Overview
What is Sandy Valley Habitat For Humanity?
Sandy Valley Habitat for Humanity is a compassionate nonprofit organization situated in Pikeville, Kentucky. Their primary mission is to provide affordable housing solutions for those in need. Through construction efforts, they have recently built four homes and are progressing with the development of additional land, aiming to construct approximately 19 homes. This nonprofit organization sells these homes at cost, requiring a minimal down payment and interest-free mortgages, making homeownership attainable for many families. Their workforce consists of just two dedicated individuals, yet their impact on the community is significant.
Official website here: www.svhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Sandy Valley Habitat for Humanity has received a favorable rating of 83%, indicating a solid performance in accountability and finance. This rating is based entirely on their financial practices, reflecting their commitment to transparency and responsible management of funds. The organization has scored particularly well in areas such as having a majority of independent board members and maintaining a low liabilities to assets ratio.
Strengths highlighted in the evaluation include a high program expense ratio of 85.05%, which suggests that a significant portion of their funds is directed towards their mission-related activities rather than administrative costs. Additionally, all board members are independent, which contributes to a governance structure that minimizes conflicts of interest. However, noted limitations include the absence of a whistleblower policy and document retention guidelines, which could impact their operational accountability.
Overall, Sandy Valley Habitat for Humanity demonstrates a strong commitment to financial responsibility and effective board governance. While improvements in certain policy areas could enhance their accountability, the organization remains a reliable choice for donors looking to support housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Sandy Valley Habitat For Humanity legitimate?
Sandy Valley Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sandy Valley 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: $20,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,668
For more financial information, click here
Official website here: www.svhabitat.org
What is the mission statement of Sandy Valley Habitat For Humanity?
Sandy Valley Habitat for Humanity is committed to providing affordable housing solutions for those in need. They achieve this by constructing homes and selling them at cost, requiring a nominal down payment and offering interest-free mortgages. This organization's mission is to make homeownership attainable for families who might otherwise struggle with housing expenses. By undertaking projects such as building single-family homes and developing raw land, Sandy Valley Habitat for Humanity has helped two families become homeowners so far.
Official website here: www.svhabitat.org
Who is the CEO of Sandy Valley Habitat For Humanity?
Steven Hogg is the President of Sandy Valley Habitat For Humanity.
Official website here: www.svhabitat.org
What is the revenue of Sandy Valley Habitat For Humanity?
Sandy Valley Habitat For Humanity's revenue in 2022 was $528,748.
Official website here: www.svhabitat.org
Who are the executives of Sandy Valley Habitat For Humanity and what are their salaries?
The average compensation at Sandy Valley Habitat For Humanity during 2022 was $34,584. There are 2 employees and 85 volunteers at Sandy Valley Habitat For Humanity.
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Official website here: www.svhabitat.org
Where can I find the form 990 for Sandy Valley Habitat For Humanity?
Sandy Valley Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svhabitat.org
Learn more at the official website: www.svhabitat.org
Mission Statement of Sandy Valley Habitat For Humanity
Sandy Valley Habitat for Humanity is committed to providing affordable housing solutions to those in need. They achieve this by constructing homes and selling them at cost, requiring only a nominal down payment and interest-free mortgages from the families purchasing the properties. This unique approach allows low-income families to secure a place to call their own, fostering stability and a sense of community. Through this mission, Sandy Valley Habitat for Humanity has already begun construction on four single-family homes and is in the process of developing raw land, which will eventually support the construction of approximately 19 more homes. The organization has also successfully sold two homes to partner families, furthering its mission to make affordable housing a reality for deserving families.
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Impact
July, 2024
Sandy Valley Habitat For Humanity's impact includes beginning construction on four single-family homes and continuing the development of raw land to build approximately 19 homes in total. They have sold two homes to partner families, providing affordable housing opportunities to those in need. Their mission to construct homes and sell them at cost with nominal down payments and interest-free mortgages directly benefits families in Pikeville, KY, helping them achieve stable housing arrangements. Their focus on housing aligns with their tag as "Housing," indicating their dedication to this important cause.
This information is meant to be a general summary of Sandy Valley 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: $76,032
- Program Service Revenue: $332,216
- Gross Receipts: $528,748
Assets and Liabilities:
- Total Assets: $2,420,601
- Total Liabilities: $139,149
- Net Assets: $2,281,452
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$332,216
Organization Details
Founding Year
1992
Principal Officer
Steven Hogg
Main Address
PO Box 281, Pikeville, KY, 41502
Website
www.svhabitat.orgNTEE Category
Code: L20 - Housing
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