Overview
What is Lake Agassiz Habitat For Humanity?
Lake Agassiz Habitat for Humanity is a nonprofit organization, rooted in Moorhead, Minnesota, dedicated to fulfilling a noble mission. Their primary objective is to offer simple, affordable housing solutions to individuals in need, primarily through constructing various housing units. These units are sold to eligible individuals at no profit, with no-interest mortgages. In the fiscal year ending June 30, 2022, they served 7 individuals, inclusive of 2 families, and 2.2 additional families through their international tithe. Their mission is to embodied God's love by fostering unity and building homes, communities, and hope. They generate income from mortgage payments, enabling them to continue their mission. In 2022, they repurchased a home and provided a one-time grant to a homeowner, but they have decided not to continue this program in the future. The organization is managed by a team of 18 individuals.
Official website here: www.lakeagassizhabitat.org
Is Lake Agassiz Habitat For Humanity legitimate?
Lake Agassiz Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Agassiz 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.
Here are some key statistics you may want to consider:
Executive Compensation: $113,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $326,952
For more financial information, click here
What is the mission statement of Lake Agassiz Habitat For Humanity?
Lake Agassiz Habitat For Humanity's mission is centered around embodying God's love by fostering unity among individuals to construct homes, communities, and a sense of hope. This organization strives to provide affordable housing solutions to those in need, selling homes at no profit with zero-interest mortgages to eligible families. The mission is further realized through the construction of various housing units, with the number of families served annually reaching two, serving seven individuals in the recent fiscal year. The organization's income from mortgage payments supports its mission and enables it to continue its work. Additionally, Lake Agassiz Habitat may offer one-time financial assistance to homeowners in unique situations, although this program is not a permanent fixture.
Official website here: www.lakeagassizhabitat.org
Who is the CEO of Lake Agassiz Habitat For Humanity?
Jim Nelson is the President of Lake Agassiz Habitat For Humanity.
Official website here: www.lakeagassizhabitat.org
What is the revenue of Lake Agassiz Habitat For Humanity?
Lake Agassiz Habitat For Humanity's revenue in 2022 was $1,948,382.
Official website here: www.lakeagassizhabitat.org
Who are the executives of Lake Agassiz Habitat For Humanity and what are their salaries?
The average compensation at Lake Agassiz Habitat For Humanity during 2022 was $24,465. There are 18 employees and 870 volunteers at Lake Agassiz Habitat For Humanity.
Here are 17 key members and their salaries:
- Jim Nelson (Executive Director)
- Linda Klebe (President) [Trustee/Director]
- David Slotten (Past President) [Trustee/Director]
- Kaylin Frappier (Vice President) [Trustee/Director]
- Becki Johnson (At Large Member, Director)
- Kyla Dubord (Secretary/Director)
- Kelly Hagel (Treasurer/Director)
- Dave Roeder (Director)
- Kyle Daily (Director)
- Melissa Kubasta (Director)
- Elizabeth Hiller (Director)
- Nick Hamilton (Director)
- Marcus Roman (Director)
- Peyton Mastera (Director)
- Mary Suomala Folkerds (Director)
- Craig Cambell (Director (As Of Nov 21))
- Dan Eggiman (Director)
Official website here: www.lakeagassizhabitat.org
Where can I find the form 990 for Lake Agassiz Habitat For Humanity?
The Lake Agassiz Habitat For Humanity’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lakeagassizhabitat.org
Learn more at the official website: www.lakeagassizhabitat.org
Mission Statement of Lake Agassiz Habitat For Humanity
Lake Agassiz Habitat for Humanity is an organization that embodies compassion by actively engaging individuals to construct homes, communities, and a sense of hope. Their primary mission, as stated, is to extend God's love by aiding those in need of affordable housing. Through the construction and sale of housing units, they offer simple, decent dwellings to eligible families, charging them no profit and providing zero-interest mortgages. During the fiscal year ending June 30, 2022, Lake Agassiz Habitat served seven individuals, including two adults and five children, through two home closings.
In addition to their housing endeavors, Lake Agassiz Habitat also demonstrates their commitment to supporting their families beyond the initial home purchase. The mortgage income derived from current mortgage payments continues to fund future housing projects, with the majority of payments being utilized for 30-year mortgage terms. Notably, during the fiscal year 2022, the sale of a home by a homeowner contributed an additional portion to their funds.
In the event of unforeseen circumstances, Lake Agassiz Habitat also extends assistance to previous homeowners, as demonstrated by their repurchase of a home and monetary hardship grant in a unique situation in 2022. However, due to the unique and one-time nature of this grant, it was determined that this program would not be continued into the future. Lake Agassiz Habitat for Humanity's mission is therefore centered on providing affordable housing and supporting their partner families, fostering a sense of community and hope through their actions.
Impact
This information is meant to be a general summary of Lake Agassiz Habitat For Humanity. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Lake Agassiz Habitat For Humanity has made a significant impact by providing simple, decent, and affordable housing to those in need. In the fiscal year ending June 30, 2022, they served 2 home closings, benefiting 7 individuals, including 2 adults and 5 children. Additionally, their international tithe served 2.2 families during that year. The organization sells houses to selected Partner Families at no profit with a zero-interest mortgage, generating mortgage income of $163,506 from current payments. This income enables Lake Agassiz Habitat to continue fulfilling its mission of building homes and communities. The impact extends beyond the fiscal year, as regular mortgage payments by Partner Families will fund future house builds over their 30-year mortgage terms. Furthermore, the organization's decision to repurchase a home and provide monetary hardship grant assistance in a unique situation showcases their commitment to helping families in need.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Transfers to Owners
Revenue
$199,624
Mortgage Discount Amor
Revenue
$159,925
Organization Details
Founding Year
1991
Phone
(218) 512-2535
Principal Officer
Jim Nelson
Main Address
PO Box 1022, Moorhead, MN, 565611022
Website
www.lakeagassizhabitat.org
NTEE Category
Code: L20 - Housing
If you are a representative of Lake Agassiz Habitat For Humanity 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.