Overview
What is Habitat For Humanity - Sanford Area?
Habitat for Humanity - Sanford Area is a dedicated nonprofit organization located in Sanford, North Carolina. Their primary mission is to construct and provide affordable homes to individuals and families who might otherwise struggle to purchase a residence. They believe in the importance of a decent living space for everyone, and this principle underpins their work in building strong, stable communities. The organization's operations involve partnering with families who earn too much income to qualify for government assistance but still cannot afford a mortgage. These families work alongside volunteers to build their homes, thereby reducing the overall construction cost. In addition, Habitat for Humanity - Sanford Area offers affordable mortgages at zero interest to these families. This unique approach empowers families to become homeowners, contributing to community development. The nonprofit's workforce consists of 31 dedicated individuals, demonstrating their commitment to addressing the housing needs of their community. The organization's mission not only provides a decent living space but also contributes to the overall stability and growth of the community.
Official website here: www.habitatsanfordnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Habitat For Humanity - Sanford Area has achieved a commendable Four-Star rating from Charity Navigator, with a high overall score of 96%. This rating reflects the organization's strong commitment to accountability and finance, as indicated by its perfect score in these categories. The charity's management structure is robust, featuring a fully independent board, which enhances its governance and decision-making processes.
The organization demonstrates excellent financial health, with an impressive program expense ratio of 83.84%, indicating that a significant portion of its funds directly supports its mission-related activities. Furthermore, the charity has established effective policies for conflict of interest, whistleblower protections, and document retention, which are crucial for maintaining transparency and trust with donors and stakeholders.
While the data highlights many strengths, it is essential for potential supporters to consider that the rating is based solely on financial accountability metrics. While this showcases fiscal responsibility, it doesn't delve into programmatic outcomes or community impact, which are also vital components of a well-rounded nonprofit evaluation. Overall, Habitat For Humanity - Sanford Area stands out for its operational integrity and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity - Sanford Area legitimate?
Habitat For Humanity - Sanford Area is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity - Sanford Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $384,551
For more financial information, click here
Official website here: www.habitatsanfordnc.org
What is the mission statement of Habitat For Humanity - Sanford Area?
Habitat for Humanity, in its mission, aims to provide affordable housing solutions for families who, under typical circumstances, would be unable to purchase homes on their own due to financial constraints. The organization works specifically with low-income families who earn more than the threshold for government assistance but less than enough to secure a mortgage. Unlike traditional housing providers, Habitat for Humanity does not require down payments or charge interest on its mortgages. Instead, partner families contribute to the construction of their homes through sweat equity and subsequently pay affordable mortgage installments. This collaborative approach not only reduces the cost of building the homes but also empowers families to become homeowners.
Official website here: www.habitatsanfordnc.org
Who is the CEO of Habitat For Humanity - Sanford Area?
Kimberly Rau is the Executive Di of Habitat For Humanity - Sanford Area.
Official website here: www.habitatsanfordnc.org
What is the revenue of Habitat For Humanity - Sanford Area?
Habitat For Humanity - Sanford Area's revenue in 2023 was $941,272.
Official website here: www.habitatsanfordnc.org
Who are the executives of Habitat For Humanity - Sanford Area and what are their salaries?
The average compensation at Habitat For Humanity - Sanford Area during 2023 was $12,405. There are 31 employees at Habitat For Humanity - Sanford Area.
Here are 8 key members and their salaries:
- Compensation: $80,077
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.habitatsanfordnc.org
Where can I find the form 990 for Habitat For Humanity - Sanford Area?
Habitat For Humanity - Sanford Area's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.habitatsanfordnc.org
Learn more at the official website: www.habitatsanfordnc.org
Mission Statement of Habitat For Humanity - Sanford Area
Habitat for Humanity - Sanford Area is committed to providing affordable housing solutions for families who, under ordinary circumstances, would struggle to purchase homes on their own. This nonprofit organization operates on the belief that every individual deserves a decent place to live and that strong, stable homes contribute to the development of robust and secure communities.
The organization's mission is centered around partnering with low-income families. These families earn the homes they build through sweat equity and by making affordable mortgage payments, with the added benefit of not having to pay interest on their mortgages. By engaging volunteer builders and reducing construction costs, Habitat for Humanity - Sanford Area is able to offer these families an opportunity to own their homes at a significantly lower cost. This approach not only provides families with a safe and secure living space but also contributes to the overall well-being of the community.
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Impact
July, 2024
Habitat For Humanity - Sanford Area's impact is profound in providing affordable housing opportunities to low-income families who would otherwise struggle to purchase a home. By offering a 0% interest mortgage and engaging partner families in the construction process, Habitat For Humanity reduces the cost of building homes and empowers families to achieve homeownership. This initiative not only addresses the housing needs of the community but also contributes to the development of strong and stable neighborhoods. Through their unique approach, Habitat For Humanity is creating a positive impact by ensuring that every child has a stable start in a safe and secure home, ultimately fostering stronger and more resilient communities.
This information is meant to be a general summary of Habitat For Humanity - Sanford Area. 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: $13,697
- Gross Receipts: $1,659,617
Assets and Liabilities:
- Total Assets: $2,469,267
- Total Liabilities: $32,201
- Net Assets: $2,437,066
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Organization Details
Founding Year
1989
Phone
(919) 774-6767Principal Officer
Kimberly Rau
Main Address
PO BOX 3821, SANFORD, NC, 27331
Website
www.habitatsanfordnc.orgNTEE Category
Code: L20Z - Housing
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