Overview
What is Tri-Cities Area Habitat For Humanity Inc?
Tri-Cities Area Habitat for Humanity Inc. is a nonprofit organization situated in Grand Haven, Michigan. Their primary mission is to combat substandard housing by constructing and renovating homes for eligible low-income families. They accomplish this by extending credit to eligible families through the provision of non-interest-bearing notes. This organization, with a team of 11 dedicated individuals, strives to provide simple, decent, and affordable living spaces for those in need, contributing to the betterment of the community.
Official website here: www.tricitieshabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Tri-Cities Area Habitat For Humanity Inc has received a Three-Star rating from Charity Navigator, indicating strong accountability and finance practices. The charity scored 87% overall, with its rating primarily based on its accountability and financial management. The organization demonstrates robust governance with an entirely independent board and transparent financial policies, including a conflict of interest policy and a whistleblower policy.
The nonprofit shows a responsible approach to managing its resources, reflected in its low liabilities to assets ratio of 18.66%, indicating a solid financial standing. Program expenses comprise 61.62% of total expenses, which suggests a commitment to its mission and programs, though this ratio could be improved for even greater effectiveness in fund allocation.
While the charity excels in many areas, the program expense ratio may invite scrutiny regarding its overall impact and efficiency in utilizing funds to support its mission. Nonetheless, the comprehensive governance policies and independent oversight reflect positively on its organizational structure and commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Tri-Cities Area Habitat For Humanity Inc legitimate?
Tri-Cities Area Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri-Cities Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $357,615
For more financial information, click here
Official website here: www.tricitieshabitat.org
What is the mission statement of Tri-Cities Area Habitat For Humanity Inc?
Tri-Cities Area Habitat for Humanity Inc is committed to eliminating substandard housing by providing simple, decent, and affordable homes to eligible low-income families. The organization extends credit to these families by offering non-interest bearing notes. Their primary activity involves the construction of new and rehabilitated homes for these qualified families, aiming to improve their living conditions.
Official website here: www.tricitieshabitat.org
Who is the CEO of Tri-Cities Area Habitat For Humanity Inc?
Arlan Meekhof is the Interim Exec Director of Tri-Cities Area Habitat For Humanity Inc.
Official website here: www.tricitieshabitat.org
What is the revenue of Tri-Cities Area Habitat For Humanity Inc?
Tri-Cities Area Habitat For Humanity Inc's revenue in 2023 was $463,439.
Official website here: www.tricitieshabitat.org
Who are the executives of Tri-Cities Area Habitat For Humanity Inc and what are their salaries?
The average compensation at Tri-Cities Area Habitat For Humanity Inc during 2023 was $32,510. There are 11 employees and 125 volunteers at Tri-Cities Area Habitat For Humanity Inc.
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Official website here: www.tricitieshabitat.org
Where can I find the form 990 for Tri-Cities Area Habitat For Humanity Inc?
Tri-Cities Area Habitat For Humanity Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tricitieshabitat.org
Learn more at the official website: www.tricitieshabitat.org
Mission Statement of Tri-Cities Area Habitat For Humanity Inc
Tri-Cities Area Habitat for Humanity Inc is committed to eliminating substandard housing by providing simple, decent, and affordable homes to eligible low-income families. The organization extends credit to these families by offering non-interest bearing notes, enabling them to become homeowners. In essence, the mission of Tri-Cities Area Habitat for Humanity Inc is to empower low-income families by providing them with the opportunity to own their own homes, thereby improving their living standards and breaking the cycle of substandard housing. The organization achieves this mission through the construction of new and rehabilitated homes, ensuring that eligible families can secure a dignified and affordable place to call home.
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Impact
July, 2024
Tri-Cities Area Habitat For Humanity Inc's impact can be seen in its efforts to provide simple, decent, and affordable homes to eligible low-income families in Grand Haven, Michigan. Through the construction of new and rehabilitated homes, this organization is actively working to eliminate sub-standard housing and help families achieve stable living conditions. By extending credit to eligible families through non-interest bearing notes, Tri-Cities Area Habitat For Humanity Inc is making a tangible difference in the lives of those in need of adequate housing.
This information is meant to be a general summary of Tri-Cities Area 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 2023.
- Investment Income: $1,778
- Program Service Revenue: $35,432
- Gross Receipts: $650,881
Assets and Liabilities:
- Total Assets: $1,554,034
- Total Liabilities: $290,051
- Net Assets: $1,263,983
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AMORTN OF DISCOUNT-HOMES SOLD
Revenue
$31,585
HOMEOWNER LATE FEES, ETC.
Revenue
$3,847
Organization Details
Founding Year
1989
Phone
(616) 846-1505Principal Officer
Arlan Meekhof
Main Address
PO BOX 707, GRAND HAVEN, MI, 49417
Website
www.tricitieshabitat.orgNTEE Category
Code: L20 - Housing
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