Overview
What is Fox Valley Habitat For Humanity?
Fox Valley Habitat for Humanity is a nonprofit organization based in Montgomery, Illinois. Their primary mission is to construct and renovate modest, affordable homes for families in need, utilizing volunteer labor and tax-deductible donations of funds and materials. This nonprofit aims to foster collaboration between individuals from diverse religious and financial backgrounds, promoting the building of affordable housing, establishing new relationships, and fostering a sense of community. With a dedicated team of 17 employees, Fox Valley Habitat for Humanity offers an opportunity for individuals to contribute to a worthy cause, ultimately providing secure housing solutions to local families.
Official website here: www.chicagolandhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Fox Valley Habitat For Humanity has received a Two-Star rating, indicating room for improvement in its accountability and financial management practices. The organization has a Program Expense Ratio of 84.25%, which demonstrates a strong commitment to its charitable mission by directing a significant portion of its budget towards programs. Additionally, it has a favorable Liabilities to Assets Ratio of 32.33%, suggesting solid financial health.
However, the organization faces notable limitations in governance. It has no independent board members and lacks several crucial policies, including those for conflict of interest and whistleblower protections. The absence of documented board meeting minutes and deficiencies in the auditing process further underscore areas that require attention to enhance transparency and overall governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Fox Valley Habitat For Humanity legitimate?
Fox Valley Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fox Valley 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: $70,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $435,781
For more financial information, click here
Official website here: www.chicagolandhabitat.org
What is the mission statement of Fox Valley Habitat For Humanity?
Fox Valley Habitat for Humanity's mission is centered around bringing individuals from diverse religious and financial backgrounds together. They accomplish this by engaging them in equal partnerships to construct affordable housing. This collaborative effort not only results in the construction of modest dwellings but also fosters the development of new relationships and a sense of community. The organization relies on volunteer labor and tax-deductible donations of money and materials to build or renovate these homes. The homes are sold to partner families at no profit, utilizing affordable and interest-free loans.
Official website here: www.chicagolandhabitat.org
Who is the CEO of Fox Valley Habitat For Humanity?
Jeff Barrett is the Ceo of Fox Valley Habitat For Humanity. The CEO's salary of Fox Valley Habitat For Humanity is $0 and their total compensation is $0.
Official website here: www.chicagolandhabitat.org
What is the revenue of Fox Valley Habitat For Humanity?
Fox Valley Habitat For Humanity's revenue in 2022 was $1,441,959.
Official website here: www.chicagolandhabitat.org
Who are the executives of Fox Valley Habitat For Humanity and what are their salaries?
The average compensation at Fox Valley Habitat For Humanity during 2022 was $29,752. There are 17 employees at Fox Valley Habitat For Humanity.
Here are 14 key members and their salaries (Fox Valley Habitat For Humanity's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.chicagolandhabitat.org
Where can I find the form 990 for Fox Valley Habitat For Humanity?
Fox Valley Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chicagolandhabitat.org
Learn more at the official website: www.chicagolandhabitat.org
Mission Statement of Fox Valley Habitat For Humanity
Fox Valley Habitat for Humanity, a nonprofit organization, aims to bring individuals from diverse religious and financial backgrounds together in equal partnership. Their mission is centered around constructing affordable housing, fostering new relationships, and cultivating a sense of community. Through the utilization of volunteer labor and tax-deductible donations of both money and materials, Fox Valley Habitat for Humanity builds and rehabilitates simple, decent homes. These homes are then sold to partner families at no profit, financed with affordable and interest-free loans. The organization's objective is to empower these families by providing them with a secure and affordable living space, thereby enabling them to focus on other aspects of their lives and build stronger communities.
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Impact
October, 2024
Fox Valley Habitat for Humanity brings together individuals from diverse religious and financial backgrounds to collaborate in building affordable housing. This initiative fosters new relationships and cultivates a strong sense of community. By utilizing volunteer labor and encouraging tax-deductible donations of money and materials, the organization constructs and rehabilitates simple, decent homes. These homes are then sold to partner families at no profit, financed through affordable, no-interest loans, making homeownership accessible to those who may otherwise struggle to secure stable housing. The impact is profound, not only providing families with a place to live but also creating lasting connections among volunteers, homeowners, and the wider community, ultimately transforming lives and neighborhoods.
This information is meant to be a general summary of Fox Valley 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.
- Program Service Revenue: $405,000
- Gross Receipts: $1,555,064
Assets and Liabilities:
- Total Assets: $2,932,970
- Total Liabilities: $1,127,237
- Net Assets: $1,805,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$405,000
Organization Details
Founding Year
1987
Principal Officer
Jeff Barrett
Main Address
1300 S BROADWAY ROAD STE No 101, MONTGOMERY, IL, 60538
Website
www.chicagolandhabitat.orgNTEE Category
Code: L20 - Housing
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