Overview
What is Loudoun Habitat For Humanity?
Loudoun Habitat for Humanity is a dedicated nonprofit organization situated in Leesburg, Virginia. Their primary mission is to foster strength, stability, and self-reliance within their community through homeownership, home repairs, and educational programs. To achieve this, they offer affordable homes to lower-income families residing in Loudoun County, conduct home repairs for existing homeowners, and provide financial education. Furthermore, their Restore center keeps a significant amount of donated goods out of landfills, serving as an affordable shopping destination for the community. The organization's advocacy work extends to collaborating with other Habitats to secure additional funding for homeownership programs across the state. Lastly, the Tools for Life Learning Center offers a variety of online workshops on topics like money management, home maintenance, and community building, all available for free.
Official website here: www.loudounhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Loudoun Habitat For Humanity has been awarded a Four-Star rating by Charity Navigator, which indicates a strong performance in accountability and finance. This high score reflects the organization’s commitment to transparency and good governance, with all board members being independent and a robust oversight committee in place. The effective management of financial resources is evident, as the program expense ratio stands at an impressive 88.66%, suggesting that a significant majority of funds are utilized directly for programmatic activities.
The organization has demonstrated excellent practices by having no material diversion of assets and maintaining strong financial health with a liabilities to assets ratio of just 19.89%. Furthermore, they have established clear policies for conflict of interest and document retention, indicating a serious approach to ethical governance. However, it is noted that their whistleblower policy is missing, which could be an area for improvement in their governance framework.
Overall, Loudoun Habitat For Humanity appears to be a well-managed organization dedicated to its mission with commendable fiscal practices. Their high accountability score sets a positive example for other nonprofits, although addressing the missing whistleblower policy could enhance their governance further.
This AI summary has been generated from information found on Charity Navigator.
Is Loudoun Habitat For Humanity legitimate?
Loudoun Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loudoun 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: $89,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,747
For more financial information, click here
Official website here: www.loudounhabitat.org
What is the mission statement of Loudoun Habitat For Humanity?
Loudoun Habitat for Humanity's mission is focused on fostering strength, stability, and self-reliance within the community by offering homeownership opportunities for lower-income families, conducting home repairs for existing lower-income homeowners, providing financial education, operating a home improvement store called RESTORE, and advocating for housing-related issues at the federal, state, and local levels. Through these initiatives, Loudoun Habitat for Humanity aims to bring people together to build homes, strengthen communities, and instill hope.
Official website here: www.loudounhabitat.org
Who is the CEO of Loudoun Habitat For Humanity?
Therese Cashen is the Chair of Loudoun Habitat For Humanity. The CEO's salary of Loudoun Habitat For Humanity is $88,871 and their total compensation is $96,637.
Official website here: www.loudounhabitat.org
What is the revenue of Loudoun Habitat For Humanity?
Loudoun Habitat For Humanity's revenue in 2022 was $1,840,715.
Official website here: www.loudounhabitat.org
Who are the executives of Loudoun Habitat For Humanity and what are their salaries?
The average compensation at Loudoun Habitat For Humanity during 2022 was $19,790. There are 25 employees and 174 volunteers at Loudoun Habitat For Humanity.
Here are 15 key members and their salaries (Loudoun Habitat For Humanity's CEO's salary is $88,871 and their total compensation is $96,637):
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- Compensation: $88,871
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- Other: $7,766
Official website here: www.loudounhabitat.org
Where can I find the form 990 for Loudoun Habitat For Humanity?
Loudoun Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.loudounhabitat.org
Learn more at the official website: www.loudounhabitat.org
Mission Statement of Loudoun Habitat For Humanity
Loudoun Habitat for Humanity is an organization committed to building strength, stability, and self-reliance within its community through various initiatives. The primary focus of Loudoun Habitat is to empower lower-income families residing in Loudoun County by providing them with opportunities for homeownership. By offering these families a chance to own their homes, Loudoun Habitat aims to foster a sense of security and stability that can significantly impact their lives.
Beyond homeownership, Loudoun Habitat also extends its reach to existing lower-income homeowners by providing them with necessary home repairs. This service ensures that these homeowners can maintain safe and livable living conditions. Alongside homeownership and repairs, Loudoun Habitat also dedicates resources towards financial education. By equipping individuals with essential financial skills, Loudoun Habitat empowers them to make informed decisions about their financial future.
Moreover, Loudoun Habitat also operates a RESTORE, though the details of this program are not provided in the provided information. Lastly, Loudoun Habitat engages in advocacy work at the federal, state, and local levels to further its mission. By bringing together individuals and communities, Loudoun Habitat builds not just homes, but also communities and hope.
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Impact
July, 2024
Loudoun Habitat For Humanity's impact lies in the tangible difference it makes in the lives of individuals and families in Loudoun County. Through their housing program, 65 homeowners and 246 individuals have gained stability, security, and wealth-building opportunities by owning affordable homes. Additionally, the Habitat home repair program has assisted 37 homes and 73 individuals, including elderly, disabled, and veterans, in making essential repairs to their homes.
Furthermore, Loudoun Habitat's Restores have diverted over 800 tons of goods from landfills, providing the community with affordable shopping options while promoting sustainability. The Tools for Life Learning Center offers over 40 virtual workshops on topics such as money management, homeownership, home maintenance, and community building, all accessible for free online.
Moreover, Loudoun Habitat's advocacy efforts have expanded to include statewide work, collaborating with other Habitat organizations to secure additional funding from the State Housing Trust Fund for homeownership programs across Virginia. By empowering the community through homeownership opportunities, home repairs, financial education, and advocacy work at various levels, Loudoun Habitat For Humanity brings people together to build homes, communities, and hope.
This information is meant to be a general summary of Loudoun 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: $2,069
- Program Service Revenue: $890,220
- Gross Receipts: $2,729,611
Assets and Liabilities:
- Total Assets: $1,811,993
- Total Liabilities: $585,331
- Net Assets: $1,226,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME TRANSFER SALES
Revenue
$703,597
MORTG LOAN DISC RECAP
Revenue
$184,293
MORTG LOAN DISC
Revenue
$2,330
Organization Details
Founding Year
1993
Phone
(703) 737-6772Principal Officer
Therese Cashen
Main Address
700 FIELDSTONE DRIVE 128, LEESBURG, VA, 20176
Website
www.loudounhabitat.orgNTEE Category
Code: L25 - Housing
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