Overview
What is Fayette County Habitat For Humanity?
Fayette County Habitat for Humanity is a nonprofit organization situated in La Grange, Texas. It specializes in constructing affordable housing for eligible recipients, primarily relying on a volunteer workforce. The organization incurs expenses during the construction process, but the eventual cost of the houses, which is significantly lower than their market value, is repaid to the affiliate over a 30-year period through the recipient's interest-free mortgage payments. Currently, Fayette County Habitat for Humanity holds eight mortgages for the houses they've completed. Their mission remains steadfast in providing affordable housing solutions through the power of volunteer labor.
Is Fayette County Habitat For Humanity legitimate?
Fayette County Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayette County Habitat For Humanity 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: $50,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Fayette County Habitat For Humanity?
Fayette County Habitat for Humanity's mission is centered around constructing affordable housing for qualified recipients. This is achieved primarily through the involvement of a volunteer workforce. Although the affiliate incurs expenses during the construction process, the cost of the houses, which is significantly lower than the market value, is repaid to the affiliate through interest-free mortgage payments made by the recipients over a period of 30 years. Currently, the affiliate holds eight mortgages for the houses that have been completed for qualified applicants. One house is still under construction.
Who is the CEO of Fayette County Habitat For Humanity?
Mel Burgess is the President of Fayette County Habitat For Humanity.
What is the revenue of Fayette County Habitat For Humanity?
Fayette County Habitat For Humanity's revenue in 2023 was $112,446.
Who are the executives of Fayette County Habitat For Humanity and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Fayette County Habitat For Humanity?
Fayette County Habitat For Humanity's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fayette County Habitat For Humanity
Fayette County Habitat for Humanity is dedicated to constructing affordable housing for qualified recipients. This mission is achieved through the organization's volunteer workforce. The majority of the construction and supervision is carried out by volunteers, reducing costs significantly. Although the affiliate incurs expenses during the construction process, the total cost of the houses, which is significantly lower than the market value, is repaid to the affiliate over a period of 30 years through the recipient's interest-free mortgage payments. Currently, Fayette County Habitat for Humanity holds eight mortgages for the homes that have been completed and provided to qualified applicants. As of now, one house is still under construction.
In essence, Fayette County Habitat for Humanity serves as a bridge between those in need of affordable housing and the community's volunteer spirit. By leveraging the time and skills of volunteers, the organization is able to construct homes at a lower cost, making them accessible to families who might otherwise struggle to afford housing. The interest-free mortgage payments, spanning over three decades, allow the affiliate to recoup its expenses while ensuring that the housing remains affordable for the recipients. Fayette County Habitat for Humanity's mission, therefore, is twofold: to provide affordable housing and to foster a sense of community through volunteer work.
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Impact
October, 2024
Fayette County Habitat For Humanity significantly impacts the local community by constructing affordable housing for qualified recipients. Through the dedicated efforts of volunteers, the organization manages the construction and supervision of homes, which helps keep costs well below the market value. This model not only provides families with the opportunity to own a home, but it also ensures that they can repay the expenses through interest-free mortgage payments over a 30-year period. Currently, the organization holds eight mortgages for homes completed and is in the process of constructing an additional house. This initiative helps to address housing insecurity, empowering families and strengthening the community in La Grange, TX.
This information is meant to be a general summary of Fayette County Habitat For Humanity. 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 2023.
- Investment Income: $361
- Program Service Revenue: $34,936
- Gross Receipts: $118,341
Assets and Liabilities:
- Total Assets: $808,599
- Total Liabilities: $1,126
- Net Assets: $807,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LATE FEES
Revenue
$70
WAREHOUSE SALES
Revenue
$34,866
Organization Details
Principal Officer
Mel Burgess
Main Address
PO BOX 1127, LA GRANGE, TX, 78945
NTEE Category
Code: L20 - Housing
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