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Letter from the CEO
As we reflect on the past year, I am excited to share the incredible milestones that San Diego Habitat for Humanity has achieved together with our dedicated community of partners and supporters. The essence of San Diego Habitat lies in our unique approach of bringing people and resources together to achieve collective goals that transcend what any of us could accomplish individually. Throughout the years, San Diego Habitat has embraced this collaborative ethos, inviting our community to join us in the shared belief that through our collective efforts, we can provide working families with the opportunity to afford a home for themselves and invest in their futures.
In 2023, despite the challenges posed by the country’s most expensive housing market, San Diego Habitat not only persevered, but succeeded in findings ways to create and keep alive the dream of affordable homeownership for more working San Diegans. We brought together an impressive 2,440 volunteers, including those from 36 corporate partners, who collectively contributed 24,238 hours of service. With these invaluable resources, we preserved 21 homes owned by veteran families and seniors and served 139 current and soon-to-be homeowners through our mortgage servicing and new home construction operations. Each of these homes signifies an investment by the entire community, creating a lasting benefit for San Diego families that will endure for years to come. I am filled with gratitude for the unwavering support from our volunteers, donors, partners, and team members who have played an instrumental role in our success.
Looking ahead, we acknowledge the growing scale of the housing challenges in our region. With the median home price surpassing $990k (+/-), the dream of homeownership for many working San Diego families appears increasingly unattainable. To meet this challenge San Diego Habitat has spent 2023 exploring how the Habitat way, can be scaled up to address the magnitude of our housing crisis our region faces. Our response, as expected, centers around collaboration and partnership. Three out of the three developments in our active pipeline are centered around partnership with one or more of our region’s major public, private, and/or nonprofit partners. Once completed these 38 brand new homes, and the families whose lives they change, will be the result of the collective effort of all of our partners, supporters. And for that we are grateful.
At San Diego Habitat, we understand that our success is intrinsically tied to our ability to work together. This collaboration has always been our secret to making a meaningful impact. As we enter the coming year, we eagerly anticipate scaling up this approach, forging deeper partnerships, and making strategic investments to extend the dream of homeownership to more working families in our region.
Thank you for being an integral part of San Diego Habitat for Humanity’s journey. We look forward to more collaborative work and investing in futures, together, creating a legacy that will endure for generations.
Kwofi Reed
President/CEO
homeownership
an investment in strong foundations
Homeownership is the cornerstone of our commitment to building strong foundations for individuals, families, and the community at large. By providing working families with the means to own a home, we empower them to create a lasting legacy that extends beyond their lifetimes, fostering financial stability for future generations. Moreover, the impact of homeownership resonates through the opportunities it unlocks. As families settle into their own homes, they gain access to enhanced educational opportunities, improved health outcomes, and broader economic prospects. We firmly believe that a strong foundation in the form of secure, affordable housing is the catalyst for positive change, creating a ripple effect that strengthens the fabric of our community.
San Diego Habitat for Humanity’s mortgage portfolio performance rate is 98.4%.
by the numbers
Home Preservation
an investment in healthy neighborhoods
Home preservation is not just about maintaining physical structures; it’s a deliberate effort to safeguard the essence of our communities. By preserving existing homes, we contribute to the stability and affordability of neighborhoods, preventing displacement and ensuring that families can continue to call these areas home. Preserving homes means preserving the foundations upon which families build their lives and pursue their dreams. In this way, San Diego Habitat’s focus on home preservation is a multifaceted investment — one that goes beyond bricks and mortar to cultivate thriving, interconnected communities where everyone can flourish. As we diligently work to preserve homes, we are investing in the collective well-being of our community, laying the groundwork for healthy, vibrant neighborhoods.
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volunteers
an investment in the next generation of civic heroes
Whether generously giving their time, skills, or financial support, our volunteers are the architects of change, weaving a narrative of collaboration and shared purpose. Our opportunities to build extend far beyond the physical structures; they are platforms for transforming strangers into neighbors. Through diverse acts of kindness and solidarity, these civic heroes are instrumental in crafting a community where understanding thrives, creating an environment where every contribution, big or small, builds bridges and shapes a future of resilience and compassion.
San Diego Habitat’s volunteers are incredible individuals whose collective efforts ensure that our mission of creating a more equitable and just world continues to resonate far beyond the construction site, leaving a lasting impact on the lives of those we serve.
by the numbers
volunteer spotlight
Virgil Tinkle
2023 Volunteer of the Year, North County Philanthropy Council
Virgil has made a significant impact on San Diego Habitat, contributing over 200 hours to further our mission. His enthusiasm exudes an infectious energy that resonates with others. It’s not just the time he dedicates that makes a difference; it’s his heartfelt dedication that truly shines.
“At the housewarming celebration held after the completion of the National City community, multiple Habitat families expressed how much they appreciated my ability to instruct them on proper building techniques and thanked me for helping to build their dreams. Meaningful beyond words.”
– Virgil, on volunteering with San Diego Habitat
ReStore
an investment in the places we call home
San Diego Habitat for Humanity’s ReStore — a home improvement center with a purpose. Every dollar spent at our ReStores directly fuels our mission of building homes for families in need, turning shopping into a transformative act of generosity. Additionally, our donation centers serve as an opportunity for people to further champion their sustainability practices by giving a new life to usable items that might otherwise end up in landfills. San Diego Habitat’s ReStores serve as a powerful engine, driving our mission forward. It’s a simple yet impactful way for our community members to participate in the tangible act of building sustainable, affordable housing.
by the numbers
community engagement
an investment in collective impact
At the heart of San Diego Habitat’s mission lies the profound belief that collective action drives positive change. Throughout the year, we’ve had the privilege of collaborating with numerous corporations and their dedicated employees who have generously given their time, resources, and energy to support our mission. From constructing playhouses for local children and their families to assisting with critical home repairs and participating in empowering build events, these partnerships have been instrumental in advancing our goals of building more affordable housing and vibrant communities.
This collaborative effort exemplifies the power of community and underscores our commitment to creating tangible, sustainable change throughout our region and in the lives of the people we serve. Together, we are building more than homes; we are building hope, stability, and a brighter future for generations to come.
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advocacy
an investment in solution-oriented policy efforts
San Diego Habitat for Humanity’s comprehensive approach to advancing homeownership equity continues to encompass both on-the-ground initiatives and robust advocacy at both local and statewide levels. Through our work in the community and our staunch advocacy, we are actively pushing for policies that eliminate barriers. By combining our grassroots efforts with strategic advocacy, we continue our commitment to reshaping the narrative and ensuring that affordable homeownership isn’t just a dream but a tangible reality for every deserving family.
A focal point of our advocacy this year was championing sustained funding for the CalHome Program — the sole government stream of funds for homeownership production. San Diego Habitat did this in coalition with Habitat California, resulting in our Habitat network of affiliates receiving a total of $52.7M that will build, repair, and provide access to 578 more affordable ownership homes across California.
policy wins
tithe
an investment in not just local, but global communities
San Diego Habitat for Humanity extends its impact far beyond our local borders, reaching into the global community. At the heart of our mission is a commitment to building not only homes but also strong, stable communities worldwide. We take great pride in contributing to the vision of global impact by tithing a percentage of our local funds annually to Habitat for Humanity International. This strategic allocation ensures that the work we do in San Diego resonates on a global scale, creating a ripple effect of positive change. By building homes locally and supporting international efforts, we are fortifying the vision of strong, stable communities that transcend geographical boundaries. Together, we are actively shaping a world where everyone has the opportunity for safe and decent housing, contributing to a brighter and more equitable future for families around the globe.
by the numbers
Supported by U.S. affiliate tithe, the Global Mission Fund provides critical funding for Habitat programs outside of the United States. Fund distribution is determined by Habitat for Humanity International’s senior leadership. This funding is often used as leverage for institutional or foundation grants, to pilot innovative programs, or to fill gaps in program budgets.
Thank you, supporters!
Your support is an investment in tangible, long-term change.
individual donors
donation programs
corporate partners
$100K+
Financials
Total Support + Revenue
Total Support |
$3,936,231 |
| Contributions | $1,378,038 |
| In-kind contributions | $169,238 |
| Retail store, net | $2,038,129 |
| Special events | $112,596 |
| Grants | $238,230 |
Total Revenue |
$918,858 |
| Sales of homes | $516,250 |
| Mortgage loan discount amortization | $352,869 |
| Investment gain | $27,513 |
| Other income | $22,226 |
Total Support + Revenue |
$4,855,089 |
Total Expenses
| Cost of homes sold and program support | $4,281,900 |
| Management and general | $525,033 |
| Fundraising | $945,372 |
Total Expenses |
$5,752,305 |
Net Assets
| Beginning of year | $3,706,830 |
| End of year | $2,809,614 |