Overview
What is Lake-Geauga Habitat For Humanity Inc?
Lake-Geauga Habitat for Humanity Inc., based in Chardon, Ohio, is a dedicated nonprofit organization that strives to construct and rehabilitate affordable housing units for lower-income families. During the previous tax year, they completed one home restoration project and sold it to a family. The organization also maintains and services non-interest-bearing mortgages for these families, with 58 such mortgages active at the year's end. Apart from home builds, they operate a Restore facility, where donated household items are sold at reduced prices to support their mission. In essence, Lake-Geauga Habitat for Humanity Inc. partners with families in Lake and Geauga counties to help them build or renovate a safe and affordable place they can call home, with the assistance of volunteers.
Official website here: www.lake-geaugahabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Lake-Geauga Habitat For Humanity Inc has achieved a strong rating of 93%, reflecting its commitment to accountability and finance. The organization demonstrates an exemplary governance structure with a fully independent board and a well-defined oversight committee. Additionally, it maintains robust financial practices, evidenced by no material diversion of assets and a healthy liabilities to assets ratio, signifying sound financial management.
The charity excels in its programmatic spending, with 82.33% of its expenses allocated directly to programs, which is crucial for ensuring that resources are directed towards its mission. Its fundraising efficiency, however, is noted to be less optimal at $0.14 raised per dollar spent, indicating potential room for improvement in fundraising strategies. Despite this, the organization enjoys a commendable working capital ratio of 1.19 years, ensuring its operational sustainability.
Culture and community engagement are notable strengths for Lake-Geauga Habitat For Humanity, scoring a perfect 100%. This indicates that the organization effectively collects and utilizes feedback from its stakeholders to enhance its practices and address challenges. Overall, while the charity demonstrates strong financial health and community engagement, addressing fundraising efficiency could further bolster its positive impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lake-Geauga Habitat For Humanity Inc?
100% of 7 reviewers on Facebook recommend Lake-Geauga Habitat For Humanity Inc. Here is a summary of their reviews:
The nonprofit has received enthusiastic support from its patrons, highlighting a strong connection with the community. Many users expressed their regular visits to the store, indicating they find value in the offerings available. This consistent patronage suggests that the organization is well-regarded for the services it provides.
Overall, it appears that Lake-Geauga Habitat For Humanity Inc effectively meets the needs of those it serves, fostering loyalty and positive experiences among its customers. The enthusiastic endorsements bode well for the organization's reputation and impact in the community.
This AI summary has been generated from reviews found on Facebook.
Is Lake-Geauga Habitat For Humanity Inc legitimate?
Lake-Geauga Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake-Geauga Habitat For Humanity 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: $71,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $547,337
For more financial information, click here
Official website here: www.lake-geaugahabitat.org
What is the mission statement of Lake-Geauga Habitat For Humanity Inc?
Lake-Geauga Habitat for Humanity Inc's mission involves collaborating with families to construct or renovate homes they can afford and call their own. This non-profit organization encourages homeowners to actively participate in the building process, working alongside volunteers. Homeowners then pay an affordable mortgage for their newly constructed or renovated homes. Additionally, Lake-Geauga Habitat for Humanity Inc undertakes home-builds and outreach projects, enabling homeowners to remain in their homes safely. During the tax year, one home was rehabilitated and sold. The organization also manages and services non-interest bearing mortgages for lower-income families, with 58 mortgages open at the end of the year. Furthermore, Lake-Geauga Habitat for Humanity Inc operates a Restore to recycle donated household items and sell them at reduced prices to support their mission.
Official website here: www.lake-geaugahabitat.org
Who is the CEO of Lake-Geauga Habitat For Humanity Inc?
John Kelleher is the Director of Lake-Geauga Habitat For Humanity Inc.
Official website here: www.lake-geaugahabitat.org
What is the revenue of Lake-Geauga Habitat For Humanity Inc?
Lake-Geauga Habitat For Humanity Inc's revenue in 2022 was $1,519,455.
Official website here: www.lake-geaugahabitat.org
Who are the executives of Lake-Geauga Habitat For Humanity Inc and what are their salaries?
The average compensation at Lake-Geauga Habitat For Humanity Inc during 2022 was $19,976. There are 31 employees and 175 volunteers at Lake-Geauga Habitat For Humanity Inc.
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Official website here: www.lake-geaugahabitat.org
Where can I find the form 990 for Lake-Geauga Habitat For Humanity Inc?
Lake-Geauga Habitat For Humanity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lake-geaugahabitat.org
Learn more at the official website: www.lake-geaugahabitat.org
Mission Statement of Lake-Geauga Habitat For Humanity Inc
Lake-Geauga Habitat for Humanity Inc. is committed to partnering with families in their quest to build or renovate a home they can proudly call their own. This nonprofit organization provides an opportunity for homeowners to construct their dwellings alongside volunteers, fostering a sense of community and ownership. Once constructed, these families are expected to pay an affordable mortgage, ensuring their continued investment in their new homes. Beyond home construction, Lake-Geauga Habitat for Humanity Inc. also offers outreach projects, enabling homeowners to maintain their residences safely. During the tax year, one home was rehabilitated and sold, contributing to the organization's mission. In addition, Lake-Geauga Habitat for Humanity Inc. administers and services non-interest bearing mortgages for lower income families, ensuring they can sustain their living arrangements. At the end of the year, there were 58 mortgages being managed by the organization. Furthermore, the nonprofit operates a Restore facility, which recycles donated household items and sells them at reduced prices, generating revenue to support its mission.
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Impact
October, 2024
Lake-Geauga Habitat For Humanity Inc makes a significant impact by empowering families in Lake and Geauga Counties to achieve stable and affordable housing. By partnering with these families, the organization facilitates the construction and rehabilitation of homes, enabling homeowners to take an active role in building their own houses alongside dedicated volunteers. This hands-on approach not only fosters a sense of ownership but also strengthens community ties.
Through its efforts, Habitat has completed important outreach projects that help families remain safely in their existing homes, illustrating a commitment to both new construction and housing preservation. For instance, in the most recent tax year, the organization successfully rehabilitated and sold a home, contributing to the local housing supply. At the end of that year, 58 non-interest bearing mortgages were open, providing lower-income families with accessible financing options that empower them to fulfill the dream of homeownership.
Furthermore, the operation of a ReStore helps recycle donated household items, making them available at reduced prices to the community. This initiative not only funds the organization’s mission but also promotes sustainability. Overall, Lake-Geauga Habitat For Humanity Inc plays a crucial role in transforming lives and communities by providing safe, affordable housing solutions and fostering a collaborative spirit among volunteers and homeowners alike.
This information is meant to be a general summary of Lake-Geauga Habitat For Humanity 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 2022.
- Investment Income: -$12,520
- Program Service Revenue: $253,701
- Gross Receipts: $2,447,211
Assets and Liabilities:
- Total Assets: $2,299,968
- Total Liabilities: $457,986
- Net Assets: $1,841,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSFERS TO HOMEOWNER
Revenue
$158,709
MORTGAGE DISCOUNT AMOR
Revenue
$94,992
Organization Details
Founding Year
1992
Phone
(440) 226-3000Principal Officer
John Kelleher
Main Address
100 PARKER COURT 6, CHARDON, OH, 44024
Website
www.lake-geaugahabitat.orgNTEE Category
Code: L25 - Housing
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