Overview
What is Habitat For Humanity Mississippi Capital Area?
Habitat for Humanity Mississippi Capital Area, based in Jackson, Mississippi, is a dedicated nonprofit organization. Their primary mission is to construct, sell, and finance affordable housing for low-income families within the Jackson metropolitan area. In 2022, they invested $2.87 million into local businesses and the economy, contributing to the construction of three new homes and the transformation of seven existing homes into safe, affordable dwellings for seven deserving families. The organization's process is rigorous, requiring families to complete a program encompassing financial management, wills and estate planning, volunteer work, and ongoing support. The ultimate goal of this program is to foster successful homeownership, which can lead to generational wealth. Remarkably, seventeen families managed to pay off their mortgages during 2022. Habitat for Humanity Mississippi Capital Area embodies the spirit of humanitarian action, aiming to unite individuals and build both homes and communities while instilling hope.
Official website here: www.habitatjackson.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Habitat For Humanity Mississippi Capital Area has achieved a perfect score of 100%, indicating exceptional performance in both accountability and finance as well as leadership and adaptability. The organization's strong financial practices are highlighted by a 78.97% program expense ratio, meaning a significant portion of its resources goes directly to its mission. The charity also boasts a 100% independent board, ensuring impartial governance.
The organization demonstrates comprehensive policies that support transparency and ethical operations, such as a conflict of interest policy and a whistleblower policy, both of which received top scores. Additionally, it has effectively maintained a low liabilities-to-assets ratio of 24.74%, showcasing its financial stability. These attributes reflect a commitment to responsible stewardship of resources.
While the data reflects strong organizational practices, it is important for potential donors and volunteers to consider the specific programs and outcomes of Habitat For Humanity Mississippi Capital Area. Engaging with the community and understanding their direct impact can complement the favorable ratings and provide a fuller picture of their effectiveness in addressing housing needs.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Mississippi Capital Area legitimate?
Habitat For Humanity Mississippi Capital Area is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Mississippi Capital Area 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: $232,478
Professional Fundraising Fees: $0
Other Salaries and Wages: $748,167
For more financial information, click here
Official website here: www.habitatjackson.org
What is the mission statement of Habitat For Humanity Mississippi Capital Area?
Habitat For Humanity Mississippi Capital Area's mission is centered around putting God's love into action. They bring people together to construct homes, develop communities, and foster hope. This organization's primary objective is to help build affordable housing for low-income families. In 2022, they invested $2.87 million into small and minority-owned businesses and the local economy through their ongoing housing projects. They transformed seven previously owned homes into safe, affordable dwellings for seven families after rigorously selecting them. The families undergo a comprehensive program that involves financial management, wills and estate planning, volunteer service, and ongoing support as they navigate homeownership. Successful homeownership plays a significant role in generating wealth for generations. Lastly, seventeen homeowners managed to pay off their mortgages during 2022.
Official website here: www.habitatjackson.org
Who is the CEO of Habitat For Humanity Mississippi Capital Area?
Merrill T Mckewen is the Executive Director of Habitat For Humanity Mississippi Capital Area.
Official website here: www.habitatjackson.org
What is the revenue of Habitat For Humanity Mississippi Capital Area?
Habitat For Humanity Mississippi Capital Area's revenue in 2022 was $3,265,999.
Official website here: www.habitatjackson.org
Who are the executives of Habitat For Humanity Mississippi Capital Area and what are their salaries?
The average compensation at Habitat For Humanity Mississippi Capital Area during 2022 was $37,717. There are 26 employees and 491 volunteers at Habitat For Humanity Mississippi Capital Area.
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Official website here: www.habitatjackson.org
Where can I find the form 990 for Habitat For Humanity Mississippi Capital Area?
Habitat For Humanity Mississippi Capital Area's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatjackson.org
Learn more at the official website: www.habitatjackson.org
Mission Statement of Habitat For Humanity Mississippi Capital Area
Habitat for Humanity Mississippi Capital Area is an organization that embodies the spirit of putting God's love into action. Their mission, in essence, is to bring people together to construct not just homes, but also communities and hope. Through their initiatives, they focus on building and selling affordable housing for low-income families within their metropolitan area. This act of providing shelter is more than just a physical structure; it is a means to instill a sense of security and stability for families in need.
In line with their mission, Habitat for Humanity Mississippi Capital Area is committed to using their construction projects as a vehicle to infuse resources into the local economy. During 2022, they injected $2.87 million into small and minority-owned businesses, contributing to the overall prosperity of the community. Furthermore, they transformed seven previously owned homes into safe, affordable dwellings for seven families, demonstrating their dedication to making a tangible impact on the lives of those they serve.
The organization's approach to homeownership is holistic, extending beyond the mere provision of a house. Successful families undergo a rigorous program that includes financial management, wills and estate planning, volunteer service, and ongoing support. This comprehensive approach aims to equip families with the skills and resources necessary to navigate homeownership effectively and sustainably, thereby contributing to the creation of generational wealth. In 2022, seventeen families were able to pay off their mortgages, marking a significant milestone in their journey towards financial stability and independence.
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Impact
July, 2024
Habitat For Humanity Mississippi Capital Area's impact can be seen in the $2.87 million injected into small and minority-owned businesses as well as the local economy in 2022. Through the construction of three new homes and the transformation of seven previously owned homes, seven families were provided with safe and affordable housing. Additionally, the organization's rigorous program equips selected families with financial management skills, estate planning, and requires at least 250 hours of volunteer service, setting them up for successful homeownership. Seventeen homeowners were able to pay off their mortgages in 2022, highlighting the organization's contribution to generational wealth and community development in the Jackson, Mississippi metropolitan area. Habitat For Humanity Mississippi Capital Area truly embodies its mission of bringing people together to build homes, communities, and hope, ultimately putting God's love into action.
This information is meant to be a general summary of Habitat For Humanity Mississippi Capital Area. 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: -$13,640
- Program Service Revenue: $1,328,872
- Gross Receipts: $3,309,529
Assets and Liabilities:
- Total Assets: $10,668,297
- Total Liabilities: $2,639,373
- Net Assets: $8,028,924
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$1,328,872
Organization Details
Founding Year
1986
Phone
(601) 353-6060Principal Officer
Merrill T Mckewen
Main Address
PO BOX 55634, JACKSON, MS, 39296
Website
www.habitatjackson.orgNTEE Category
Code: L20 - Housing
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