Overview
What is Northwoods Habitat For Humanity Inc?
Northwoods Habitat for Humanity Inc., located in Bemidji, Minnesota, is a dedicated nonprofit organization with a mission to provide low-income families with decent, affordable housing. They achieve this by building and renovating homes, utilizing volunteer labor, donated materials, and contributed funds. Once completed, the homes are sold with a zero-interest loan to pre-qualified, lower-income families who demonstrate a need, ability to repay, and a willingness to partner. Additionally, the organization contributes a portion of its general donations to Habitat for Humanity International for international housing projects. With a team of ten employees, Northwoods Habitat for Humanity Inc. is committed to enhancing the living conditions of local families in need.
Official website here: www.habitatbemidji.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Northwoods Habitat For Humanity Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to high standards in accountability and finance. The organization scored 100% in all assessed areas, underscoring its financial health and operational transparency. The evaluation is based primarily on the organization’s accountability measures, with no material diversions of assets noted, which enhances its credibility.
The nonprofit boasts a strong governance structure, with an entirely independent board of directors, demonstrating a commitment to ethical oversight. The board's size is adequate, and the organization has robust policies in place regarding conflict of interest and whistleblowing, further contributing to its accountability. Additionally, the organization is diligent in its documentation processes, ensuring that board meeting minutes and financial statements are readily accessible.
While the organization shows excellent program expense ratios, indicating that a significant portion of its funds directly supports its mission, it is important for prospective donors to consider ongoing operational needs and the sustainability of such high-performance levels. Overall, Northwoods Habitat For Humanity Inc stands out as a model for effective nonprofit governance and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Northwoods Habitat For Humanity Inc legitimate?
Northwoods Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwoods 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: $79,399
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,901
For more financial information, click here
Official website here: www.habitatbemidji.org
What is the mission statement of Northwoods Habitat For Humanity Inc?
Northwoods Habitat for Humanity Inc's mission is centered around providing decent and affordable housing for low-income families. The organization achieves this through its primary program, which involves building and renovating homes using volunteer labor, donated materials, and contributed funds. These homes are then sold to pre-qualified, lower-income families with a zero-interest loan. The homebuyers are selected based on their need, ability to repay the Habitat mortgage, and willingness to partner. Moreover, Northwoods Habitat for Humanity contributes a portion of its general donations to Habitat for Humanity International for use in building homes outside the United States, furthering its commitment to affordable housing globally.
Official website here: www.habitatbemidji.org
Who is the CEO of Northwoods Habitat For Humanity Inc?
Victor Mosser is the President of Northwoods Habitat For Humanity Inc.
Official website here: www.habitatbemidji.org
What is the revenue of Northwoods Habitat For Humanity Inc?
Northwoods Habitat For Humanity Inc's revenue in 2022 was $641,326.
Official website here: www.habitatbemidji.org
Who are the executives of Northwoods Habitat For Humanity Inc and what are their salaries?
The average compensation at Northwoods Habitat For Humanity Inc during 2022 was $16,030. There are 10 employees and 430 volunteers at Northwoods Habitat For Humanity Inc.
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- Compensation: $68,608
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- Other: $9,546
Official website here: www.habitatbemidji.org
Where can I find the form 990 for Northwoods Habitat For Humanity Inc?
Northwoods Habitat For Humanity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatbemidji.org
Learn more at the official website: www.habitatbemidji.org
Mission Statement of Northwoods Habitat For Humanity Inc
Northwoods Habitat for Humanity Inc is committed to a mission that aims to provide low-income families with decent and affordable housing. This organization operates with the primary goal of constructing and renovating homes using volunteer labor, donated materials, and contributed funds. Once completed, these homes are then sold to pre-qualified, lower-income families with a zero-interest loan. The selection process for homebuyers is based on their need, their ability to repay the Habitat mortgage, and their willingness to partner in the process. Furthermore, Northwoods Habitat for Humanity Inc contributes a portion of its general donations to Habitat for Humanity International for the purpose of building homes outside the United States. In essence, this nonprofit organization is dedicated to making a significant impact on the housing needs of low-income families, both locally and internationally.
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Impact
July, 2024
Northwoods Habitat For Humanity Inc provides low-income families with decent, affordable housing through the construction and renovation of homes using volunteer labor, donated materials, and contributed funds. The organization then sells these homes to pre-qualified, lower-income families with zero-interest loans. Homebuyers are selected based on need, ability to repay the mortgage, and willingness to partner. Additionally, the organization tithes a portion of its general donations to Habitat for Humanity International for use in building homes outside the United States. Their impact is felt directly in the community of Bemidji, MN, where they are working to address the critical need for affordable housing and improve the lives of families in need.
This information is meant to be a general summary of Northwoods 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 2022.
- Investment Income: $2,122
- Program Service Revenue: $405,505
- Gross Receipts: $668,648
Assets and Liabilities:
- Total Assets: $2,423,039
- Total Liabilities: $104,336
- Net Assets: $2,318,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NEW HOME CONSTRUCTION
Revenue
$257,580
MORTGAGE DISCOUNT AMOR
Revenue
$147,925
Organization Details
Founding Year
1990
Phone
(218) 751-4649Principal Officer
Victor Mosser
Main Address
PO BOX 1067, BEMIDJI, MN, 56619
Website
www.habitatbemidji.orgNTEE Category
Code: L20 - Housing
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