Overview
What is Habitat For Humanity Of Eastern Connecticut Inc?
Habitat for Humanity of Eastern Connecticut Inc is a dedicated nonprofit organization, headquartered in New London, Connecticut. Their mission revolves around constructing affordable homes in collaboration with families in need, utilizing the efforts of community volunteers, financial sponsors, and partner families. This collaborative approach offers a rewarding experience, as individuals share their time, talents, and resources to make a positive impact in others' lives. The organization recently sold three homes to local families and is preparing to sell six more in the upcoming fiscal year. Additionally, they are engaged in building four new homes in Willimantic and Norwich, as well as renovating a property in Killingly. This year, the organization's restores program generated significant net revenue, contributing to its overall mission. Habitat for Humanity of Eastern Connecticut Inc receives substantial funding through affordable housing grants from CHFA and the City of Norwich's ARPA funds, which support their new building projects in Norwich.
Official website here: www.habitatect.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Habitat For Humanity Of Eastern Connecticut Inc has achieved a perfect score of 100%, reflecting its strong performance in accountability and finance. This high rating is based solely on its impressive adherence to best practices, with a specific focus on financial transparency and governance. The organization has a majority of independent board members, ensuring unbiased oversight, and has established various policies that support ethical conduct and accountability.
The nonprofit demonstrates robust financial health, with a low liabilities-to-assets ratio of 19.55% and an exemplary program expense ratio of 85.62%. This indicates that a significant portion of its funds is directed towards its charitable programs rather than administrative costs. The presence of an Audit and Oversight Committee adds an additional layer of financial scrutiny, fostering trust among donors and stakeholders.
While the financial metrics are commendable, it is essential to continue monitoring the organization’s long-term impact and effectiveness in its mission. Overall, Habitat For Humanity Of Eastern Connecticut Inc stands out as a well-managed and trustworthy organization dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Habitat For Humanity Of Eastern Connecticut Inc?
94% of 41 reviewers on Facebook recommend Habitat For Humanity Of Eastern Connecticut Inc. Here's a summary of their insights:
Many supporters praise the organization as a group of genuine individuals committed to impactful work. Reviewers express that participating in Habitat's projects leads to a profound feeling of accomplishment, highlighting the positive changes their efforts bring to people's lives.
Overall, the sentiment leans strongly towards admiration for the nonprofit's commitment to building homes and communities, with many describing the experience as rewarding and meaningful.
This AI summary has been generated from reviews found on Facebook.
Is Habitat For Humanity Of Eastern Connecticut Inc legitimate?
Habitat For Humanity Of Eastern Connecticut Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Eastern Connecticut 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: $107,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $503,542
For more financial information, click here
Official website here: www.habitatect.org
What is the mission statement of Habitat For Humanity Of Eastern Connecticut Inc?
Habitat for Humanity of Eastern Connecticut, driven by the spirit of sharing, constructs decent and affordable homes in collaboration with families in need. This is achieved through the dedicated efforts of community volunteers, financial sponsors, and partner families, who find fulfillment by contributing their time, talents, and resources. The organization's primary goal is to make a significant impact in others' lives, help realize the dream of homeownership, and contribute to the elimination of substandard housing within the region. By engaging in these activities, Habitat for Humanity of Eastern Connecticut aims to provide a better quality of life for its partners and contribute to the eradication of inadequate housing.
Official website here: www.habitatect.org
Who is the CEO of Habitat For Humanity Of Eastern Connecticut Inc?
Sarah Lufler is the President of Habitat For Humanity Of Eastern Connecticut Inc.
Official website here: www.habitatect.org
What is the revenue of Habitat For Humanity Of Eastern Connecticut Inc?
Habitat For Humanity Of Eastern Connecticut Inc's revenue in 2022 was $1,972,521.
Official website here: www.habitatect.org
Who are the executives of Habitat For Humanity Of Eastern Connecticut Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Eastern Connecticut Inc during 2022 was $25,473. There are 24 employees and 574 volunteers at Habitat For Humanity Of Eastern Connecticut Inc.
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- Compensation: $80,269
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- Other: $9,009
Official website here: www.habitatect.org
Where can I find the form 990 for Habitat For Humanity Of Eastern Connecticut Inc?
Habitat For Humanity Of Eastern Connecticut Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatect.org
Learn more at the official website: www.habitatect.org
Mission Statement of Habitat For Humanity Of Eastern Connecticut Inc
Habitat for Humanity of Eastern Connecticut, in the spirit of shared responsibility, constructs affordable and decent homes in collaboration with families in need. This is achieved through the dedicated efforts of community volunteers, financial sponsors, and partner families who find fulfilling experiences by contributing their time, talents, and resources. The organization's objective is to make a significant impact in the lives of others, help realize the dream of homeownership, and contribute to the eradication of substandard housing in Eastern Connecticut. By pursuing this mission, Habitat for Humanity of Eastern Connecticut strives to create a positive change in the community, fostering an environment where everyone has access to a safe and affordable living space.
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Impact
July, 2024
Habitat For Humanity Of Eastern Connecticut Inc's impact can be seen in the tangible difference it makes in the lives of families in need. Through the construction of decent and affordable homes in partnership with these families, the organization contributes to fulfilling the dream of homeownership and helps eliminate sub-standard housing in Eastern Connecticut. In the past year, the affiliate successfully sold three homes to local families and worked on building four new home projects in Willimantic and Norwich, as well as one renovation in Killingly. With plans to sell six more homes in the next fiscal year, the organization is poised to continue its positive impact on the community. Additionally, the operation of two Restores provided significant net revenue to support Habitat For Humanity Of Eastern Connecticut Inc's mission. Grants from organizations such as CHFA and the City of Norwich, including ARPA funds, have been instrumental in funding new builds, further expanding the organization's reach and impact.
This information is meant to be a general summary of Habitat For Humanity Of Eastern Connecticut 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: -$7,828
- Program Service Revenue: $1,683,207
- Gross Receipts: $1,981,568
Assets and Liabilities:
- Total Assets: $5,778,398
- Total Liabilities: $1,010,558
- Net Assets: $4,767,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE
Revenue
$1,143,984
TRANSFER TO HOME OWNER
Revenue
$390,000
MORTGAGE LOAN DISC AMO
Revenue
$148,443
LAND LEASE PAYMENTS
Revenue
$780
Organization Details
Founding Year
1987
Phone
(860) 442-7890Principal Officer
Sarah Lufler
Main Address
377 BROAD STREET, NEW LONDON, CT, 06320
Website
www.habitatect.orgNTEE Category
Code: L20Z - Housing
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