Overview
What is Pikes Peak Habitat For Humanity?
Pikes Peak Habitat for Humanity is a nonprofit organization based in Colorado Springs, Colorado, dedicated to addressing housing needs. Their primary mission is to construct and provide affordable homes for families in need. By utilizing volunteer labor, cost-effective building techniques, donated materials, and no-profit loans, they ensure that their houses remain affordable for low-income families. Their construction program served five families with new homes in 2023, in addition to managing mortgages for over 80 households during the same period. The organization also offers a home repair program, which helps low- to moderate-income homeowners, including veterans and seniors, maintain their homes. This program has assisted 43 local homeowners since its inception, with 27 families receiving assistance in 2023. Pikes Peak Habitat for Humanity also believes that financial education is essential for long-term personal success and provides workshops to address budgeting, credit, debt, and saving concerns. Lastly, the organization dedicates 10% of its undesignated donations to Habitat for Humanity International to support global housing initiatives.
Official website here: www.pikespeakhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Pikes Peak Habitat For Humanity has received an impressive Four-Star rating from Charity Navigator, indicating a high level of transparency and accountability in its operations. The organization excels in financial management, evidenced by its perfect scores in various categories such as board independence and program expense ratios, which demonstrate a strong commitment to utilizing funds effectively.
The charity has a fully independent board, ensuring governance free of conflicts of interest, and has implemented comprehensive policies for financial oversight, including a whistleblower policy and a conflict of interest policy. Its financial health is robust, with a low liabilities-to-assets ratio, suggesting that it is well-positioned to sustain its mission and activities.
While the data highlights the organization's strengths, further details about its specific programs and community impact could provide a more comprehensive view of its overall effectiveness. Nonetheless, Pikes Peak Habitat For Humanity stands out as a well-managed nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Pikes Peak Habitat For Humanity?
100% of reviewers recommend Pikes Peak Habitat For Humanity. Here is a summary of their reviews:
Public sentiment is overwhelmingly positive, highlighting the organization’s significant impact on the lives of its clients. Many individuals express gratitude for the assistance received, particularly in building homes and improving living conditions. The appreciation directed towards the volunteers showcases the community spirit that embodies this nonprofit.
Overall, those who have engaged with Pikes Peak Habitat For Humanity feel a deep sense of pride and connection to the organization, often referring to it as a family. This reflects not only the effectiveness of the services provided but also the compassion and dedication demonstrated by the staff and volunteers.
This AI summary has been generated from reviews found on Facebook.
Is Pikes Peak Habitat For Humanity legitimate?
Pikes Peak Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pikes Peak 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: $120,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,854,507
For more financial information, click here
Official website here: www.pikespeakhabitat.org
What is the mission statement of Pikes Peak Habitat For Humanity?
Pikes Peak Habitat for Humanity aims to put God's love into action by bringing people together to build homes, communities, and hope. They achieve this by helping families in need construct safe and affordable homes in partnership, utilizing volunteer labor and efficient building methods. By keeping house sizes modest, using donated materials, and issuing no-profit loans, Pikes Peak Habitat makes housing affordable for low-income families. Affordable homeownership fosters stability, self-reliance, and confidence, contributing to child development and growth. The organization also provides home repair services for low-income homeowners, helping them maintain their homes with dignity. During fiscal year 2023, Pikes Peak Habitat served five families with new home construction and over 80 households through mortgage services. The organization believes in financial education as a foundation for long-term success, offering classes on budgeting, credit, and home mortgages. A portion of the organization's undesignated donations is tithied to Habitat for Humanity International to build affordable housing globally.
Official website here: www.pikespeakhabitat.org
Who is the CEO of Pikes Peak Habitat For Humanity?
Kristina Lewis is the President of Pikes Peak Habitat For Humanity.
Official website here: www.pikespeakhabitat.org
What is the revenue of Pikes Peak Habitat For Humanity?
Pikes Peak Habitat For Humanity's revenue in 2023 was $6,563,672.
Official website here: www.pikespeakhabitat.org
Who are the executives of Pikes Peak Habitat For Humanity and what are their salaries?
The average compensation at Pikes Peak Habitat For Humanity during 2023 was $32,911. There are 60 employees and 2707 volunteers at Pikes Peak Habitat For Humanity.
Here are 17 key members and their salaries:
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- Compensation: $114,720
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- Other: $11,514
Official website here: www.pikespeakhabitat.org
Where can I find the form 990 for Pikes Peak Habitat For Humanity?
Pikes Peak Habitat For Humanity's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pikespeakhabitat.org
Learn more at the official website: www.pikespeakhabitat.org
Mission Statement of Pikes Peak Habitat For Humanity
Pikes Peak Habitat for Humanity, a nonprofit organization, is dedicated to putting God's love into action. Their mission is to bring people together to build homes, communities, and hope. By doing so, they aim to provide families in need with safe and affordable housing. They achieve this by having families build their homes in partnership with the organization, utilizing the labor of volunteers and prospective homeowners, employing efficient building methods, keeping house sizes modest, and using donated construction materials and appliances. This approach ensures that Habitat houses are affordable for low-income families to purchase.
Owning an affordable home not only provides families with stability and security but also allows them to invest in their futures and their children's education. Moreover, Habitat for Humanity operates a home repair program, which seeks to provide a wide range of opportunities for low- to moderate-income homeowners who are struggling to maintain their homes due to age, disability, or family circumstances. Through this program, families can repair their homes with pride and dignity, allowing them to stay in their homes and avoid the uncertainty, trauma, and expense of moving.
In addition to construction and repair efforts, Pikes Peak Habitat for Humanity also provides financial education classes to help families build a more solid foundation for long-term personal success. These classes cover topics such as budgeting, credit reports, loans, saving and investing, and emergency situations. By providing these resources, the organization helps alleviate any concerns or barriers on the path to homeownership and builds a better future for its clients.
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Impact
October, 2024
Pikes Peak Habitat for Humanity significantly enhances the lives of local families by enabling them to build safe, affordable homes. By uniting the efforts of volunteers and prospective homeowners, it reduces construction costs and fosters community collaboration. This initiative not only provides stable housing but also empowers families to break free from the cycles of instability and stress associated with inadequate housing.
With a commitment to modestly sized homes that meet the needs of families while remaining affordable, Pikes Peak Habitat facilitates homeownership opportunities for low-income households. This stability creates a nurturing environment essential for child development and overall family well-being. Homeownership also allows families to save for the future, pursue educational opportunities, and improve job prospects, ultimately leading to long-term financial growth.
In fiscal year 2023, five families benefited from new home construction, contributing to the broader impact of the organization. Additionally, they provided mortgage services to over 80 households, ensuring ongoing support and stability for existing homeowners. The home repair program addresses the needs of low- to moderate-income homeowners, including veterans and seniors, helping them maintain their homes and avoid the turmoil of relocation. This program has supported 43 local homeowners since its inception, with 27 receiving assistance in FY2023 alone.
Furthermore, Pikes Peak Habitat emphasizes financial education as a pivotal component of homeownership, offering workshops that cover essential topics like budgeting, saving, and planning for the future. In FY2023, it provided ten hours of homebuyer education for six families, equipping them with the tools to ensure long-term financial success.
The impact of Pikes Peak Habitat extends globally as well; by allocating 10% of its undesignated donations to Habitat for Humanity International, the organization contributed $123,000 in fiscal year 2023 to support safe and affordable housing projects in countries like Bangladesh, Cote d'Ivoire, and Uganda, serving 27 families in need. Through these efforts, Pikes Peak Habitat for Humanity fosters not only local community growth but also global housing solutions, embodying a commitment to building hope and resilience across diverse populations.
This information is meant to be a general summary of Pikes Peak 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 2023.
- Investment Income: $360,929
- Program Service Revenue: $1,635,298
- Gross Receipts: $7,042,180
Assets and Liabilities:
- Total Assets: $14,205,317
- Total Liabilities: $3,787,084
- Net Assets: $10,418,233
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TO HOMEOWNERS
Revenue
$1,199,471
MORTGAGE DISCOUNT AMORTIZATIO
Revenue
$310,350
SECOND MORTGAGE REVENUES
Revenue
$125,477
Organization Details
Founding Year
1986
Phone
(719) 475-7800Principal Officer
Kristina Lewis
Main Address
2802 NORTH PROSPECT STREET, COLORADO SPRINGS, CO, 80907
Website
www.pikespeakhabitat.orgNTEE Category
Code: L20 - Housing
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