Overview
What is Habitat For Humanity Of Greater Memphis?
Habitat for Humanity of Greater Memphis is a nonprofit organization dedicated to constructing homes for low-income families. The organization, based in Memphis, Tennessee (38125), builds homes through partnerships with local, civic, and community donors, as well as additional funding from the HUD, specifically for low-income housing. Homes are built in existing or new community developments to help families establish a community atmosphere and set the foundation for their success. Habitat for Humanity works in partnership with God and people everywhere to develop communities and provide decent homes for people, enabling them to live and grow into their full potential. As an international ecumenical Christian housing ministry, Habitat for Humanity aims to eliminate substandard housing and make safe, healthy, and affordable shelter for all people a matter of conscience and action. By not charging interest or profit on mortgages and keeping construction costs low through volunteer labor, home ownership becomes an achievable dream for families who would not otherwise have the opportunity. The organization employs a team of 54 individuals to carry out its mission.
Official website here: www.memphishabitat.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Star Rating
Habitat For Humanity Of Greater Memphis has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 99% in Accountability & Finance, reflecting its commitment to transparency and responsible management of funds. The evaluation highlights that all board members are independent, showcasing a strong governance structure.
The organization excels in various financial metrics, such as a program expense ratio of 85%, which signifies that the majority of its expenditures are dedicated to its programs rather than administrative costs. Additionally, the absence of material diversion of assets and a well-maintained conflict of interest policy further solidify its integrity. The thorough audits and the availability of comprehensive financial statements contribute to its high score.
Despite the positive aspects, the overall score is based solely on the Accountability & Finance beacon, which may not reflect other dimensions such as program impact or community feedback. However, the strong governance and financial practices suggest that Habitat For Humanity Of Greater Memphis is well-managed and prioritizes its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Habitat For Humanity Of Greater Memphis?
90% of 63 reviewers on Facebook recommend this charity. Here’s a summary of their reviews:
Many individuals express gratitude for the services provided, particularly highlighting the Aging in Place program as a significant support in their lives. The sense of community and care from the staff resonates strongly, with multiple reviewers noting the friendly and considerate nature of the organization.
Overall, the sentiment reflects a deep appreciation for Habitat for Humanity of Greater Memphis and its impactful contributions. The nonprofit seems to effectively deliver on its promises, earning positive feedback from those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Habitat For Humanity Of Greater Memphis legitimate?
Habitat For Humanity Of Greater Memphis is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Greater Memphis 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: $356,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,279,974
For more financial information, click here
Official website here: www.memphishabitat.com
What is the mission statement of Habitat For Humanity Of Greater Memphis?
Habitat for Humanity is an international ecumenical Christian housing ministry, working in partnership with individuals and communities in need to build decent homes and communities. Their mission is to eliminate substandard housing and provide safe, healthy, and affordable shelter for all people. Habitat for Humanity makes homeownership achievable for families who might not otherwise have the opportunity, by not charging interest or profit on mortgages and keeping construction costs low through volunteer labor. Through this work, Habitat for Humanity strives to bring people closer to fulfilling "The American Dream."
Official website here: www.memphishabitat.com
Who is the CEO of Habitat For Humanity Of Greater Memphis?
Dwayne Spencer is the Member-At-Large of Habitat For Humanity Of Greater Memphis. The CEO's salary of Habitat For Humanity Of Greater Memphis is $205,734 and their total compensation is $219,549.
Official website here: www.memphishabitat.com
What is the revenue of Habitat For Humanity Of Greater Memphis?
Habitat For Humanity Of Greater Memphis's revenue in 2022 was $20,354,401.
Official website here: www.memphishabitat.com
Who are the executives of Habitat For Humanity Of Greater Memphis and what are their salaries?
The average compensation at Habitat For Humanity Of Greater Memphis during 2022 was $48,826. There are 54 employees and 1000 volunteers at Habitat For Humanity Of Greater Memphis.
Here are 22 key members and their salaries (Habitat For Humanity Of Greater Memphis's CEO's salary is $205,734 and their total compensation is $219,549):
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- Compensation: $205,734
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- Other: $11,302
Official website here: www.memphishabitat.com
Where can I find the form 990 for Habitat For Humanity Of Greater Memphis?
Habitat For Humanity Of Greater Memphis's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphishabitat.com
Learn more at the official website: www.memphishabitat.com
Mission Statement of Habitat For Humanity Of Greater Memphis
Habitat for Humanity of Greater Memphis is a faith-based organization that collaborates with God and people to build communities where individuals in need can reside in safe and healthy homes. This ecumenical Christian housing ministry aspires to eliminate substandard housing and provide affordable shelter for all, charging no interest or profit on mortgages to help families achieve homeownership. The organization's mission is centered on making a difference in people's lives by constructing decent homes for those who may not have the means to do so otherwise. By utilizing volunteer labor to keep construction costs low, Habitat for Humanity of Greater Memphis brings communities together and empowers families to live and grow into their full potential.
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Impact
October, 2024
Habitat for Humanity of Greater Memphis significantly impacts the community by addressing the critical need for safe, decent, and affordable housing for low-income families. By constructing homes through local sponsorships and donations, they create opportunities for families to own homes that might otherwise be out of reach. This initiative not only provides stability and security for families but also fosters a sense of community through the development of vibrant neighborhoods.
The organization effectively utilizes volunteer labor to keep construction costs low, allowing them to offer interest-free mortgages to families and make homeownership accessible. By partnering with families in need, Habitat for Humanity empowers them to build a brighter future, contributing to personal growth and success. The presence of these homes enhances community development, enabling families to thrive in environments that nurture their potential and facilitate their aspirations.
Through these efforts, Habitat for Humanity of Greater Memphis plays a vital role in eliminating substandard housing, creating a significant ripple effect that transforms lives and strengthens communities.
This information is meant to be a general summary of Habitat For Humanity Of Greater Memphis. 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: $656,608
- Program Service Revenue: $825,019
- Gross Receipts: $20,707,947
Assets and Liabilities:
- Total Assets: $26,549,667
- Total Liabilities: $12,997,087
- Net Assets: $13,552,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF HOUSES
Revenue
$807,791
RENTAL INCOME/TEMP OCCUPANCY AGRE
Revenue
$17,228
Organization Details
Founding Year
1983
Phone
(901) 761-4771Principal Officer
Dwayne Spencer
Main Address
7136 WINCHESTER, MEMPHIS, TN, 38125
Website
www.memphishabitat.comNTEE Category
Code: L20Z - Housing
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