Overview
What is Flower City Habitat For Humanity Inc?
Flower City Habitat for Humanity Inc, located at 755 Culver Road, Rochester, NY 14609, is a dedicated nonprofit organization focused on addressing the issue of affordable housing. Their mission revolves around building homeownership, communities, and hope in partnership with families in need. By purchasing and renovating residential properties, they aim to provide homes for individuals and families who cannot afford them otherwise. This is achieved by transferring the properties at non-interest bearing mortgages. During the fiscal year ending June 30, 2022, they successfully placed two new homeowners. The organization encourages its homebuyers to contribute to their own homes through 300 hours of sweat equity, working alongside volunteers, and paying an affordable mortgage. With a team of 29 employees, Flower City Habitat for Humanity Inc is committed to making a positive impact on the local community by fostering homeownership and hope.
Official website here: www.rochesterhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Flower City Habitat For Humanity Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating is significant as it demonstrates the organization's commitment to transparency and effective financial management, which are crucial for building trust with donors and stakeholders. The charity boasts a perfect score in several key areas, showcasing its robust governance practices and independent oversight.
The organization excels in maintaining a majority independent board, with all 29 board members being independent, which ensures unbiased decision-making. Financially, Flower City Habitat is in a strong position, with a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its resources is directed toward its mission. Additionally, the charity has shown efficient fundraising practices with only $0.11 spent on fundraising for every dollar raised.
While the rating reflects highly favorable financial health and governance, it is important for potential donors to consider the organization's specific programs and the impact of its initiatives. Overall, Flower City Habitat For Humanity Inc stands out as a well-managed nonprofit with a clear commitment to accountability, making it a reliable choice for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Flower City Habitat For Humanity Inc legitimate?
Flower City Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flower City Habitat For Humanity 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: $151,917
Professional Fundraising Fees: $62,760
Other Salaries and Wages: $877,020
For more financial information, click here
Official website here: www.rochesterhabitat.org
What is the mission statement of Flower City Habitat For Humanity Inc?
Flower City Habitat for Humanity Inc's mission is centered around fostering homeownership, communities, and hope in collaboration with families in need of affordable housing. The organization follows a unique approach, where potential homeowners actively participate in building their own homes, contributing 300 hours of labor, known as sweat equity. In return, they are expected to pay an affordable mortgage. Beyond constructing new homes, Flower City Habitat for Humanity also engages in purchasing and renovating residential properties, transferring them to new homeowners at non-interest bearing mortgages. During the fiscal year ending June 30, 2022, the organization successfully placed two new homeowners.
Official website here: www.rochesterhabitat.org
Who is the CEO of Flower City Habitat For Humanity Inc?
Matthew J Flanigan is the Chairperson of Flower City Habitat For Humanity Inc. The CEO's salary of Flower City Habitat For Humanity Inc is $135,561 and their total compensation is $151,917.
Official website here: www.rochesterhabitat.org
What is the revenue of Flower City Habitat For Humanity Inc?
Flower City Habitat For Humanity Inc's revenue in 2022 was $8,289,507.
Official website here: www.rochesterhabitat.org
Who are the executives of Flower City Habitat For Humanity Inc and what are their salaries?
The average compensation at Flower City Habitat For Humanity Inc during 2022 was $35,481. There are 29 employees and 1101 volunteers at Flower City Habitat For Humanity Inc.
Here are 24 key members and their salaries (Flower City Habitat For Humanity Inc's CEO's salary is $135,561 and their total compensation is $151,917):
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- Compensation: $135,561
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- Other: $16,356
Official website here: www.rochesterhabitat.org
Where can I find the form 990 for Flower City Habitat For Humanity Inc?
Flower City Habitat For Humanity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rochesterhabitat.org
Learn more at the official website: www.rochesterhabitat.org
Mission Statement of Flower City Habitat For Humanity Inc
Flower City Habitat for Humanity Inc is committed to building homeownership, communities, and hope in partnership with families in need of affordable housing. Their mission, in essence, is to provide decent, affordable housing for those less fortunate. This organization achieves this by having the families they assist contribute 300 hours of sweat equity towards building their own homes, working alongside volunteers. After this, they are required to pay an affordable mortgage. In addition to this, Flower City Habitat for Humanity Inc also engages in the purchasing and renovation of residential properties, which they then transfer to new homeowners at non-interest bearing mortgages. During the fiscal year ending June 30, 2022, they placed two new homeowners under this program.
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Impact
August, 2024
Flower City Habitat For Humanity Inc's impact includes building homeownership, communities, and hope in partnership with families in need of affordable housing in Rochester, NY. They work towards developing a better habitat by purchasing and renovating residential properties and transferring them at non-interest bearing mortgages. During the fiscal year ended June 30, 2022, the organization successfully placed 2 new homeowners. Their mission involves empowering Habitat homebuyers to build their own homes through 300 hours of sweat equity alongside volunteers and pay an affordable mortgage. By providing decent and affordable housing opportunities, Flower City Habitat For Humanity Inc is making a positive impact on families and communities in need.
This information is meant to be a general summary of Flower City Habitat For Humanity 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: $30,443
- Program Service Revenue: $1,527,332
- Gross Receipts: $8,406,604
Assets and Liabilities:
- Total Assets: $10,778,351
- Total Liabilities: $712,198
- Net Assets: $10,066,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE INCOME
Revenue
$989,856
MORTGAGE HOME SALES
Revenue
$246,000
MORTGAGE DISCOUNT AMOR
Revenue
$197,065
OTHER PROGRAM INCOME
Revenue
$51,627
HOME REPAIR PROGRAM
Revenue
$42,784
Organization Details
Founding Year
1984
Phone
(585) 546-1470Principal Officer
Matthew J Flanigan
Main Address
755 CULVER ROAD, ROCHESTER, NY, 14609
Website
www.rochesterhabitat.orgNTEE Category
Code: L20Z - Housing
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