Overview
What is Habitat For Humanity Virginia?
Habitat for Humanity Virginia is a dedicated nonprofit organization situated in Charlottesville, Virginia. Its primary mission is to assist affiliated organizations within Virginia in constructing or facilitating affordable housing. To achieve this goal, they provide essential support in the form of advocacy, organizational development, funding, and resource development. With a modest team of five employees, Habitat for Humanity Virginia plays a significant role in improving housing affordability across Virginia, contributing to the betterment of numerous communities and families in need.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Habitat For Humanity Virginia has received an 81% score, which reflects a strong emphasis on accountability and finance. The organization boasts an independent board with 100% of its members being independent, indicating a solid governance structure. The financial oversight is marked by a comprehensive audit process and a full conflict of interest policy, contributing positively to its financial health.
The program expense ratio stands at an impressive 91.19%, highlighting that the majority of its funds are directed towards program services rather than administrative costs. However, the liabilities to assets ratio of 62.33% suggests that the organization has a moderate level of debt compared to its assets, which may be a point of concern for potential donors.
Overall, Habitat For Humanity Virginia demonstrates a commitment to financial transparency and effective program delivery. While its governance and financial metrics are commendable, potential supporters may want to consider the implications of its liabilities when evaluating its overall financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Virginia legitimate?
Habitat For Humanity Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Virginia 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: $230,434
For more financial information, click here
What is the mission statement of Habitat For Humanity Virginia?
Habitat for Humanity Virginia supports local affiliates in their mission to construct or facilitate affordable housing. They accomplish this through various means, including advocacy, organizational development, securing funding, and resource development. The organization's primary goal is to aid these affiliates in providing housing solutions for those in need. By offering these resources, Habitat for Humanity Virginia aims to contribute to the creation of more affordable and accessible housing options across Virginia. Their mission is centered around empowering local affiliates to make a tangible impact on their communities, ultimately improving the living conditions for many families.
Who is the CEO of Habitat For Humanity Virginia?
Overton Mcgehee is the Executive Director of Habitat For Humanity Virginia.
What is the revenue of Habitat For Humanity Virginia?
Habitat For Humanity Virginia's revenue in 2022 was $1,139,109.
Who are the executives of Habitat For Humanity Virginia and what are their salaries?
The average compensation at Habitat For Humanity Virginia during 2022 was $46,087. There are 5 employees and 7 volunteers at Habitat For Humanity Virginia.
Here are 9 key members and their salaries:
- Compensation: $70,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Habitat For Humanity Virginia?
Habitat For Humanity Virginia's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Habitat For Humanity Virginia
Habitat for Humanity Virginia, as a supporting organization, aims to empower its Virginia affiliates by providing them with necessary resources and tools. Its mission is centered around advocacy, organizational development, funding, and resource development. This mission enables the Virginia affiliates to construct or facilitate the development of affordable housing within their communities. By offering these support services, Habitat for Humanity Virginia contributes significantly to making housing more accessible and affordable for many individuals and families in Virginia.
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Impact
October, 2024
Habitat for Humanity Virginia significantly enhances the capacity of local affiliates to address the affordable housing crisis across the state. Through advocacy, organizational development, funding, and resource development, it empowers communities to create and sustain affordable housing solutions. By facilitating partnerships and providing essential resources, Habitat for Humanity Virginia enables local affiliates to build homes, strengthen neighborhoods, and offer families the opportunity for stable housing. This impactful support not only addresses immediate shelter needs but also fosters long-term community development and economic stability in Virginia.
This information is meant to be a general summary of Habitat For Humanity Virginia. 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: $598
- Program Service Revenue: $568,371
- Gross Receipts: $1,139,109
Assets and Liabilities:
- Total Assets: $2,675,255
- Total Liabilities: $1,720,751
- Net Assets: $954,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee Income
Revenue
$42,823
Gain/(Loss)on Sale
Revenue
-$133,100
Other Income
Revenue
$337,174
NSP Program Revenue
Revenue
$321,474
Organization Details
Founding Year
2005
Phone
(804) 929-8436Principal Officer
Overton Mcgehee
Main Address
PO Box 4826, Charlottesville, VA, 22905
NTEE Category
Code: L20Z - Housing
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