Overview
What is Rice County Habitat For Humanity?
Rice County Habitat for Humanity is a nonprofit organization situated in Northfield, Minnesota. With a commitment to assisting families in need, they specialize in constructing and selling homes to individuals living in poverty or in subpar living conditions. Their primary mission is to renovate and sell houses to low-income families, providing them with no-profit, affordable mortgage options. This dedicated organization, employing a staff of eight, works tirelessly to improve housing conditions in Rice County, Minnesota.
Official website here: www.habitatricecounty.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Rice County Habitat For Humanity has achieved a solid Three-Star rating on Charity Navigator, reflecting a commendable commitment to accountability and financial management. The charity’s overall score is driven entirely by its Accountability & Finance metrics, which stand at an impressive 87%. This indicates a reliable structure and dedication to maintaining transparency in its operations.
The organization demonstrates strong governance, with a fully independent board and effective policies in place, including conflict of interest and whistleblower protections. Additionally, it maintains a high program expense ratio of 95.63%, suggesting that the majority of its resources are directed toward its mission rather than administrative costs. The oversight mechanisms, such as an audit and oversight committee, further enhance its credibility.
However, the charity's liabilities to assets ratio of 61.35% suggests that it has a moderate level of financial leverage, which could be a point for potential donors to consider. Overall, Rice County Habitat For Humanity exhibits a commitment to ethical practices and efficient use of resources, making it a trustworthy option for supporters looking to contribute to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Rice County Habitat For Humanity legitimate?
Rice County Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rice County 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: $94,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,672
For more financial information, click here
Official website here: www.habitatricecounty.org/
What is the mission statement of Rice County Habitat For Humanity?
Rice County Habitat for Humanity's mission is centered around constructing and selling homes to families with low income, on a no-profit, affordable mortgage. This organization strives to provide housing solutions for families in need, helping them escape living conditions that are either impoverished or uninhabitable. By engaging in building and selling activities, Rice County Habitat for Humanity aims to contribute to improving the living standards of these families, thereby enhancing their overall quality of life.
Official website here: www.habitatricecounty.org/
Who is the CEO of Rice County Habitat For Humanity?
Dayna Norvold is the President of Rice County Habitat For Humanity.
Official website here: www.habitatricecounty.org/
What is the revenue of Rice County Habitat For Humanity?
Rice County Habitat For Humanity's revenue in 2022 was $1,976,982.
Official website here: www.habitatricecounty.org/
Who are the executives of Rice County Habitat For Humanity and what are their salaries?
The average compensation at Rice County Habitat For Humanity during 2022 was $36,370. There are 8 employees and 286 volunteers at Rice County Habitat For Humanity.
Here are 8 key members and their salaries:
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- Compensation: $82,562
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- Other: $3,475
Official website here: www.habitatricecounty.org/
Where can I find the form 990 for Rice County Habitat For Humanity?
Rice County Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatricecounty.org/
Learn more at the official website: www.habitatricecounty.org/
Mission Statement of Rice County Habitat For Humanity
Rice County Habitat for Humanity, a nonprofit organization, is dedicated to a mission that involves constructing, renovating, and selling homes to families with low incomes. Their primary objective is to offer these families affordable housing options through no-profit mortgages. By engaging in this activity, they aim to provide homes to families living in poverty or residing in uninhabitable conditions. This mission is carried out in Rice County, Minnesota, serving as a beacon of hope and stability for those in need.
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Impact
July, 2024
Rice County Habitat For Humanity's impact lies in its mission to build, renovate, and sell homes to low-income families on a no-profit, affordable mortgage basis in Rice County, MN. By providing housing opportunities to families in poverty or living in unlivable conditions, Rice County Habitat For Humanity contributes to improving the quality of life and stability for these individuals. Through its efforts, the organization helps address the pressing issue of affordable housing in the community and supports families in securing a safe and decent place to call home.
This information is meant to be a general summary of Rice County 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 2022.
- Investment Income: $73,907
- Program Service Revenue: $1,539,776
- Gross Receipts: $1,977,352
Assets and Liabilities:
- Total Assets: $2,379,786
- Total Liabilities: $1,060,808
- Net Assets: $1,318,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF HOMES AND LOTS
Revenue
$1,397,175
DISCOUNT ON AMORTIZATI
Revenue
$142,601
Organization Details
Founding Year
1991
Phone
(507) 838-6670Principal Officer
Dayna Norvold
Main Address
204 7TH ST W PMB 128, NORTHFIELD, MN, 55057
Website
www.habitatricecounty.org/NTEE Category
Code: L20 - Housing
If you are a representative of Rice County 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.