Overview
What is Habitat For Humanity Of Marion County Inc?
Habitat for Humanity of Marion County Inc, located in Ocala, Florida, is a dedicated nonprofit organization with a mission to provide affordable housing and create homeownership opportunities for disadvantaged families. As evidenced by the completion of 5 homes and ongoing construction on 15 more properties at year-end, the organization is actively engaged in fulfilling this mission. With a workforce of 66 individuals, the nonprofit operates with the goal of making homeownership attainable for families in need, thereby enhancing their living standards and contributing positively to the local community.
Official website here: www.habitatocala.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Stars)
Habitat For Humanity Of Marion County Inc has received a 68% rating from Charity Navigator, which translates to a Two-Star rating. This score reflects the organization's performance in accountability and finance, where it demonstrates strong governance practices, such as having a fully independent board and no material diversion of assets. The charity also effectively documents board meeting minutes and has established policies for conflicts of interest and whistleblowing, contributing positively to its overall accountability.
Despite the strengths in governance, the organization faces challenges in its financial metrics, particularly in its program expense ratio, which stands at 60%. This figure indicates that a significant portion of its expenses is not allocated to direct programs, raising concerns about the effectiveness of its operations. Moreover, the fundraising efficiency ratio is notably low at $0.46, suggesting higher costs associated with fundraising efforts as compared to the funds raised.
Overall, while Habitat For Humanity Of Marion County Inc demonstrates solid governance and transparency in its operations, improvements in its financial efficiency and fundraising practices would enhance its sustainability and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Marion County Inc legitimate?
Habitat For Humanity Of Marion County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Marion 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: $87,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,221,312
For more financial information, click here
Official website here: www.habitatocala.org
What is the mission statement of Habitat For Humanity Of Marion County Inc?
Habitat For Humanity of Marion County Inc is committed to constructing affordable housing and providing opportunities for homeownership for families in need. Their mission is to make a significant impact in this area, as evidenced by the completion of five homes for families in need and ongoing construction on fifteen more homes at the end of the year. The organization's efforts aim to improve the living conditions and prospects of these families, contributing to a stronger and more equitable community.
Official website here: www.habitatocala.org
Who is the CEO of Habitat For Humanity Of Marion County Inc?
Dave Layman is the Chairwomen of Habitat For Humanity Of Marion County Inc.
Official website here: www.habitatocala.org
What is the revenue of Habitat For Humanity Of Marion County Inc?
Habitat For Humanity Of Marion County Inc's revenue in 2022 was $3,117,826.
Official website here: www.habitatocala.org
Who are the executives of Habitat For Humanity Of Marion County Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Marion County Inc during 2022 was $19,825. There are 66 employees and 1172 volunteers at Habitat For Humanity Of Marion County Inc.
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- Compensation: $81,489
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Official website here: www.habitatocala.org
Where can I find the form 990 for Habitat For Humanity Of Marion County Inc?
Habitat For Humanity Of Marion County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatocala.org
Learn more at the official website: www.habitatocala.org
Mission Statement of Habitat For Humanity Of Marion County Inc
Habitat for Humanity of Marion County Inc, a dedicated nonprofit organization, is committed to constructing affordable housing and providing homeownership opportunities for families in need. Their primary mission is to alleviate housing challenges faced by numerous families, offering them a chance to secure a stable and affordable living space. The organization has showcased its dedication through the completion of five homes for deserving families, while also having construction in progress on 15 additional homes at the end of the year. This ongoing endeavor underscores Habitat for Humanity of Marion County Inc's unwavering commitment to improving the lives of families in need by providing them with the foundation of a secure home.
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Impact
July, 2024
Habitat For Humanity Of Marion County Inc has directly impacted the community by completing the construction of 5 homes for families in need. Additionally, construction was in progress on 15 more homes for disadvantaged families by the end of the year. This organization's mission to build affordable housing and create homeownership opportunities for those in need is making a tangible difference in Ocala, Florida.
This information is meant to be a general summary of Habitat For Humanity Of Marion 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: -$10,766
- Program Service Revenue: $1,048,069
- Gross Receipts: $3,281,150
Assets and Liabilities:
- Total Assets: $6,356,340
- Total Liabilities: $1,681,145
- Net Assets: $4,675,195
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Homewoner Transfers
Revenue
$815,956
Mortgage Amortization
Revenue
$232,113
Organization Details
Founding Year
1989
Phone
(352) 351-4463Principal Officer
Dave Layman
Main Address
PO Box 5578, Ocala, FL, 344785578
Website
www.habitatocala.orgNTEE Category
Code: L20 - Housing
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