Overview
What is Habitat For Humanity Of Benzie County?
Habitat for Humanity of Benzie County is a nonprofit organization dedicated to assisting economically disadvantaged individuals by constructing and selling single-family homes to them. Their mission involves providing a much-needed housing solution, with the revenue generated from mortgage discount expenses, mortgage discount amortization, and late payment fees on homeowner mortgages. Additionally, they contribute a portion of their funds to the global initiatives of Habitat for Humanity International and Habitat Sosi. Their work significantly contributes to the local community by offering affordable housing options.
Official website here: www.benziehabitat.org
Is Habitat For Humanity Of Benzie County legitimate?
Habitat For Humanity Of Benzie County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Benzie County 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.
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Official website here: www.benziehabitat.org
What is the mission statement of Habitat For Humanity Of Benzie County?
Habitat For Humanity of Benzie County's mission is centered around constructing single-family homes and selling them to economically disadvantaged individuals. This organization strives to make a significant impact in people's lives by providing them with affordable housing opportunities. In addition to building homes, they also record mortgage discount expenses, mortgage discount amortization revenue, and late payment fees on homeowner mortgages. Beyond home construction, they contribute a portion of their funds to Habitat for Humanity International and Habitat Sosi, further extending their reach and commitment to affordable housing solutions.
Official website here: www.benziehabitat.org
Who is the CEO of Habitat For Humanity Of Benzie County?
Glen Tracy is the Director of Habitat For Humanity Of Benzie County.
Official website here: www.benziehabitat.org
What is the revenue of Habitat For Humanity Of Benzie County?
Habitat For Humanity Of Benzie County's revenue in 2023 was $234,915.
Official website here: www.benziehabitat.org
Who are the executives of Habitat For Humanity Of Benzie County and what are their salaries?
There 30 volunteers at Habitat For Humanity Of Benzie County.
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Official website here: www.benziehabitat.org
Where can I find the form 990 for Habitat For Humanity Of Benzie County?
Habitat For Humanity Of Benzie County's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.benziehabitat.org
Learn more at the official website: www.benziehabitat.org
Mission Statement of Habitat For Humanity Of Benzie County
Habitat for Humanity of Benzie County, as a nonprofit organization, is dedicated to a mission that involves building single-family homes and selling them to economically disadvantaged individuals. By engaging in this activity, the organization aims to contribute to the betterment of underprivileged families in an impactful way. The proceeds from these home sales are utilized to fund the construction of more homes, thereby perpetuating a cycle of affordable housing opportunities. Beyond the direct construction work, the organization also records expenses such as mortgage discounts, amortization revenues, and late payment fees on the mortgages of these homeowners. Furthermore, Habitat for Humanity of Benzie County contributes a portion of its funds to supporting the global efforts of Habitat for Humanity International and its local affiliate, Habitat Socius.
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Impact
October, 2024
Habitat for Humanity of Benzie County significantly impacts the community by constructing single-family homes and providing them to economically disadvantaged individuals and families. This initiative not only addresses the pressing issue of affordable housing in the area but also fosters stability and self-sufficiency among homeowners.
Through the sale of these homes, people who may have previously struggled to secure adequate housing find opportunities for better living conditions, which can lead to improved health, education, and overall quality of life. The organization also engages in financial practices that support homeowners, such as recording mortgage discount expenses and late payment fees, which helps in making homeownership more attainable.
Additionally, their commitment to giving back is evident through tithing $1,500 to Habitat for Humanity International, supporting broader efforts in addressing housing challenges. This holistic approach enhances the community’s fabric, fostering a sense of belonging and empowerment among residents. Overall, Habitat for Humanity of Benzie County plays a crucial role in transforming not just lives, but the entire community landscape.
This information is meant to be a general summary of Habitat For Humanity Of Benzie County. 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: $1,213
- Program Service Revenue: $162,880
- Gross Receipts: $290,975
Assets and Liabilities:
- Total Assets: $701,310
- Total Liabilities: $18,390
- Net Assets: $682,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$147,500
MORTGAGE DISCOUNT AMORT
Revenue
$15,380
Organization Details
Founding Year
2008
Phone
(231) 399-0300Principal Officer
Glen Tracy
Main Address
PO BOX 53, FRANKFORT, MI, 49635
Website
www.benziehabitat.orgNTEE Category
Code: L21 - Housing
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