Overview
What is Fergus Falls Area Habitat For Humanity?
Fergus Falls Area Habitat for Humanity is a faith-based, nonprofit organization situated in Fergus Falls, Minnesota. Their primary mission is to construct and finance affordable homes, which they then sell to families with low income. This year, they completed two new homes in Fergus Falls and closed on one of them in December 2022. Beyond building homes, they also advocate for affordable housing on both local and state levels. With a team of five dedicated individuals, this organization plays a significant role in providing housing solutions for the community.
Official website here: www.ffhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Fergus Falls Area Habitat For Humanity has earned an impressive Four-Star rating from Charity Navigator, with a perfect score of 100% in Accountability & Finance. This rating is based on their strong financial practices and governance, highlighting the charity's commitment to transparency and responsible management of resources. The majority of the board members are independent, which strengthens the organization's oversight and decision-making processes.
The nonprofit's financial health is demonstrated by a program expense ratio of 83.02%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has a low liabilities to assets ratio of 12.19%, showcasing its strong financial stability. Policies for conflict of interest, whistleblower protections, and document retention are all in place, further supporting their accountability to stakeholders.
While the data indicates robust financial and operational practices, potential supporters should consider how the organization communicates its mission and impact to the community. Overall, Fergus Falls Area Habitat For Humanity appears to be a well-managed organization focused on its goal of providing housing solutions in the Fergus Falls area.
This AI summary has been generated from information found on Charity Navigator.
Is Fergus Falls Area Habitat For Humanity legitimate?
Fergus Falls Area Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fergus Falls Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $206,558
For more financial information, click here
Official website here: www.ffhabitat.org
What is the mission statement of Fergus Falls Area Habitat For Humanity?
Fergus Falls Area Habitat for Humanity is a faith-based nonprofit organization that focuses on building and financing affordable homes. Their mission is to provide these homes to low-income families, serving as a vital solution to housing affordability issues. Beyond construction, the organization also advocates for affordable housing on both local and state levels. This year, they completed two new housing projects in Fergus Falls and finalized the sale of one of them in December 2022.
Official website here: www.ffhabitat.org
Who is the CEO of Fergus Falls Area Habitat For Humanity?
Stanley Carignan is the Director of Fergus Falls Area Habitat For Humanity.
Official website here: www.ffhabitat.org
What is the revenue of Fergus Falls Area Habitat For Humanity?
Fergus Falls Area Habitat For Humanity's revenue in 2023 was $536,621.
Official website here: www.ffhabitat.org
Who are the executives of Fergus Falls Area Habitat For Humanity and what are their salaries?
The average compensation at Fergus Falls Area Habitat For Humanity during 2023 was $41,312. There are 5 employees and 324 volunteers at Fergus Falls Area Habitat For Humanity.
Here are 10 key members and their salaries:
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- Compensation: $50,938
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Official website here: www.ffhabitat.org
Where can I find the form 990 for Fergus Falls Area Habitat For Humanity?
Fergus Falls Area Habitat For Humanity's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ffhabitat.org
Learn more at the official website: www.ffhabitat.org
Mission Statement of Fergus Falls Area Habitat For Humanity
Fergus Falls Area Habitat for Humanity is a faith-based nonprofit organization dedicated to addressing the issue of affordable housing. Their mission revolves around constructing and financing reasonably priced homes, which they then sell to families with low income. This nonprofit organization operates on a mission to contribute to the community by providing affordable housing solutions, thereby enhancing the living standards of families in need. In addition to building homes, Fergus Falls Area Habitat for Humanity also advocates for affordable housing on both local and state levels. During the current fiscal year, the organization completed two new construction homes in Fergus Falls, with one of them being sold in December 2022.
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Impact
July, 2024
Fergus Falls Area Habitat For Humanity's impact can be seen in the tangible difference they make in the community by building and financing affordable homes for low-income families. They are dedicated to advocating for affordable housing at local and state levels, ensuring that more families have access to safe and stable housing. In the past fiscal year, they successfully completed two new construction homes in Fergus Falls, with one family already moving in by December 2022. Their work not only provides homes for those in need but also fosters a sense of community and belonging for families in the area.
This information is meant to be a general summary of Fergus Falls Area 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: $190
- Program Service Revenue: $309,026
- Gross Receipts: $536,621
Assets and Liabilities:
- Total Assets: $805,065
- Total Liabilities: $98,198
- Net Assets: $706,867
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF HOME
Revenue
$236,500
MORTGAGE DISCOUNT - RETIRED L
Revenue
$49,122
MORTGAGE DISC-AMORITZATION
Revenue
$23,404
Organization Details
Founding Year
1990
Phone
(218) 736-2905Principal Officer
Stanley Carignan
Main Address
PO BOX 434, FERGUS FALLS, MN, 56538
Website
www.ffhabitat.orgIf you are a representative of Fergus Falls Area 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.