Overview
What is Habitat For Humanity North Central Massachusetts Inc?
Habitat for Humanity North Central Massachusetts Inc is a nonprofit organization dedicated to enhancing families and communities through affordable home ownership. Based in Acton, Massachusetts, they extend their efforts to assist as many lower-income families as possible, focusing on veterans initially and then expanding to other potential families. Their approach involves building new homes or renovating owner-occupied homes, emphasizing on the Capacity Building of the organization. The organization follows a unique model of service, capitalizing on the strength of families and their self-determination, requiring sweat equity from the families and homeownership readiness classes before providing a 0% interest mortgage loan. Their mission is to strengthen families and communities by building affordable homes and performing critical repairs on owner-occupied homes, allowing families to continue living in their current homes.
Official website here: www.ncmhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Habitat For Humanity North Central Massachusetts Inc has achieved an impressive 97% score on Charity Navigator, indicating strong accountability and financial management. The organization is noted for its 100% independent board and robust oversight measures, contributing to a transparent operational framework. The high program expense ratio of 90.93% reflects a commitment to utilizing funds for its mission rather than administrative costs.
User feedback on GreatNonprofits highlights the organization's grassroots approach, where homeowners actively participate in building their homes through substantial "sweat equity." This model fosters a sense of community and commitment, with volunteers working alongside future homeowners, reinforcing the principle of providing a "hand up, not a hand out."
While the financial management metrics are generally strong, the fundraising efficiency ratio indicates a potential area for improvement, as very low fundraising efficiency can suggest challenges in attracting donations. Overall, Habitat For Humanity North Central Massachusetts Inc demonstrates a solid commitment to its mission and community engagement, backed by strong financial practices.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Habitat For Humanity North Central Massachusetts Inc?
92% of 9 reviewers on Facebook recommend Habitat For Humanity North Central Massachusetts Inc. Here is a summary of their reviews:
Overall, the sentiment towards this nonprofit is overwhelmingly positive. Reviewers highlight the impactful work the organization does, emphasizing the opportunity for individuals to join efforts in making a significant difference in the community.
The enthusiasm in the reviews reflects a strong belief in the mission of Habitat for Humanity, with many expressing appreciation for the organization's commitment to helping those in need. The call to action for others to get involved suggests that people feel empowered by their experiences and are eager to encourage participation in charitable endeavors.
This AI summary has been generated from reviews found on Facebook.
Is Habitat For Humanity North Central Massachusetts Inc legitimate?
Habitat For Humanity North Central Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity North Central Massachusetts Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $80,278
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,389
For more financial information, click here
Official website here: www.ncmhabitat.org
What is the mission statement of Habitat For Humanity North Central Massachusetts Inc?
Habitat for Humanity North Central Massachusetts Inc is a non-profit organization with a mission to strengthen families and communities through affordable home ownership. They accomplish this by engaging in two main activities: building new affordable homes and performing critical repairs on owner-occupied homes, enabling families to continue living in their current residences. This non-profit organization follows a unique approach, emphasizing self-determination and investing in financial education and sweat equity, transforming the lives of families and their children. To broaden its impact, the organization focuses on lower-income families, starting with veteran families and then expanding its reach to other potential families.
Official website here: www.ncmhabitat.org
Who is the CEO of Habitat For Humanity North Central Massachusetts Inc?
Thomas Dufault is the Executive Di of Habitat For Humanity North Central Massachusetts Inc.
Official website here: www.ncmhabitat.org
What is the revenue of Habitat For Humanity North Central Massachusetts Inc?
Habitat For Humanity North Central Massachusetts Inc's revenue in 2022 was $1,870,114.
Official website here: www.ncmhabitat.org
Who are the executives of Habitat For Humanity North Central Massachusetts Inc and what are their salaries?
The average compensation at Habitat For Humanity North Central Massachusetts Inc during 2022 was $11,804. There are 17 employees and 531 volunteers at Habitat For Humanity North Central Massachusetts Inc.
Here are 14 key members and their salaries:
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Official website here: www.ncmhabitat.org
Where can I find the form 990 for Habitat For Humanity North Central Massachusetts Inc?
Habitat For Humanity North Central Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncmhabitat.org
Learn more at the official website: www.ncmhabitat.org
Mission Statement of Habitat For Humanity North Central Massachusetts Inc
Habitat for Humanity North Central Massachusetts Inc is a non-profit organization that prioritizes strengthening families and communities through the provision of affordable home ownership. They achieve this mission through two primary avenues: constructing new affordable homes and performing critical repairs on existing owner-occupied homes, enabling families to continue living in their current residences. By doing so, Habitat for Humanity North Central Massachusetts Inc aims to improve the lives of lower-income families, starting with veteran families and then expanding its reach to other potential families. The organization's approach to community development is centered around a strength-based model, emphasizing self-determination and sweat equity investment from the homeowners. This model requires families to contribute 200-350 hours of labor into Habitat programs, and they must also complete certain homeowner readiness classes before purchasing their Habitat homes. The organization provides a 0% interest mortgage loan to the homeowners, thereby offering a sustainable and affordable housing solution.
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Impact
July, 2024
Habitat For Humanity North Central Massachusetts Inc's impact is significant in strengthening families and communities through affordable homeownership. By offering a 0% interest mortgage loan and requiring families to invest 200-350 hours of sweat equity, the organization empowers families to take ownership of their future. By focusing on building new affordable homes and performing critical repairs on owner-occupied homes, they are able to make a lasting impact on lower-income families, starting with veteran families and expanding to others in need. Through their strength-based approach, Habitat For Humanity North Central Massachusetts Inc is able to transform lives and create opportunities for families to thrive.
This information is meant to be a general summary of Habitat For Humanity North Central Massachusetts Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $549
- Program Service Revenue: $602,548
- Gross Receipts: $1,920,757
Assets and Liabilities:
- Total Assets: $3,032,022
- Total Liabilities: $96,743
- Net Assets: $2,935,279
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE
Revenue
$425,916
SALES OF HOMES
Revenue
$170,756
AMORTIZED MORTGAGE DISCOUNT
Revenue
$5,876
Organization Details
Founding Year
1988
Phone
(978) 348-2749Principal Officer
Thomas Dufault
Main Address
201 GREAT ROAD SUITE 301, ACTON, MA, 01720
Website
www.ncmhabitat.orgNTEE Category
Code: L20 - Housing
If you are a representative of Habitat For Humanity North Central Massachusetts Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.