Overview
What is Habitat For Humanity Of Monroe County?
Habitat for Humanity of Monroe County is a nonprofit organization situated in Bloomington, Indiana. Their mission is to offer affordable housing solutions to low-income families who have resided in Monroe County or its surrounding areas for at least a year. Families are expected to pay an interest-free mortgage and engage in various homeowner education courses, including financial management, home insurance, and maintenance. The organization strives to build simple, decent housing for families struggling with substandard living conditions, ensuring they cannot secure conventional mortgages. With a workforce of 30 individuals, the organization relies heavily on volunteer labor and community donations to keep costs low and make homes more accessible.
Official website here: www.monroecountyhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Habitat For Humanity Of Monroe County has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization boasts a perfect score of 100% in Accountability & Finance, which is essential for instilling donor confidence. Key indicators such as independent board composition, thorough financial oversight, and the absence of any material diversion of assets underscore its commitment to transparency and ethical governance.
In addition to its financial strengths, Habitat For Humanity Of Monroe County also excels in leadership and adaptability, earning a 100% score in this area. The organization’s strategic planning and leadership effectiveness are complemented by strong adaptability to changing circumstances, which enhances its ability to serve the community effectively. These attributes not only serve the mission of providing housing but also ensure sustained operational success.
The organization demonstrates a high program expense ratio of 94.29%, indicating that a significant portion of its funding directly supports its programs. This focus on programmatic spending reassures donors that their contributions are being utilized effectively to make a meaningful impact. Overall, Habitat For Humanity Of Monroe County stands out as a highly reputable nonprofit committed to its mission and governance standards.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Habitat For Humanity Of Monroe County?
94% of 44 reviewers on Facebook recommend Habitat for Humanity of Monroe County. Here is a summary of their reviews:
Many individuals express their appreciation for the organization, often highlighting their personal involvement, such as serving on the board during the early years. Long-term supporters admire the growth and sustained impact of Habitat for Humanity in the community, praising its commitment to helping low-income families build stable futures through homeownership.
Overall, the sentiment towards Habitat for Humanity of Monroe County is overwhelmingly positive, with reviewers commending the nonprofit’s mission and the positive changes it fosters within the community. The organization's dedication to its work is clearly valued by those who have experienced its initiatives firsthand.
This AI summary has been generated from reviews found on Facebook.
Is Habitat For Humanity Of Monroe County legitimate?
Habitat For Humanity Of Monroe County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Monroe 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $114,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $751,156
For more financial information, click here
Official website here: www.monroecountyhabitat.org
What is the mission statement of Habitat For Humanity Of Monroe County?
Habitat for Humanity of Monroe County, as a not-for-profit organization, is committed to addressing poverty by collaborating with local families. Their mission is to construct simple, affordable, and decent housing for individuals who are currently residing in substandard living conditions and are unable to secure a conventional mortgage. The organization's approach involves families paying interest-free mortgages for their homes, which are built at a lower cost due to the utilization of volunteer labor and community donations. Families qualify for Habitat's homeownership program based on three primary criteria: demonstrating a need for housing, having the ability to pay their mortgage and other expenses, and showing a willingness to contribute 250 hours of sweat equity.
Official website here: www.monroecountyhabitat.org
Who is the CEO of Habitat For Humanity Of Monroe County?
Wendi Goodlett is the Chair of Habitat For Humanity Of Monroe County. The CEO's salary of Habitat For Humanity Of Monroe County is $110,234 and their total compensation is $114,456.
Official website here: www.monroecountyhabitat.org
What is the revenue of Habitat For Humanity Of Monroe County?
Habitat For Humanity Of Monroe County's revenue in 2022 was $3,004,827.
Official website here: www.monroecountyhabitat.org
Who are the executives of Habitat For Humanity Of Monroe County and what are their salaries?
The average compensation at Habitat For Humanity Of Monroe County during 2022 was $28,854. There are 30 employees and 795 volunteers at Habitat For Humanity Of Monroe County.
Here are 16 key members and their salaries (Habitat For Humanity Of Monroe County's CEO's salary is $110,234 and their total compensation is $114,456):
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- Compensation: $110,234
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Official website here: www.monroecountyhabitat.org
Where can I find the form 990 for Habitat For Humanity Of Monroe County?
Habitat For Humanity Of Monroe County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monroecountyhabitat.org
Learn more at the official website: www.monroecountyhabitat.org
Mission Statement of Habitat For Humanity Of Monroe County
Habitat for Humanity of Monroe County, a not-for-profit organization, is dedicated to breaking the cycle of poverty by collaborating with local families. Their mission is to offer simple, decent, and affordable housing solutions to individuals who are currently residing in substandard living conditions and are unable to secure conventional mortgage loans. This housing is made available at a lower cost due to the utilization of volunteer labor and community donations.
To be eligible for Habitat's homeownership program, families must meet three primary criteria. Firstly, they must demonstrate a pressing need for housing, as they are currently living in inadequate or financially burdensome accommodations and cannot qualify for alternative housing programs or traditional home loans. Secondly, they should have the ability to manage their affordable, interest-free mortgage payments and cover other necessary expenses. Their income should fall within the range of 25-70% of the area's median income. Lastly, they must be willing to contribute to the building process by investing a minimum of 250 hours of sweat equity. This investment can take various forms, such as taking mandatory homeownership courses and actively participating in the construction of their future home.
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Impact
October, 2024
Habitat for Humanity of Monroe County significantly transforms the lives of low-income families by providing them with access to simple, decent, and affordable housing. Many families in the community find themselves living in substandard conditions and are unable to qualify for traditional mortgages; Habitat for Humanity helps bridge this gap by offering homes with 0% interest mortgages.
By partnering with local families, Habitat helps eliminate the cycle of poverty, fostering stability and independence. Each family undergoes a thorough selection process based on their need for housing, ability to pay, and willingness to partner. Families are required to invest a minimum of 250 hours of "sweat equity," which not only empowers them but also instills a sense of ownership and pride in their new homes.
In addition to building homes, Habitat for Humanity of Monroe County offers homeowner education courses. These programs cover essential topics such as money management, homeowner's insurance, navigating predatory lending, and home maintenance, equipping families with the knowledge and skills necessary for successful home ownership.
Through the invaluable support of volunteers and community donations, Habitat for Humanity can reduce construction costs, allowing more families to benefit from their programs. The organization instills hope and dignity, ultimately enabling families to build a better future for themselves and their communities.
This information is meant to be a general summary of Habitat For Humanity Of Monroe 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 2022.
- Investment Income: $1,096
- Program Service Revenue: $1,513,962
- Gross Receipts: $3,004,827
Assets and Liabilities:
- Total Assets: $9,666,364
- Total Liabilities: $1,620,069
- Net Assets: $8,046,295
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Homeowner Transfers
Revenue
$874,415
Habit ReStore Sales
Revenue
$637,618
Rental Income
Revenue
$1,929
Organization Details
Founding Year
1988
Phone
(812) 334-9770Principal Officer
Wendi Goodlett
Main Address
213 E Kirkwood Ave, Bloomington, IN, 47408
Website
www.monroecountyhabitat.orgNTEE Category
Code: L20Z - Housing
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