Overview
What is Chowan-Perquimans Habitat For Humanity Inc?
Chowan-Perquimans Habitat for Humanity Inc is a dedicated nonprofit organization located in Edenton, North Carolina. Their primary mission is to construct and provide simple, decent, and affordable housing to low-income working families. By offering no-interest, no-profit mortgages, this nonprofit organization enables families who earn between 50-60% of the average income in their local area to become homeowners. The revenue generated from these mortgage payments is then utilized to fund the construction of future homes, continuing their mission to provide affordable housing for those in need.
Official website here: www.cph4h.org
Is Chowan-Perquimans Habitat For Humanity Inc legitimate?
Chowan-Perquimans Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chowan-Perquimans Habitat For Humanity 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.
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Official website here: www.cph4h.org
What is the mission statement of Chowan-Perquimans Habitat For Humanity Inc?
Chowan-Perquimans Habitat for Humanity Inc. is committed to constructing simple, decent, and affordable housing for low-income working families. They achieve this by selling homes to eligible families at no-interest, no-profit mortgages. This innovative financing method enables these families to become homeowners, while the mortgage payments help fund the construction of more homes in the future. The organization primarily serves families who fall within the 50-60% income bracket of the two counties it operates in.
Official website here: www.cph4h.org
Who is the CEO of Chowan-Perquimans Habitat For Humanity Inc?
Tom Mullen is the President of Chowan-Perquimans Habitat For Humanity Inc.
Official website here: www.cph4h.org
What is the revenue of Chowan-Perquimans Habitat For Humanity Inc?
Chowan-Perquimans Habitat For Humanity Inc's revenue in 2023 was $213,284.
Official website here: www.cph4h.org
Who are the executives of Chowan-Perquimans Habitat For Humanity Inc and what are their salaries?
There 15 volunteers at Chowan-Perquimans Habitat For Humanity Inc.
Here are 19 key members and their salaries:
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Official website here: www.cph4h.org
Where can I find the form 990 for Chowan-Perquimans Habitat For Humanity Inc?
Chowan-Perquimans Habitat For Humanity Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cph4h.org
Learn more at the official website: www.cph4h.org
Mission Statement of Chowan-Perquimans Habitat For Humanity Inc
Chowan-Perquimans Habitat for Humanity Inc is an organization dedicated to constructing simple, decent, and affordable housing for low-income working families. Their mission is to sell these homes to eligible families at no interest and with no profit margins, enabling them to become homeowners. This nonprofit organization aims to provide a solution for families whose income falls within the 50-60% bracket of the median income in their two-county area. By offering no-interest, no-profit mortgages, Chowan-Perquimans Habitat for Humanity Inc helps these families achieve homeownership, thereby funding future housing projects through the payments these families make. The organization's construction efforts are focused on building homes that are both simple and decent, catering to the specific needs of the low-income families they serve.
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Impact
October, 2024
Chowan-Perquimans Habitat For Humanity Inc significantly enhances the quality of life for low-income working families in Edenton, NC, by building simple, decent, and affordable housing. By offering no-interest, no-profit mortgages, the organization enables families earning 50-60% of the median income to achieve homeownership, which can transform their financial stability and overall well-being.
The homes constructed serve as a foundation for families to thrive, creating stable living environments that foster community and provide a sense of belonging. Payments made by the homeowners are reinvested into the organization to fund future construction projects, thereby creating a sustainable cycle of home-building that benefits even more families in need.
This impactful approach not only addresses the immediate housing challenges faced by struggling families but also contributes to long-term community development by promoting homeownership and economic empowerment. As families gain access to affordable housing, they can focus on personal and professional growth, fostering a positive ripple effect throughout the community.
This information is meant to be a general summary of Chowan-Perquimans Habitat For Humanity 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: -$15,034
- Gross Receipts: $229,834
Assets and Liabilities:
- Total Assets: $1,562,765
- Total Liabilities: $38,821
- Net Assets: $1,523,944
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Organization Details
Founding Year
1996
Phone
(252) 482-2686Principal Officer
Tom Mullen
Main Address
PO BOX 434, EDENTON, NC, 27932
Website
www.cph4h.orgNTEE Category
Code: L20 - Housing
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