Overview
What is Habitat For Humanity Metrowest- Greater Worcester Inc?
Habitat for Humanity Metrowest-Greater Worcester Inc, based in Worcester, Massachusetts, is a dedicated nonprofit organization focused on affordable housing. Their mission is to embody God's love through action, by bringing people together to construct homes, foster communities, and inspire hope. Their operations primarily involve constructing homes for qualified buyers whose income falls between 30% and 60% of the median family income within the area. With a workforce of 31 individuals, they continue to contribute to the community by providing a decent place to live for those in need.
Official website here: www.habitatmwgw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Habitat For Humanity Metrowest- Greater Worcester Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The charity's score is entirely based on its accountability and finance metrics, which indicate a strong commitment to good governance practices, including a fully independent board and comprehensive financial oversight.
Strengths include high scores in several areas, such as having a majority of independent board members and robust financial statement oversight. The organization also demonstrates good fiscal management, with a respectable program expense ratio of 81.31%, indicating that a significant portion of its funds directly supports its mission. Additionally, the charity has established policies for conflict of interest and whistleblower protections, which enhance transparency.
However, the organization faces challenges regarding fundraising efficiency, with a ratio of $0.15 raised per dollar of expenses, which might indicate a need for improvement in fundraising strategies. Moreover, while the liabilities to assets ratio shows manageable debt levels, it still reflects areas where financial health could be further optimized. Overall, the organization displays strong governance but may need to focus on enhancing fundraising efforts to bolster its operational capacity.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Metrowest- Greater Worcester Inc legitimate?
Habitat For Humanity Metrowest- Greater Worcester Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Metrowest- Greater Worcester 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: $211,993
Professional Fundraising Fees: $0
Other Salaries and Wages: $795,314
For more financial information, click here
Official website here: www.habitatmwgw.org
What is the mission statement of Habitat For Humanity Metrowest- Greater Worcester Inc?
Habitat For Humanity Metrowest-Greater Worcester Inc's mission is centered around promoting a world where everyone has access to a decent place to live. They strive to put God's love into action, bringing people together to construct homes, communities, and hope. Their mission is guided by seeking to alleviate housing needs, particularly for individuals whose income falls between 30% and 60% of the median family income in the area. Through their initiatives, they aim to address the housing crisis, providing a foundation for improved living conditions and fostering hope within communities.
Official website here: www.habitatmwgw.org
Who is the CEO of Habitat For Humanity Metrowest- Greater Worcester Inc?
Deborah A Maruca Hoak is the Executive Di of Habitat For Humanity Metrowest- Greater Worcester Inc.
Official website here: www.habitatmwgw.org
What is the revenue of Habitat For Humanity Metrowest- Greater Worcester Inc?
Habitat For Humanity Metrowest- Greater Worcester Inc's revenue in 2022 was $6,746,500.
Official website here: www.habitatmwgw.org
Who are the executives of Habitat For Humanity Metrowest- Greater Worcester Inc and what are their salaries?
The average compensation at Habitat For Humanity Metrowest- Greater Worcester Inc during 2022 was $32,494. There are 31 employees and 3396 volunteers at Habitat For Humanity Metrowest- Greater Worcester Inc.
Here are 16 key members and their salaries:
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Official website here: www.habitatmwgw.org
Where can I find the form 990 for Habitat For Humanity Metrowest- Greater Worcester Inc?
Habitat For Humanity Metrowest- Greater Worcester Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatmwgw.org
Learn more at the official website: www.habitatmwgw.org
Mission Statement of Habitat For Humanity Metrowest- Greater Worcester Inc
Habitat for Humanity Metrowest-Greater Worcester Inc is an organization that is deeply committed to addressing the issue of affordable housing. Their overarching vision is a world where everyone has the opportunity to live in a decent home. To bring this vision to life, the organization follows a mission that encapsulates the essence of putting God's love into action. This mission involves bringing people together to construct homes, build communities, and foster hope. By doing so, Habitat for Humanity Metrowest-Greater Worcester Inc not only provides a physical structure but also contributes to the creation of supportive communities and a sense of hope for those in need.
Qualified buyers who fall within the income bracket of 30% to 60% of the median family income for the area are the primary beneficiaries of Habitat for Humanity Metrowest-Greater Worcester Inc's initiatives. The organization's mission is not solely focused on constructing homes; it also extends to fostering a sense of community and hope among its recipients. By providing affordable housing, the organization empowers individuals and families, enabling them to focus on other aspects of their lives, such as education, employment, and personal growth. In essence, Habitat for Humanity Metrowest-Greater Worcester Inc is dedicated to making a meaningful impact on people's lives by addressing one of the most fundamental needs: a decent place to call home.
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Impact
October, 2024
Habitat For Humanity Metrowest-Greater Worcester Inc. plays a vital role in addressing the affordable housing crisis in Worcester, Massachusetts, by constructing homes for families in need. The organization focuses on assisting qualified buyers whose incomes range from 30% to 60% of the area's median family income, helping them achieve the dream of homeownership.
Through its efforts, Habitat for Humanity not only builds houses but also fosters a sense of community, bringing people together to collaborate on meaningful projects. This dedication to creating safe and affordable living conditions contributes to the overall well-being and stability of families, empowering them to thrive. The organization's vision of ensuring that everyone has a decent place to live reflects its profound commitment to community development and social equity, ultimately promoting hope and transforming lives through homeownership.
This information is meant to be a general summary of Habitat For Humanity Metrowest- Greater Worcester 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.
- Program Service Revenue: $229,040
- Gross Receipts: $6,768,889
Assets and Liabilities:
- Total Assets: $8,022,000
- Total Liabilities: $2,493,257
- Net Assets: $5,528,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE DISCOUNT
Revenue
$229,040
Organization Details
Founding Year
1985
Phone
(508) 799-9259Principal Officer
Deborah A Maruca Hoak
Main Address
640 LINCOLN STREET SUITE 100, WORCESTER, MA, 01605
Website
www.habitatmwgw.orgNTEE Category
Code: L20 - Housing
If you are a representative of Habitat For Humanity Metrowest- Greater Worcester Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.