Overview
What is Kalamazoo Valley Habitat For Humanity Inc?
Kalamazoo Valley Habitat for Humanity Inc is a nonprofit organization located in Kalamazoo, Michigan, specifically at 1126 Gull Road. Their primary mission is to construct, renovate, or repair homes for low-income residents in Kalamazoo County. This is achieved through a combination of volunteer labor, paid staff, and professional and contracted services. The organization oversees the entire home building process, from land acquisition to construction and landscaping. Their support primarily comes from the sale of homes, various government grants, and contributions from individual donors and organizations. In addition to building new homes, Kalamazoo Valley Habitat for Humanity has implemented a home repair program to meet the changing needs of the communities they serve in economically depressed urban areas of Kalamazoo County. With a workforce of 28 employees, they strive to improve the living conditions for low-income families in the area.
Official website here: www.habitatkalamazoo.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80%, Three-Star out of Four Star rating.
Kalamazoo Valley Habitat For Humanity Inc has earned an overall score of 80% from Charity Navigator, reflecting a solid level of accountability and financial health. The organization boasts a high Accountability & Finance Score of 81, with 100% of its board members being independent, indicating strong governance practices. The charity demonstrates good fiscal responsibility, with a program expense ratio of 86.36%, showing a significant portion of funds directed towards its mission.
Strengths of the organization include its comprehensive policies on conflict of interest, whistleblowers, and document retention, all of which are fully documented and in place. Additionally, the charity has no material diversion of assets, and its liabilities to assets ratio stands at a healthy 8.35%. These factors contribute to a trustworthy operational environment, fostering community confidence in its commitment to transparency.
However, while the charity performs well in accountability and finance, it received a lower Culture & Community Score of 75, suggesting there may be areas for improvement in community engagement or representation. The Equity Strategies Score, also at 75, indicates potential opportunities to enhance inclusivity within its programs and outreach efforts. Overall, Kalamazoo Valley Habitat For Humanity Inc demonstrates a commendable commitment to its mission, backed by strong governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Kalamazoo Valley Habitat For Humanity Inc legitimate?
Kalamazoo Valley Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalamazoo Valley Habitat For Humanity 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: $86,436
Professional Fundraising Fees: $0
Other Salaries and Wages: $634,588
For more financial information, click here
Official website here: www.habitatkalamazoo.org
What is the mission statement of Kalamazoo Valley Habitat For Humanity Inc?
Kalamazoo Valley Habitat for Humanity Inc's mission is focused on providing housing solutions for low-income families. The organization acquires land and homes, both new and existing, to construct or renovate and sell them under interest-free land contracts or mortgages. These homes are primarily located in economically depressed urban areas. The organization's main source of support comes from home sales, various government grants, and contributions from individual donors and organizations. Additionally, Kalamazoo Valley Habitat for Humanity has implemented a home repair program to adapt to the evolving needs of the communities it serves.
Official website here: www.habitatkalamazoo.org
Who is the CEO of Kalamazoo Valley Habitat For Humanity Inc?
Mike Oliphant is the Exec. Direct of Kalamazoo Valley Habitat For Humanity Inc.
Official website here: www.habitatkalamazoo.org
What is the revenue of Kalamazoo Valley Habitat For Humanity Inc?
Kalamazoo Valley Habitat For Humanity Inc's revenue in 2022 was $2,224,983.
Official website here: www.habitatkalamazoo.org
Who are the executives of Kalamazoo Valley Habitat For Humanity Inc and what are their salaries?
The average compensation at Kalamazoo Valley Habitat For Humanity Inc during 2022 was $25,751. There are 28 employees and 1300 volunteers at Kalamazoo Valley Habitat For Humanity Inc.
Here are 13 key members and their salaries:
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Official website here: www.habitatkalamazoo.org
Where can I find the form 990 for Kalamazoo Valley Habitat For Humanity Inc?
Kalamazoo Valley Habitat For Humanity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatkalamazoo.org
Learn more at the official website: www.habitatkalamazoo.org
Mission Statement of Kalamazoo Valley Habitat For Humanity Inc
Kalamazoo Valley Habitat for Humanity Inc. is dedicated to acquiring land and homes, both new and renovated, to provide housing solutions for very low-income families. These homes are situated in urban areas of Kalamazoo County, which are typically considered economically depressed. The organization primarily relies on the sale of homes, government grants, and contributions from individual donors and various organizations for its support.
In addition to selling homes, Kalamazoo Valley Habitat for Humanity Inc. has implemented a home repair program to address the changing needs of the communities it serves. This program aims to improve the living conditions of families in need, thereby contributing to the overall well-being of these communities. By providing interest-free land contracts or mortgages, the organization enables families to become homeowners, thereby contributing to their long-term financial stability and sense of belonging.
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Impact
July, 2024
Kalamazoo Valley Habitat For Humanity Inc impacts the community by acquiring land and homes to build new homes and renovate existing ones for very low-income families in economically depressed urban areas of Kalamazoo County. Through a combination of volunteer and paid staff, as well as professional and contracted labor, they oversee the entire home building process from land acquisition to landscaping. By selling these homes under interest-free land contracts or mortgages, they provide affordable housing solutions to those in need. Their efforts are supported by the sale of homes, government grants, and contributions from individual donors and organizations. In addition to housing construction, they have implemented a home repair program to address the changing needs of the communities they serve.
This information is meant to be a general summary of Kalamazoo Valley Habitat For Humanity 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 2022.
- Investment Income: $17,506
- Program Service Revenue: $1,243,365
- Gross Receipts: $2,347,264
Assets and Liabilities:
- Total Assets: $4,550,751
- Total Liabilities: $100,057
- Net Assets: $4,450,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSFERS TO HOMEOWNERS
Revenue
$568,000
RESTORE
Revenue
$489,991
MORTGAGE & LOAN DISC AMORT
Revenue
$163,291
REPAIR INCOME
Revenue
$22,083
Organization Details
Founding Year
1983
Phone
(269) 344-2443Principal Officer
Mike Oliphant
Main Address
1126 GULL ROAD, KALAMAZOO, MI, 49048
Website
www.habitatkalamazoo.orgNTEE Category
Code: L20Z - Housing
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