Overview
What is Tacomapierce County Habitat For Humanity?
Tacomapierce County Habitat for Humanity is a faith-based, nonprofit organization based in Tacoma, Washington. With a team of 72 employees, they have been building, owning, and maintaining decent, affordable homes for families in need since 1985. They have served over 1965 adults and 949 children by constructing, rehabilitating, or repairing over 318 homes. The organization believes in the power of families working side by side with volunteers to create a better future for themselves. Each year, nearly 900 volunteers contribute to the cause, helping to keep construction costs low and making Habitat one of the most affordable housing solutions. Families earning between 30-80% of the area median income are eligible for Habitat's affordable homeownership opportunities. Homeowners must meet the organization's requirements of need, willingness to partner, and ability to pay, committing to a minimum of 200 hours of sweat equity and an affordable monthly mortgage that doesn't exceed 30% of their income. Tacomapierce County Habitat offers housing counseling, critical home repairs, and global housing projects to help families achieve stability and independence. They are funded through grants, donations, home sales, and retail store profits, with three retail stores in Tacoma, Puyallup, and Lakewood. The organization goes beyond just providing a roof, aiming to establish strong foundations for vibrant communities and a stable financial future for generations.
Official website here: www.tpc-habitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 93% - Four-Star out of Four Star Rating
Tacomapierce County Habitat For Humanity has achieved a high rating of 93% on Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization boasts an independent board with all members being external, which enhances its governance and transparency. The financial oversight is robust, with no material diversion of assets and a high program expense ratio indicating that most funds are directed towards its mission.
The organization's fundraising efficiency is impressive, with a minimal cost of just $0.08 to raise one dollar, which signifies effective resource management. Additionally, it maintains a working capital ratio of 1.62 years, showcasing its financial stability and ability to sustain operations without immediate reliance on incoming funds. These attributes contribute to a trustworthy reputation among donors and stakeholders.
However, while the organization scores well in most areas, its liabilities to assets ratio could be seen as an area for improvement, sitting at 43.43%. This suggests that while the organization is managing its finances well, there may be room to enhance its asset management in relation to its liabilities. Overall, Tacomapierce County Habitat For Humanity presents as a reliable nonprofit committed to its mission with sound financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Tacomapierce County Habitat For Humanity legitimate?
Tacomapierce County Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tacomapierce County 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: $289,695
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,674,604
For more financial information, click here
Official website here: www.tpc-habitat.org
What is the mission statement of Tacomapierce County Habitat For Humanity?
Tacomapierce County Habitat for Humanity is a faith-based organization dedicated to constructing simple, decent, and affordable homes for families in need. Through partnerships with families, churches, corporations, community organizations, and volunteers, the organization builds and sells homes, offering affordable ownership opportunities. Homeowners contribute through a combination of sweat equity and monthly mortgage payments, ensuring a sense of pride and self-reliance. The organization also provides housing counseling and critical home repair services, offering assistance to families navigating homeownership and maintaining safe living conditions. Tacomapierce County Habitat for Humanity's mission extends beyond its local community, with opportunities for volunteers to engage in global housing projects. The organization's funding comes from grants, donations, home sales, and retail store profits, which help build more affordable homes and support the organization's mission.
Official website here: www.tpc-habitat.org
Who is the CEO of Tacomapierce County Habitat For Humanity?
Maureen Fife is the President of Tacomapierce County Habitat For Humanity. The CEO's salary of Tacomapierce County Habitat For Humanity is $133,289 and their total compensation is $154,981.
Official website here: www.tpc-habitat.org
What is the revenue of Tacomapierce County Habitat For Humanity?
Tacomapierce County Habitat For Humanity's revenue in 2022 was $12,307,277.
Official website here: www.tpc-habitat.org
Who are the executives of Tacomapierce County Habitat For Humanity and what are their salaries?
The average compensation at Tacomapierce County Habitat For Humanity during 2022 was $27,282. There are 72 employees and 890 volunteers at Tacomapierce County Habitat For Humanity.
Here are 20 key members and their salaries (Tacomapierce County Habitat For Humanity's CEO's salary is $133,289 and their total compensation is $154,981):
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- Other: $6,692
Official website here: www.tpc-habitat.org
Where can I find the form 990 for Tacomapierce County Habitat For Humanity?
Tacomapierce County Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tpc-habitat.org
Learn more at the official website: www.tpc-habitat.org
Mission Statement of Tacomapierce County Habitat For Humanity
Tacomapierce County Habitat for Humanity is a faith-based organization that collaborates with families in need to construct, own, and maintain decent, affordable homes in secure communities. Founded in 1985, this Christian charity has built, rehabilitated, or repaired over 318 homes, serving over 1965 adults and 949 children. Through partnerships with families, churches, corporations, community organizations, and individuals, Tacomapierce County Habitat for Humanity enables families to achieve the strength, stability, and self-reliance they need to improve their lives. Each year, nearly 900 volunteers contribute their time and effort to build homes, work in the office, and support the organization's retail stores.
Tacomapierce County Habitat for Humanity offers affordable housing opportunities for families earning between 30-80% of the area median income. To be eligible for the program, applicants must demonstrate a need, a willingness to partner, and the ability to pay. Homeowners pay an affordable monthly mortgage that does not exceed 30% of their income and commit a minimum of 200 hours of sweat equity to building their home and their Habitat neighbors'. Tacomapierce County Habitat for Humanity builds and sells approximately 8-12 new homes every year. All Habitat homes feature energy-efficient appliances, water-conserving low-flow plumbing fixtures, insulation exceeding building code requirements, and high-performance windows to ensure they are economical to heat.
In addition to homeownership, Tacomapierce County Habitat for Humanity provides housing counseling and critical home repair services. The organization became a HUD-certified housing counseling agency in 2020 and offers pre-purchase counseling, homebuyer education, and non-delinquent post-purchase services. Tacomapierce County Habitat for Humanity also provides home repair and modifications to homeowners, seniors, veterans, and persons with disabilities, helping them maintain a safe and livable home and age in place gracefully and independently. Tacomapierce County Habitat for Humanity is funded through grants, donations, proceeds from home sales, homeowner mortgage payments, and profits from its retail stores.
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Impact
October, 2024
Tacomapierce County Habitat For Humanity has a profound impact on the community by providing low-income families with the opportunity to build, own, and maintain affordable homes in safe neighborhoods. Since its founding in 1985, the organization has constructed, rehabilitated, or repaired over 318 homes, directly benefiting more than 1,965 adults and 949 children. This work fosters strength, stability, and self-reliance among Habitat homeowners, empowering them to improve their living conditions and build better futures for their families.
The organization creates pathways to homeownership for families earning between 30-80% of the area median income, ensuring they can afford their monthly mortgage payments, which are capped at 30% of their income. These families also contribute a minimum of 200 hours through "sweat equity," actively participating in the construction of their homes and community.
Additionally, Tacomapierce County Habitat For Humanity plays a crucial role in offering housing counseling services, guiding families through the complexities of homeownership. Their commitment extends to critical home repairs for seniors, veterans, and individuals with disabilities, helping them maintain safe and livable environments.
The inclusion of global volunteer opportunities allows community members to participate in housing initiatives beyond local boundaries, fostering a sense of global solidarity and cultural exchange. With the support of nearly 900 volunteers each year and funding from various sources, the organization continues to address housing needs while promoting community engagement and economic stability. Ultimately, Tacomapierce County Habitat For Humanity not only constructs homes but also strengthens the fabric of its community, laying a strong foundation for healthier, more vibrant neighborhoods.
This information is meant to be a general summary of Tacomapierce County 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: $112,111
- Program Service Revenue: $1,398,857
- Gross Receipts: $15,058,597
Assets and Liabilities:
- Total Assets: $17,866,914
- Total Liabilities: $7,843,062
- Net Assets: $10,023,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF HOMES
Revenue
$1,215,438
DISCOUNT AMORTIZATION
Revenue
$183,419
Organization Details
Founding Year
1986
Phone
(253) 627-5626Principal Officer
Maureen Fife
Main Address
4824 S TACOMA WAY, TACOMA, WA, 98409
Website
www.tpc-habitat.orgNTEE Category
Code: L20Z - Housing
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