Overview
What is Habitat For Humanity International Inc?
Habitat for Humanity International Inc, with its base in Indianola, Iowa, is a nonprofit organization that primarily relies on volunteer labor and financial contributions from individuals and corporations to construct affordable homes. Partner families contribute significant time and effort, referred to as "sweat equity," in building their own homes and those of others. The mortgage payments made by these families are channeled into a revolving fund, which is utilized to construct more homes. Warren County Habitat for Humanity, a branch of this international organization, operates in partnership with individuals in need, providing them with decent, affordable housing at no profit and without any interest charges. This community-driven initiative promotes a sense of community involvement and empowerment.
Official website here: www.wchfh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star Rating
Habitat For Humanity International Inc has received a low score of 56%, translating to a One-Star rating, indicating significant concerns regarding its accountability and financial practices. The charity demonstrates a strong program expense ratio of 100%, meaning all expenditures are directed toward its mission. However, the organization lacks independent board members and has a missing conflict of interest policy, which raises questions about governance and oversight.
The absence of several key policies, including whistleblower and document retention policies, further contributes to the organization's low ratings. These factors suggest potential vulnerabilities in transparency and ethical management, which are critical for maintaining donor trust and effective governance. While the charity is managing its financial assets prudently with a low liabilities-to-assets ratio, the overall governance structure needs improvement.
In summary, while Habitat For Humanity International Inc effectively uses its resources for its mission, the lack of independent oversight and missing governance policies are significant drawbacks that potential donors should consider. Improving these areas could enhance the organization’s credibility and overall effectiveness in serving its communities.
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: $10,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wchfh.org
What is the mission statement of Habitat For Humanity International Inc?
Habitat for Humanity International Inc is a nonprofit, ecumenical Christian organization dedicated to addressing the housing needs of individuals in need. They work in partnership with these individuals, leveraging volunteer labor and donations to build decent, affordable homes. The houses are then sold at no profit and with no interest charged to the recipients. This model encourages the partner families to invest their time and effort, known as "sweat equity," into building their homes and the homes of others. The proceeds from the mortgage payments form a revolving fund, which is used to construct more homes. Habitat for Humanity International Inc's philosophy is centered around working with, not for, their partner families during the process of planning, building, and settling into their new homes.
Official website here: www.wchfh.org
Who is the CEO of Habitat For Humanity International Inc?
Michael Tjelmeland is the Executive Director of Habitat For Humanity International Inc.
Official website here: www.wchfh.org
What is the revenue of Habitat For Humanity International Inc?
Habitat For Humanity International Inc's revenue in 2023 was $60,057.
Official website here: www.wchfh.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 2023 was $10,500. There is 1 employee and 50 volunteers at Habitat For Humanity International Inc.
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Official website here: www.wchfh.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 2023 and can be accessed here.
Official website here: www.wchfh.org
Learn more at the official website: www.wchfh.org
Mission Statement of Habitat For Humanity International Inc
Habitat for Humanity International Inc, a nonprofit and ecumenical Christian housing organization, collaborates with individuals in need to construct decent and affordable housing. The organization operates on the principle of partnership, working alongside those in need to build homes that are subsequently sold at no profit and without any interest charges. The beneficiaries of these homes are required to contribute 'sweat equity' in the form of hundreds of hours of labor, investing in both the construction of their own homes and those of their neighbors. This mutual investment ensures that the mortgage payments made by the homeowners contribute to a revolving fund, which is then utilized to construct additional Habitat houses. Habitat for Humanity International Inc also assigns a Sponsor/Advocate/Friend (SAF) to each partner family, providing guidance and support throughout the process of planning, building, and settling into their new homes. The organization's philosophy emphasizes working with its partners, rather than for them.
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Impact
August, 2024
Habitat For Humanity International Inc's impact is significant in providing decent, affordable housing to people in need. The organization works in partnership with individuals and families to build homes that are sold at no profit and with no interest charged. Through the support of volunteers, donors, and partner families who contribute their own "sweat equity," Habitat For Humanity is able to create a sustainable cycle of housing opportunities. The organization's philosophy of working with, not for, its partners ensures that those in need are actively involved in the process of planning, building, and settling into their new homes. Through this model, Habitat For Humanity continues to make a meaningful difference in communities across the globe.
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 2023.
- Investment Income: $3,080
- Gross Receipts: $60,057
Assets and Liabilities:
- Total Assets: $973,481
- Total Liabilities: $8,311
- Net Assets: $965,170
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Organization Details
Founding Year
1998
Phone
(515) 961-0499Principal Officer
Michael Tjelmeland
Main Address
PO Box 844, Indianola, IA, 50125
Website
www.wchfh.orgNTEE Category
Code: L20 - Housing
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