Overview
What is Habitat For Humanity Of Fulton Co Il Inc?
Habitat for Humanity of Fulton County, Illinois, is a nonprofit organization committed to addressing housing needs within the community. They primarily focus on financing and constructing homes for low-income families using volunteer labor. This year, their efforts included upgrading existing client housing. Their mission is to provide affordable housing options for those in need, aiming to enhance the living conditions of Fulton County's residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Habitat For Humanity of Fulton Co IL Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating indicates a commendable level of accountability and financial health, which is essential for transparency and trust among donors and stakeholders. The organization excels in maintaining an independent board, with 100% of its members being independent, and demonstrates strong governance practices, including documented board meeting minutes and a conflict of interest policy.
Financially, the nonprofit shows robust management, highlighted by a low liabilities-to-assets ratio of just 0.28%. Additionally, an impressive program expense ratio of 73.36% suggests that a significant portion of its funding is directed towards its mission-related activities rather than administrative costs. This focus on program expenses is indicative of the organization's commitment to effective use of resources in serving the community.
While the organization demonstrates strengths in governance and financial management, continued vigilance in maintaining these standards will be crucial for sustaining stakeholder confidence and operational effectiveness in the long term. Overall, Habitat For Humanity of Fulton Co IL Inc is positioned well in terms of accountability, though ongoing efforts to enhance its impact will be important.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Fulton Co Il Inc legitimate?
Habitat For Humanity Of Fulton Co Il Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Fulton Co Il Inc 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: $28,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Habitat For Humanity Of Fulton Co Il Inc?
Habitat for Humanity of Fulton County, Illinois, is committed to a mission of providing housing solutions for families in need. They accomplish this by financing and constructing homes, primarily utilizing volunteer labor. The organization aims to offer affordable housing options, working on upgrading existing client housing and constructing new homes. Their primary objective is to improve living conditions for low-income families, ensuring they have a decent place to call home.
Who is the CEO of Habitat For Humanity Of Fulton Co Il Inc?
William Nagle is the President of Habitat For Humanity Of Fulton Co Il Inc.
What is the revenue of Habitat For Humanity Of Fulton Co Il Inc?
Habitat For Humanity Of Fulton Co Il Inc's revenue in 2023 was $88,122.
Who are the executives of Habitat For Humanity Of Fulton Co Il Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Fulton Co Il Inc during 2023 was $28,000. There is 1 employee and 35 volunteers at Habitat For Humanity Of Fulton Co Il Inc.
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- Compensation: $28,000
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Where can I find the form 990 for Habitat For Humanity Of Fulton Co Il Inc?
Habitat For Humanity Of Fulton Co Il Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Habitat For Humanity Of Fulton Co Il Inc
Habitat for Humanity of Fulton Co Il Inc is dedicated to providing housing solutions for families in need. Their primary mission is to finance and construct homes, utilizing voluntary labor, for low-income families in Fulton county, Illinois. The organization's ultimate goal is to make affordable housing available to these families, thereby contributing to their overall well-being and stability. This year, Habitat for Humanity of Fulton Co Il Inc has taken on the task of upgrading client housing, demonstrating their commitment to continuous improvement and support for the community. In essence, the organization serves as a beacon of hope, providing a pathway towards secure and decent living conditions for families who might otherwise struggle to secure such amenities.
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Impact
October, 2024
Habitat For Humanity of Fulton County, IL, has a significant impact on the community by providing affordable housing to low-income families. By financing and constructing homes primarily using voluntary labor, the organization helps families achieve homeownership and stability. Currently, 13 homes are financed, and ongoing upgrades to client housing demonstrate a commitment to enhancing living conditions. This initiative not only addresses the immediate need for shelter but also fosters a sense of community and empowerment among residents in Fulton County, Illinois. Through these efforts, Habitat for Humanity is making a lasting difference in the lives of those in need.
This information is meant to be a general summary of Habitat For Humanity Of Fulton Co Il Inc. 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: $3,870
- Program Service Revenue: $51,556
- Gross Receipts: $88,122
Assets and Liabilities:
- Total Assets: $386,549
- Total Liabilities: $1,118
- Net Assets: $385,431
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Home Sales
Revenue
$36,700
Mortgage discount amortization
Revenue
$14,856
Organization Details
Founding Year
1998
Phone
(309) 647-1666Principal Officer
William Nagle
Main Address
215 W ELM ST, CANTON, IL, 61520
NTEE Category
Code: L20 - Housing
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