Overview
What is Habitat For Humanity Of Randolph County?
Habitat for Humanity of Randolph County is a nonprofit organization located in Asheboro, North Carolina. Their primary mission is to construct and provide affordable homes for low-income families, financing these projects through local chapters and offering interest-free mortgages to the homeowners after they complete the required volunteer hours. The organization follows a collaborative approach, working in partnership with God and people from diverse backgrounds to develop communities with decent housing for those in need. As of the provided data, 11 houses were under construction, with three being completed and titled to the new homeowners. The construction costs of these homes are reported as an asset on the balance sheet until the houses are fully built. The organization has a modest workforce of 16 employees dedicated to this noble cause.
Official website here: www.habitat.org randolph county
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Habitat For Humanity Of Randolph County has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The rating is based on a single beacon score that reflects their commitment to transparency and effective management, with 100% of their independent board members demonstrating a robust governance structure.
The organization excels in various areas, including having no material diversion of assets and a high program expense ratio of 72.27%. This suggests that a significant portion of their funding is directed towards their mission and programs, enhancing their overall impact in the community. Additionally, they have established comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention, which further reinforces their commitment to accountability.
While the organization's financial health appears strong, the emphasis on accountability is a critical indicator for potential donors. Overall, Habitat For Humanity Of Randolph County stands out as a well-managed nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Randolph County legitimate?
Habitat For Humanity Of Randolph County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Randolph 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: $51,641
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,344
For more financial information, click here
Official website here: www.habitat.org randolph county
What is the mission statement of Habitat For Humanity Of Randolph County?
Habitat for Humanity of Randolph County's mission is centered around partnership and community development. They work in collaboration with individuals from various backgrounds and God to construct decent homes for people in need. The organization's goal is to create communities where these individuals can live and grow, fulfilling God's intended purpose for them. Habitat for Humanity provides housing solutions for low-income families, financing the homes through local chapters. The homeowners are required to contribute volunteer hours and are subsequently granted an interest-free mortgage upon completion of these hours. The organization's activities primarily consist of building and renovating houses, transforming them into decent homes in decent communities.
Official website here: www.habitat.org randolph county
Who is the CEO of Habitat For Humanity Of Randolph County?
Wanda L Pegg is the Executive Dir of Habitat For Humanity Of Randolph County.
Official website here: www.habitat.org randolph county
What is the revenue of Habitat For Humanity Of Randolph County?
Habitat For Humanity Of Randolph County's revenue in 2022 was $891,991.
Official website here: www.habitat.org randolph county
Who are the executives of Habitat For Humanity Of Randolph County and what are their salaries?
The average compensation at Habitat For Humanity Of Randolph County during 2022 was $8,124. There are 16 employees and 719 volunteers at Habitat For Humanity Of Randolph County.
Here are 15 key members and their salaries:
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Official website here: www.habitat.org randolph county
Where can I find the form 990 for Habitat For Humanity Of Randolph County?
Habitat For Humanity Of Randolph County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitat.org randolph county
Learn more at the official website: www.habitat.org randolph county
Mission Statement of Habitat For Humanity Of Randolph County
Habitat for Humanity of Randolph County, a nonprofit organization, works in collaboration with God and individuals from diverse backgrounds to develop communities where those in need can reside in decent homes situated in decent neighborhoods. The primary objective of this organization is to construct and renovate houses, transforming them into decent living spaces for low-income families. In doing so, Habitat for Humanity of Randolph County allows these families to grow and flourish in accordance with God's plan.
The organization's approach involves partnering with the homeowners, who contribute to the construction process by volunteering their time. In return, the homeowners receive an interest-free mortgage once the required volunteer hours are completed. This mutually beneficial arrangement not only provides the families with a stable living environment but also enables them to invest in their communities. The construction expenses are recognized when the title of the property is transferred to the new homeowner, and the completed houses are reported as an asset on the balance sheet. Habitat for Humanity of Randolph County is committed to its mission of building homes and communities that foster growth and well-being for those in need.
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Impact
July, 2024
Habitat For Humanity Of Randolph County's impact is significant in providing affordable housing opportunities to low-income clients in the community. By partnering with individuals from all walks of life, Habitat for Humanity works to develop decent housing in decent communities where people can live and thrive. In the past year, the organization had 11 houses under construction, with three completed and transferred to new homeowners. Through their program, homeowners receive interest-free mortgages after completing required volunteer hours, thereby helping them achieve stability and an improved quality of life.
This information is meant to be a general summary of Habitat For Humanity Of Randolph 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 2022.
- Investment Income: -$5,950
- Program Service Revenue: $543,427
- Gross Receipts: $1,071,903
Assets and Liabilities:
- Total Assets: $2,074,080
- Total Liabilities: $656,310
- Net Assets: $1,417,770
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TITLE TRANSFER TO HOMEOWNERS
Revenue
$513,000
MORT. LOAN DISCOUNT AMORTIZATION
Revenue
$30,427
Organization Details
Founding Year
1997
Phone
(336) 625-1429Principal Officer
Wanda L Pegg
Main Address
P O BOX 669, ASHEBORO, NC, 272040669
NTEE Category
Code: L20 - Housing
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