Overview
What is Central Delaware Habitat For Humanityinc?
Central Delaware Habitat for Humanityinc, located in Dover, Delaware, is a nonprofit organization committed to putting God's love into action. Their mission is to bring people together to construct affordable homes, communities, and hope for low-income families. In 2022, three families achieved homeownership through their program, with four more in the process at year's end. This was accomplished in collaboration with the future homeowners, who contributed sweat equity hours, as well as with the Kent County community, which provided volunteer labor and financial support. CDHFH's approach is considered a "hand up, not a handout," with homes sold to selected families at cost with a zero-percent interest mortgage. Mortgage payments are then returned to CDHFH to support future housing projects. Their work is extensive, aiming to provide affordable housing and improve local communities.
Official website here: www.centraldelawarehabitat.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
Central Delaware Habitat For Humanity has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored a perfect 100% in various key areas, such as the independence of its board members and the oversight of financial statements, showcasing a commitment to transparency and governance.
Strengths include a high program expense ratio of 86.15%, indicating that a significant portion of funds is directed towards its mission, and a low fundraising efficiency ratio of $0.15, suggesting effective cost management in raising funds. Additionally, the organization has a robust working capital ratio of 4.05 years, which signals financial stability.
While the data highlights many strengths, there are no noted limitations or concerns in the available feedback. The overall assessment paints a picture of a well-managed organization that prioritizes its mission and maintains strong financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Central Delaware Habitat For Humanityinc legitimate?
Central Delaware Habitat For Humanityinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Delaware Habitat For Humanityinc 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: $826,313
For more financial information, click here
Official website here: www.centraldelawarehabitat.org
What is the mission statement of Central Delaware Habitat For Humanityinc?
Central Delaware Habitat for Humanity's mission is centered around putting God's love into action. They bring people together to construct affordable homes and communities, ultimately providing hope. In 2022, three low-income families became homeowners through their program, with four more in the process. This initiative is a collaborative effort, involving the future homeowners earning their sweat equity hours, as well as local community volunteers and financial support. The organization operates under the belief of offering a 'hand up, not a hand out'. Homes are sold to the selected families at cost with a zero-percent interest mortgage, with mortgage payments subsequently returned to CDHFH to fund future housing projects.
Official website here: www.centraldelawarehabitat.org
Who is the CEO of Central Delaware Habitat For Humanityinc?
Donna Kiscaden is the President of Central Delaware Habitat For Humanityinc.
Official website here: www.centraldelawarehabitat.org
What is the revenue of Central Delaware Habitat For Humanityinc?
Central Delaware Habitat For Humanityinc's revenue in 2022 was $2,244,682.
Official website here: www.centraldelawarehabitat.org
Who are the executives of Central Delaware Habitat For Humanityinc and what are their salaries?
The average compensation at Central Delaware Habitat For Humanityinc during 2022 was $24,303. There are 34 employees and 263 volunteers at Central Delaware Habitat For Humanityinc.
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Official website here: www.centraldelawarehabitat.org
Where can I find the form 990 for Central Delaware Habitat For Humanityinc?
Central Delaware Habitat For Humanityinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centraldelawarehabitat.org
Learn more at the official website: www.centraldelawarehabitat.org
Mission Statement of Central Delaware Habitat For Humanityinc
Central Delaware Habitat for Humanity, Inc., a nonprofit organization, is dedicated to putting God's love into action. They bring together individuals to construct affordable homes, communities, and offer hope to those in need. The mission of Central Delaware Habitat for Humanity, Inc. involves bringing people together, fostering a sense of community, and providing a hand up to low-income families. In 2022, three families achieved homeownership through the organization's housing program, with four more families in the process at year's end. These homes were built in collaboration with the future homeowners, who contributed their sweat equity hours. However, the project was not a solo endeavor; it also relied on the volunteer labor and financial support of the Kent County community.
The homes constructed by Central Delaware Habitat for Humanity, Inc. are sold to the selected families at cost, with a zero percent interest mortgage. This unique approach allows mortgage payments to be channeled back into the organization, funding the construction of future homes. By providing affordable housing, Central Delaware Habitat for Humanity, Inc. empowers families to build a better future for themselves, reinvesting in their community and fostering a sense of hope and unity. The organization's mission is a testament to its commitment to helping families in need and promoting sustainable community development.
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Impact
July, 2024
Central Delaware Habitat For Humanityinc's impact can be seen in the three low-income families who achieved homeownership in 2022 through the organization's housing program. Additionally, four more families were in the process of becoming homeowners by the end of the year. These homes were built in partnership with the future homeowners, who earned their sweat equity hours, as well as with the Kent County community that provided volunteer labor and financial support. Central Delaware Habitat For Humanityinc's program is designed as "a hand up, not a handout," offering affordable homes to families through a zero percent interest mortgage. By providing affordable housing opportunities, CDHFH is not only transforming the lives of individual families but also contributing to the overall well-being of the community in Dover, DE.
This information is meant to be a general summary of Central Delaware Habitat For Humanityinc. 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: -$2,739
- Program Service Revenue: $1,186,812
- Gross Receipts: $2,324,869
Assets and Liabilities:
- Total Assets: $9,501,702
- Total Liabilities: $1,445,562
- Net Assets: $8,056,140
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$607,094
SALE OF HOUSES
Revenue
$577,993
FAMILY SERVICES
Revenue
$1,725
Organization Details
Founding Year
1990
Phone
(302) 526-2366Principal Officer
Donna Kiscaden
Main Address
2311 S DUPONT HIGHWAY, DOVER, DE, 19901
NTEE Category
Code: L20 - Housing
If you are a representative of Central Delaware Habitat For Humanityinc 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.