Overview
What is Habitat For Humanity Of Summit County Inc?
Habitat for Humanity of Summit County Inc is a charitable organization based in Akron, Ohio. Their primary mission revolves around providing affordable homeownership opportunities, constructing new homes or acquiring distressed properties for this purpose. They adhere to neighborhood standards, pricing the homes at appraisal value, comparable to surrounding properties. Volunteers play a significant role in construction, guided by Habitat staff to ensure safety protocols are followed. Future homeowners contribute through "sweat equity," volunteering on construction sites or participating in other Habitat activities. These homes are sold to low-income families using an affordable mortgage, with housing expenses not exceeding 30% of their income. The nonprofit aims to assist populations that have historically faced discrimination and social injustice due to biased public policies and prejudices. In addition, Habitat for Humanity adheres to a strict non-proselytizing policy, ensuring assistance is not contingent upon religious beliefs or conversion.
Official website here: www.hfhsummitcounty.org
What are the reviews and ratings of this charity?
99% rating from Charity Navigator indicates that Habitat For Humanity Of Summit County Inc has achieved a Four-Star out of Four Star rating, reflecting its strong performance in various operational aspects. The organization excels particularly in Accountability & Finance, scoring 100%, which suggests a high level of transparency and responsible financial management. Key metrics, such as the Program Expense Ratio of 82.99% and a low Fundraising Efficiency Ratio of $0.062, demonstrate its commitment to utilizing funds effectively towards its mission.
The nonprofit's strong Governance structure is highlighted by having 100% independent board members and a comprehensive array of policies in place, including conflict of interest and whistleblower protections. These elements contribute to the organization's overall integrity and reliability. Furthermore, the Leadership & Adaptability score of 100 reflects its capacity to respond to changing conditions and needs within the community.
However, while there is a solid focus on financial and operational excellence, the organization could consider enhancing its Culture & Community score, which stands at 87. This area may benefit from further engagement initiatives to strengthen community ties and foster a deeper connection with its constituents. Overall, the organization's commitment to providing affordable housing solutions is commendable, and its efficient operations position it well to achieve its mission of ensuring everyone has a decent place to live.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Summit County Inc legitimate?
Habitat For Humanity Of Summit County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Summit 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: $252,705
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,142,696
For more financial information, click here
Official website here: www.hfhsummitcounty.org
What is the mission statement of Habitat For Humanity Of Summit County Inc?
Habitat for Humanity of Summit County Inc. is committed to putting God's love into action by bringing people together to construct homes, foster community, and instill hope. Their mission envisions a world where everyone has access to a decent living space. The organization adheres to a strict non-proselytizing policy, ensuring that no assistance is provided under the condition of religious conversion or adherence to any specific faith. They work towards building homes and communities, promoting dignity and hope for all.
Official website here: www.hfhsummitcounty.org
Who is the CEO of Habitat For Humanity Of Summit County Inc?
Rochelle Sibbio is the Immediate Past President of Habitat For Humanity Of Summit County Inc. The CEO's salary of Habitat For Humanity Of Summit County Inc is $144,120 and their total compensation is $161,743.
Official website here: www.hfhsummitcounty.org
What is the revenue of Habitat For Humanity Of Summit County Inc?
Habitat For Humanity Of Summit County Inc's revenue in 2023 was $5,178,721.
Official website here: www.hfhsummitcounty.org
Who are the executives of Habitat For Humanity Of Summit County Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Summit County Inc during 2023 was $38,761. There are 36 employees and 911 volunteers at Habitat For Humanity Of Summit County Inc.
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Official website here: www.hfhsummitcounty.org
Where can I find the form 990 for Habitat For Humanity Of Summit County Inc?
Habitat For Humanity Of Summit County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hfhsummitcounty.org
Learn more at the official website: www.hfhsummitcounty.org
Mission Statement of Habitat For Humanity Of Summit County Inc
Habitat for Humanity of Summit County Inc, driven by a strong belief in putting God's love into action, works tirelessly to bring people together, fostering a sense of community and hope. Their primary mission is to construct homes and contribute towards realizing a world where everyone has the opportunity to live in a decent living space. Crucially, this local affiliate of Habitat for Humanity adheres to a strict non-proselytizing policy, ensuring that no assistance is provided under the condition that individuals must adhere to or convert to a specific faith or engage with messaging designed to induce conversion to a particular religion.
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Impact
October, 2024
Habitat for Humanity of Summit County Inc makes a significant impact by fostering homeownership opportunities for low-income families, bringing communities together, and promoting hope for a better future. The organization builds new homes and revitalizes distressed properties, ensuring that these homes are priced at fair market value and blend seamlessly into their neighborhoods. By using volunteer labor supervised by dedicated staff, they not only construct quality housing but also engage the future homeowners through a sweat equity program, which empowers them and strengthens their investment in the community.
In fiscal year 2023, they successfully transferred five homes to partner families, directly addressing the needs of individuals who have faced historical discrimination and social injustices. Their commitment to creating affordable housing means that families spend no more than 30% of their income on housing costs, fostering financial stability and improving overall quality of life. Additionally, the funds generated from mortgage payments are reinvested to further the mission, enabling a cycle of support and empowerment that benefits even more families in need. By putting love into action, Habitat for Humanity of Summit County helps to ensure that everyone has access to a decent place to live, creating lasting impacts on the lives of individuals and the community as a whole.
This information is meant to be a general summary of Habitat For Humanity Of Summit 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: $19,557
- Program Service Revenue: $2,189,730
- Gross Receipts: $5,216,161
Assets and Liabilities:
- Total Assets: $10,447,926
- Total Liabilities: $1,445,500
- Net Assets: $9,002,426
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$1,211,299
SALE OF HOMES
Revenue
$708,730
MORTGAGE AMORTIZATION
Revenue
$269,521
OTHER INCOME
Revenue
$180
Organization Details
Founding Year
1986
Phone
(330) 745-7734Principal Officer
Rochelle Sibbio
Main Address
2301 ROMIG ROAD, AKRON, OH, 44320
Website
www.hfhsummitcounty.orgNTEE Category
Code: L80 - Housing
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