Overview
What is Habitat For Humanity Of The Tri-State Inc?
Habitat for Humanity of the Tri-State Inc, located in Huntington, West Virginia, is a dedicated nonprofit organization with a mission to provide affordable housing and related support services to low-income individuals. They achieve this through constructing homes for eligible families, selling them at a cost basis with no interest charges. The organization's activities extend beyond home construction, offering resources and education to help these families secure and maintain their homes. With a team of 21 dedicated employees, Habitat for Humanity of the Tri-State Inc continues to strive towards creating stable living environments for low-income families within the community.
Official website here: www.hfhtristate.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star Rating
Habitat For Humanity Of The Tri-State Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 85%. This rating is based entirely on their Accountability & Finance metrics, indicating strong governance practices and financial health. The organization excels in areas such as having a completely independent board and comprehensive policies addressing conflicts of interest and whistleblower protections.
Strengths highlighted in the data include perfect scores for several accountability measures, showcasing the organization's commitment to transparency and responsible management. The program expense ratio and working capital ratio are also rated highly, suggesting effective allocation of resources towards mission-related activities while maintaining financial stability.
However, while the organization demonstrates strong financial practices, the rating reflects that it is primarily based on accountability and financial metrics without additional measures of effectiveness or impact in the community. This might indicate a need for further evaluation of the organization’s overall program outcomes and community engagement initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of The Tri-State Inc legitimate?
Habitat For Humanity Of The Tri-State Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of The Tri-State 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $775,038
For more financial information, click here
Official website here: www.hfhtristate.com
What is the mission statement of Habitat For Humanity Of The Tri-State Inc?
Habitat For Humanity Of The Tri-State Inc's mission is centered around constructing homes for qualifying low-income families. Their primary objective is to provide affordable housing solutions. This is achieved by selling homes at an average cost basis with no interest charges. The organization's broader mission encompasses offering not just affordable housing, but also financing, family support, and educational resources for individuals in the lower income bracket.
Official website here: www.hfhtristate.com
Who is the CEO of Habitat For Humanity Of The Tri-State Inc?
David A Michael is the CEO of Habitat For Humanity Of The Tri-State Inc The CEO's salary of Habitat For Humanity Of The Tri-State Inc is $100,798 and their total compensation is $100,798.
Official website here: www.hfhtristate.com
What is the revenue of Habitat For Humanity Of The Tri-State Inc?
Habitat For Humanity Of The Tri-State Inc's revenue in 2023 was $3,182,992.
Official website here: www.hfhtristate.com
Who are the executives of Habitat For Humanity Of The Tri-State Inc and what are their salaries?
The average compensation at Habitat For Humanity Of The Tri-State Inc during 2023 was $26,564. There are 32 employees and 152 volunteers at Habitat For Humanity Of The Tri-State Inc.
Here are 17 key members and their salaries (Habitat For Humanity Of The Tri-State Inc's CEO's salary is $100,798 and their total compensation is $100,798):
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Official website here: www.hfhtristate.com
Where can I find the form 990 for Habitat For Humanity Of The Tri-State Inc?
Habitat For Humanity Of The Tri-State Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hfhtristate.com
Learn more at the official website: www.hfhtristate.com
Mission Statement of Habitat For Humanity Of The Tri-State Inc
Habitat for Humanity of the Tri-State Inc is dedicated to constructing homes for qualifying low-income families. Their mission is centered around providing affordable housing solutions, financing options, and educational and supportive resources for individuals in need. By building homes at an average cost basis with no interest charges, they aim to make homeownership more accessible for families who might otherwise face housing challenges. This organization's efforts extend beyond just constructing homes, as they also offer family support and educational programs to help these individuals establish stable living environments and improve their overall quality of life.
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Impact
July, 2024
Habitat for Humanity of the Tri-State Inc's impact lies in providing affordable housing solutions to low-income families in the Huntington, West Virginia area. Through the construction of homes and offering affordable home financing options without interest charges, they help families achieve the dream of homeownership. Additionally, they provide essential family support and education to empower individuals and strengthen communities. Their work not only addresses the immediate need for housing but also contributes to long-term stability and self-sufficiency for those they serve.
This information is meant to be a general summary of Habitat For Humanity Of The Tri-State 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: $8
- Program Service Revenue: $264,418
- Gross Receipts: $3,232,828
Assets and Liabilities:
- Total Assets: $4,054,789
- Total Liabilities: $1,511,367
- Net Assets: $2,543,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF HOMES
Revenue
$174,545
MORTGAGE LOAN AMORTIZATION
Revenue
$85,373
SALE OF PROPERTY
Revenue
$4,500
Organization Details
Founding Year
1990
Principal Officer
David Michael
Website
www.hfhtristate.comNTEE Category
Code: L20Z - Housing
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