Overview
What is Habitat For Humanity In Monmouth County Inc?
Habitat for Humanity in Monmouth County Inc is a dedicated nonprofit organization, functioning as an affiliate of Habitat for Humanity International, situated in Freehold, New Jersey. Their primary mission is to eradicate substandard housing worldwide and assist low-income families in achieving homeownership. They accomplish this by constructing new, affordable homes, with the active participation of at least 450 hours of 'sweat equity' from the future homeowners. Upon completion, these homes are sold at no profit, and the families are provided with a low-interest loan. The revenues generated from home sales are utilized to fund additional housing projects. With a team of 27 employees, Habitat for Humanity in Monmouth County Inc is committed to making decent housing a reality for any family willing to work towards their dream.
Official website here: www.habitatmonmouth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Habitat For Humanity in Monmouth County Inc has achieved a high rating of 96% from Charity Navigator, which indicates a strong commitment to accountability and finance. This organization receives its score entirely from its performance in these areas, reflecting a well-structured and transparent financial operation.
The organization boasts an entirely independent board, with all 10 members meeting criteria for independence. It demonstrates excellent financial oversight, with a robust audit and oversight committee, and maintains a low ratio of liabilities to assets. Program expenses are prioritized, with 86.02% of its expenses directed toward its mission-driven activities, which is a significant strength of the organization.
While the financial indicators are positive, the summary does not delve into the organization's programmatic impact or community feedback, which could provide a more comprehensive view of its effectiveness and reach. Overall, Habitat For Humanity in Monmouth County Inc demonstrates financial responsibility and good governance practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Habitat For Humanity In Monmouth County Inc?
96% of 24 reviewers on Facebook would recommend Habitat For Humanity in Monmouth County Inc. Here is a summary of their reviews: The organization is praised for its impactful initiatives, particularly the "art for homes project," which has excited and inspired participants. Many appreciate the positive atmosphere and the sense of community that the nonprofit fosters.
Overall, people express satisfaction with their experiences, highlighting the dedication and compassion of those involved. The positive sentiment reflects a strong commitment to the organization's mission and a genuine appreciation for its efforts in helping others in the community.
This AI summary has been generated from reviews found on Facebook.
Is Habitat For Humanity In Monmouth County Inc legitimate?
Habitat For Humanity In Monmouth County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity In Monmouth 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $602,501
For more financial information, click here
Official website here: www.habitatmonmouth.org
What is the mission statement of Habitat For Humanity In Monmouth County Inc?
Habitat For Humanity In Monmouth County Inc, an affiliate of Habitat for Humanity International, strives to eliminate substandard housing globally. The organization aids low-income families in achieving the dream of homeownership. It accomplishes this by constructing new homes, ensuring that decent and affordable housing becomes within reach of any family eager to work towards their aspiration. Habitat for Humanity collaborates with the families who will inhabit the homes, requiring them to contribute at least 450 hours of labor, known as "sweat equity." Upon completion, the home is sold at no profit, with a low-interest loan to the partner family. The revenue generated from home sales is utilized to finance the construction of additional houses.
Official website here: www.habitatmonmouth.org
Who is the CEO of Habitat For Humanity In Monmouth County Inc?
Diane Kinnane is the President of Habitat For Humanity In Monmouth County Inc.
Official website here: www.habitatmonmouth.org
What is the revenue of Habitat For Humanity In Monmouth County Inc?
Habitat For Humanity In Monmouth County Inc's revenue in 2023 was $1,825,073.
Official website here: www.habitatmonmouth.org
Who are the executives of Habitat For Humanity In Monmouth County Inc and what are their salaries?
The average compensation at Habitat For Humanity In Monmouth County Inc during 2023 was $22,315. There are 27 employees and 200 volunteers at Habitat For Humanity In Monmouth County Inc.
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- Compensation: $64,758
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Official website here: www.habitatmonmouth.org
Where can I find the form 990 for Habitat For Humanity In Monmouth County Inc?
Habitat For Humanity In Monmouth County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.habitatmonmouth.org
Learn more at the official website: www.habitatmonmouth.org
Mission Statement of Habitat For Humanity In Monmouth County Inc
Habitat For Humanity In Monmouth County Inc, as an affiliate of Habitat for Humanity International, is committed to eliminating substandard housing worldwide. This local organization stands out by helping low-income families achieve the dream of home ownership. By building new houses, Habitat for Humanity in Monmouth County Inc makes decent and affordable housing an attainable goal for any family willing to work towards it. The organization requires at least 450 hours of "sweat equity" from the families who will reside in the homes. Once constructed, the houses are sold at no profit, with a low-interest loan extended to the partner family. The proceeds from the sale of these homes are then utilized to fund the construction of additional homes, thereby expanding the reach of affordable housing solutions.
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Impact
October, 2024
In Monmouth County, Habitat For Humanity is making a significant impact by transforming the lives of low-income families through home ownership. By constructing new homes, the organization helps make decent and affordable housing accessible to those willing to invest their time and effort. Each partner family contributes at least 450 hours of "sweat equity" to the building process, fostering a strong sense of community and personal investment in their new home.
Once completed, these homes are sold at no profit, coupled with low-interest loans, ensuring financial viability for families that might otherwise struggle to afford adequate housing. This model not only equips families with stable living conditions but also promotes the cycle of empowerment, as proceeds from home sales are reinvested into building additional houses. Through this ongoing commitment, Habitat For Humanity in Monmouth County is actively addressing the challenge of substandard housing, enabling families to realize their dreams of home ownership and fostering stronger, more resilient communities.
This information is meant to be a general summary of Habitat For Humanity In Monmouth 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 2023.
- Investment Income: -$147
- Program Service Revenue: $948,940
- Gross Receipts: $1,879,344
Assets and Liabilities:
- Total Assets: $1,905,155
- Total Liabilities: $249,625
- Net Assets: $1,655,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE INCOME
Revenue
$738,563
SALE OF HOME
Revenue
$152,500
MORTGAGE DISCOUNT AMORTIZATIO
Revenue
$53,546
PROGRAM FEES
Revenue
$4,331
Organization Details
Founding Year
1993
Phone
(732) 728-0441Principal Officer
Diane Kinnane
Main Address
45 SOUTH STREET, FREEHOLD, NJ, 07728
Website
www.habitatmonmouth.orgNTEE Category
Code: L20 - Housing
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