that the public who give to this organization …show more content…

Nonprofit organizations are required to provide basic information like statements of financial positions, a statement of activity, and a statement of cash flows. This ruling has been put in place to help the public, the IRS, and prospective contributors be able to readily access and read this material on a laymen’s term level. HBFH abides by the standards of the FASB’s SFAS 117 ruling and continues to provide accurate and understandable financial information in their yearly reports released to the public. Below is a most recent 2016 statement of cash flows from HBFH retrieved from the main website (Habitat for Humanity, Annual Report,

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