Overview
What is Habitat For Humanity Of Greater Chattanooga Area Inc?
Habitat for Humanity of Greater Chattanooga Area Inc. is a dedicated nonprofit organization based in Chattanooga, Tennessee. With a strong mission, they collaborate with local businesses, churches, and community organizations to construct affordable homes for low-income families. Their programs primarily revolve around land acquisition, home design and construction, volunteer management, and providing these homes at no profit, supported by zero-interest loans. The organization's work aims to transform the city by building simple, decent, and safe houses for deserving families, fostering authentic community growth. With a team of 44 dedicated individuals, Habitat for Humanity of Greater Chattanooga Area Inc. is committed to making a significant impact in the lives of those in need.
Official website here: www.habichatt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Habitat for Humanity of Greater Chattanooga Area Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting an impressive score of 97%. This rating is derived solely from their Accountability & Finance metrics, indicating a strong commitment to financial transparency and responsible management practices. The organization scored exceptionally well across various criteria, including the independence of its board members and the absence of any material diversion of assets, showcasing a robust governance structure.
Strengths of the organization include an independent board composed entirely of members without conflicts of interest, and a high program expense ratio of 85.95%, which indicates that a significant portion of its budget is dedicated to its mission-driven activities. Additionally, the charity demonstrates strong fundraising efficiency, managing to raise funds with minimal expenses, and maintaining a healthy working capital ratio of 1.33 years. These factors point to effective resource management, ensuring that donor contributions are maximally utilized for community impact.
While the financial metrics paint a positive picture, it is important for potential donors to remain mindful of the challenges faced by nonprofits in sustaining operations and meeting community needs. Continuous engagement with stakeholders and adaptation to changing circumstances will be key for Habitat for Humanity of Greater Chattanooga Area Inc to maintain its high standards and further its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Greater Chattanooga Area Inc legitimate?
Habitat For Humanity Of Greater Chattanooga Area Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Greater Chattanooga Area 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: $290,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $752,361
For more financial information, click here
Official website here: www.habichatt.org
What is the mission statement of Habitat For Humanity Of Greater Chattanooga Area Inc?
Habitat for Humanity of Greater Chattanooga Area Inc. fosters collaboration among businesses, churches, and community organizations to construct affordable and safe homes for low-income families. Their primary goal is to spark transformation in the community by partnering with these families to build decent living spaces. The organization's main program involves land acquisition, home design and construction, volunteer management, and related efforts. At the completion of these projects, the homes are sold to eligible families through zero-interest loans, ensuring they remain affordable.
Official website here: www.habichatt.org
Who is the CEO of Habitat For Humanity Of Greater Chattanooga Area Inc?
Jens Christensen is the Past Board Chairperson of Habitat For Humanity Of Greater Chattanooga Area Inc. The CEO's salary of Habitat For Humanity Of Greater Chattanooga Area Inc is $121,635 and their total compensation is $139,215.
Official website here: www.habichatt.org
What is the revenue of Habitat For Humanity Of Greater Chattanooga Area Inc?
Habitat For Humanity Of Greater Chattanooga Area Inc's revenue in 2023 was $3,356,702.
Official website here: www.habichatt.org
Who are the executives of Habitat For Humanity Of Greater Chattanooga Area Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Greater Chattanooga Area Inc during 2023 was $23,695. There are 44 employees and 1400 volunteers at Habitat For Humanity Of Greater Chattanooga Area Inc.
Here are 21 key members and their salaries (Habitat For Humanity Of Greater Chattanooga Area Inc's CEO's salary is $121,635 and their total compensation is $139,215):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $63,285
- Related: $0
- Other: $2,751
- Compensation: $121,635
- Related: $0
- Other: $17,580
- Compensation: $66,885
- Related: $0
- Other: $8,261
Official website here: www.habichatt.org
Where can I find the form 990 for Habitat For Humanity Of Greater Chattanooga Area Inc?
Habitat For Humanity Of Greater Chattanooga Area Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.habichatt.org
Learn more at the official website: www.habichatt.org
Mission Statement of Habitat For Humanity Of Greater Chattanooga Area Inc
Habitat for Humanity of Greater Chattanooga Area Inc, in its mission, brings together various community organizations, businesses, and churches to work in collaboration with low-income families. Their objective is to foster transformation in the community by constructing simple, decent, affordable, and safe homes. This nonprofit organization partners with families to create a positive impact in the city, overseeing the entire process of home building, from land acquisition and development to home design, construction, volunteer management, and related efforts. Ultimately, Habitat for Humanity of Greater Chattanooga Area Inc sells these homes to qualified families, offering zero-interest loans and ensuring no profit is made. This approach empowers families to gain ownership of a home, thereby contributing to a more stable and inclusive community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Habitat For Humanity Of Greater Chattanooga Area Inc's impact is centered on bringing together businesses, churches, and other community organizations in partnership with low-income families to spark authentic transformation in Chattanooga through the construction of simple, decent, affordable, and safe homes. The organization's largest program focuses on home building, which includes land acquisition and development, home design and construction, volunteer management, and related efforts involved in creating affordable homes. These homes are then sold to qualified families through zero percent interest loan support and at no profit. By providing housing opportunities to those in need, Habitat For Humanity Of Greater Chattanooga Area Inc is making a significant impact in addressing the housing challenges faced by low-income families in the community.
This information is meant to be a general summary of Habitat For Humanity Of Greater Chattanooga Area 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 2023.
- Investment Income: $48,709
- Program Service Revenue: $802,826
- Gross Receipts: $3,414,147
Assets and Liabilities:
- Total Assets: $5,095,803
- Total Liabilities: $472,687
- Net Assets: $4,623,116
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSFER TO HOMEOWNER
Revenue
$661,884
AMORT OF DISCOUNT/MORG
Revenue
$140,942
Organization Details
Founding Year
1985
Phone
(423) 756-0507Principal Officer
Jens Christensen
Main Address
1201 EAST MAIN STREET, CHATTANOOGA, TN, 37408
Website
www.habichatt.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Habitat For Humanity Of Greater Chattanooga Area 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.