Overview
What is Habitat For Humanity Of Madsion And Clark Counties Ky Inc?
Habitat for Humanity of Madison and Clark Counties Ky Inc is a nonprofit organization located in Richmond, Kentucky, dedicated to addressing housing needs within the community. This ecumenical Christian ministry works in collaboration with individuals in need to construct simple, decent, and affordable homes. The organization's homes are sold at no profit to Habitat and are financed through 0% interest mortgages. Families are selected based on three criteria: demonstrating a need for housing, having the ability to pay low mortgage payments, and being willing to contribute sweat equity during the building process. The nonprofit employs around 30 individuals and operates on a mission to provide housing in partnership with God's people and the community.
Official website here: www.habitatmadisonclark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Stars
Habitat For Humanity of Madison and Clark Counties KY Inc has received a strong rating of 90%, which reflects its commitment to accountability and finance. The organization excels in various metrics, including having 100% independent board members and an impressive program expense ratio of 84.86%, indicating that a significant portion of funds is directed towards its programs. The financial oversight is robust, with no material diversion of assets noted, and the organization has a good track record of maintaining thorough financial documentation.
Despite its strengths, there are areas for improvement, particularly in the realm of organizational policies. The charity lacks a whistleblower policy, which may raise concerns regarding transparency and governance. Additionally, the Culture & Community score of 75 suggests there may be room for enhancement in fostering community engagement and organizational culture.
Overall, Habitat For Humanity of Madison and Clark Counties KY Inc demonstrates strong financial health and accountability, making it a reliable choice for potential donors. However, addressing its policy gaps could further strengthen its governance and community involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Madsion And Clark Counties Ky Inc legitimate?
Habitat For Humanity Of Madsion And Clark Counties Ky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Madsion And Clark Counties Ky 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $313,749
For more financial information, click here
Official website here: www.habitatmadisonclark.org
What is the mission statement of Habitat For Humanity Of Madsion And Clark Counties Ky Inc?
Habitat For Humanity of Madison and Clark Counties Ky Inc is a non-profit organization and an ecumenical Christian ministry committed to providing simple, decent, and affordable housing in partnership with their community and those in need, guided by their faith. The organization works in partnership with individuals in need to construct homes that are sold at no profit to Habitat and financed with 0% interest mortgages. Families selected by Habitat meet three criteria: they demonstrate a need for housing, have the ability to pay the low mortgage payments, and are willing to partner with Habitat by participating in Habitat programs and providing sweat equity in the building of their home.
Official website here: www.habitatmadisonclark.org
Who is the CEO of Habitat For Humanity Of Madsion And Clark Counties Ky Inc?
Larilynn Koury is the President of Habitat For Humanity Of Madsion And Clark Counties Ky Inc.
Official website here: www.habitatmadisonclark.org
What is the revenue of Habitat For Humanity Of Madsion And Clark Counties Ky Inc?
Habitat For Humanity Of Madsion And Clark Counties Ky Inc's revenue in 2022 was $1,379,839.
Official website here: www.habitatmadisonclark.org
Who are the executives of Habitat For Humanity Of Madsion And Clark Counties Ky Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Madsion And Clark Counties Ky Inc during 2022 was $10,458. There are 30 employees at Habitat For Humanity Of Madsion And Clark Counties Ky Inc.
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Official website here: www.habitatmadisonclark.org
Where can I find the form 990 for Habitat For Humanity Of Madsion And Clark Counties Ky Inc?
Habitat For Humanity Of Madsion And Clark Counties Ky Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatmadisonclark.org
Learn more at the official website: www.habitatmadisonclark.org
Mission Statement of Habitat For Humanity Of Madsion And Clark Counties Ky Inc
Habitat for Humanity of Madison and Clark Counties Ky Inc, a non-profit organization and ecumenical Christian ministry, is committed to providing simple, decent, and affordable housing in partnership with their community and God's people in need. Their mission is focused on working together with individuals who are in need to construct homes that are both practical and within their financial means. The organization sells these homes to eligible families at no profit to Habitat, utilizing 0% interest mortgages.
To be considered for a Habitat home, families must meet three criteria: they must demonstrate a need for housing, have the ability to pay the modest mortgage payments, and be willing to partner with Habitat. This partnership involves participating in Habitat programs and providing sweat equity in the construction of their new home. By working together, Habitat for Humanity of Madison and Clark Counties Ky Inc aims to provide a stable living environment and help families build a brighter future.
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Impact
July, 2024
Habitat For Humanity Of Madison And Clark Counties Ky Inc's impact lies in its commitment to providing simple, decent, and affordable housing in partnership with the community and individuals in need. By working closely with families in need, this organization offers the opportunity to own a home through 0% interest mortgages, ensuring that these homes are sold at no profit. Habitat families are selected based on criteria that include demonstrating the need for housing, the ability to make low mortgage payments, and a willingness to partner with Habitat.
Through this unique approach, Habitat For Humanity Of Madison And Clark Counties Ky Inc empowers families by providing them with stable and secure housing while also fostering a sense of community and ownership. Additionally, by requiring sweat equity from the families in building their own homes, Habitat fosters a spirit of collaboration and hard work within the community. Overall, this organization's impact is transformative, offering a path to homeownership and stability for families in need.
This information is meant to be a general summary of Habitat For Humanity Of Madsion And Clark Counties Ky 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.
- Program Service Revenue: $977,325
- Gross Receipts: $1,379,839
Assets and Liabilities:
- Total Assets: $1,706,556
- Total Liabilities: $146,866
- Net Assets: $1,559,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$543,029
TRANSFERS TO HOMEOWNERS
Revenue
$259,241
MORTGAGE LOAN DISCOUNTS
Revenue
$171,131
ALUMINUM CAN EVENT
Revenue
$3,924
Organization Details
Founding Year
1987
Principal Officer
Larilynn Koury
Main Address
PO BOX 186, RICHMOND, KY, 40476
Website
www.habitatmadisonclark.orgNTEE Category
Code: L202 - Housing
If you are a representative of Habitat For Humanity Of Madsion And Clark Counties Ky 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.