Overview
What is Paterson Habitat For Humanityinc?
Paterson Habitat for Humanityinc is a nonprofit organization situated in Paterson, New Jersey, with a mission to bring people together, constructing and renovating homes for those in need. The organization operates primarily in Passaic County, providing a hand up to families and individuals struggling to afford housing. They work towards revitalizing distressed neighborhoods, creating communities that people are proud to call home. With contributions of funds, volunteer labor, and in-kind materials/services, Paterson Habitat for Humanityinc constructs, repairs, and sells homes to income-qualified partner families at affordable prices and mortgages. They offer extensive pre and post-sale financial, social, home-maintenance, and other support services to ensure the success of their homeowners. In the fiscal year 2022, they completed four recycled homes, broke ground on six new single-family homes, and launched a new critical repair program to support the community. The organization also works on predevelopment for additional single-family units and a mixed-use concept, providing supportive housing and childcare for single mothers. The ongoing COVID-19 pandemic has slightly reduced their volunteer service hours.
Official website here: www.patersonhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Paterson Habitat For Humanity Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to transparency and effective financial management. The organization scored 90% in Accountability & Finance and a perfect 100% in Leadership & Adaptability, indicating that it is well-governed and operates with integrity. The independent composition of its board and the presence of comprehensive policies further enhance its accountability.
The nonprofit demonstrates a high program expense ratio of 83.50%, suggesting a significant portion of its funds is directed toward its charitable activities rather than administrative costs. Additionally, the organization invests in leadership development, which is crucial for sustaining its mission over time. Its commitment to good governance is evident through its adherence to various best practices and policies, such as conflict of interest and whistleblower protections.
While the ratings are positive overall, potential donors and volunteers may still want to look into specific program outcomes or community impact to gain a fuller picture of the organization's effectiveness. However, the financial health and governance structure indicate that Paterson Habitat For Humanity Inc is a reliable and responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Paterson Habitat For Humanityinc?
96% of 24 reviewers on Facebook recommend Paterson Habitat for Humanity. Here is a summary of their reviews:
Many individuals express their satisfaction with the organization, highlighting the positive experiences they've had while volunteering. One reviewer notes the rewarding feeling of helping someone secure a home and praises the friendliness of the team involved. The sense of community and the impact of their work on people's lives are also frequently mentioned, suggesting that the organization excels in fostering a supportive environment for both volunteers and those they assist.
Overall, it appears that Paterson Habitat for Humanity successfully meets the expectations of its supporters, providing valuable services and making a meaningful difference in the lives of those in need.
This AI summary has been generated from reviews found on Facebook.
Is Paterson Habitat For Humanityinc legitimate?
Paterson Habitat For Humanityinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paterson Habitat For Humanityinc 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: $315,257
Professional Fundraising Fees: $0
Other Salaries and Wages: $949,926
For more financial information, click here
Official website here: www.patersonhabitat.org
What is the mission statement of Paterson Habitat For Humanityinc?
Paterson Habitat for Humanityinc's mission is centered around bringing people together to construct homes, communities, and hope. They serve families and individuals in need by partnering with them to build or improve a place they can call their own. The organization's efforts encompass both affordable home ownership and community redevelopment initiatives, aiming to revitalize distressed neighborhoods and create communities that people are proud to call home. By collaborating with the community, they strive to create sustainable living environments.
Official website here: www.patersonhabitat.org
Who is the CEO of Paterson Habitat For Humanityinc?
Scott Millard is the Board Member of Paterson Habitat For Humanityinc. The CEO's salary of Paterson Habitat For Humanityinc is $150,703 and their total compensation is $167,002.
Official website here: www.patersonhabitat.org
What is the revenue of Paterson Habitat For Humanityinc?
Paterson Habitat For Humanityinc's revenue in 2022 was $11,477,809.
Official website here: www.patersonhabitat.org
Who are the executives of Paterson Habitat For Humanityinc and what are their salaries?
The average compensation at Paterson Habitat For Humanityinc during 2022 was $35,144. There are 36 employees and 1304 volunteers at Paterson Habitat For Humanityinc.
Here are 19 key members and their salaries (Paterson Habitat For Humanityinc's CEO's salary is $150,703 and their total compensation is $167,002):
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- Compensation: $150,703
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- Compensation: $117,712
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- Other: $37,581
Official website here: www.patersonhabitat.org
Where can I find the form 990 for Paterson Habitat For Humanityinc?
Paterson Habitat For Humanityinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.patersonhabitat.org
Learn more at the official website: www.patersonhabitat.org
Mission Statement of Paterson Habitat For Humanityinc
Paterson Habitat for Humanityinc, a nonprofit organization, is committed to bringing people together to construct homes, communities, and hope. Their primary mission is to serve families and individuals in need of assistance by partnering with them to build or improve a place they can call home. Through a blend of affordable home ownership and community redevelopment initiatives, Paterson Habitat for Humanityinc aims to revitalize distressed neighborhoods and create communities that people desire to reside in. By merging these efforts, the organization strives to strengthen communities and provide a hand up to those in need, ultimately helping to create sustainable living environments.
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Impact
October, 2024
Paterson Habitat for Humanity, Inc. has a significant impact on the community by facilitating home construction, renovation, and repair projects that transform lives and neighborhoods. By uniting individuals and resources—including financial contributions, volunteer labor, and in-kind materials—the organization builds and renovates homes, selling them at affordable prices to income-qualified families.
In FY22 alone, Paterson Habitat completed four recycled homes and broke ground on six new single-family homes, along with a mixed-use building aimed at providing critical services for veterans and additional housing. The introduction of a new critical repair program and ongoing development of nine additional single-family units reflect their commitment to addressing housing needs comprehensively.
Furthermore, the organization doesn't just stop at providing houses; it equips families with the tools they need to thrive as homeowners. Extensive pre and post-sale support in financial literacy, social services, and home maintenance helps ensure long-term success for these families. Even amidst the challenges posed by the COVID-19 pandemic, which hindered volunteer participation, Paterson Habitat remains dedicated to revitalizing distressed neighborhoods, creating safe, inviting places for current and future generations to call home.
This information is meant to be a general summary of Paterson Habitat For Humanityinc. 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: -$55,870
- Program Service Revenue: $2,824,519
- Gross Receipts: $14,443,468
Assets and Liabilities:
- Total Assets: $19,525,437
- Total Liabilities: $9,262,236
- Net Assets: $10,263,201
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE LOAN AMORTIZATION
Revenue
$1,546,020
RESTORE SALES
Revenue
$1,019,450
SALE OF HOUSES
Revenue
$150,000
INVESTMENT IN JOINT VENTURES
Revenue
$109,049
Organization Details
Founding Year
1984
Phone
(973) 595-6868Principal Officer
Scott Millard
Main Address
146 NORTH 1ST STREET, PATERSON, NJ, 07522
Website
www.patersonhabitat.orgNTEE Category
Code: L20 - Housing
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