Overview
What is Habitat For Humanity Menominee River Inc?
Habitat For Humanity Menominee River Inc, based in Iron Mountain, Michigan, is a dedicated nonprofit organization that focuses on creating affordable home ownership. They achieve this by collaborating with suitable sites, eligible families, and community volunteers to construct or renovate homes using donated labor, materials, and funds. Their primary mission is to provide housing for low-income families, contributing to neighborhood improvements and fostering communities where individuals can flourish and reach their full potential. The organization, employing 13 individuals, executes this mission by constructing and renovating homes, thereby empowering families in need.
Official website here: www.habitatmr.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Habitat For Humanity Menominee River Inc has achieved a high level of accountability and finance, reflected in its 96% rating from Charity Navigator. This score indicates the organization’s strong commitment to transparency and effective financial management, ensuring that donated funds are utilized efficiently.
The organization boasts a fully independent board, with all eight members meeting the independence criteria, which contributes to its robust governance structure. Additionally, it has established comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention, all of which enhance its operational integrity.
With a program expense ratio of 84.76%, Habitat For Humanity Menominee River Inc demonstrates that a significant portion of its expenses directly supports its mission-driven activities. The organization has also shown a commendable liabilities to assets ratio of 6.40%, ensuring financial stability. Overall, the high ratings highlight a well-managed nonprofit focused on its charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Menominee River Inc legitimate?
Habitat For Humanity Menominee River Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Menominee River 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: $53,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,405
For more financial information, click here
Official website here: www.habitatmr.com
What is the mission statement of Habitat For Humanity Menominee River Inc?
Habitat For Humanity Menominee River Inc's mission is centered around providing housing for low-income families. They accomplish this through constructing and renovating homes, as well as improving neighborhoods. The organization's work is driven by a partnership with the community and a belief in serving families in need. By aligning available sites, families, and volunteer labor, they build or rehabilitate homes using donated materials and funds. Each year, they provide one to two homes to income-qualified partner families, with the aim of enabling individuals and families to live and grow to their full potential in their communities.
Official website here: www.habitatmr.com
Who is the CEO of Habitat For Humanity Menominee River Inc?
Mike Peters is the President of Habitat For Humanity Menominee River Inc.
Official website here: www.habitatmr.com
What is the revenue of Habitat For Humanity Menominee River Inc?
Habitat For Humanity Menominee River Inc's revenue in 2022 was $467,882.
Official website here: www.habitatmr.com
Who are the executives of Habitat For Humanity Menominee River Inc and what are their salaries?
The average compensation at Habitat For Humanity Menominee River Inc during 2022 was $11,336. There are 13 employees and 90 volunteers at Habitat For Humanity Menominee River Inc.
Here are 11 key members and their salaries:
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Official website here: www.habitatmr.com
Where can I find the form 990 for Habitat For Humanity Menominee River Inc?
Habitat For Humanity Menominee River Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatmr.com
Learn more at the official website: www.habitatmr.com
Mission Statement of Habitat For Humanity Menominee River Inc
Habitat for Humanity Menominee River works in collaboration with God and individuals worldwide to serve families in need. Their mission is to construct and renovate houses, while simultaneously improving neighborhoods, with the ultimate goal of creating communities where people can live and grow to their full potential. This nonprofit organization achieves this by matching suitable sites, eligible partner families, and community volunteers. Through the donation of labor, materials, and funds, they construct or rehabilitate homes, providing approximately 1-2 homes annually to income-qualified partner families. By doing so, Habitat for Humanity Menominee River contributes significantly to the provision of affordable home ownership, thereby enhancing the lives of those in need.
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Impact
July, 2024
Habitat For Humanity Menominee River Inc is making a direct impact by providing housing for low-income families through home construction and rehabilitation. By matching sites, families, and community volunteers to build or refurbish homes using donated labor, materials, and funds, this organization is creating affordable homeownership opportunities. Each year, they provide 1-2 homes to income-qualified partner families in Iron Mountain, MI. Habitat For Humanity Menominee River's mission revolves around working in partnership with God and people everywhere to serve families in need, building and renovating homes to improve neighborhoods and create communities where individuals can live and grow to their full potential. Their focus on housing helps address the critical need for affordable shelter and contributes to the well-being and stability of families in the region.
This information is meant to be a general summary of Habitat For Humanity Menominee River 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: $1,260
- Program Service Revenue: $153,633
- Gross Receipts: $497,022
Assets and Liabilities:
- Total Assets: $1,563,065
- Total Liabilities: $120,985
- Net Assets: $1,442,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME REPAIR
Revenue
$103,579
MORTGAGE DISCOUNT
Revenue
$36,867
HOME/PROPERTY SALES INCOME
Revenue
$12,000
OTHER PROGRAM INCOME
Revenue
$1,187
Organization Details
Founding Year
1993
Phone
(906) 779-5377Principal Officer
Mike Peters
Main Address
PO BOX 398, IRON MOUNTAIN, MI, 49801
Website
www.habitatmr.comNTEE Category
Code: L20 - Housing
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