Overview
What is Greater Florence Habitat For Humanity?
Greater Florence Habitat for Humanity is a nonprofit organization situated in Florence, South Carolina. Committed to making decent housing a priority, the organization brings people together to construct affordable homes and strengthen communities. Beyond their traditional new home construction model, they have expanded their initiatives to include repairing and renovating existing homes. Families purchasing these renovated homes do so with a no-interest mortgage, having completed sweat equity hours and homeownership preparedness classes. In recent times, Greater Florence Habitat for Humanity has taken advantage of a depressed residential real estate market by purchasing and renovating foreclosed homes for less than the cost of building a new one. This strategy allows the organization to stretch donor dollars, serve more families, and contribute to neighborhood stabilization in areas with high foreclosure rates. The organization's mission is deeply rooted in faith, aiming to eliminate poverty housing worldwide and make decent shelter a matter of conscience and action. With a dedicated workforce of 12 employees, Greater Florence Habitat for Humanity continues its mission to provide housing solutions and hope to the community.
Official website here: www.florencehabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Greater Florence Habitat for Humanity has received an overall rating of 84%, reflecting a commendable performance in accountability and finance. This rating is significant as it indicates a strong commitment to transparency and responsible management of resources, with 100% of board members being independent and a solid program expense ratio of 81.11%. Such financial indicators suggest effective allocation of funds towards fulfilling their mission.
While the organization demonstrates strengths in various areas, there are notable gaps in its governance policies. The absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy may raise concerns about potential risks in oversight and ethical practices. Additionally, the nonprofit has not made its tax forms accessible on its website, which can limit transparency for potential donors and beneficiaries.
Overall, Greater Florence Habitat for Humanity showcases a strong focus on financial integrity, yet it has areas to improve in governance practices. Addressing these limitations could enhance their credibility and strengthen community trust as they continue their vital work in providing affordable housing solutions.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Florence Habitat For Humanity legitimate?
Greater Florence Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Florence Habitat For Humanity 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: $92,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,514
For more financial information, click here
Official website here: www.florencehabitat.org
What is the mission statement of Greater Florence Habitat For Humanity?
Greater Florence Habitat for Humanity is dedicated to putting God's love into action, bringing people together to build homes, communities, and hope. Their mission is to make decent, affordable housing available to more families, working towards eliminating poverty housing worldwide. They believe in making decent shelter a matter of conscience and action. The organization diversifies its programs, including the repair and renovation of existing homes, in addition to constructing new ones. Families can purchase newly constructed Habitat homes with a no-interest mortgage after completing their sweat equity hours and homeownership preparedness classes. In some cases, Habitat acquires foreclosed homes and renovates them to like-new condition, helping to stretch donor dollars, serve more families, and stabilize neighborhoods with high foreclosure rates.
Official website here: www.florencehabitat.org
Who is the CEO of Greater Florence Habitat For Humanity?
Robbie Timms is the Executive Director of Greater Florence Habitat For Humanity.
Official website here: www.florencehabitat.org
What is the revenue of Greater Florence Habitat For Humanity?
Greater Florence Habitat For Humanity's revenue in 2022 was $877,068.
Official website here: www.florencehabitat.org
Who are the executives of Greater Florence Habitat For Humanity and what are their salaries?
The average compensation at Greater Florence Habitat For Humanity during 2022 was $25,976. There are 12 employees and 300 volunteers at Greater Florence Habitat For Humanity.
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Official website here: www.florencehabitat.org
Where can I find the form 990 for Greater Florence Habitat For Humanity?
Greater Florence Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.florencehabitat.org
Learn more at the official website: www.florencehabitat.org
Mission Statement of Greater Florence Habitat For Humanity
Greater Florence Habitat for Humanity, a nonprofit organization, is committed to putting God's love into action. Their mission is to bring people together to build homes, communities, and hope. They strive to make decent, affordable housing available to more families, aiming to eliminate poverty housing from the world. For Greater Florence Habitat for Humanity, making decent shelter a matter of conscience and action is of utmost importance.
Through various programs, this organization works towards achieving its mission. One of their key initiatives involves constructing new homes for families. These families purchase the newly built Habitat homes after completing their sweat equity hours and homeownership preparedness classes. Greater Florence Habitat for Humanity also repairs and renovates existing homes, expanding its services beyond traditional new home construction.
Moreover, the organization acquires foreclosed homes through foreclosure and renovates them to like-new condition. Families then purchase these renovated homes with no-interest mortgages. This innovative strategy not only helps serve more families but also stabilizes neighborhoods with high foreclosure rates, thus effectively stretching donor dollars in the depressed residential real estate market. In this way, Greater Florence Habitat for Humanity contributes to building strong, sustainable communities while providing decent shelter for families in need.
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Impact
July, 2024
Greater Florence Habitat For Humanity's impact includes putting God's love into action by bringing people together to build homes, communities, and hope. By making decent, affordable housing available to more families, Habitat is actively working to eliminate poverty housing from the world and make decent shelter a matter of conscience and action. In addition to their traditional new home construction model, Habitat has diversified its programs to include the repair and renovation of existing homes.
Families have the opportunity to purchase newly constructed Habitat homes with a no-interest mortgage after completing their sweat equity hours and homeownership preparedness classes. Moreover, Habitat has acquired foreclosed homes, renovated them to like-new condition, and sold them to families. This approach has allowed Habitat to stretch donor dollars, serve more families, and stabilize neighborhoods with high foreclosure rates in the Greater Florence area.
This information is meant to be a general summary of Greater Florence Habitat For Humanity. 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: $84,926
- Program Service Revenue: $363,998
- Gross Receipts: $908,710
Assets and Liabilities:
- Total Assets: $2,139,406
- Total Liabilities: $671,320
- Net Assets: $1,468,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE STORE SALES
Revenue
$363,998
Organization Details
Founding Year
1991
Phone
(843) 665-1624Principal Officer
Robbie Timms
Main Address
PMB 136 1937 W PALMETTO STREET, FLORENCE, SC, 29501
Website
www.florencehabitat.orgNTEE Category
Code: L20 - Housing
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