Overview
What is Habitat For Humanity Nantucket Inc?
Habitat for Humanity Nantucket Inc is a nonprofit organization situated in Nantucket, Massachusetts. Their primary mission is to construct and renovate affordable, sustainable homes through the collaboration of volunteers, donated labor, materials, and active involvement from the recipient families. In addition, they provide zero-interest mortgage financing for dwellings constructed in previous years. The organization, with a team of three dedicated individuals, continues its plans to expand affordable housing opportunities on Nantucket.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Habitat For Humanity Nantucket Inc has received a two-star rating from Charity Navigator, indicating a need for improvement despite strong scores in accountability and finance. The organization boasts a perfect score of 100% in accountability measures, demonstrating effective governance practices, including complete independence of its board members and the absence of any material diversion of assets.
Strengths include a high program expense ratio of 83.72%, suggesting that the majority of funds are directed toward its mission-related activities. The organization also has a solid conflict of interest policy and maintains transparency by documenting board meeting minutes, which contributes positively to its overall governance.
However, the two-star rating reflects areas that may require attention to enhance overall effectiveness and impact. While financial management appears sound, the organization may need to address operational aspects to improve its overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Nantucket Inc legitimate?
Habitat For Humanity Nantucket Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Nantucket 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,673
For more financial information, click here
What is the mission statement of Habitat For Humanity Nantucket Inc?
Habitat For Humanity Nantucket Inc's mission involves constructing and renovating sustainable homes, utilizing volunteer labor, in-kind contributions, and the active participation of the families who will inhabit the houses. This organization strives to build affordable housing, employing a strategy that combines resources effectively. They also provide zero-interest mortgages for dwellings constructed in previous years to support homeownership. In essence, Habitat For Humanity Nantucket Inc aims to contribute to housing affordability by collaborating with volunteers and families, providing financial assistance, and promoting sustainable living standards.
Who is the CEO of Habitat For Humanity Nantucket Inc?
John Renwick is the Director of Habitat For Humanity Nantucket Inc.
What is the revenue of Habitat For Humanity Nantucket Inc?
Habitat For Humanity Nantucket Inc's revenue in 2023 was $1,045,883.
Who are the executives of Habitat For Humanity Nantucket Inc and what are their salaries?
The average compensation at Habitat For Humanity Nantucket Inc during 2023 was $14,891. There are 3 employees at Habitat For Humanity Nantucket Inc.
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Where can I find the form 990 for Habitat For Humanity Nantucket Inc?
Habitat For Humanity Nantucket Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Habitat For Humanity Nantucket Inc
Habitat for Humanity Nantucket Inc is committed to constructing affordable housing, leveraging the assistance of volunteers, in-kind contributions, and the active involvement of the families who will eventually inhabit these properties. Their mission involves building and renovating sustainable homes, utilizing a unique approach that combines financial support, volunteer labor, and materials donations. This nonprofit organization aims to provide housing solutions for individuals and families, with a strong emphasis on affordability and sustainability. The organization continues to plan new projects and finances zero-interest mortgages for dwellings constructed in previous years, thereby ensuring that affordable housing remains accessible to those in need.
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Impact
July, 2024
Habitat For Humanity Nantucket Inc's impact is significant in addressing the issue of affordable housing on Nantucket. By building and renovating sustainable homes through the help of volunteers, in-kind contributions of labor and materials, and the active participation of Habitat families, the organization is actively working towards providing affordable housing solutions for the community. Additionally, by offering zero-interest mortgages on dwellings constructed in prior years, Habitat For Humanity Nantucket Inc continues to support low-income families in achieving homeownership and financial stability.
This information is meant to be a general summary of Habitat For Humanity Nantucket 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 2023.
- Investment Income: $6,633
- Gross Receipts: $1,045,883
Assets and Liabilities:
- Total Assets: $4,999,711
- Total Liabilities: $34,752
- Net Assets: $4,964,959
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Organization Details
Founding Year
2001
Phone
(508) 325-8912Principal Officer
John Renwick
Main Address
PO BOX 1022, NANTUCKET, MA, 02554
NTEE Category
Code: L20 - Housing
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