Habitat for Humanity Philadelphia
Habitat for Humanity ReStore sells new and gently used donated building supplies and home goods to the public. 850 ReStores across the U.S. generated $89 million in net profits in 2013, covering the costs of 898 Habitat homes. Habitat for Humanity Philadelphia’s ReStore offers a unique and significant opportunity for the organization to increase revenue and, in turn, build and repair more homes for Philadelphians living in poverty. Despite a strong business model and success in other cities, the local ReStore has struggled financially. Determined to diagnose the problem and turn the fledging business around, Habitat enlisted professional counsel on retail management and real estate and determined that the store’s location was dramatically hindering its potential. The Barra grant will allow Habitat to relocate their enterprise to a competitive new location, deliver improved marketing, and secure the financial strategy services of Nonprofit Finance Fund.