Overview
What is Shoals Habitat For Humanity Inc?
Shoals Habitat for Humanity Inc is a dedicated nonprofit organization based on the mission of providing strength, stability, and independence through affordable housing. They specialize in constructing and renovating homes, selling them to eligible low-income individuals. The organization operates with the aid of their restore operations, showcasing a commitment to community development. Their work aims to create decent housing opportunities, contributing to the overall well-being of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Shoals Habitat For Humanity Inc has received an 85% rating from Charity Navigator, reflecting strong performance in accountability and finance. The charity demonstrates a commitment to transparency and responsible financial management, with all board members being independent and a solid framework for oversight and auditing in place.
Strengths highlighted include a high percentage of program expenses relative to total expenses, which indicates effective allocation of resources towards its mission. The organization has also been recognized for maintaining no material diversion of assets and having a documented conflict of interest policy, which further enhances its credibility and governance.
While the overall score is derived solely from the Accountability & Finance beacon, it suggests that the organization has a sound financial foundation. However, the lack of ratings in other operational areas may limit a comprehensive understanding of the charity's overall effectiveness in program delivery and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Shoals Habitat For Humanity Inc legitimate?
Shoals Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shoals 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $147,692
For more financial information, click here
What is the mission statement of Shoals Habitat For Humanity Inc?
Shoals Habitat for Humanity's mission is centered around building and renovating houses, which are then sold to eligible low-income individuals. The organization's objective is to foster strength, stability, and self-sufficiency in individuals' lives through the provision of decent and affordable housing. Furthermore, Shoals Habitat for Humanity supports its mission through restore operations, offering various programs that contribute to the overall goal of providing affordable housing solutions.
Who is the CEO of Shoals Habitat For Humanity Inc?
Lisa Parker is the President of Shoals Habitat For Humanity Inc.
What is the revenue of Shoals Habitat For Humanity Inc?
Shoals Habitat For Humanity Inc's revenue in 2023 was $554,366.
Who are the executives of Shoals Habitat For Humanity Inc and what are their salaries?
The average compensation at Shoals Habitat For Humanity Inc during 2023 was $18,462. There are 8 employees and 30 volunteers at Shoals Habitat For Humanity Inc.
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Where can I find the form 990 for Shoals Habitat For Humanity Inc?
Shoals Habitat For Humanity Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Shoals Habitat For Humanity Inc
Shoals Habitat for Humanity, as a nonprofit organization, is dedicated to constructing and refurbishing homes. Their primary goal is to sell these properties to eligible low-income individuals. This mission is driven by a desire to foster strength, stability, and self-reliance in the community through the provision of affordable housing. By supporting restore operations, Shoals Habitat for Humanity not only builds homes but also contributes to the creation of decent living spaces for those in need. The organization's work is centered around the idea that everyone deserves a safe and secure place to live, which in turn, can help individuals and families build a better future for themselves.
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Impact
July, 2024
Shoals Habitat For Humanity Inc's impact lies in its commitment to building strength, stability, and independence through shelter. By constructing and renovating houses in Florence, Alabama, this organization provides a vital resource for low-income individuals in need of affordable housing. Through their mission to sell homes to qualifying individuals, Shoals Habitat For Humanity Inc is making a significant difference in the community by addressing the critical issue of housing insecurity.
This information is meant to be a general summary of Shoals 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 2023.
- Investment Income: $673
- Program Service Revenue: $468,673
- Gross Receipts: $554,366
Assets and Liabilities:
- Total Assets: $2,103,883
- Total Liabilities: $19,388
- Net Assets: $2,084,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF COMPLETED HOMES
Revenue
$111,500
RESTORE SALES
Revenue
$357,173
Organization Details
Founding Year
1985
Phone
(256) 760-9515Principal Officer
Lisa Parker
Main Address
PO BOX 3135, FLORENCE, AL, 35630
NTEE Category
Code: L20 - Housing
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