Overview
What is Highland Rim Habitat For Humanity Inc?
Highland Rim Habitat for Humanity Inc. is a nonprofit organization based in Tullahoma, Tennessee. Their primary mission is to construct homes and offer interest-free financing to low-income families residing in Coffee County and Franklin Counties. During the reported period, they transferred one home to a low-income family and held mortgages totaling $592,158 (excluding an unamortized discount of $237,488) for the benefit of other low-income families. This nonprofit organization, with a workforce of three individuals, aims to contribute to the betterment of the community by providing affordable housing solutions.
Official website here: www.hrhfh.org
Is Highland Rim Habitat For Humanity Inc legitimate?
Highland Rim Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland Rim Habitat For Humanity 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:
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Other Salaries and Wages: $51,779
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Official website here: www.hrhfh.org
What is the mission statement of Highland Rim Habitat For Humanity Inc?
Highland Rim Habitat for Humanity Inc. is committed to constructing homes and offering interest-free financing to families with low income, specifically in Coffee County and Franklin Counties in Tennessee. Their mission is to provide these families with the opportunity to own their own homes, thereby improving their living conditions and overall quality of life. During the reporting period, one such home was transferred to a low-income family. Additionally, the organization holds first and second mortgages totaling a significant amount, with non-interest-bearing notes and maturities ranging from 19 to 35 years, all for the benefit of these families.
Official website here: www.hrhfh.org
Who is the CEO of Highland Rim Habitat For Humanity Inc?
Terrie Quick is the President of Highland Rim Habitat For Humanity Inc.
Official website here: www.hrhfh.org
What is the revenue of Highland Rim Habitat For Humanity Inc?
Highland Rim Habitat For Humanity Inc's revenue in 2022 was $280,707.
Official website here: www.hrhfh.org
Who are the executives of Highland Rim Habitat For Humanity Inc and what are their salaries?
The average compensation at Highland Rim Habitat For Humanity Inc during 2022 was $17,260. There are 3 employees and 275 volunteers at Highland Rim Habitat For Humanity Inc.
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Official website here: www.hrhfh.org
Where can I find the form 990 for Highland Rim Habitat For Humanity Inc?
Highland Rim Habitat For Humanity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hrhfh.org
Learn more at the official website: www.hrhfh.org
Mission Statement of Highland Rim Habitat For Humanity Inc
Highland Rim Habitat for Humanity Inc is dedicated to an important mission. This nonprofit organization focuses on constructing homes and offering interest-free financing to families falling under the low-income bracket, specifically in Coffee County and Franklin Counties in Tennessee. By undertaking this mission, Highland Rim Habitat for Humanity aims to provide a stable living environment for these families, enabling them to build a better future.
During a given reporting period, Highland Rim Habitat for Humanity successfully transferred one home to a deserving low-income family. Beyond building homes, the organization also manages mortgages for these families. As of June 30, 2022, Highland Rim Habitat for Humanity holds first and second mortgages totaling $592,158 on behalf of these families. Notably, these mortgages are non-interest bearing, signifying the organization's commitment to ensuring financial accessibility for its beneficiaries. Mortgage maturities for these loans range from 19 to 35 years.
In summary, Highland Rim Habitat for Humanity Inc is a nonprofit that works tirelessly to provide homes and interest-free financing to low-income families in Tennessee. By constructing homes and managing mortgages, this organization strives to empower families and help them build a secure future.
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Impact
October, 2024
Highland Rim Habitat for Humanity Inc. significantly impacts the community by constructing homes and offering interest-free financing to low-income families in Coffee and Franklin Counties, Tennessee. During the reporting period, the organization successfully transferred a home to a low-income family, demonstrating its commitment to addressing housing needs.
As of June 30, 2022, the organization managed first and second mortgages totaling $592,158, specifically designed for the benefit of low-income families. These mortgages are non-interest bearing, with original maturities between 19 to 35 years, providing families with a stable and affordable pathway to homeownership. This initiative not only facilitates access to housing but also empowers families by contributing to their long-term financial security and community stability.
This information is meant to be a general summary of Highland Rim Habitat For Humanity 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: $4
- Program Service Revenue: $134,182
- Gross Receipts: $280,707
Assets and Liabilities:
- Total Assets: $486,321
- Total Liabilities: $92,266
- Net Assets: $394,055
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTG LOAN DISC AMORT
Revenue
$24,182
TRANSFER OF HOME OWNERS
Revenue
$110,000
Organization Details
Founding Year
1991
Principal Officer
Terrie Quick
Main Address
PO BOX 1295, TULLAHOMA, TN, 37388
Website
www.hrhfh.orgNTEE Category
Code: L20 - Housing
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