Overview
What is Habitat For Humanity Inc Of The New River Valley?
Habitat for Humanity Inc of the New River Valley is a dedicated nonprofit organization situated in Christiansburg, Virginia. With a mission deeply rooted in providing affordable housing, they serve qualifying low-income families struggling with inadequate housing. This community-focused organization not only constructs homes but also offers zero-interest financing for many of the homes it sells, making homeownership more accessible. The nonprofit, with a team of 29 individuals, is an independent affiliate of Habitat for Humanity International, contributing to the global mission of creating a world where everyone has a decent place to live.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Habitat For Humanity Inc Of The New River Valley has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 87% overall, with its rating derived entirely from its accountability and finance metrics. This rating is particularly significant as it indicates that the nonprofit adheres to established standards of transparency and effective financial management.
The organization demonstrates several strengths, including having a fully independent board of directors, with 100% of members being independent. Additionally, it has established robust financial oversight mechanisms, evidenced by a solid audit and oversight committee, and it maintains a healthy balance between its liabilities and assets. The program expense ratio is notable, with over 85% of its expenditures directed towards programs, highlighting its commitment to fulfilling its mission.
While the organization has performed well in key areas, it is essential to continue monitoring for potential improvements in areas that may not be as transparent or that may benefit from enhanced stakeholder engagement. Overall, the financial health and governance structure of Habitat For Humanity Inc Of The New River Valley suggest it is a responsible choice for donors seeking to support effective nonprofit initiatives in their community.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Inc Of The New River Valley legitimate?
Habitat For Humanity Inc Of The New River Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Inc Of The New River Valley 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $459,809
For more financial information, click here
What is the mission statement of Habitat For Humanity Inc Of The New River Valley?
Habitat For Humanity Inc Of The New River Valley, as an independent affiliate of Habitat for Humanity International, is committed to providing affordable housing solutions for low-income families who are currently inadequately housed. The organization's mission is to construct and sell homes at affordable prices, often offering zero-interest financing to eligible families. By doing so, Habitat For Humanity Inc Of The New River Valley aims to contribute to the betterment of communities by ensuring that everyone has access to a decent place to live. The organization's work aligns with Habitat for Humanity International's broader mission of eliminating substandard housing worldwide.
Who is the CEO of Habitat For Humanity Inc Of The New River Valley?
Kate Means is the Chair of Habitat For Humanity Inc Of The New River Valley.
What is the revenue of Habitat For Humanity Inc Of The New River Valley?
Habitat For Humanity Inc Of The New River Valley's revenue in 2022 was $1,356,786.
Who are the executives of Habitat For Humanity Inc Of The New River Valley and what are their salaries?
The average compensation at Habitat For Humanity Inc Of The New River Valley during 2022 was $18,787. There are 29 employees and 150 volunteers at Habitat For Humanity Inc Of The New River Valley.
Here are 17 key members and their salaries:
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Where can I find the form 990 for Habitat For Humanity Inc Of The New River Valley?
Habitat For Humanity Inc Of The New River Valley's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Habitat For Humanity Inc Of The New River Valley
Habitat for Humanity of the New River Valley, as an independent affiliate of Habitat for Humanity International, is dedicated to providing affordable housing solutions for qualifying low-income families who are currently struggling with inadequate housing. This nonprofit organization's mission is to construct homes and offer zero-interest financing for many of the properties it sells, thereby enabling these families to secure a more stable living environment. By focusing on affordable housing, Habitat for Humanity of the New River Valley aims to contribute to the well-being and improved quality of life for those who are in need.
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Impact
July, 2024
Habitat for Humanity Inc Of The New River Valley has a significant impact on the local community by providing affordable housing solutions to low-income families in need. Through their efforts, the organization helps to address the issue of inadequate housing by building and selling homes to those who qualify for their programs. Additionally, their provision of zero-interest financing options further supports their mission of making homeownership accessible to those who may not have had the opportunity otherwise. Overall, Habitat for Humanity Inc Of The New River Valley's work positively influences the lives of individuals and families in CHRISTIANSBURG, VA, by offering them stable and affordable housing options.
This information is meant to be a general summary of Habitat For Humanity Inc Of The New River Valley. 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: $391
- Program Service Revenue: $238,705
- Gross Receipts: $1,392,790
Assets and Liabilities:
- Total Assets: $2,363,960
- Total Liabilities: $233,511
- Net Assets: $2,130,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of houses
Revenue
$193,166
Community Construction
Revenue
$45,539
Organization Details
Founding Year
1987
Principal Officer
Kate Means
Main Address
1675 North Franklin Street, Christiansburg, VA, 24073
NTEE Category
Code: L20 - Housing
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