Overview
What is Coastal Habitat For Humanity?
Coastal Habitat for Humanity is a nonprofit organization that specializes in constructing and repairing homes for families with low income. They provide the necessary financing to help these families achieve homeownership. In addition to their building projects, they operate Restore, a retail facility that sells donated home furnishings. The revenue generated from these sales supports their mission. Volunteers play a significant role in Coastal Habitat for Humanity, primarily contributing to the construction and repair efforts.
Official website here: www.coastalhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Coastal Habitat For Humanity has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The rating reflects a strong commitment to governance, with a fully independent board and robust financial oversight, which shows the organization’s reliability in managing funds and resources effectively.
The organization excels in various aspects, including having a full complement of independent board members and a transparent conflict of interest and whistleblower policies. Their financial statements are well-managed, and there are no reported issues related to material diversion of assets, showcasing a commitment to ethical operations.
However, the program expense ratio of 58% suggests that there may be room for improvement in programmatic spending compared to administrative costs. While the financial health indicators are encouraging, the lower program expense ratio could be a concern for potential donors looking to maximize the impact of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Coastal Habitat For Humanity legitimate?
Coastal Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coastal Habitat For Humanity 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: $397,606
For more financial information, click here
Official website here: www.coastalhabitat.org
What is the mission statement of Coastal Habitat For Humanity?
Coastal Habitat for Humanity is dedicated to constructing and repairing homes for families with limited income, offering financing as a part of their services. Apart from their building initiatives, they also operate a retail facility called Restore, which sells donated home furnishings to contribute to their mission's funding. The organization primarily relies on volunteers to contribute to their construction and repair efforts. In essence, their mission is to provide affordable housing solutions and support for low-income families.
Official website here: www.coastalhabitat.org
Who is the CEO of Coastal Habitat For Humanity?
J Randy Bishop is the Chair of Coastal Habitat For Humanity.
Official website here: www.coastalhabitat.org
What is the revenue of Coastal Habitat For Humanity?
Coastal Habitat For Humanity's revenue in 2021 was $898,721.
Official website here: www.coastalhabitat.org
Who are the executives of Coastal Habitat For Humanity and what are their salaries?
The average compensation at Coastal Habitat For Humanity during 2021 was $28,400. There are 14 employees and 600 volunteers at Coastal Habitat For Humanity.
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Official website here: www.coastalhabitat.org
Where can I find the form 990 for Coastal Habitat For Humanity?
Coastal Habitat For Humanity's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.coastalhabitat.org
Learn more at the official website: www.coastalhabitat.org
Mission Statement of Coastal Habitat For Humanity
Coastal Habitat for Humanity is a dedicated organization that seeks to construct and repair homes for families with low income. This nonprofit entity extends its support beyond just building homes; it also provides financing for these projects. To sustain its mission, Coastal Habitat for Humanity operates a retail facility named Restore, which sells donated home furnishings. The revenue generated from Restore contributes significantly to the organization's cause. Volunteers play a crucial role in Coastal Habitat for Humanity's operations, primarily contributing their time and skills to construction and repair efforts. By doing so, they help bring affordable housing solutions to underprivileged families.
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Impact
October, 2024
Coastal Habitat for Humanity has made a significant impact by constructing and repairing homes for low-income families in Asbury Park, NJ. Through its efforts, it provides not only safe and affordable housing but also flexible financing options, empowering families to achieve homeownership and stability. Additionally, the organization operates Restore, a retail facility that sells donated home furnishings, generating revenue to further its mission.
The reliance on volunteers to assist in construction and repair efforts fosters community involvement and strengthens local ties, allowing residents to collaborate and invest in their neighborhood's future. By addressing the critical need for housing and creating opportunities for families, Coastal Habitat for Humanity contributes to the overall well-being of the community, promoting both economic development and social equity.
This information is meant to be a general summary of Coastal Habitat For Humanity. 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 2021.
- Program Service Revenue: $528,500
- Gross Receipts: $933,730
Assets and Liabilities:
- Total Assets: $764,676
- Total Liabilities: $160,798
- Net Assets: $603,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$449,269
CONSTRUCTION ASSISTANCE
Revenue
$44,443
MISCELLANEOUS
Revenue
$19,115
AMORTIZATION OF LOAN DISCOUNT
Revenue
$15,673
Organization Details
Founding Year
1994
Principal Officer
J Randy Bishop
Main Address
1105 MEMORIAL DRIVE, ASBURY PARK, NJ, 07712
Website
www.coastalhabitat.orgNTEE Category
Code: L20 - Housing
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