Overview
What is Habitat For Humanity Of Coastal Fairfield County Inc?
Habitat For Humanity of Coastal Fairfield County (HFHCFC) is a local branch of Habitat for Humanity International, headquartered in Bridgeport, Connecticut. As an independent 501(c)(3) nonprofit organization, HFHCFC serves Coastal Fairfield County. Their mission is to create decent, safe, and affordable homes for ownership by low-income families. Eligible families show a need for improved housing, demonstrate a willingness to contribute 200-500 hours of labor, and have the ability to repay an affordable interest-free mortgage. Pre and post-sale social and support services are provided to help homeowners achieve stability and independence. HFHCFC aims to build community and improve lives through partnerships with families, volunteers, and donors, constructing and renovating simple, affordable homes in welcoming neighborhoods.
Official website here: www.habitatcfc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Habitat For Humanity Of Coastal Fairfield County Inc has earned an impressive Four-Star rating on Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 97% in the Accountability & Finance category, the organization demonstrates excellent governance practices, including a fully independent board and robust oversight mechanisms.
The charity excels in financial management, indicated by a high program expense ratio of 86.28%, meaning that the majority of its funds are allocated directly to its mission. Additionally, it boasts a low fundraising efficiency ratio of $0.09, which signifies that it efficiently raises funds relative to its expenses. The organization also maintains a solid working capital ratio of 2.54 years, indicating financial stability and the ability to meet its obligations.
However, there is a noted limitation in the absence of a whistleblower policy, which received a score of zero. This aspect may raise concerns regarding internal accountability. Overall, the organization's strengths in governance and financial performance significantly outweigh its limitations, highlighting its effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Coastal Fairfield County Inc legitimate?
Habitat For Humanity Of Coastal Fairfield County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Coastal Fairfield County 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: $1,505,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.habitatcfc.org
What is the mission statement of Habitat For Humanity Of Coastal Fairfield County Inc?
Habitat for Humanity of Coastal Fairfield County is a local affiliate of Habitat for Humanity International, dedicated to building communities and improving lives by partnering with low-income families, volunteers, and donors. Their mission is to provide simple, safe, and affordable homes for ownership by responsible families in need. To qualify, families must demonstrate a need for improved housing, a willingness to contribute 200-500 hours of "sweat equity," and the ability to repay an affordable interest-free mortgage. Extensive pre and post-sale social and support services are provided to ensure homeowners can build a better future for themselves and their families. Rooted in the conviction that everyone deserves decent shelter, Habitat for Humanity strives to create strong, stable, and independent communities.
Official website here: www.habitatcfc.org
Who is the CEO of Habitat For Humanity Of Coastal Fairfield County Inc?
Carolyn Vermont is the Chair of Habitat For Humanity Of Coastal Fairfield County Inc. The CEO's salary of Habitat For Humanity Of Coastal Fairfield County Inc is $157,500 and their total compensation is $169,261.
Official website here: www.habitatcfc.org
What is the revenue of Habitat For Humanity Of Coastal Fairfield County Inc?
Habitat For Humanity Of Coastal Fairfield County Inc's revenue in 2022 was $12,169,324.
Official website here: www.habitatcfc.org
Who are the executives of Habitat For Humanity Of Coastal Fairfield County Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Coastal Fairfield County Inc during 2022 was $45,630. There are 33 employees and 2781 volunteers at Habitat For Humanity Of Coastal Fairfield County Inc.
Here are 16 key members and their salaries (Habitat For Humanity Of Coastal Fairfield County Inc's CEO's salary is $157,500 and their total compensation is $169,261):
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- Compensation: $157,500
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- Other: $11,761
- Compensation: $106,595
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- Compensation: $63,171
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- Other: $1,895
- Compensation: $100,529
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- Other: $3,016
Official website here: www.habitatcfc.org
Where can I find the form 990 for Habitat For Humanity Of Coastal Fairfield County Inc?
Habitat For Humanity Of Coastal Fairfield County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatcfc.org
Learn more at the official website: www.habitatcfc.org
Mission Statement of Habitat For Humanity Of Coastal Fairfield County Inc
Habitat for Humanity of Coastal Fairfield County, a local affiliate of Habitat for Humanity International, strives to build communities and enhance lives by partnering with responsible, low-income families, community volunteers, and donors to construct and sell simple, safe, and affordable homes. Through new construction and renovation projects, this nonprofit organization aims to provide decent housing for families in need.
Habitat for Humanity of Coastal Fairfield County operates under the belief that every man, woman, and child deserves a place to live in dignity and safety. By offering a hand up, not a handout, the organization empowers families to improve their living conditions and build a brighter future for themselves and their loved ones. Partner families are carefully selected based on a demonstrated need for improved housing, their willingness to contribute 200-500 hours of sweat equity, and their ability to repay an affordable interest-free mortgage.
Upon becoming homeowners, families receive extensive pre and post-sale social and support services to help them succeed in their new homes. Habitat for Humanity of Coastal Fairfield County is more than just a housing provider; it is an organization dedicated to creating stable and welcoming neighborhoods where families can thrive. With a strong commitment to its mission, this nonprofit continues to make a difference in the lives of countless families, one home at a time.
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Impact
October, 2024
Habitat for Humanity of Coastal Fairfield County (HFHCFC) significantly impacts the community by providing home ownership opportunities to low-income families in need. Through both new construction and the renovation of existing properties, the organization creates safe, decent, and affordable homes. Partner families are selected based on their demonstrated need for improved housing, their commitment to invest time—referred to as "sweat equity"—in building their own homes or assisting other families, and their ability to repay a manageable, interest-free mortgage.
The organization also offers extensive pre- and post-sale social support services to help homeowners navigate challenges and thrive in their new environments. This holistic approach fosters strength, stability, and independence among families, empowering them to build better futures. By promoting home ownership, HFHCFC builds community and enhances quality of life, making a tangible difference in the lives of many, while also advocating for the belief that everyone deserves a safe and dignified place to call home.
This information is meant to be a general summary of Habitat For Humanity Of Coastal Fairfield County 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: $79,117
- Program Service Revenue: $3,527,206
- Gross Receipts: $12,311,754
Assets and Liabilities:
- Total Assets: $19,556,234
- Total Liabilities: $6,288,533
- Net Assets: $13,267,701
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$1,950,206
SALES TO HOMEOWNERS
Revenue
$1,577,000
Organization Details
Founding Year
1985
Phone
(203) 333-2642Principal Officer
Carolyn Vermont
Main Address
1542 BARNUM AVENUE, BRIDGEPORT, CT, 06610
Website
www.habitatcfc.orgNTEE Category
Code: L20Z - Housing
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