Overview
What is Habitat For Humanity Of The Charlotte Region Inc?
Habitat for Humanity of the Charlotte Region is a nonprofit organization celebrating its 40th year in Charlotte, North Carolina. With a team of 227 employees, they dedicate their efforts to providing affordable housing solutions for low-income families. Their mission centers around building new homes and refurbishing existing ones, setting fair market values, and selling them to income-qualified homebuyers with affordable mortgages. Through this work, Habitat for Humanity in Charlotte aims to bring people together, instilling hope and fostering strong communities.
Official website here: www.habitatcltregion.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
Habitat For Humanity Of The Charlotte Region Inc has achieved an impressive Four-Star rating from Charity Navigator, highlighting its strong performance across multiple accountability and finance metrics. The organization scores a perfect 100 in both Accountability & Finance and Leadership & Adaptability, showcasing its commitment to transparency and effective governance. The program expense ratio of over 90% indicates that a significant portion of its resources is directed towards its programs, emphasizing its focus on impactful community service.
The nonprofit also demonstrates robust organizational practices, such as having a fully independent board of directors and comprehensive policies in place for conflict of interest and whistleblowing. Its high scores in feedback collection and usage reflect a strong commitment to community engagement and responsiveness to stakeholder input. Additionally, the organization earns high marks for its equity strategies and investment in leadership development, indicating a proactive approach to fostering a diverse and capable leadership team.
However, while the scores are highly favorable, stakeholders may want to monitor the organization's liabilities to assets ratio, which stands at 35.9%. This metric suggests a moderate level of debt relative to its assets, which could influence financial stability in the long term. Overall, Habitat For Humanity Of The Charlotte Region Inc demonstrates a strong foundation and dedication to its mission, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of The Charlotte Region Inc legitimate?
Habitat For Humanity Of The Charlotte Region Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of The Charlotte Region 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: $870,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,317,990
For more financial information, click here
Official website here: www.habitatcltregion.org
What is the mission statement of Habitat For Humanity Of The Charlotte Region Inc?
Habitat for Humanity of Charlotte strives to put God's love into action by bringing together people to build homes, communities, and hope. Through their mission, they focus on constructing new homes and refurbishing existing ones, selling them at fair market value to income-qualified homebuyers with affordable mortgages. In the past year, they helped 45 families realize the dream of homeownership through new constructions and 26 families through existing home sales. Habitat for Humanity of Charlotte has been providing affordable housing solutions for low-income families for four decades and is among the top affiliates in the country. Their focus on home construction remains central to their mission.
Official website here: www.habitatcltregion.org
Who is the CEO of Habitat For Humanity Of The Charlotte Region Inc?
Laura Belcher is the President & Ceo of Habitat For Humanity Of The Charlotte Region Inc. The CEO's salary of Habitat For Humanity Of The Charlotte Region Inc is $204,683 and their total compensation is $216,417.
Official website here: www.habitatcltregion.org
What is the revenue of Habitat For Humanity Of The Charlotte Region Inc?
Habitat For Humanity Of The Charlotte Region Inc's revenue in 2022 was $52,323,308.
Official website here: www.habitatcltregion.org
Who are the executives of Habitat For Humanity Of The Charlotte Region Inc and what are their salaries?
The average compensation at Habitat For Humanity Of The Charlotte Region Inc during 2022 was $36,071. There are 227 employees and 2841 volunteers at Habitat For Humanity Of The Charlotte Region Inc.
Here are 31 key members and their salaries (Habitat For Humanity Of The Charlotte Region Inc's CEO's salary is $204,683 and their total compensation is $216,417):
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- Compensation: $204,683
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Official website here: www.habitatcltregion.org
Where can I find the form 990 for Habitat For Humanity Of The Charlotte Region Inc?
Habitat For Humanity Of The Charlotte Region Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatcltregion.org
Learn more at the official website: www.habitatcltregion.org
Mission Statement of Habitat For Humanity Of The Charlotte Region Inc
Habitat for Humanity of the Charlotte Region, a renowned nonprofit organization, is dedicated to putting God's love into action by bringing together individuals to build homes, communities, and hope. With a mission deeply rooted in community engagement, the organization has been providing affordable housing solutions to low-income families in the region for the past 40 years.
Home construction remains at the core of Habitat Charlotte Region's mission. Through this program, they focus on building new homes and refurbishing existing ones, pricing them at fair market value for income-qualified homebuyers. The organization strives to provide mortgages that are "right-sized" through subsidies, making homeownership an attainable goal for many families. Last year alone, Habitat Charlotte Region helped 45 families close on new homes and 26 families on existing ones.
This Charlotte-based affiliate is renowned for its commitment to affordable housing. Their tireless efforts to provide families with a stable living environment not only contribute to the betterment of individual lives but also strengthen the overall community. By engaging volunteers and partnering with local organizations, Habitat Charlotte Region continues to make a difference in the lives of those in need, one home at a time.
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Impact
October, 2024
Habitat for Humanity of the Charlotte Region Inc. has made a significant impact by addressing the critical need for affordable housing in the area, especially for low-income families. As it approaches its 40th anniversary, the organization has established itself as a leader in providing homeownership solutions, helping to foster stability and community among its beneficiaries.
In the past year alone, Habitat Charlotte facilitated the closing of 45 new homes and 26 refurbished homes for families, ensuring these homes are priced fairly and equipped with mortgages that are manageable through subsidies. This initiative not only provides shelter but also empowers families by enabling them to invest in their futures.
The focus on home construction, both new builds and refurbishments, underscores their commitment to enhancing living conditions and creating vibrant communities. By uniting volunteers, families, and supporters, Habitat for Humanity embodies a spirit of collaboration and compassion, demonstrating how collective efforts can yield transformative results in the lives of individuals and neighborhoods alike.
This information is meant to be a general summary of Habitat For Humanity Of The Charlotte Region 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 2022.
- Investment Income: $46,533
- Program Service Revenue: $22,339,740
- Gross Receipts: $53,153,745
Assets and Liabilities:
- Total Assets: $91,430,735
- Total Liabilities: $27,425,367
- Net Assets: $64,005,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGED HOME SALES
Revenue
$12,250,760
RE-STORE
Revenue
$6,703,525
MORTGAGE AMORTIZATION
Revenue
$2,073,312
OTHER PROG SERVICES
Revenue
$760,126
BOOK SALES
Revenue
$391,922
Organization Details
Founding Year
1983
Phone
(704) 376-2054Principal Officer
Laura Belcher
Main Address
PO BOX 220287, CHARLOTTE, NC, 28222
Website
www.habitatcltregion.orgNTEE Category
Code: L20Z - Housing
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