Overview
What is Habitat For Humanity Middlesex Inc?
Habitat for Humanity Middlesex Inc, based in Hartfield, Virginia, is a dedicated nonprofit organization. Their primary mission is to construct affordable homes for low-income families, providing them with 1,200 to 1,400 square foot dwellings. The organization finances these homes through interest-free 30-year mortgages, making homeownership more accessible for families in Middlesex County, Virginia. By focusing on affordable housing, Habitat for Humanity Middlesex Inc aims to contribute positively to the local community and improve living standards for families with modest incomes.
Official website here: www.habitatmidva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Habitat For Humanity Middlesex Inc has received a score of 76%, which reflects a Three-Star rating primarily focused on its Accountability & Finance. The organization has demonstrated strong governance with a fully independent board, achieving perfect scores in board independence and size. Additionally, it has no material diversion of assets, indicating responsible financial management.
However, there are notable areas for improvement. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which contributed to lower scores in those categories. While these omissions do not necessarily indicate wrongdoing, they highlight potential gaps in governance practices that could be addressed to strengthen the organization's transparency and accountability.
On a positive note, Habitat For Humanity Middlesex Inc allocates a significant majority of its expenses (83.65%) directly to programs, underscoring its commitment to its mission. Furthermore, its low liabilities-to-assets ratio of 1.53% reflects a solid financial position, which is promising for ongoing operations and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Middlesex Inc legitimate?
Habitat For Humanity Middlesex Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Middlesex 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:
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For more financial information, click here
Official website here: www.habitatmidva.org
What is the mission statement of Habitat For Humanity Middlesex Inc?
Habitat For Humanity Middlesex Inc is committed to constructing affordable housing for families with low wages. Their mission is to build homes that are between 1200 to 1400 square feet for these families, providing them with a decent living space. The organization finances these homes through interest-free 30-year mortgages, making homeownership more accessible to those who may not have had the opportunity otherwise. By doing so, Habitat For Humanity Middlesex Inc aims to contribute to the well-being of low-income families in a meaningful way.
Official website here: www.habitatmidva.org
What is the revenue of Habitat For Humanity Middlesex Inc?
Habitat For Humanity Middlesex Inc's revenue in 2024 was $143,233.
Official website here: www.habitatmidva.org
Who are the executives of Habitat For Humanity Middlesex Inc and what are their salaries?
There 24 volunteers at Habitat For Humanity Middlesex Inc.
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Official website here: www.habitatmidva.org
Where can I find the form 990 for Habitat For Humanity Middlesex Inc?
Habitat For Humanity Middlesex Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.habitatmidva.org
Learn more at the official website: www.habitatmidva.org
Mission Statement of Habitat For Humanity Middlesex Inc
Habitat for Humanity Middlesex Inc is dedicated to a noble mission: building affordable housing for low-wage earner families in Virginia's Middlesex County. This nonprofit organization goes beyond just constructing homes, as it aims to provide 1,200 to 1,400 square foot residences for families with limited income. The homes are financed through an interest-free 30-year mortgage, making homeownership more accessible and affordable for these families. By undertaking this mission, Habitat for Humanity Middlesex Inc is contributing significantly to the well-being and stability of its community, providing a solid foundation for low-income families to build a better future.
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Impact
October, 2024
Habitat For Humanity Middlesex Inc significantly impacts the community by addressing the critical need for affordable housing for low-wage earning families in Middlesex County, Virginia. By building homes ranging from 1,200 to 1,400 square feet, this organization provides essential living spaces that foster stability and security for families in need.
Creating opportunities for low-income families to own their homes, Habitat For Humanity Middlesex Inc finances these constructions with interest-free 30-year mortgages, making homeownership accessible without the burden of high interest rates. This innovative approach not only alleviates housing insecurity but also empowers families, allowing them to build equity and invest in their futures.
By improving living conditions and promoting homeownership, the organization contributes to stronger, more resilient communities in Hartfield and beyond, ultimately fostering economic growth and enhancing the quality of life for its residents.
This information is meant to be a general summary of Habitat For Humanity Middlesex 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: $3,537
- Program Service Revenue: $1,133
- Gross Receipts: $143,233
Assets and Liabilities:
- Total Assets: $1,194,484
- Total Liabilities: $29,005
- Net Assets: $1,165,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TO HOMEOWNERS
Revenue
$1,000
LATE FEES
Revenue
$133
Organization Details
Founding Year
2000
Phone
(757) 903-8587Principal Officer
Janet Riggs
Main Address
PO BOX 492, HARTFIELD, VA, 23071
Website
www.habitatmidva.orgNTEE Category
Code: L202 - Housing
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