Overview
What is Habitat For Humanity Of Northern Fox Valley?
Habitat for Humanity of Northern Fox Valley is a nonprofit organization situated in Elgin, Illinois. In the fiscal year 2022, they completed and sold eight new single-family homes to low-income families at fair market value, utilizing zero-interest loans. The locations for these homes included Crystal Lake, Batavia, Carpentersville, and South Elgin in Illinois. To broaden its scope, the organization expanded its home preservation services by introducing an Aging in Place program. This program aims to address the housing modification needs of seniors, focusing on installations such as accessibility ramps, walk-in bathtubs, handrails, and levered door handles. The mission of Habitat for Humanity is to advocate for those in need of decent shelter by constructing and renovating affordable houses, and they operate by building and selling homes to eligible buyers at no profit. With a total of 34 employees, the organization is dedicated to providing affordable housing options and improving living conditions for the community.
What are the reviews and ratings of this charity?
86% rating from Charity Navigator reflects a Three-Star out of Four Star rating for Habitat For Humanity Of Northern Fox Valley, based entirely on its Accountability & Finance performance. This score indicates a strong commitment to financial transparency and effective governance, highlighting the organization's solid operational practices.
The charity boasts an impressive score of 100% for having all independent board members, which demonstrates a strong governance structure. Additionally, the organization has received full marks for its financial statements and has no reported material diversion of assets, affirming its reliability in managing funds responsibly.
While the organization excels in its financial accountability, further details regarding its programmatic impact and community engagement may provide a more comprehensive view of its overall effectiveness and reach within the community. However, the high program expense ratio of 92.89% suggests that most funds are directed towards its mission-related activities.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Northern Fox Valley legitimate?
Habitat For Humanity Of Northern Fox Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Northern Fox Valley 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,732,979
For more financial information, click here
What is the mission statement of Habitat For Humanity Of Northern Fox Valley?
Habitat For Humanity Of Northern Fox Valley's mission revolves around advocating for individuals in need of decent shelter. They accomplish this by constructing and renovating affordable homes and selling them to low-income families at no profit. In the recent fiscal year (FY22), they completed and sold eight new single-family homes in various locations, financing them with zero-interest loans. In addition to their home building initiatives, the organization expanded its home preservation services by introducing an Aging in Place program. This program aims to address the housing modification needs of seniors, including installing accessibility ramps, walk-in bathtubs, handrails, and other safety features, to enable elderly homeowners to live more safely in their homes.
Who is the CEO of Habitat For Humanity Of Northern Fox Valley?
Barbara Tomczyk is the Vice-Chairma of Habitat For Humanity Of Northern Fox Valley.
What is the revenue of Habitat For Humanity Of Northern Fox Valley?
Habitat For Humanity Of Northern Fox Valley's revenue in 2023 was $5,578,388.
Who are the executives of Habitat For Humanity Of Northern Fox Valley and what are their salaries?
The average compensation at Habitat For Humanity Of Northern Fox Valley during 2023 was $50,970. There are 34 employees and 1400 volunteers at Habitat For Humanity Of Northern Fox Valley.
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Where can I find the form 990 for Habitat For Humanity Of Northern Fox Valley?
Habitat For Humanity Of Northern Fox Valley's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Habitat For Humanity Of Northern Fox Valley
Habitat for Humanity of Northern Fox Valley, a dedicated organization, advocates for the provision of decent shelter for those in need. They accomplish this mission by constructing and renovating affordable homes, selling them at fair market value to low-income families. The primary objective of this nonprofit is to promote housing equality, ensuring that every individual has access to a safe and secure living space.
In line with their mission, Habitat for Humanity of Northern Fox Valley provides zero-interest loans to qualified families who purchase their homes. During the fiscal year 2022, the organization completed and sold eight new single-family homes to such families in various locations, including Crystal Lake, Batavia, Carpentersville, and South Elgin. Besides building new homes, Habitat for Humanity of Northern Fox Valley also expanded its home preservation services by introducing an Aging in Place program. This new initiative aims to address the housing modification needs of seniors, ensuring their safety and independence in their own homes through installations of accessibility ramps, walk-in bathtubs, handrails, and other necessary modifications.
In summary, Habitat for Humanity of Northern Fox Valley is a passionate and dedicated organization that works tirelessly to provide decent shelter for low-income families and seniors. Through their construction, renovation, and home preservation services, they strive to create safe and secure living environments for individuals and families in need, promoting housing equality and empowering communities.
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Impact
October, 2024
Habitat for Humanity of Northern Fox Valley transforms the lives of low-income families by providing affordable housing solutions. In the past fiscal year, the organization successfully completed and sold eight new single-family homes to families at fair market value. These homes, located in Crystal Lake, Batavia, Carpentersville, and South Elgin, were financed with zero-interest loans, making homeownership attainable for those who might otherwise be unable to secure safe and decent housing.
In addition to its home-building efforts, the organization expanded its services to include an Aging in Place program, designed to meet the housing modification needs of seniors. This initiative enhances safety and accessibility within their homes, incorporating features such as ramps, walk-in bathtubs, handrails, upgraded lighting, and levered door handles.
By advocating for decent shelter and addressing critical housing needs, Habitat for Humanity of Northern Fox Valley has a profound impact on the community, helping families achieve stability and dignity through homeownership and improved living conditions.
This information is meant to be a general summary of Habitat For Humanity Of Northern Fox Valley. 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: -$209,329
- Program Service Revenue: $4,241,840
- Gross Receipts: $6,396,548
Assets and Liabilities:
- Total Assets: $14,690,641
- Total Liabilities: $5,531,009
- Net Assets: $9,159,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$2,910,980
TRANSFERS TO HOMEOWNERS
Revenue
$815,671
MORTGAGE DISCOUNT AMORTIZATIO
Revenue
$515,189
Organization Details
Founding Year
1990
Principal Officer
Barbara Tomczyk
Main Address
56 SOUTH GROVE AVENUE, ELGIN, IL, 60120
NTEE Category
Code: L20Z - Housing
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