Overview
What is Habitat For Humanity In Nassau County New York?
Habitat for Humanity in Nassau County, New York, is a nonprofit organization committed to addressing housing affordability. They operate in Nassau County, constructing and renovating homes using volunteer labor, donated materials, and financial contributions. The completed homes are then sold to pre-qualified, low-income families at subsidized mortgage rates of 0%-2%, with the option for full forgiveness after 30 years. They require families to secure a first mortgage through an institutional lender, while maintaining a secondary mortgage by Habitat for Humanity in Nassau County, New York, which also becomes fully forgiven after 30 years. Their mission is to provide decent, affordable housing for qualifying families in Nassau County, New York, with a workforce of just two dedicated individuals.
Official website here: www.habitatnassau.org
Is Habitat For Humanity In Nassau County New York legitimate?
Habitat For Humanity In Nassau County New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity In Nassau County New York 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: $115,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.habitatnassau.org
What is the mission statement of Habitat For Humanity In Nassau County New York?
Habitat for Humanity in Nassau County, New York, is committed to providing decent and affordable housing for qualifying families. They achieve this by building and renovating homes utilizing volunteer labor, donated materials, and contributed funds. The homes are then sold to pre-qualified, low-income families at subsidized mortgage rates, often with interest rates as low as 0% to 2%. Each family is required to obtain a first mortgage through an institutional lender. Additionally, Habitat for Humanity in Nassau County holds a second mortgage against the home, which is forgiven after a period of 30 years. This initiative not only provides families with a place to call home but also empowers them to secure a stable financial future.
Official website here: www.habitatnassau.org
Who is the CEO of Habitat For Humanity In Nassau County New York?
Myrnissa Stone is the Treasurer of Habitat For Humanity In Nassau County New York.
Official website here: www.habitatnassau.org
What is the revenue of Habitat For Humanity In Nassau County New York?
Habitat For Humanity In Nassau County New York's revenue in 2022 was $400,165.
Official website here: www.habitatnassau.org
Who are the executives of Habitat For Humanity In Nassau County New York and what are their salaries?
The average compensation at Habitat For Humanity In Nassau County New York during 2022 was $57,838. There are 2 employees and 16 volunteers at Habitat For Humanity In Nassau County New York.
Here are 11 key members and their salaries:
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- Compensation: $138,522
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Official website here: www.habitatnassau.org
Where can I find the form 990 for Habitat For Humanity In Nassau County New York?
Habitat For Humanity In Nassau County New York's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatnassau.org
Learn more at the official website: www.habitatnassau.org
Mission Statement of Habitat For Humanity In Nassau County New York
Habitat for Humanity in Nassau County, New York, is dedicated to providing decent and affordable housing for qualifying families. This nonprofit organization achieves this mission by constructing and renovating homes in the area. They rely on volunteer labor, donated materials, and contributed funds to carry out their projects. Once completed, these homes are sold to pre-qualified, low-income families at a cost that ranges from 0% to 2%.
Interestingly, each family is required to secure a first mortgage through an institutional lender for a subsidized mortgage amount. Moreover, Habitat for Humanity in Nassau County holds a second mortgage against the home. This second mortgage is forgivable after 30 years, providing long-term affordability for the families. This unique approach allows the organization to make housing more accessible to those in need, fostering stable living conditions and fostering community growth.
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Impact
October, 2024
Habitat for Humanity in Nassau County, New York, plays a pivotal role in addressing the housing crisis for low-income families in the region. By building and renovating homes, it offers qualifying families an opportunity to secure decent and affordable housing. This initiative not only provides shelter but also fosters a sense of stability and community among residents.
Utilizing volunteer labor and donated materials, Habitat constructs homes that are sold to families at cost, ensuring that these homes remain accessible to those in need. Families are supported through a unique financial model that includes a first mortgage obtained through institutional lenders, with subsidized interest rates between 0% and 2% that are forgivable after 30 years. This arrangement significantly lowers the long-term financial burden, making homeownership achievable for low-income families.
The impact of Habitat for Humanity in Nassau County extends beyond housing; it revitalizes neighborhoods, empowers families, and promotes community development. By equipping families with the skills and support needed for homeownership, Habitat fosters self-reliance and strength within the community, ultimately contributing to a better quality of life for its residents.
This information is meant to be a general summary of Habitat For Humanity In Nassau County New York. 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: $20
- Program Service Revenue: $280,768
- Gross Receipts: $400,165
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GAIN ON SALES OF HOMES
Revenue
$276,061
MORTGAGE DISC. AMORT.
Revenue
$4,707
Organization Details
Founding Year
1992
Phone
(631) 924-4966Principal Officer
Myrnissa Stone
Main Address
643 MIDDLE COUNTRY ROAD, MIDDLE ISLAND, NY, 11953
Website
www.habitatnassau.orgNTEE Category
Code: L20Z - Housing
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