Overview
What is Habitat For Humanity Of Greater New Haven Inc?
Habitat for Humanity of Greater New Haven Inc is a charitable organization situated in New Haven, Connecticut. Their primary mission involves constructing and renovating affordable homes for low-income families within the Greater New Haven area. This work is carried out with the help of volunteer labor, and the future homeowners, who are first-time buyers, purchase these homes at a reduced cost. The organization financially supports these families through 0% interest, 25-year mortgages. Habitat for Humanity's funding comes from various sources, including contributions, in-kind donations, grants, and sales of goods at their Restore. The homes built by this nonprofit adhere to IBHS Fortified Home Standards and exceed Energy Star standards, contributing to the revitalization of their respective neighborhoods by completing and transferring 4 homes to eligible families. With a workforce of 22 individuals, Habitat for Humanity of Greater New Haven Inc aims to make a meaningful difference in the lives of those in need of affordable housing.
Official website here: www.habitatgnh.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 New Haven Inc has achieved a 100% score, earning it a prestigious Four-Star rating from Charity Navigator. This rating reflects the organization’s exceptional performance across various criteria, particularly in Accountability & Finance, where it scored a perfect 100%. The charity demonstrates strong governance, with an entirely independent board and robust financial oversight practices.
The organization excels in its Culture & Community, as well as Leadership & Adaptability, both of which also received top scores. This highlights Habitat For Humanity’s commitment to fostering a transparent and positive organizational culture, engaging stakeholders effectively, and adapting to community needs. The charity places significant emphasis on feedback collection and usage, ensuring that community voices are heard and implemented in its programs.
While the organization has shown remarkable strengths, the overall scores indicate areas for potential growth in its Leadership & Adaptability, which collectively received a score of 16%. Nonetheless, the high ratings in other critical areas suggest a solid foundation and promising outlook for continued community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Greater New Haven Inc legitimate?
Habitat For Humanity Of Greater New Haven Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Greater New Haven 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: $121,645
Professional Fundraising Fees: $0
Other Salaries and Wages: $426,314
For more financial information, click here
Official website here: www.habitatgnh.org
What is the mission statement of Habitat For Humanity Of Greater New Haven Inc?
Habitat for Humanity of Greater New Haven Inc. is dedicated to constructing and renovating affordable homes for future low-income first-time homebuyers in various communities. This organization utilizes volunteer labor to achieve its goal, and the families purchasing these homes do so at a discounted cost. Habitat for Humanity provides financing for these families through 0% interest, 25-year mortgages. The program is funded through contributions, in-kind donations, grants, and sales of goods at its restore. The ultimate aim is to empower these families with a secure and affordable housing solution.
Official website here: www.habitatgnh.org
Who is the CEO of Habitat For Humanity Of Greater New Haven Inc?
Jennifer Rook is the President of Habitat For Humanity Of Greater New Haven Inc.
Official website here: www.habitatgnh.org
What is the revenue of Habitat For Humanity Of Greater New Haven Inc?
Habitat For Humanity Of Greater New Haven Inc's revenue in 2022 was $1,880,539.
Official website here: www.habitatgnh.org
Who are the executives of Habitat For Humanity Of Greater New Haven Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Greater New Haven Inc during 2022 was $24,907. There are 22 employees and 1100 volunteers at Habitat For Humanity Of Greater New Haven Inc.
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- Compensation: $118,102
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- Other: $3,543
Official website here: www.habitatgnh.org
Where can I find the form 990 for Habitat For Humanity Of Greater New Haven Inc?
Habitat For Humanity Of Greater New Haven Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatgnh.org
Learn more at the official website: www.habitatgnh.org
Mission Statement of Habitat For Humanity Of Greater New Haven Inc
Habitat for Humanity of Greater New Haven Inc. is a dedicated organization that aims to construct and renovate affordable homes in various communities within the Greater New Haven, Connecticut area. The primary recipients of these homes are low-income first-time homebuyers, who acquire these properties at prices below market value. In order to make this possible, the organization relies on volunteer labor, along with financial support from various sources, including individual donations, grants, and the sales of goods at their Restore outlet.
One of the key aspects of Habitat for Humanity of Greater New Haven Inc.'s mission is to provide financing for these families. This financing is typically in the form of 0% interest, 25-year mortgages, which makes homeownership more accessible and affordable for eligible individuals. By undertaking this mission, Habitat for Humanity of Greater New Haven Inc. contributes to the overall improvement of local communities by providing families with stable housing, and thereby enhancing their quality of life.
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Impact
July, 2024
Habitat For Humanity Of Greater New Haven Inc's impact can be seen in the completion and transfer of 4 homes to low-income working families, contributing to the revitalization of their respective neighborhoods. These homes were built using IBHS Fortified Home standards and exceeded Energy Star standards, ensuring quality and sustainability. By providing affordable housing opportunities and financing through 0% interest 25-year mortgages, they empower first-time homebuyers to build a stable future. This initiative not only addresses the critical need for affordable housing but also strengthens communities and creates pathways to homeownership for those in need. Their work is made possible through contributions, in-kind donations, grants, and revenue from their ReStore, showcasing a sustainable model for social impact.
This information is meant to be a general summary of Habitat For Humanity Of Greater New Haven 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: $526
- Program Service Revenue: $912,740
- Gross Receipts: $1,897,272
Assets and Liabilities:
- Total Assets: $4,767,501
- Total Liabilities: $875,261
- Net Assets: $3,892,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$501,188
MORTGAGE LOAN DISCOUNT
Revenue
$215,608
TRANSFER TO HOMEOWNERS
Revenue
$191,480
RESALE RESTRICTION
Revenue
$4,464
Organization Details
Founding Year
1986
Phone
(203) 785-0794Principal Officer
Jennifer Rook
Main Address
37 UNION STREET, NEW HAVEN, CT, 06511
Website
www.habitatgnh.orgNTEE Category
Code: L20Z - Housing
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