Overview
What is Knoxville Habitat For Humanity Inc?
Knoxville Habitat for Humanity Inc is a nonprofit organization situated in Knoxville, Tennessee. Their primary mission is to partner with local low-income families, providing them with the opportunity to construct a home they can call their own. Families who collaborate with Knoxville Habitat have an income of 80% or less than the area median income. This initiative involves the participation of volunteers and the guidance of Knoxville Habitat, enabling partner families to complete homeowner education and construct a house. Upon completion, the family purchases the home at an affordable price with a 30-year, interest-free mortgage. Knoxville Habitat for Humanity, with its mission to put God's love into action, aims to bring people together to build homes, communities, and hope, ultimately striving for a world where everyone has a decent place to live. The organization currently employs 44 individuals.
Official website here: www.knoxvillehabitatforhumanity.com
What are the reviews and ratings of this charity?
Knoxville Habitat For Humanity Inc has achieved an impressive rating of 97% from Charity Navigator, earning it a Four-Star out of Four Stars designation. This score reflects the organization’s strong commitment to accountability and finance, with 100% of its board members being independent and a solid financial oversight structure in place. The charity shows an excellent program expense ratio of 80.30% and high fundraising efficiency, indicating effective resource management.
The organization excels in governance practices, as evidenced by its adherence to conflict of interest and whistleblower policies, alongside thorough financial documentation practices. The operational transparency further reinforces public trust in its commitment to serving the community. However, it is worth noting that the charity has not been scored on areas like impact and measurement, leadership, and culture.
Unfortunately, user reviews from GreatNonprofits could not be fetched, leaving a gap in understanding public sentiment directly from beneficiaries and volunteers. Overall, Knoxville Habitat For Humanity Inc is recognized for its robust financial health and governance, which bodes well for its mission but would benefit from additional insights regarding its broader impact.
This AI summary has been generated from information found on Charity Navigator.
Is Knoxville Habitat For Humanity Inc legitimate?
Knoxville Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knoxville 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $130,324
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,686,395
For more financial information, click here
Official website here: www.knoxvillehabitatforhumanity.com
What is the mission statement of Knoxville Habitat For Humanity Inc?
Knoxville Habitat for Humanity Inc's mission is centered around promoting unity and hope by constructing affordable homes for low-income families. They strive to embody God's love by bringing people together, fostering a vision where everyone has access to a decent living space. Their activities primarily involve partnering with eligible families, helping them build homes they can afford, and providing them with a 0% interest mortgage for a 30-year period. Volunteers and the leadership of Knoxville Habitat assist these families in completing homeowner education and construction, enabling them to gain strength, stability, and independence, thereby improving their lives and those of their families.
Official website here: www.knoxvillehabitatforhumanity.com
Who is the CEO of Knoxville Habitat For Humanity Inc?
Kelle Shultz is the Past Chair of Knoxville Habitat For Humanity Inc. The CEO's salary of Knoxville Habitat For Humanity Inc is $121,968 and their total compensation is $136,047.
Official website here: www.knoxvillehabitatforhumanity.com
What is the revenue of Knoxville Habitat For Humanity Inc?
Knoxville Habitat For Humanity Inc's revenue in 2022 was $7,598,798.
Official website here: www.knoxvillehabitatforhumanity.com
Who are the executives of Knoxville Habitat For Humanity Inc and what are their salaries?
The average compensation at Knoxville Habitat For Humanity Inc during 2022 was $41,289. There are 44 employees and 1358 volunteers at Knoxville Habitat For Humanity Inc.
Here are 27 key members and their salaries (Knoxville Habitat For Humanity Inc's CEO's salary is $121,968 and their total compensation is $136,047):
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- Compensation: $121,968
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- Other: $14,079
Official website here: www.knoxvillehabitatforhumanity.com
Where can I find the form 990 for Knoxville Habitat For Humanity Inc?
Knoxville Habitat For Humanity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.knoxvillehabitatforhumanity.com
Learn more at the official website: www.knoxvillehabitatforhumanity.com
Mission Statement of Knoxville Habitat For Humanity Inc
Knoxville Habitat for Humanity Inc is an organization dedicated to putting God's love into action. Their mission is centered around bringing people together to build homes, communities, and hope. By partnering with low-income families, they help these families construct affordable homes that they can call their own. The families involved in this initiative earn 80% or less than the area median income.
Under the guidance and assistance of Knoxville Habitat for Humanity, these families undergo homeowner education and actively contribute to building their homes with the help of volunteers. Once completed, the families purchase their homes at an affordable price, with a 30-year, 0%-interest mortgage. This collaborative effort aims to help local families build the strength, stability, and independence they need to improve their lives and those of their families. Through this process, Knoxville Habitat for Humanity contributes to creating thriving communities and fostering hope.
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Impact
July, 2024
Knoxville Habitat For Humanity Inc brings people together to build homes, communities, and hope by partnering with local low-income families. Through the construction and sale of affordable homes, they help families in need achieve homeownership. Partner families, earning 80% or less than the area median income, work alongside volunteers and under the guidance of Knoxville Habitat to build their homes. These families then purchase the homes at an affordable price with a 30-year, 0%-interest mortgage. This process helps local families to attain strength, stability, and independence, ultimately building a better life for themselves and their families.
This information is meant to be a general summary of Knoxville 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 2022.
- Investment Income: $139,810
- Program Service Revenue: $2,760,582
- Gross Receipts: $7,635,630
Assets and Liabilities:
- Total Assets: $15,712,472
- Total Liabilities: $3,318,525
- Net Assets: $12,393,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE SALES
Revenue
$1,353,350
HOMEOWNER MORTGAGES
Revenue
$838,533
MORTGAGE AMORTIZATION
Revenue
$568,699
Organization Details
Founding Year
1985
Phone
(865) 523-3539Principal Officer
Kelle Shultz
Main Address
PO BOX 27478, KNOXVILLE, TN, 37927
NTEE Category
Code: L20 - Housing
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