Overview
What is Central Minnesota Habitat For Humanity?
Central Minnesota Habitat for Humanity is a dedicated nonprofit organization situated in St. Cloud, Minnesota. Their primary mission is to combat poverty housing in the region and ensure decent, affordable shelter for everyone, viewing it as a moral imperative. To accomplish this, they collaborate with qualified low-income individuals, constructing both new and refurbished homes. In the course of the current fiscal year, they have successfully sold four homes to their clients. The organization actively gathers communities to transform lives through the provision of affordable homeownership. With a modest workforce of 13 employees, Central Minnesota Habitat for Humanity continues to make significant strides in their mission.
Official website here: www.cmhfh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star Rating)
Central Minnesota Habitat For Humanity has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization has achieved an impressive accountability and finance score of 93%, which is primarily based on its effective governance practices and financial oversight. This high score indicates that the charity is well-managed and adheres to rigorous standards in its operations.
The nonprofit boasts a fully independent board of directors, with 100% of its members being independent, which enhances its governance. Additionally, the organization has established comprehensive policies, including those for conflict of interest and whistleblower protection, all of which are crucial for maintaining trust and transparency. Their financial statements are rigorously audited, with no reported material diversions of assets, showcasing a responsible approach to managing funds.
However, while the organization has strong program expense ratios at over 85%, indicating that a significant portion of its expenses directly supports its mission, there is room for improvement in its liabilities to assets ratio, which stands at 59.84%. This suggests that the organization may have moderate liabilities compared to its assets, a factor that potential donors may want to consider. Overall, Central Minnesota Habitat For Humanity demonstrates robust financial health and governance, making it a worthy candidate for support.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Central Minnesota Habitat For Humanity?
86% of reviewers recommend Central Minnesota Habitat For Humanity on Facebook. Here is a summary of their reviews:
Many individuals express deep gratitude towards the organization, highlighting its impactful services. Comments emphasize the life-changing nature of the programs offered, with numerous users recognizing the dedication of both staff and volunteers. This sentiment reflects a strong appreciation for the supportive environment the nonprofit creates.
Overall, the overwhelming positivity indicates that the organization effectively meets the needs of those it serves, leaving a lasting impression on participants.
This AI summary has been generated from reviews found on Facebook.
Is Central Minnesota Habitat For Humanity legitimate?
Central Minnesota Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Minnesota Habitat For Humanity 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: $33,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $453,376
For more financial information, click here
Official website here: www.cmhfh.org
What is the mission statement of Central Minnesota Habitat For Humanity?
Central Minnesota Habitat for Humanity is committed to addressing the issue of poverty housing within its community. Their mission is to ensure that decent, affordable housing becomes a matter of conscience, striving to eliminate such housing issues entirely. The organization achieves this by working with eligible low-income individuals to construct and sell newly built or renovated homes at affordable prices. In the current fiscal year, four homes have been sold through this process.
Official website here: www.cmhfh.org
Who is the CEO of Central Minnesota Habitat For Humanity?
Todd Zaun is the President of Central Minnesota Habitat For Humanity.
Official website here: www.cmhfh.org
What is the revenue of Central Minnesota Habitat For Humanity?
Central Minnesota Habitat For Humanity's revenue in 2023 was $1,817,470.
Official website here: www.cmhfh.org
Who are the executives of Central Minnesota Habitat For Humanity and what are their salaries?
The average compensation at Central Minnesota Habitat For Humanity during 2023 was $37,449. There are 13 employees and 356 volunteers at Central Minnesota Habitat For Humanity.
Here are 16 key members and their salaries:
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- Compensation: $71,750
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- Other: $1,435
Official website here: www.cmhfh.org
Where can I find the form 990 for Central Minnesota Habitat For Humanity?
Central Minnesota Habitat For Humanity's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cmhfh.org
Learn more at the official website: www.cmhfh.org
Mission Statement of Central Minnesota Habitat For Humanity
Central Minnesota Habitat for Humanity is committed to eradicating substandard housing and ensuring affordable homeownership for all individuals in poverty. This nonprofit organization, Central Minnesota Habitat, operates with a strong sense of moral obligation, aiming to provide decent, affordable shelters for everyone. The primary mission of Central Minnesota Habitat for Humanity is to work closely with eligible low-income families, assisting them in constructing new homes or renovating existing ones. Once completed, these homes are then sold to the clients at an affordable price, fostering a sense of self-sufficiency and pride among the homeowners. During the current fiscal year, Central Minnesota Habitat for Humanity successfully sold four homes, demonstrating its ongoing dedication to its mission.
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Impact
July, 2024
Central Minnesota Habitat For Humanity has a significant impact by gathering communities to transform lives through affordable homeownership. The organization works with qualified low-income clients to construct new and rehabilitated homes, selling these homes to the clients. In the current fiscal year, Central Minnesota Habitat For Humanity sold four homes, contributing to their mission of eliminating poverty housing in Central Minnesota and making decent, affordable shelter a matter of conscience.
This information is meant to be a general summary of Central Minnesota Habitat For Humanity. 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: $211,720
- Program Service Revenue: $970,792
- Gross Receipts: $2,095,332
Assets and Liabilities:
- Total Assets: $3,907,229
- Total Liabilities: $2,338,149
- Net Assets: $1,569,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$869,400
DISCOUNTS OF MORTGAGES
Revenue
$101,392
Organization Details
Founding Year
1988
Phone
(320) 656-8890Principal Officer
Todd Zaun
Main Address
3335 W ST GERMAIN ST 108, ST CLOUD, MN, 56301
Website
www.cmhfh.orgNTEE Category
Code: L20 - Housing
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