Overview
What is Habitat For Humanity Lakeside Inc?
Habitat for Humanity Lakeside Inc is a nonprofit organization located in Sheboygan, Wisconsin. Their primary mission is to provide affordable housing solutions to families in need, both through constructing new homes and rehabilitating distressed properties in Sheboygan County. This is achieved through their Home Buyer Program and Home Repair Program, which require families to contribute "sweat equity" and make monthly mortgage payments. The organization also runs the Rock the Block initiative, focusing on revitalizing specific neighborhoods. Through volunteer labor, in-kind partnerships, and affordable financing, Habitat for Humanity Lakeside Inc aims to make housing affordable and improve the quality of life for families. The organization completed 14 projects during the fiscal year, serving a total of 39 individuals.
Official website here: www.habitatlakeside.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
Habitat For Humanity Lakeside Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong financial health and accountability. The charity achieved a perfect score of 100 in the Accountability & Finance section, indicating that it operates with a high level of transparency and integrity. Notably, the organization boasts an entirely independent board and has established robust policies for financial oversight and conflict of interest, showcasing its commitment to ethical governance.
The organization demonstrates a solid program expense ratio of 81.52%, meaning a significant portion of its funds goes directly to its programs rather than administrative costs. This efficiency in resource allocation is crucial for maximizing impact in the community. Additionally, with a liabilities to assets ratio of 22.65%, Habitat For Humanity Lakeside Inc maintains a strong balance sheet, suggesting financial stability.
However, while the charity shows strengths in financial practices and governance, its Culture & Community score of 75 indicates there may be room for improvement in community engagement strategies. Overall, the organization stands out for its financial accountability and commitment to serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Lakeside Inc legitimate?
Habitat For Humanity Lakeside Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Lakeside 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: $81,112
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,934
For more financial information, click here
Official website here: www.habitatlakeside.com
What is the mission statement of Habitat For Humanity Lakeside Inc?
Habitat for Humanity Lakeside Inc's mission is centered around putting God's love into action. They bring people together to construct and renovate homes, fostering a sense of community and hope. Through their Home Buyer Program, they construct or rehabilitate homes for eligible families, offering them affordable housing while benefiting the community. Families contribute through 'sweat equity' hours, down payments, and mortgage payments. The Home Repair Program provides affordable financing and repairs to homeowners, improving their living conditions and contributing to neighborhood revitalization. Rock the Block, a similar initiative, focuses on completing multiple home repairs within a neighborhood over a three-day period, involving a large number of volunteers. This holistic approach allows Habitat for Humanity to serve more families, combining new home construction with home preservation and other services.
Official website here: www.habitatlakeside.com
Who is the CEO of Habitat For Humanity Lakeside Inc?
Andres Araujo is the Exececutive of Habitat For Humanity Lakeside Inc.
Official website here: www.habitatlakeside.com
What is the revenue of Habitat For Humanity Lakeside Inc?
Habitat For Humanity Lakeside Inc's revenue in 2023 was $1,094,970.
Official website here: www.habitatlakeside.com
Who are the executives of Habitat For Humanity Lakeside Inc and what are their salaries?
The average compensation at Habitat For Humanity Lakeside Inc during 2023 was $17,716. There are 21 employees and 426 volunteers at Habitat For Humanity Lakeside Inc.
Here are 14 key members and their salaries:
- Compensation: $67,725
- Related: $0
- Other: $8,035
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.habitatlakeside.com
Where can I find the form 990 for Habitat For Humanity Lakeside Inc?
Habitat For Humanity Lakeside Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.habitatlakeside.com
Learn more at the official website: www.habitatlakeside.com
Mission Statement of Habitat For Humanity Lakeside Inc
Habitat for Humanity Lakeside, a nonprofit organization, is dedicated to putting God's love into action. They achieve this by bringing people together to build homes, communities, and hope. The mission of Habitat for Humanity Lakeside is to bring about positive change, focusing on home construction and renovation. They build new homes or rehabilitate distressed properties, selling them to qualified families at an affordable price. This program not only benefits the homebuyers with decent, affordable housing but also contributes to the community by improving neighborhoods, increasing tax revenue, and providing stable housing.
In addition to the home buyer program, Habitat for Humanity Lakeside offers an affordable home repair program for homeowners who meet certain qualifications. Through this program, they provide financing for necessary repairs, which not only improves the quality of life for homeowners but also contributes to the maintenance of housing stock in the community. This program is not a handout; homeowners contribute through sweat equity hours and repayment of loans.
Habitat for Humanity Lakeside also implements a program called Rock the Block, which focuses on completing repairs needed for a homeowner's house in a specific neighborhood. This program engages the community, recruiting volunteers to assist in the revitalization of the chosen area. By focusing on home preservation and other services, Habitat for Humanity Lakeside is able to serve more families, going beyond just new home construction. The organization's mission is to improve lives and communities, one home and one family at a time, through its various programs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Habitat For Humanity Lakeside Inc is making a significant impact in Sheboygan, WI by bringing people together to build homes, community, and hope. Through its Home Buyer Program, the organization builds new construction or rehabilitates distressed homes in Sheboygan County, providing families with decent, affordable housing and contributing to the redevelopment of neighborhoods. This program, which requires "sweat equity" from home buyers, helps stabilize communities and increase tax revenue.
Additionally, Habitat For Humanity Lakeside Inc's Home Repair Program offers affordable financing to homeowners in Sheboygan County, allowing them to make necessary repairs and improve their quality of life at home. By completing repair projects and engaging residents through initiatives like Rock the Block, the organization is revitalizing neighborhoods and serving more families in need. Overall, Habitat For Humanity Lakeside Inc's work is instrumental in creating sustainable solutions for affordable housing and fostering a sense of community and empowerment.
This information is meant to be a general summary of Habitat For Humanity Lakeside 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: $12,879
- Program Service Revenue: $363,296
- Gross Receipts: $1,388,460
Assets and Liabilities:
- Total Assets: $1,914,345
- Total Liabilities: $433,624
- Net Assets: $1,480,721
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSFERS TO HOMEOWNERS
Revenue
$234,324
PROGRAM SERVICE FEES
Revenue
$89,994
MORTGAGE DISCOUNT AMORT.
Revenue
$38,978
Organization Details
Founding Year
1993
Phone
(920) 458-3399Principal Officer
Andres Araujo
Main Address
PO BOX 973, SHEBOYGAN, WI, 530820973
Website
www.habitatlakeside.comNTEE Category
Code: L20 - Housing
If you are a representative of Habitat For Humanity Lakeside Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.