Overview
What is Habitat For Humanity Of Anderson Co?
Habitat for Humanity of Anderson Co, established in 1992, is a community-driven nonprofit organization based in Oak Ridge, Tennessee. Their mission involves partnering with income-eligible families, volunteers, businesses, organizations, and faith communities to construct simple, decent, and affordable homes. These houses are then sold to the participating families at no profit, with zero percent interest loans, ensuring affordability for individuals who might otherwise struggle to secure housing with a mortgage. The organization operates on an ecumenical basis, fostering inclusivity and collaboration in its endeavors.
Official website here: www.hfhac.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Habitat for Humanity of Anderson County has received a two-star rating from Charity Navigator, indicating a need for improvement in its financial accountability and transparency. The organization scored a total of 69%, reflecting strengths such as a high percentage of independent board members and a solid program expense ratio of 78.70%, suggesting that a significant portion of its funding is directed towards its charitable programs.
However, the nonprofit faces notable challenges in several key areas. It lacks critical policies, such as a conflict of interest policy and a whistleblower policy, which are essential for maintaining governance standards and ensuring accountability. Additionally, financial statements are not made available, which can hinder transparency and potentially affect donor trust.
Despite these limitations, the organization does have some positive attributes, including no reported material diversion of assets and a favorable liability to assets ratio of 33.54%. By addressing its governance gaps and enhancing transparency, Habitat for Humanity of Anderson County could improve its overall rating and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Anderson Co legitimate?
Habitat For Humanity Of Anderson Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Anderson Co 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: $181,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $396,277
For more financial information, click here
Official website here: www.hfhac.org
What is the mission statement of Habitat For Humanity Of Anderson Co?
Habitat for Humanity of Anderson Co's mission involves constructing simple, decent, and affordable homes in partnership with income-eligible families, volunteers, businesses, organizations, and faith communities. These houses are then sold to the participating families at no profit and with zero percent interest loans to make them financially accessible for individuals who otherwise cannot afford a mortgage. This organization's primary goal is to provide housing solutions for those in need, fostering community involvement and promoting affordable housing opportunities.
Official website here: www.hfhac.org
Who is the CEO of Habitat For Humanity Of Anderson Co?
Charlotte Bowers is the Executive Di of Habitat For Humanity Of Anderson Co.
Official website here: www.hfhac.org
What is the revenue of Habitat For Humanity Of Anderson Co?
Habitat For Humanity Of Anderson Co's revenue in 2023 was $568,996.
Official website here: www.hfhac.org
Who are the executives of Habitat For Humanity Of Anderson Co and what are their salaries?
The average compensation at Habitat For Humanity Of Anderson Co during 2023 was $18,062. There are 32 employees at Habitat For Humanity Of Anderson Co.
Here are 19 key members and their salaries:
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Official website here: www.hfhac.org
Where can I find the form 990 for Habitat For Humanity Of Anderson Co?
Habitat For Humanity Of Anderson Co's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hfhac.org
Learn more at the official website: www.hfhac.org
Mission Statement of Habitat For Humanity Of Anderson Co
Habitat for Humanity of Anderson Co is a dedicated organization that focuses on building simple, decent, and affordable homes in partnership with income-eligible families, volunteers, businesses, organizations, and faith communities. Their mission is to sell these houses to the participating families at no profit and with zero percent interest loans, making them affordable for individuals who otherwise cannot afford a house with a mortgage. By doing so, Habitat for Humanity of Anderson Co aims to empower families and provide them with a stable living environment. The organization works in partnership with the community, leveraging the skills and resources of volunteers and local businesses to make a tangible impact on the lives of those in need of affordable housing.
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Impact
July, 2024
Habitat For Humanity Of Anderson Co's impact is evident in the tangible difference it makes in the lives of income eligible participating families. By building simple, decent, and affordable houses in partnership with these families, volunteers, businesses, organizations, and faith communities, Habitat For Humanity provides a pathway to homeownership for those who may not otherwise afford a house with a traditional mortgage. This organization's mission of fostering a sense of community and providing stability through homeownership has a lasting and positive impact on individuals and neighborhoods in Anderson County.
This information is meant to be a general summary of Habitat For Humanity Of Anderson Co. 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.
- Program Service Revenue: $350,590
- Gross Receipts: $568,996
Assets and Liabilities:
- Total Assets: $2,345,385
- Total Liabilities: $786,804
- Net Assets: $1,558,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE REVENUE
Revenue
$350,590
Organization Details
Founding Year
1992
Phone
(865) 482-7713Principal Officer
Charlotte Bowers
Main Address
111 RANDOLPH ROAD, OAK RIDGE, TN, 37830
Website
www.hfhac.orgNTEE Category
Code: L20 - Housing
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