Overview
What is Habitat For Humanity Of Gaston County Inc?
Habitat for Humanity of Gaston County Inc, established in 1988, is a 501(c)(3) nonprofit affiliated with the renowned Habitat for Humanity International. This organization, situated in Gastonia, North Carolina, works in collaboration with families with low incomes, typically within the 30-60% range of the area median income. The primary mission of Habitat Gaston is to facilitate the dream of homeownership for these families, leveraging unique partnerships to break down barriers such as poor credit, insufficient down payment, and excessive consumer debt that often hinder low-income families from securing mortgages. By offering tailored housing solutions, families can purchase homes within their financial reach, thereby fostering financial stability and escaping generational poverty. Habitat Gaston's ReStore program plays a significant role in this mission, accepting over 3,500 donations of gently used goods annually and diverting approximately 367,430 lbs. of waste from landfills. The ReStore program also offers economical goods, helping customers while contributing to the mission of building simple, decent homes for partner families. In addition to the homeownership program, Habitat for Humanity of Gaston County Inc also runs a Home Repair Program, which provides essential home repair services to existing homeowners within the same income range. This program aims to enhance the living conditions of these homeowners, enabling them to maintain their homes and contribute to stable communities within Gaston County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Habitat For Humanity Of Gaston County Inc has received a Three-Star rating from Charity Navigator, indicating a moderate level of transparency and effectiveness. The organization has a strong Accountability & Finance score of 75, reflecting its commitment to good governance and financial practices, including a fully independent board and robust audit processes.
Strengths of the organization include its high rating for having an independent board, with 100% of board members meeting this criterion, and a solid financial structure, evidenced by a favorable liabilities to assets ratio of 40.24%. The charity demonstrates accountability through its documented board meeting minutes and a conflict of interest policy, which are positive indicators of organizational integrity.
However, the Program Expense Ratio is noted at 61.48%, suggesting that a portion of its funds may be going towards administrative or fundraising costs rather than direct program services. This aspect could be a point of concern for potential donors looking to maximize the impact of their contributions. Overall, while the organization has strong governance and financial practices, there may be room for improvement in its program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Gaston County Inc legitimate?
Habitat For Humanity Of Gaston County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Gaston County 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: $109,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,073
For more financial information, click here
What is the mission statement of Habitat For Humanity Of Gaston County Inc?
Habitat For Humanity Of Gaston County Inc's mission is centered around constructing affordable housing for families in need, in collaboration with the community. They aim to make adequate housing a priority for everyone, considering it a matter of social responsibility. The organization partners with families whose income falls within the 30-60% range of the area median income, assisting them in achieving homeownership. By eliminating barriers such as poor credit or lack of a down payment, Habitat Gaston enables families to purchase homes they can afford. This initiative empowers families, allowing them to build financial assets and escape poverty. Additionally, the organization's ReStore program accepts donations of gently used goods, diverting waste from landfills, and provides an opportunity for future homeowners to accomplish required work hours. Furthermore, Habitat for Humanity of Gaston County also offers a Home Repair Program, which provides repairs to existing homes for low-income homeowners, maintaining stable communities and strengthening the region.
Who is the CEO of Habitat For Humanity Of Gaston County Inc?
Lisa Quisenberry is the Executive Dir. of Habitat For Humanity Of Gaston County Inc.
What is the revenue of Habitat For Humanity Of Gaston County Inc?
Habitat For Humanity Of Gaston County Inc's revenue in 2023 was $928,309.
Who are the executives of Habitat For Humanity Of Gaston County Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Gaston County Inc during 2023 was $14,917. There are 22 employees and 89 volunteers at Habitat For Humanity Of Gaston County Inc.
Here are 18 key members and their salaries:
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Where can I find the form 990 for Habitat For Humanity Of Gaston County Inc?
Habitat For Humanity Of Gaston County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Habitat For Humanity Of Gaston County Inc
Habitat for Humanity of Gaston County Inc is committed to building decent and affordable housing in collaboration with families in need and the local community. Their mission is twofold: firstly, to create opportunities for families with low incomes, within the range of 30-60% of the area median income, to achieve homeownership; and secondly, to make the pursuit of adequate housing a matter of societal concern and action for everyone. By breaking down the barriers that often prevent low-income families from securing mortgages, such as poor credit or insufficient down payments, Habitat for Humanity of Gaston County Inc enables these families to purchase homes they can afford based on their wages. This in turn empowers families to escape the cycle of generational poverty and thrive.
In addition to their homeownership program, Habitat for Humanity of Gaston County Inc also operates a ReStore program, which accepts donations of gently used goods and diverts them from landfills. The ReStore program not only provides customers with economical goods and materials, but also offers opportunities for future homeowners to complete required sweat equity hours. Furthermore, the organization's Home Repair Program offers essential repair services to existing homeowners, ensuring that they can maintain their homes and create safe, decent living environments for their families. By providing these services, Habitat for Humanity of Gaston County Inc contributes to the stability of local communities, ultimately strengthening Gaston County as a whole.
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Impact
July, 2024
Habitat For Humanity Of Gaston County Inc's impact is significant in providing decent, affordable housing opportunities to families in need within the community. By breaking down barriers to obtaining mortgages, such as poor credit and lack of down payment, the organization enables low-income families to achieve homeownership. Through this partnership, families are able to purchase homes they can afford based on their income, leading to financial stability and the ability to break the cycle of generational poverty.
Additionally, Habitat For Humanity of Gaston County's ReStore program plays a crucial role in diverting materials from landfills by accepting donations of gently used goods. This not only benefits the environment by reducing waste but also provides affordable goods to customers, with proceeds supporting the organization's mission of building simple, decent homes for partner families.
Moreover, the Home Repair Program offered by Habitat For Humanity of Gaston County helps existing low-income homeowners create safe and decent living environments, contributing to the stability of communities in Gaston County and supporting homeowners in maintaining their properties.
Overall, Habitat For Humanity Of Gaston County Inc's activities have a tangible impact on improving housing conditions, promoting financial stability, and strengthening communities within Gaston County.
This information is meant to be a general summary of Habitat For Humanity Of Gaston County 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: $11,842
- Program Service Revenue: $89,996
- Gross Receipts: $1,579,657
Assets and Liabilities:
- Total Assets: $9,182,989
- Total Liabilities: $3,695,993
- Net Assets: $5,486,996
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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
$89,996
Organization Details
Founding Year
1989
Phone
(704) 864-6536Principal Officer
Lisa Quisenberry
Main Address
PO Box 1584, Gastonia, NC, 28053
NTEE Category
Code: L20Z - Housing
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