Overview
What is Habitat For Humanity Of Greater Volusia County Inc?
Habitat for Humanity of Greater Volusia County Inc is a local, faith-based, non-profit organization in Florida, affiliated with Habitat for Humanity International. Their mission revolves around partnering with families in need to construct and renovate affordable homes. They prioritize selling these houses to eligible individuals at no profit, with no interest charged. The majority of the labor is provided by volunteers, while financial and material support comes from individual donors, faith groups, and corporations. Families who qualify contribute 'sweat equity' by investing hundreds of hours of labor into building their homes and those of others. Additionally, Habitat for Humanity offers long-term education programs to ensure the success of their homeowners, involving staff members, committee members, and local community experts. The profits from mortgage payments are recycled to support the construction of future homes, thus benefiting multiple families.
Official website here: www.habitatgvc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Habitat For Humanity Of Greater Volusia County Inc has achieved an impressive rating of 95% on Charity Navigator, reflecting a strong commitment to accountability and finance. The score is derived entirely from their accountability metrics, indicating that the organization demonstrates excellent governance and financial management practices, including a fully independent board and thorough audit processes.
The organization excels in several key areas, such as having no material diversion of assets, high program expense ratios, and a robust working capital ratio, ensuring that the majority of funds are directed towards their mission. Their transparency is evident with policies like whistleblower and conflict of interest listed, and they maintain clear documentation of board meetings, which enhances trust among stakeholders.
However, the fundraising efficiency ratio is notably low at $0.012, indicating that while they effectively manage their funds, there may be areas for improvement in their fundraising strategies. Overall, Habitat For Humanity Of Greater Volusia County Inc stands out as a financially responsible nonprofit making a significant impact in their community.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Greater Volusia County Inc legitimate?
Habitat For Humanity Of Greater Volusia County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Greater Volusia County 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: $81,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $402,710
For more financial information, click here
Official website here: www.habitatgvc.org
What is the mission statement of Habitat For Humanity Of Greater Volusia County Inc?
Habitat For Humanity of Greater Volusia County Inc, a local affiliate of Habitat for Humanity International, operates as a non-profit, ecumenical Christian housing organization. Their primary mission is to provide affordable housing solutions by partnering with individuals in need. The organization sells these houses to eligible buyers at no profit, with no interest charged. The majority of the labor for building or renovating these houses is provided by volunteers. Financial and material support comes from individual donors, faith organizations, and corporations. The partner families themselves invest a significant amount of effort, known as "sweat equity," into the construction of their homes and those of others. The mortgage payments made by these families form a revolving fund for humanity, which is used to build more houses.
Official website here: www.habitatgvc.org
Who is the CEO of Habitat For Humanity Of Greater Volusia County Inc?
Lori M Gillooly is the Ceo of Habitat For Humanity Of Greater Volusia County Inc. The CEO's salary of Habitat For Humanity Of Greater Volusia County Inc is $81,540 and their total compensation is $95,424.
Official website here: www.habitatgvc.org
What is the revenue of Habitat For Humanity Of Greater Volusia County Inc?
Habitat For Humanity Of Greater Volusia County Inc's revenue in 2022 was $2,408,068.
Official website here: www.habitatgvc.org
Who are the executives of Habitat For Humanity Of Greater Volusia County Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Greater Volusia County Inc during 2022 was $15,621. There are 31 employees and 554 volunteers at Habitat For Humanity Of Greater Volusia County Inc.
Here are 14 key members and their salaries (Habitat For Humanity Of Greater Volusia County Inc's CEO's salary is $81,540 and their total compensation is $95,424):
- Compensation: $81,540
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- Other: $13,884
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Official website here: www.habitatgvc.org
Where can I find the form 990 for Habitat For Humanity Of Greater Volusia County Inc?
Habitat For Humanity Of Greater Volusia County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatgvc.org
Learn more at the official website: www.habitatgvc.org
Mission Statement of Habitat For Humanity Of Greater Volusia County Inc
Habitat for Humanity of Greater Volusia County Inc, a local affiliate of Habitat for Humanity International, is a non-profit ecumenical Christian housing organization with a mission to provide decent, affordable housing. This mission is achieved through a unique partnership model. The organization works hand in hand with individuals in need, helping them build or renovate their own homes. This is done with the help of volunteers, who provide the majority of the labor, and with the support of individual, faith, and corporate donors, who provide the necessary funds and materials.
The families who qualify to purchase these houses contribute to the building process by investing hundreds of hours of sweat equity. This means they put in their own labor, not just in building their own homes, but also in helping build homes for others. The mortgages paid by these families are then channeled into a revolving fund for humanity, which is used to construct more houses, thereby continuing the cycle of affordable housing provision. Habitat for Humanity of Greater Volusia County Inc's mission is thus a testament to its commitment to empowering individuals and families by providing them with a secure and affordable place to call home.
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Impact
July, 2024
Habitat For Humanity Of Greater Volusia County Inc's impact lies in providing affordable housing opportunities to families in need. Through their affordable home building program, Habitat completed 2 homes in the most recent fiscal year, which were sold to eligible families. These families purchase the homes from Habitat at no profit and receive a zero-interest mortgage, ensuring the affordability of their homes in the long term. Habitat also assists in securing down payment or first-time homebuyer assistance funding for qualified families, further reducing the financial burden.
Additionally, Habitat's model of "sweat equity" involves partner families investing hundreds of hours of labor into building their homes and those of others, creating a sense of community involvement and ownership. As families make their mortgage payments, the funds are utilized to support the construction of future Habitat homes, creating a sustainable cycle of support for more families in need.
Furthermore, Habitat For Humanity Of Greater Volusia County Inc places a strong emphasis on providing education and support to homeowners, ensuring their long-term success in homeownership. This is achieved through involvement from staff, committee members, and local community experts to facilitate ongoing education programs.
In summary, Habitat For Humanity Of Greater Volusia County Inc's impact is significant, not only in providing affordable housing to families but also in fostering a sense of community involvement, sustainable homeownership, and empowering families to build a better future for themselves and their communities.
This information is meant to be a general summary of Habitat For Humanity Of Greater Volusia County 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: $13,597
- Program Service Revenue: $1,033,641
- Gross Receipts: $2,991,316
Assets and Liabilities:
- Total Assets: $5,172,271
- Total Liabilities: $70,088
- Net Assets: $5,102,183
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TO HOMEOWNERS
Revenue
$868,542
DISCOUNT AMORTIZATION
Revenue
$165,099
Organization Details
Founding Year
1986
Phone
(386) 257-9950Principal Officer
Lori M Gillooly
Main Address
1030 W INTL SPEEDWAY BLVD 2ND FLO, DAYTONA BEACH, FL, 32114
Website
www.habitatgvc.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Habitat For Humanity Of Greater Volusia County Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.