Overview
What is Racine Habitat For Humanity Inc?
Racine Habitat for Humanity Inc., situated in Racine, Wisconsin, serves as an affiliate of Habitat for Humanity International. Their primary objective is to combat poverty housing and make decent shelter a societal concern and action. They achieve this by enabling individuals to build their own homes, working alongside volunteers, and paying an affordable mortgage. This process cultivates strength, stability, and self-reliance, enabling the homeowners to improve their lives and those of their families. In the year ending June 30, 2023, they had the support of 654 volunteers. As a nonprofit organization, Racine Habitat for Humanity Inc. strives to eliminate barriers to a better, healthier, and more financially stable life. Their headquarters can be found at 1501 Villa Street, Racine, WI 53403.
Official website here: www.habitatracine.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Racine Habitat For Humanity Inc has achieved a remarkable score of 97%, which reflects a strong commitment to accountability and financial health. The organization benefits from a fully independent board and excellent financial oversight, with practices in place that ensure transparency and compliance, such as whistleblower and conflict of interest policies. Their effective governance is complemented by solid management of resources, indicated by low liabilities and high program expense ratios.
The charity excels in program efficiency, with a program expense ratio of 96.67%, signifying that the vast majority of their expenditures directly support their mission. Their financial health is further exemplified by an impressive working capital ratio, demonstrating their capability to sustain operations over an extended period. However, while their fundraising efficiency shows room for improvement, the organization's overall financial practices are robust and well-managed.
Overall, Racine Habitat For Humanity Inc stands out for its strong governance and effective use of funds, making it a reliable choice for potential donors looking to support impactful community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Racine Habitat For Humanity Inc legitimate?
Racine Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Racine 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: $100,719
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,037
For more financial information, click here
Official website here: www.habitatracine.org
What is the mission statement of Racine Habitat For Humanity Inc?
Racine Habitat for Humanity, Inc., as an affiliate of Habitat for Humanity International, is committed to eliminating poverty housing and making decent shelter a priority. They believe in taking action and making it a matter of conscience. In the year ending June 30, 2023, they had 654 volunteers contributing to their cause. The organization helps Habitat homeowners build their own homes, working alongside volunteers and paying an affordable mortgage. This process empowers Habitat homeowners to achieve strength, stability, and self-reliance, significantly improving their lives and those of their families. Racine Habitat for Humanity's mission is also geared towards removing barriers to a better, healthier, and more financially stable life.
Official website here: www.habitatracine.org
Who is the CEO of Racine Habitat For Humanity Inc?
Grant Buenger is the Executive Dir. of Racine Habitat For Humanity Inc.
Official website here: www.habitatracine.org
What is the revenue of Racine Habitat For Humanity Inc?
Racine Habitat For Humanity Inc's revenue in 2023 was $2,327,181.
Official website here: www.habitatracine.org
Who are the executives of Racine Habitat For Humanity Inc and what are their salaries?
The average compensation at Racine Habitat For Humanity Inc during 2023 was $30,058. There are 13 employees and 654 volunteers at Racine Habitat For Humanity Inc.
Here are 14 key members and their salaries:
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Official website here: www.habitatracine.org
Where can I find the form 990 for Racine Habitat For Humanity Inc?
Racine Habitat For Humanity Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.habitatracine.org
Learn more at the official website: www.habitatracine.org
Mission Statement of Racine Habitat For Humanity Inc
Racine Habitat for Humanity Inc, an affiliate of Habitat for Humanity International, is committed to eliminating poverty housing and making decent shelter a matter of conscience and action. This nonprofit organization strives to achieve this mission by engaging volunteers in the construction of homes for families in need. During the year ended on June 30, 2023, they were fortunate to have 654 volunteers participating in their initiatives.
Through their work, Racine Habitat for Humanity Inc aims to empower homeowners to build their own houses, working alongside volunteers and paying an affordable mortgage. This process not only provides the necessary strength, stability, and self-reliance for individuals and their families but also contributes to a better, healthier, and more financially stable life. By helping Habitat homeowners achieve these goals, Racine Habitat for Humanity Inc is effectively breaking down barriers to a more prosperous life.
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Impact
July, 2024
Racine Habitat For Humanity Inc's impact is significant in the community of Racine, Wisconsin. The organization works diligently to eliminate poverty housing and provide decent shelter to those in need through their conscious and active efforts. With 654 volunteers involved during the year ending 06-30-23, Racine Habitat For Humanity is able to build homes and offer new and gently used furniture, home accessories, building materials, and appliances at affordable prices through their store.
One of the unique aspects of Racine Habitat For Humanity is their model of engaging homeowners in the building process. Habitat homeowners actively participate in constructing their homes alongside volunteers and eventually pay an affordable mortgage. This approach fosters strength, stability, and self-reliance among the individuals and families served by the organization. Through their commitment to providing affordable housing solutions and empowering individuals to take ownership of their living situations, Racine Habitat For Humanity makes a tangible difference in the lives of many in the community.
This information is meant to be a general summary of Racine 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: -$19,911
- Program Service Revenue: $1,116,409
- Gross Receipts: $2,328,410
Assets and Liabilities:
- Total Assets: $4,554,850
- Total Liabilities: $333,537
- Net Assets: $4,221,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES & FINANCING
Revenue
$629,478
MERCHANDISE SALES
Revenue
$486,931
Organization Details
Founding Year
1988
Phone
(262) 637-9176Principal Officer
Grant Buenger
Main Address
1501 VILLA STREET, RACINE, WI, 53403
Website
www.habitatracine.orgNTEE Category
Code: L20Z - Housing
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