financials
Statement by the SAW Habitat for Humanity Board of Director:
In 2017 a financial analysis of the organization was performed by a representative of Habitat for Humanity International. In this report it was found that the organization's assets to liabilities ratio was 3:1. After careful consideration, it was determined that this ratio does not reflect the values and intents of SAWHFH and that those assets are better utilized by investing in our programs. The Board of Directors has decided to use those assets to invest in the capacity of the organization to increase it's construction of 1 house per year to no less than 4 homes per year by 2021.
In 2017 a financial analysis of the organization was performed by a representative of Habitat for Humanity International. In this report it was found that the organization's assets to liabilities ratio was 3:1. After careful consideration, it was determined that this ratio does not reflect the values and intents of SAWHFH and that those assets are better utilized by investing in our programs. The Board of Directors has decided to use those assets to invest in the capacity of the organization to increase it's construction of 1 house per year to no less than 4 homes per year by 2021.
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