Overview
What is Habitat For Humanity Cabarrus County?
Habitat for Humanity Cabarrus County is a dedicated nonprofit organization located in Concord, North Carolina. With a mission guided by faith, their primary goal is to enhance the community by promoting affordable and decent housing for all its residents. Throughout the year, they serve 72 low-income families, constructing 7 new homes and addressing 65 urgent repair projects. Furthermore, they maintain interest-free mortgages and offer homeowner services to over 80 homeowners. The organization generates additional revenue through ReStore sales, which are the result of donated merchandise from businesses and individuals who share their mission. The profits from these sales help subsidize construction and operating costs. Habitat for Humanity Cabarrus County has a team of 23 passionate employees committed to this cause.
Official website here: www.habitatcabarrus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Habitat For Humanity Cabarrus County has achieved a perfect score of 100% on Charity Navigator, earning a prestigious Four-Star rating. This rating reflects a strong commitment to accountability and financial transparency, with a focus entirely on its financial practices. The organization boasts a fully independent board and has established comprehensive policies regarding conflict of interest, whistleblowers, and document retention, contributing to its high score.
The majority of the board members are independent, and the organization has a robust audit and oversight committee in place. This governance structure indicates a serious commitment to ethical management and responsible use of funds. Additionally, Habitat For Humanity Cabarrus County demonstrates effective financial management, with a low liabilities-to-assets ratio and a high percentage of program expenses directed towards its mission, ensuring that a significant portion of donations supports its core programs.
While the data highlights strong financial practices and governance, it emphasizes the importance of maintaining these standards to continue building trust with donors. The organization's focus on transparency and accountability sets a positive example, but ongoing efforts will be crucial to sustain this level of performance over time.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Cabarrus County legitimate?
Habitat For Humanity Cabarrus County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Cabarrus County 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: $109,396
Professional Fundraising Fees: $0
Other Salaries and Wages: $386,958
For more financial information, click here
Official website here: www.habitatcabarrus.org
What is the mission statement of Habitat For Humanity Cabarrus County?
Habitat for Humanity Cabarrus County, guided by their faith, works towards transforming lives and the community by uniting everyone in Cabarrus County around the goal of providing decent, affordable housing for all. Their mission is to bring people together, irrespective of their background, in an effort to address the housing needs of low-income families. They achieve this by constructing new homes and providing urgent repairs, serving 72 families annually. Moreover, they offer interest-free mortgages and homeowner services to over 80 homeowners. Additionally, the organization's ReStore sales, derived from donated merchandise, contribute to subsidizing construction and operational costs.
Official website here: www.habitatcabarrus.org
Who is the CEO of Habitat For Humanity Cabarrus County?
Nick Lovelace is the Ceo of Habitat For Humanity Cabarrus County. The CEO's salary of Habitat For Humanity Cabarrus County is $94,989 and their total compensation is $109,396.
Official website here: www.habitatcabarrus.org
What is the revenue of Habitat For Humanity Cabarrus County?
Habitat For Humanity Cabarrus County's revenue in 2023 was $3,421,670.
Official website here: www.habitatcabarrus.org
Who are the executives of Habitat For Humanity Cabarrus County and what are their salaries?
The average compensation at Habitat For Humanity Cabarrus County during 2023 was $21,581. There are 23 employees and 525 volunteers at Habitat For Humanity Cabarrus County.
Here are 18 key members and their salaries (Habitat For Humanity Cabarrus County's CEO's salary is $94,989 and their total compensation is $109,396):
- Compensation: $94,989
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- Other: $14,407
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Official website here: www.habitatcabarrus.org
Where can I find the form 990 for Habitat For Humanity Cabarrus County?
Habitat For Humanity Cabarrus County's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.habitatcabarrus.org
Learn more at the official website: www.habitatcabarrus.org
Mission Statement of Habitat For Humanity Cabarrus County
Habitat for Humanity Cabarrus County, guided by a strong belief in a higher power, is dedicated to uplifting the community and transforming lives by fostering unity around the cause of providing decent, affordable housing for all its residents. The organization's mission is to bring together individuals from across the county, rallying them around this noble objective, aiming to ensure that everyone has access to a suitable living space.
Habitat for Humanity Cabarrus County actively engages in various activities to achieve its mission. During the year, the organization served 72 low-income families by constructing 7 new homes and carrying out 65 urgent repair projects. These initiatives not only provided families with a safe and comfortable living environment but also helped to revitalize the community. Moreover, the organization continued to support its existing homeowners by offering interest-free mortgages and various homeowner services.
The organization's ReStore program is another key aspect of its mission. Through this initiative, Habitat for Humanity Cabarrus County collects donated merchandise from businesses and individuals who share its commitment to affordable housing. The revenue generated from ReStore sales is then used to subsidize construction and operational costs, furthering the organization's mission of providing decent housing for all. In essence, Habitat for Humanity Cabarrus County is a beacon of hope and unity, working tirelessly to ensure that everyone in the community has a place to call home.
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Impact
July, 2024
Habitat For Humanity Cabarrus County has had a significant impact by serving 72 low-income families through construction services, including building 7 new homes and completing 65 urgent repair projects in the past year. They have also provided homeowner services to over 80 homeowners, maintaining interest-free mortgages to support affordable housing. Additionally, their ReStore sales, fueled by donated merchandise, have generated profits that were used to subsidize construction and operating costs. Through these efforts, Habitat For Humanity Cabarrus County has played a crucial role in transforming lives and the community by providing decent and affordable housing for everyone in Cabarrus County.
This information is meant to be a general summary of Habitat For Humanity Cabarrus County. 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: $26,511
- Program Service Revenue: $1,438,362
- Gross Receipts: $4,012,813
Assets and Liabilities:
- Total Assets: $4,818,009
- Total Liabilities: $770,466
- Net Assets: $4,047,543
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Late Fees
Revenue
$1,059
Loan Disc. Amortization
Revenue
$110,497
Sale of Homes
Revenue
$1,326,806
Organization Details
Founding Year
1989
Phone
(704) 786-4001Principal Officer
Nick Lovelace
Main Address
8 Church Street S, Concord, NC, 28025
Website
www.habitatcabarrus.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Habitat For Humanity Cabarrus County and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.