Overview
What is Habitat For Humanity International Inc?
Habitat for Humanity International Inc, situated in Virginia, Minnesota, is a dedicated nonprofit organization with a mission to address the need for affordable housing. They construct and sell homes to low-income families who meet specific criteria, actively contributing to their community by providing modest yet adequate living spaces. Furthermore, the organization serves to raise awareness regarding the necessity of such housing solutions, engaging the local community in their efforts. Habitat for Humanity International Inc's work is centered around building and selling affordable homes, thereby promoting social equality and improved living conditions for its beneficiaries.
Official website here: www.nslchfh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Habitat For Humanity International Inc has achieved a remarkable score of 96%, which underscores its strong commitment to accountability and financial health. The charity's overall rating is derived from a comprehensive analysis of its fiscal management, with particular emphasis placed on accountability and finance practices. A Four-Star rating indicates that it excels in transparency and governance, making it a trusted organization for potential donors.
The nonprofit boasts a fully independent board of directors, which enhances its accountability, scoring a perfect 8 out of 8 points in this area. Additionally, it has demonstrated robust oversight through an Audit and Oversight Committee, achieving full marks for its financial statements. Its financial ratios, including a low liabilities-to-assets ratio and a high program expense ratio of 87.90%, reflect an effective allocation of funds towards its mission, ensuring that a significant majority of resources are directed towards programs rather than administrative costs.
While the data highlights numerous strengths, there are no specific limitations or concerns noted in the available feedback. The organization’s strong performance across various indicators suggests it operates with high integrity and efficiency, making a substantial impact in the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity International Inc legitimate?
Habitat For Humanity International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity International 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: $97,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,153
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Official website here: www.nslchfh.org
What is the mission statement of Habitat For Humanity International Inc?
Habitat for Humanity International, in its mission, focuses on constructing affordable homes for qualified families. The organization strives to increase community awareness about the importance of decent housing for all. Beyond building homes, Habitat for Humanity sells these units to low-income individuals who meet specific criteria, aiming to provide them with modest but adequate living spaces. The organization is committed to this cause, contributing to a more equitable housing situation for those in need.
Official website here: www.nslchfh.org
What is the revenue of Habitat For Humanity International Inc?
Habitat For Humanity International Inc's revenue in 2024 was $1,017,505.
Official website here: www.nslchfh.org
Who are the executives of Habitat For Humanity International Inc and what are their salaries?
The average compensation at Habitat For Humanity International Inc during 2024 was $52,628. There are 6 employees and 1571 volunteers at Habitat For Humanity International Inc.
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- Compensation: $97,999
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- Other: $7,583
Official website here: www.nslchfh.org
Where can I find the form 990 for Habitat For Humanity International Inc?
Habitat For Humanity International Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nslchfh.org
Learn more at the official website: www.nslchfh.org
Mission Statement of Habitat For Humanity International Inc
Habitat for Humanity International, a renowned nonprofit organization, is dedicated to constructing affordable homes for qualified families. Its mission revolves around addressing the need for modest yet adequate housing within communities. This organization goes beyond just building homes; it raises awareness among the public about this essential need. Moreover, Habitat for Humanity sells these housing units to low-income individuals who meet specific criteria, thereby providing an affordable housing solution for those in need. The organization's work is not limited to building homes; it also constructs a sense of community and hope for families in need.
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Impact
July, 2024
Habitat For Humanity International Inc's impact can be seen through its tireless efforts to build affordable homes for qualified families, raising community awareness of the need for modest but adequate housing, and constructing housing units for sale to low-income individuals who meet established criteria. By providing stable and secure housing options, Habitat for Humanity positively impacts individuals and families, helping to break the cycle of poverty and improve overall quality of life. Through its work, Habitat For Humanity International Inc makes a tangible difference in communities, promoting stability, empowerment, and opportunity for those in need.
This information is meant to be a general summary of Habitat For Humanity International 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 2024.
- Investment Income: $481
- Program Service Revenue: $664,877
- Gross Receipts: $1,017,505
Assets and Liabilities:
- Total Assets: $3,610,845
- Total Liabilities: $1,878,324
- Net Assets: $1,732,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF HOMES
Revenue
$338,906
MORTGAGE DISCOUNTS REALIZED
Revenue
$213,391
LOAN DISCOUNT AMORTIZATION
Revenue
$74,214
GAIN ON FORECLOSURE
Revenue
$38,366
Organization Details
Founding Year
1995
Principal Officer
Nathan Thompson
Website
www.nslchfh.orgNTEE Category
Code: L20 - Housing
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