Overview
What is Northeast Mississippi Habitat For Humanity Inc?
Northeast Mississippi Habitat for Humanity Inc. is a dedicated nonprofit organization based in Tupelo, Mississippi. Their primary mission is to construct affordable homes for families who struggle to purchase properties through traditional means. This is achieved through the involvement of volunteer labor, with a volunteer selection committee choosing potential homeowners from submitted applications. The ultimate goal of this nonprofit is to create decent housing for those in need and to make decent shelter a concern for people everywhere. With a team of three dedicated individuals, Northeast Mississippi Habitat for Humanity Inc. contributes to the betterment of the community by providing a stepping stone for families in need of a secure home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Northeast Mississippi Habitat For Humanity Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The overall score reflects a robust Accountability & Finance score of 82, which is particularly notable for its strong performance in independent board membership and financial audits. The organization boasts a 100% independent board and has effectively documented board meeting minutes, which enhances its governance practices.
The nonprofit demonstrates a significant commitment to its mission, with a program expense ratio of 71.90%, meaning a majority of its expenses are directed toward programs rather than administrative costs. Additionally, the organization shows a strong ability to manage its financial obligations, with a liabilities to assets ratio of just 1.09%, indicating a healthy balance sheet.
While the Leadership & Adaptability score is impressive at 100%, the specific areas of strategy, leadership, and adaptability have shown perfect scores. This suggests a well-structured organization that is prepared to navigate challenges and drive towards its objectives effectively. Overall, Northeast Mississippi Habitat For Humanity Inc appears to be a reliable option for donors looking to support impactful community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Mississippi Habitat For Humanity Inc legitimate?
Northeast Mississippi Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Mississippi 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: $58,654
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,678
For more financial information, click here
What is the mission statement of Northeast Mississippi Habitat For Humanity Inc?
Northeast Mississippi Habitat for Humanity Inc's mission is centered around providing decent, affordable housing for individuals in need. The organization aims to make the availability of such housing a matter of concern for people worldwide. They achieve this by constructing homes using volunteer labor and selling them to low-income families who might not be able to purchase homes through traditional means. A volunteer selection committee is responsible for choosing potential homeowners from the submitted applications.
What is the revenue of Northeast Mississippi Habitat For Humanity Inc?
Northeast Mississippi Habitat For Humanity Inc's revenue in 2024 was $1,148,096.
Who are the executives of Northeast Mississippi Habitat For Humanity Inc and what are their salaries?
The average compensation at Northeast Mississippi Habitat For Humanity Inc during 2024 was $20,619. There are 7 employees at Northeast Mississippi Habitat For Humanity Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Northeast Mississippi Habitat For Humanity Inc?
Northeast Mississippi Habitat For Humanity Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Northeast Mississippi Habitat For Humanity Inc
Northeast Mississippi Habitat for Humanity Inc is dedicated to a noble mission. This mission revolves around creating decent, affordable housing for individuals who are in need. The organization believes that providing such shelters is not just a necessity, but a matter of conscience that should resonate with people everywhere. By constructing homes using volunteer labor, Northeast Mississippi Habitat for Humanity Inc ensures that the cost of housing remains affordable for low-income families who might not be able to purchase homes through traditional means. The nonprofit then sells these homes to these families, thereby playing a significant role in addressing housing inequalities. The ultimate goal of Northeast Mississippi Habitat for Humanity Inc is to make decent shelter a universal norm, inspiring people across the board to contribute towards this cause.
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Impact
July, 2024
Northeast Mississippi Habitat For Humanity Inc's impact is evident in the creation of decent, affordable housing for those in need. By constructing homes using volunteer labor and selling them to low-income families who are unable to purchase homes through traditional means, this organization is addressing the critical issue of housing insecurity in the community. Through their mission to make decent shelter a matter of conscience with people everywhere, Northeast Mississippi Habitat For Humanity Inc is positively impacting the lives of families and individuals in Tupelo, Mississippi, and beyond.
This information is meant to be a general summary of Northeast Mississippi 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 2024.
- Investment Income: $35,915
- Gross Receipts: $1,434,686
Assets and Liabilities:
- Total Assets: $2,782,865
- Total Liabilities: $31,075
- Net Assets: $2,751,790
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Organization Details
Principal Officer
Ketra Ruff
NTEE Category
Code: L20Z - Housing
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