Overview
What is Habitat For Humanity Detroit?
Habitat for Humanity Detroit is a dedicated nonprofit organization based in Detroit, Michigan, with an address at 14325 Jane Street, 48205. Their primary mission is to provide decent, affordable housing to low-income families. They achieve this by constructing new homes and rehabilitating existing ones. Qualified homeowners are then offered these properties at construction costs or less, through low or no-interest bearing mortgages. In addition to home construction, Habitat for Humanity Detroit offers family support services. They work closely with qualified homeowners, providing training and support to enable them to become successful homeowners. Moreover, they strive to improve neighborhood conditions and reinvest the net collections from these activities to fund future Habitat for Humanity projects. With a team of 8 dedicated employees, they continue their mission to promote affordable housing opportunities for families in need.
Official website here: www.habitatdetroit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
Habitat For Humanity Detroit has achieved a 92% rating from Charity Navigator, earning a Four-Star out of Four Star rating, which reflects its strong accountability and financial health. This rating indicates that the organization is effectively managing its resources and is dedicated to transparency and ethical governance, as evidenced by an independent board and robust policies in place.
The organization demonstrates impressive financial ratios, including a program expense ratio of 75.68%, suggesting that a significant portion of its budget directly supports its mission. Additionally, the fundraising efficiency ratio indicates a low cost of fundraising, which means more of the donations received are directed towards programmatic efforts rather than administrative expenses.
While the financial health and accountability scores are commendable, potential supporters should note that the rating is based entirely on the Accountability & Finance beacon. This means that while the organization shows strong governance and efficient financial practices, there may be limited information regarding other operational aspects or impact metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Detroit legitimate?
Habitat For Humanity Detroit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Detroit 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: $136,669
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,652
For more financial information, click here
Official website here: www.habitatdetroit.org
What is the mission statement of Habitat For Humanity Detroit?
Habitat For Humanity Detroit's mission is centered around providing decent, affordable housing to low-income families. This is achieved through various activities. They construct new homes and renovate existing ones, selling them to eligible individuals at construction costs or less, often with low or no-interest mortgages. Additionally, the organization offers family support services, which involve selecting, training, and working with qualified low-income homeowners to prepare them for becoming Habitat for Humanity homeowners. Furthermore, Habitat for Humanity Detroit works with residents in existing neighborhoods to improve community conditions and reinvest the collected funds into future housing projects.
Official website here: www.habitatdetroit.org
Who is the CEO of Habitat For Humanity Detroit?
Stephanie Osterland is the President of Habitat For Humanity Detroit. The CEO's salary of Habitat For Humanity Detroit is $130,275 and their total compensation is $136,638.
Official website here: www.habitatdetroit.org
What is the revenue of Habitat For Humanity Detroit?
Habitat For Humanity Detroit's revenue in 2023 was $2,168,291.
Official website here: www.habitatdetroit.org
Who are the executives of Habitat For Humanity Detroit and what are their salaries?
The average compensation at Habitat For Humanity Detroit during 2023 was $65,040. There are 8 employees and 648 volunteers at Habitat For Humanity Detroit.
Here are 13 key members and their salaries (Habitat For Humanity Detroit's CEO's salary is $130,275 and their total compensation is $136,638):
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- Compensation: $130,275
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- Other: $6,363
Official website here: www.habitatdetroit.org
Where can I find the form 990 for Habitat For Humanity Detroit?
Habitat For Humanity Detroit's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.habitatdetroit.org
Learn more at the official website: www.habitatdetroit.org
Mission Statement of Habitat For Humanity Detroit
Habitat for Humanity Detroit, a nonprofit organization, is dedicated to providing decent, affordable housing solutions for low-income families. Their mission is twofold: firstly, they construct new homes and rehabilitate existing ones, selling these residences to qualified individuals at a cost lower than the construction price, often on a low or no-interest mortgage basis. Secondly, Habitat for Humanity Detroit focuses on family support services. They work closely with these low-income homeowners, providing training to ensure their successful transition into becoming Habitat for Humanity homeowners. Additionally, they collaborate with both new and existing residents to improve neighborhood conditions and reinvest their net collections into future Habitat for Humanity activities.
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Impact
July, 2024
Habitat For Humanity Detroit's impact is significant in providing decent, affordable housing to low-income families in Detroit. Through their home construction projects, they work towards offering housing opportunities to individuals in need by building new homes and renovating existing ones. These homes are sold to qualified individuals on a low or no-interest mortgage, ensuring affordability for those who may not have access to traditional housing options. Additionally, Habitat For Humanity Detroit provides family support services, offering training and assistance to low-income homeowners to help them become Habitat homeowners. Their efforts not only address the immediate housing needs of families but also contribute to improving neighborhood conditions and fostering community reinvestment.
This information is meant to be a general summary of Habitat For Humanity Detroit. 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: $500
- Program Service Revenue: $909,999
- Gross Receipts: $2,168,291
Assets and Liabilities:
- Total Assets: $2,959,878
- Total Liabilities: $61,655
- Net Assets: $2,898,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROVISION FOR MORTGAGE
Revenue
$510,412
SALE TO HOMEOWNERS
Revenue
$458,000
OTHER PROGRAM INCOME
Revenue
$10,653
IMPUTED INTEREST INCOM
Revenue
-$69,066
Organization Details
Founding Year
1986
Phone
(313) 521-6691Principal Officer
Stephanie Osterland
Main Address
14325 JANE STREET, DETROIT, MI, 48205
Website
www.habitatdetroit.orgNTEE Category
Code: L20 - Housing
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