Overview
What is Lakeway Area Habitat For Humanity?
Lakeway Area Habitat for Humanity is a nonprofit organization situated in Morristown, Tennessee. Its primary mission is to provide affordable housing solutions for low-income families by partnering with local families, churches, civic organizations, businesses, and other community groups. This partnership allows Lakeway Area Habitat for Humanity to offer eligible families an affordable mortgage with zero percent interest. Additionally, the organization provides critical home repairs for the elderly and disabled, securing necessary grants and donations from the community to support these services. The organization's workforce consists of nine dedicated individuals.
Official website here: www.lakewayareahabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Lakeway Area Habitat For Humanity has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score is derived entirely from an Accountability & Finance score of 88%, reflecting the organization's strong commitment to transparency and responsible financial practices.
Key strengths of the nonprofit include a fully independent board of directors, which scores a perfect 100% in that category. Additionally, the organization has demonstrated excellent financial oversight, with no material diversion of assets and a high program expense ratio of 94.17%, showcasing its dedication to utilizing funds effectively for its mission.
However, there are some limitations noted in the evaluation. The charity lacks a whistleblower policy and a document retention and destruction policy, which may affect its overall governance practices. Furthermore, its tax form is not readily available on its website, which could hinder transparency for potential donors and stakeholders. Overall, while Lakeway Area Habitat For Humanity shows commendable accountability, addressing these gaps could enhance its governance and trustworthiness further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lakeway Area Habitat For Humanity?
100% of the 8 reviewers on Facebook recommend Lakeway Area Habitat For Humanity. Here’s a summary of their thoughts:
The nonprofit is praised for its friendly and helpful staff, which contributes to a positive experience for visitors. Reviewers appreciate the variety of items available, indicating that there’s always something useful at their facilities. This sense of community engagement and support enhances the overall reputation of the organization.
Overall, the sentiments reflect a strong endorsement for the Lakeway Area Habitat For Humanity, with users expressing satisfaction with the services provided and the welcoming atmosphere encountered at the organization.
This AI summary has been generated from reviews found on Facebook.
Is Lakeway Area Habitat For Humanity legitimate?
Lakeway Area Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeway Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,286
For more financial information, click here
Official website here: www.lakewayareahabitat.org
What is the mission statement of Lakeway Area Habitat For Humanity?
Lakeway Area Habitat for Humanity is committed to providing affordable housing solutions for low-income families and conducting critical home repairs for the elderly and disabled. The organization achieves this mission by partnering with various community organizations, such as churches, civic groups, businesses, and individuals, to build homes for eligible families at an affordable mortgage payment with zero percent interest. Additionally, they secure grants and donations to fund home repairs for the elderly and disabled in need. By fulfilling these objectives, Lakeway Area Habitat for Humanity aims to contribute to the well-being and stability of its community members.
Official website here: www.lakewayareahabitat.org
Who is the CEO of Lakeway Area Habitat For Humanity?
Alan Anderson is the Chairman of Lakeway Area Habitat For Humanity.
Official website here: www.lakewayareahabitat.org
What is the revenue of Lakeway Area Habitat For Humanity?
Lakeway Area Habitat For Humanity's revenue in 2023 was $1,019,149.
Official website here: www.lakewayareahabitat.org
Who are the executives of Lakeway Area Habitat For Humanity and what are their salaries?
The average compensation at Lakeway Area Habitat For Humanity during 2023 was $18,143. There are 9 employees and 163 volunteers at Lakeway Area Habitat For Humanity.
Here are 8 key members and their salaries:
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Official website here: www.lakewayareahabitat.org
Where can I find the form 990 for Lakeway Area Habitat For Humanity?
Lakeway Area Habitat For Humanity's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakewayareahabitat.org
Learn more at the official website: www.lakewayareahabitat.org
Mission Statement of Lakeway Area Habitat For Humanity
Lakeway Area Habitat for Humanity is committed to an essential mission. This mission involves providing affordable housing solutions to low-income households and offering critical home repairs to the elderly and disabled. By partnering with various organizations within the community, such as churches, civic groups, businesses, and other community entities, the organization helps families secure affordable mortgages with zero percent interest.
In addition to constructing new homes, Lakeway Area Habitat for Humanity extends its services to undertake home repairs for the elderly and disabled individuals. To fund these repair projects, the organization applies for grants and collects donations from the community. By dedicating themselves to this mission, Lakeway Area Habitat for Humanity contributes significantly to improving the living conditions of many families and individuals in need.
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Impact
July, 2024
Lakeway Area Habitat For Humanity provides affordable housing to low-income households and critical home repairs to the elderly and disabled in Morristown, TN. The organization partners with partner families, churches, civic organizations, businesses, and other community organizations to provide housing for low-income families with an affordable mortgage payment at zero percent interest. Additionally, they offer home repair services to the elderly and disabled by applying for grants and donations received from the community. The impact of Lakeway Area Habitat For Humanity is seen through the tangible support and assistance provided to those in need, helping to create stable and secure housing situations for vulnerable populations.
This information is meant to be a general summary of Lakeway Area 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 2023.
- Investment Income: $673
- Program Service Revenue: $285,143
- Gross Receipts: $1,019,149
Assets and Liabilities:
- Total Assets: $1,544,060
- Total Liabilities: $475,570
- Net Assets: $1,068,490
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSFERS TO HOMEOWNERS
Revenue
$177,494
AMORTIZATION OF LOAN DISCOUNT
Revenue
$80,227
SILENT 2ND MORTGAGE RECOVERY
Revenue
$27,422
Organization Details
Principal Officer
Alan Anderson
Main Address
PO BOX 2133, MORRISTOWN, TN, 37816
Website
www.lakewayareahabitat.orgNTEE Category
Code: L202 - Housing
If you are a representative of Lakeway Area Habitat For Humanity 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.