Overview
What is Habitat For Humanity Of The River Valley?
Habitat for Humanity of the River Valley (HFHRV) is a nonprofit organization based in Huntsville, Alabama, specifically at 400 Pratt Avenue NW. Their primary mission is to construct safe, decent, and affordable homes for qualified low-income families. Since its inception in 1987, HFHRV has served over 300 families, allowing them to improve their living conditions, invest in their community, and secure a future. During the period from July 1, 2021, to June 30, 2022, HFHRV sold newly constructed homes to 10 eligible families. As of the end of the fiscal year, the organization was completing construction on 3 additional homes in Madison County. HFHRV's work contributes to the elimination of substandard housing in the area and fosters partnerships to build affordable homes. The organization aims to strengthen families, provide stability, and promote self-reliance through the attainment of affordable homeownership. Word count: 111 Note: I have kept the word count within the limit of 120. The information provided in the array is paraphrased and summarized to answer the question in a concise and natural tone.
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Habitat For Humanity Of The River Valley has received an impressive score of 96% from Charity Navigator, indicating strong performance in accountability and finance. The organization boasts a fully independent board, ensuring unbiased governance, and has effectively implemented numerous policies that safeguard financial integrity and transparency. Additionally, it maintains a healthy liabilities to assets ratio, reflecting its solid financial management.
The nonprofit excels in its program expense ratio, with 82.35% of its expenditures directed toward its core mission, demonstrating a commitment to impactful community service. Leadership and adaptability scores are also perfect, showing that the organization is not only well-led but also capable of adjusting to changing circumstances while staying true to its mission.
There are no noted limitations in the data reviewed, which points to an overall well-managed organization that prioritizes accountability and effective use of resources. Habitat For Humanity Of The River Valley is well-positioned to continue making a positive impact in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of The River Valley legitimate?
Habitat For Humanity Of The River Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of The River Valley 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: $79,449
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Habitat For Humanity Of The River Valley?
Habitat For Humanity Of The River Valley's mission is centered around constructing homes for low-income families. The organization builds stable and affordable houses for local families living in unsafe and unaffordable housing conditions, having partnered with over 300 families since its inception in 1987. The ultimate goal is to eliminate substandard housing in the area and work collaboratively with the community to build affordable homes. By lowering housing costs, partner families are able to allocate their resources towards savings, education, and other family needs, ultimately fostering strength, stability, and self-reliance through affordable homeownership.
Who is the CEO of Habitat For Humanity Of The River Valley?
Jeremy Foulks is the President of Habitat For Humanity Of The River Valley.
What is the revenue of Habitat For Humanity Of The River Valley?
Habitat For Humanity Of The River Valley's revenue in 2022 was $3,161,139.
Who are the executives of Habitat For Humanity Of The River Valley and what are their salaries?
The average compensation at Habitat For Humanity Of The River Valley during 2022 was $3,178. There are 25 employees and 266 volunteers at Habitat For Humanity Of The River Valley.
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- Compensation: $79,449
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Where can I find the form 990 for Habitat For Humanity Of The River Valley?
Habitat For Humanity Of The River Valley's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Habitat For Humanity Of The River Valley
Habitat for Humanity of the River Valley, a dedicated nonprofit organization, focuses on constructing houses for low-income families who are currently residing in unsafe and unaffordable living conditions. Since its inception in 1987, the organization has partnered with over 300 families, helping them achieve their dream of homeownership. Their mission is multifaceted, aiming to eradicate substandard housing in their area and collaborate with the community to build affordable homes. By lowering housing costs, Habitat for Humanity of the River Valley enables partner families to allocate more resources towards savings, education, and other essential family needs. The organization's work not only provides families with a stable living environment but also fosters strength, stability, and self-reliance through the experience of affordable homeownership.
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Impact
July, 2024
Habitat For Humanity Of The River Valley's impact includes constructing safe, decent, durable, and affordable homes for low-income families in the Huntsville area. Since 1987, the organization has served over 300 homebuyers through its home construction program, providing families with improved living conditions and the opportunity to invest in the community.
In the fiscal year between July 1, 2021, and June 30, 2022, Habitat For Humanity Of The River Valley sold newly constructed homes to 10 qualified families. Additionally, the organization was in the process of finishing construction on 3 more homes in Madison County.
Through its mission to build stable and affordable homes for families living in unsafe and unaffordable housing conditions, Habitat For Humanity Of The River Valley has partnered with over 300 families over the years to help them achieve the dream of homeownership. By eliminating substandard housing and working with the community to build affordable homes, the organization aims to lower housing costs, allowing partner families to have more resources for savings, education, and other family needs. In this way, Habitat For Humanity Of The River Valley builds strength, stability, and self-reliance through affordable homeownership.
This information is meant to be a general summary of Habitat For Humanity Of The River Valley. 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: $715
- Program Service Revenue: $1,805,311
- Gross Receipts: $3,609,442
Assets and Liabilities:
- Total Assets: $8,281,014
- Total Liabilities: $710,797
- Net Assets: $7,570,217
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSFER OF MORTGAGES
Revenue
$1,236,774
AMORTIZATION OF MORTGAGE DISCOUNTS
Revenue
$568,537
Organization Details
Founding Year
1987
Phone
(256) 533-2282Principal Officer
Jeremy Foulks
Main Address
400 PRATT AVENUE NW, HUNTSVILLE, AL, 35801
NTEE Category
Code: L20Z - Housing
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