Overview
What is Habitat For Humanity Of Greater Lowell Inc?
Habitat for Humanity of Greater Lowell Inc is a compassionate nonprofit organization based in Westford, Massachusetts. Their primary mission is to fortify families and communities by facilitating affordable homeownership. They achieve this goal through two significant avenues: constructing new affordable houses and performing essential repairs on existing owner-occupied homes. By doing so, they enable families to maintain their current residences. The organization is particularly dedicated to assisting veterans and military families, with plans to extend its reach to a broader spectrum of eligible families. In the Greater Lowell area, Habitat for Humanity of Greater Lowell Inc is enhancing its capacity to impact as many lower-income families as possible, focusing its efforts on specific neighborhoods for the most considerable impact, such as the Neighborhood Revitalization Initiative (NRI) and Critical Repair Program.
Official website here: www.lowellhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
Habitat For Humanity Of Greater Lowell Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization boasts a perfect score in various key areas, including having a fully independent board and maintaining high standards in financial oversight. These factors contribute to its robust financial health, making it a trustworthy choice for potential donors.
The nonprofit demonstrates a remarkable program expense ratio of 86.07%, indicating that a significant majority of its funds are directed towards actual programs rather than administrative costs. Additionally, the organization excels in fundraising efficiency, with a cost of $0.17 to raise a dollar, showcasing its effectiveness in resource utilization. Its low liabilities to assets ratio of 7.12% further signifies a solid financial footing.
While the data presents a positive picture of Habitat For Humanity Of Greater Lowell Inc, potential supporters should consider that the organization, like all nonprofits, faces ongoing challenges in fundraising and community engagement. However, the high ratings in accountability and program effectiveness suggest that it is well-positioned to continue serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Greater Lowell Inc legitimate?
Habitat For Humanity Of Greater Lowell Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Greater Lowell 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: $101,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $500,489
For more financial information, click here
Official website here: www.lowellhabitat.org
What is the mission statement of Habitat For Humanity Of Greater Lowell Inc?
Habitat for Humanity of Greater Lowell Inc's mission is centered around strengthening families and communities by facilitating affordable home ownership. This is achieved through two primary avenues: constructing new affordable homes and carrying out critical repairs on owner-occupied homes, thereby enabling families to continue residing in their current homes. The organization's mission extends to impacting as many low-income families as possible, starting with veterans and military families before expanding to other potential families. In specific areas, the organization focuses its efforts to make the greatest impact, such as the Neighborhood Revitalization Initiative (NRI) and the Critical Repair Program.
Official website here: www.lowellhabitat.org
Who is the CEO of Habitat For Humanity Of Greater Lowell Inc?
Michael Collins is the President of Habitat For Humanity Of Greater Lowell Inc.
Official website here: www.lowellhabitat.org
What is the revenue of Habitat For Humanity Of Greater Lowell Inc?
Habitat For Humanity Of Greater Lowell Inc's revenue in 2022 was $1,620,766.
Official website here: www.lowellhabitat.org
Who are the executives of Habitat For Humanity Of Greater Lowell Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Greater Lowell Inc during 2022 was $35,425. There are 17 employees and 854 volunteers at Habitat For Humanity Of Greater Lowell Inc.
Here are 14 key members and their salaries:
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Official website here: www.lowellhabitat.org
Where can I find the form 990 for Habitat For Humanity Of Greater Lowell Inc?
Habitat For Humanity Of Greater Lowell Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lowellhabitat.org
Learn more at the official website: www.lowellhabitat.org
Mission Statement of Habitat For Humanity Of Greater Lowell Inc
Habitat for Humanity of Greater Lowell Inc is committed to strengthening families and communities by promoting affordable homeownership. They achieve this goal through two primary avenues: constructing new affordable homes and carrying out critical repairs on owner-occupied homes, enabling families to continue residing in their current dwellings.
The organization's mission extends beyond just building new homes and repairing existing ones. They aim to make a significant impact on lower-income families in the community. In the Greater Lowell area, Habitat for Humanity of Greater Lowell Inc works diligently to expand its capacity, focusing on various projects, such as building new homes or renovating existing ones. Initially, their efforts concentrated on assisting veterans and military families, and they have since expanded their reach to accommodate all eligible families.
By focusing on specific areas, the organization intends to achieve the most significant positive impact. One of these areas is the Neighborhood Revitalization Initiative (NRI), where they launch and sustain critical repair programs. This approach allows Habitat for Humanity of Greater Lowell Inc to contribute to the betterment of communities and the lives of the families living within them.
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Impact
July, 2024
Habitat For Humanity Of Greater Lowell Inc strengthens families and communities through affordable homeownership. By building new affordable homes and performing critical repairs on owner-occupied homes, the organization enables families to maintain stable living environments. Focusing on areas like the Neighborhood Revitalization Initiative and launching a critical repair program, they are dedicated to broadening their impact to reach lower-income families, including veterans and military families. Their mission to promote affordable homeownership plays a crucial role in enhancing the well-being of individuals and communities in the Greater Lowell area.
This information is meant to be a general summary of Habitat For Humanity Of Greater Lowell 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: $953
- Program Service Revenue: $466,047
- Gross Receipts: $1,625,337
Assets and Liabilities:
- Total Assets: $4,083,112
- Total Liabilities: $89,682
- Net Assets: $3,993,430
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$388,255
MORTGAGE LOAN DISCOUNT AMORT
Revenue
$62,004
OTHER PROGRAM INCOME
Revenue
$15,788
Organization Details
Founding Year
1991
Phone
(978) 692-0927Principal Officer
Michael Collins
Main Address
68 TADMUCK ROAD SUITE 1, WESTFORD, MA, 01886
Website
www.lowellhabitat.orgNTEE Category
Code: L20Z - Housing
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