Overview
What is Rockford Area Habitat For Humanity?
Rockford Area Habitat for Humanity is a nonprofit organization situated in Loves Park, Illinois. Their primary mission is to provide housing opportunities for economically disadvantaged families, as demonstrated by the completion of six homes by December 31, 2022. The organization adheres to the principles of Habitat for Humanity, constructing and renovating homes that are subsequently sold to eligible low-income buyers at no profit, with the additional benefit of zero-interest mortgage loans. This initiative stems from their commitment to advocating for individuals in need of decent shelter. They achieve this by building and renovating affordable homes, thus contributing to the community in a meaningful way, employing a workforce of 44 individuals.
Official website here: www.rockfordhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
Rockford Area Habitat For Humanity has received an impressive rating of 95% from Charity Navigator, indicating a high level of trustworthiness and effective management. The organization excels particularly in Accountability & Finance, achieving a perfect score of 100. This reflects strong governance practices, including an entirely independent board and a commitment to financial transparency with no reported material diversions of assets.
The nonprofit also demonstrates effectiveness in its operational metrics, with an 86.92% program expense ratio, meaning a significant portion of its funding goes directly to its mission. Additionally, the organization has garnered positive feedback from constituents, scoring a perfect 100 for constituent feedback, which suggests high levels of satisfaction among those it serves.
However, while the overall score is strong, the Impact & Measurement and Culture & Community scores are slightly lower at 25% and 16% respectively, indicating areas that may benefit from improvement. These scores suggest that while the organization is financially sound and well-regarded by its constituents, there may be opportunities to enhance its impact assessment and community engagement strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Rockford Area Habitat For Humanity legitimate?
Rockford Area Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockford Area 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: $107,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $692,112
For more financial information, click here
Official website here: www.rockfordhabitat.org
What is the mission statement of Rockford Area Habitat For Humanity?
Rockford Area Habitat for Humanity's mission is to advocate for those in need of adequate housing by constructing and renovating affordable homes. They accomplish this by building and selling homes to economically disadvantaged families at no profit, offering zero-interest mortgage loans. Their primary goal is to provide shelter for those who may not otherwise be able to afford it. As of December 31, 2022, six homes were completed by the organization.
Official website here: www.rockfordhabitat.org
Who is the CEO of Rockford Area Habitat For Humanity?
Keri Asevedo is the President of Rockford Area Habitat For Humanity.
Official website here: www.rockfordhabitat.org
What is the revenue of Rockford Area Habitat For Humanity?
Rockford Area Habitat For Humanity's revenue in 2022 was $3,654,501.
Official website here: www.rockfordhabitat.org
Who are the executives of Rockford Area Habitat For Humanity and what are their salaries?
The average compensation at Rockford Area Habitat For Humanity during 2022 was $18,162. There are 44 employees and 3000 volunteers at Rockford Area Habitat For Humanity.
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- Compensation: $98,500
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- Other: $8,526
Official website here: www.rockfordhabitat.org
Where can I find the form 990 for Rockford Area Habitat For Humanity?
Rockford Area Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rockfordhabitat.org
Learn more at the official website: www.rockfordhabitat.org
Mission Statement of Rockford Area Habitat For Humanity
Rockford Area Habitat for Humanity, as a nonprofit organization, is committed to advocating for those in need of decent shelter. It achieves this mission by constructing and renovating affordable homes, selling them to economically disadvantaged families at no profit and with zero-interest mortgage loans. By doing so, the organization provides a vital service, enabling low-income families to secure a steady and safe living environment. In the year ending December 31, 2022, Rockford Area Habitat for Humanity completed six homes, demonstrating its ongoing dedication to fulfilling its mission.
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Impact
October, 2024
Rockford Area Habitat for Humanity significantly impacts the community by providing affordable housing solutions to economically disadvantaged families. Through their efforts, they build and rehabilitate homes, ensuring that these properties are sold to low-income buyers at no profit and with zero-interest mortgage loans. In the year ending December 31, 2022, they completed six homes, directly benefiting families in need of decent shelter. Their mission extends beyond construction; they advocate for those lacking safe and affordable living conditions, promoting stability and security within the community of Loves Park, IL. By addressing the housing crisis in this way, they help transform lives and foster a sense of belonging for those they serve.
This information is meant to be a general summary of Rockford Area 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 2022.
- Investment Income: $7,364
- Program Service Revenue: $1,905,658
- Gross Receipts: $4,279,329
Assets and Liabilities:
- Total Assets: $5,454,593
- Total Liabilities: $1,319,333
- Net Assets: $4,135,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$1,405,941
TRANSFERS TO HOMEOWNER
Revenue
$314,653
MORTGAGE DISCOUNT AMOR
Revenue
$185,064
Organization Details
Founding Year
1988
Phone
(815) 636-4573Principal Officer
Keri Asevedo
Main Address
5183 HARLEM ROAD, LOVES PARK, IL, 61111
Website
www.rockfordhabitat.orgNTEE Category
Code: L200 - Housing
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