Overview
What is Habitat For Humanity Housing Development Fund Company Inc?
Habitat For Humanity Housing Development Fund Company Inc, based in New York City, is a dedicated nonprofit organization that strives to create a more equitable living environment in New York. By constructing and preserving affordable homes and advocating for housing policies, they aim to address the historical housing injustice in the community. Primarily serving low- to moderate-income New Yorkers earning approximately 50 to 90 percent of the area median income, they have served over 1,900 families since their inception. Their efforts encompass homeownership, housing preservation, and advocacy initiatives, working tirelessly to improve the living conditions of many New York residents.
Official website here: www.habitatnycwc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
Habitat For Humanity Housing Development Fund Company Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 72%. This rating is based solely on the organization's accountability and finance practices, indicating a strong emphasis on transparency and good governance. The charity has demonstrated a commitment to maintaining a board comprised entirely of independent members and has not experienced any material diversion of assets.
The organization excels in several key areas, including a high program expense ratio of 98.53%, which suggests that the majority of its funds are directed towards supporting its mission. Additionally, it adheres to best practices regarding governance policies, including conflict of interest and whistleblower protections, all of which are listed and accounted for in their reporting.
However, the charity's liabilities to assets ratio is notably low at 99.49%, which detracts from its overall score and indicates potential financial stability concerns. While the charity shows strong accountability practices, the financial ratios suggest that there may be room for improvement in its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Housing Development Fund Company Inc legitimate?
Habitat For Humanity Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Housing Development Fund Company 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: $26,105
For more financial information, click here
Official website here: www.habitatnycwc.org
What is the mission statement of Habitat For Humanity Housing Development Fund Company Inc?
Habitat For Humanity Housing Development Fund Company Inc strives to create a more equitable society by constructing and preserving affordable housing units. Primarily serving low-to-moderate income earners, roughly 50-90% of the area median income, they aim to mitigate the historical legacy of housing injustice. Since the establishment of its associated organization, Habitat New York City and Westchester County, Inc., the company and its affiliates have assisted over 1,900 families through homeownership, housing preservation, and advocacy initiatives. By advocating for housing policies, the organization seeks to empower communities in addressing long-standing housing inequality issues.
Official website here: www.habitatnycwc.org
What is the revenue of Habitat For Humanity Housing Development Fund Company Inc?
Habitat For Humanity Housing Development Fund Company Inc's revenue in 2024 was $44,827.
Official website here: www.habitatnycwc.org
Who are the executives of Habitat For Humanity Housing Development Fund Company Inc and what are their salaries?
There 2 volunteers at Habitat For Humanity Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $145,295
- Other: $29,373
- Compensation: $0
- Related: $294,666
- Other: $31,891
- Compensation: $0
- Related: $140,753
- Other: $45,026
Official website here: www.habitatnycwc.org
Where can I find the form 990 for Habitat For Humanity Housing Development Fund Company Inc?
Habitat For Humanity Housing Development Fund Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.habitatnycwc.org
Learn more at the official website: www.habitatnycwc.org
Mission Statement of Habitat For Humanity Housing Development Fund Company Inc
Habitat for Humanity Housing Development Fund Company Inc, as a mission-driven organization, strives to create a more equitable New York by developing and preserving affordable homes and advocating for housing policies. This nonprofit primarily serves low-to-moderate-income New Yorkers, earning roughly 50 to 90 percent of the area median income. Since the establishment of Habitat New York City and Westchester County Inc, and with the involvement of its affiliates, Habitat for Humanity HDFC has served more than 1,900 families through various initiatives such as homeownership, housing preservation, and advocacy. By committing to this mission, Habitat for Humanity HDFC aims to help communities address the historic legacy of housing injustice.
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Impact
October, 2024
Habitat For Humanity Housing Development Fund Company Inc significantly impacts New York's housing landscape by developing and preserving affordable homes for low- to moderate-income residents. By focusing on families earning approximately 50-90% of the area median income, the organization addresses critical housing needs and contributes to creating equitable communities.
Since its inception, Habitat for Humanity HDFC and its affiliates have positively influenced the lives of over 1,900 families through initiatives in homeownership, housing preservation, and advocacy. The organization's efforts not only provide safe and affordable housing options but also actively advocate for policies that rectify the historical injustices in housing, thereby empowering communities to thrive. Their work plays a crucial role in fostering stability and economic opportunity for those who have often been marginalized in the housing market.
This information is meant to be a general summary of Habitat For Humanity Housing Development Fund Company 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 2024.
- Program Service Revenue: $44,827
- Gross Receipts: $44,827
Assets and Liabilities:
- Total Assets: $1,017,968
- Total Liabilities: $1,017,968
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE DISC. AMORTIZ
Revenue
$44,827
Organization Details
Founding Year
1984
Principal Officer
Alexander Havriliak
Website
www.habitatnycwc.orgNTEE Category
Code: L20 - Housing
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