Overview
What is New Orleans Habitat For Humanity?
New Orleans Habitat for Humanity (NOAHH) is a nonprofit organization located in New Orleans, Louisiana, with a mission to construct and sell affordable homes to low-income families. The organization serves as both the builder and lender, providing zero-interest loans to eligible buyers who might otherwise struggle to secure financing. NOAHH's primary program involves constructing new homes in partnership with future homeowners, volunteers, and staff. Upon completion, these families are granted 20-30-year interest-free mortgages, which aid in funding the construction of additional homes. Additionally, NOAHH collaborates with local financial institutions to sell homes to low-to-moderate income buyers. Moreover, the organization runs an active home repair program, assisting low-income, elderly, or disabled homeowners with necessary repairs. This program is also extended to individuals affected by natural disasters. As of June 30, 2022, 10 homes had been sold, and 22 were under construction. The organization's dedicated workforce of 82 individuals is committed to responsibly building communities where families can thrive.
Official website here: www.habitat-nola.org
What are the reviews and ratings of this charity?
**Charity : Charity Navigator Rating 100% (Four-Star out of Four Stars)**tar)**
New Orleans Habitat For Humanity has achieved an impressive Four-Star rating from Charity Navigator, indicating exceptional performance in accountability and finance. This score reflects a commitment to transparency, with an independent board and stringent policies in place. The organization has scored 100% in crucial areas like financial oversight and program expenses, demonstrating effective resource allocation and a strong focus on its mission to provide affordable housing.
Strengths of New Orleans Habitat For Humanity include robust strategic goals aimed at improving housing conditions in the New Orleans area, particularly emphasizing the elimination of blighted properties and disaster recovery efforts post-Hurricane Ida. The organization also excels in engagement with the community, evidenced by its significant scores in constituent feedback collection and usage, illustrating a commitment to the voices of those it serves.
While the organization appears to be performing exceptionally well based on accountability metrics, user reviews from GreatNonprofits could not be fetched, leaving a gap in qualitative feedback that may provide insights into community perceptions and experiences. Nonetheless, the strong rating reflects a clear organizational effectiveness and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is New Orleans Habitat For Humanity legitimate?
New Orleans Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Orleans 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: $575,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,799,098
For more financial information, click here
Official website here: www.habitat-nola.org
What is the mission statement of New Orleans Habitat For Humanity?
New Orleans Habitat for Humanity's mission is to construct communities where families can prosper, offering homes that are financially accessible. They achieve this by functioning as both the builder and lender, providing zero-interest loans to low-income individuals who might not qualify for commercial products otherwise. The organization's primary program involves constructing new homes in collaboration with low-income future home buyers, volunteers, and staff. Upon completion, a 20-30 year interest-free mortgage is provided, with mortgage payments contributing to funding the construction of additional homes. In partnership with local authorities, Habitat also builds and sells homes to low-to-moderate income buyers, financed through local financial institutions. Additionally, Habitat runs an active home repair program, addressing the repair needs of low-income, elderly, or disabled homeowners who cannot afford the necessary repairs themselves. This program also aids those impacted by natural disasters, including younger individuals, all within the low-income bracket.
Official website here: www.habitat-nola.org
Who is the CEO of New Orleans Habitat For Humanity?
Marguerite Oestreicher is the Director of New Orleans Habitat For Humanity.
Official website here: www.habitat-nola.org
What is the revenue of New Orleans Habitat For Humanity?
New Orleans Habitat For Humanity's revenue in 2022 was $11,015,367.
Official website here: www.habitat-nola.org
Who are the executives of New Orleans Habitat For Humanity and what are their salaries?
The average compensation at New Orleans Habitat For Humanity during 2022 was $28,959. There are 82 employees and 1100 volunteers at New Orleans Habitat For Humanity.
Here are 19 key members and their salaries:
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- Other: $8,086
Official website here: www.habitat-nola.org
Where can I find the form 990 for New Orleans Habitat For Humanity?
New Orleans Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitat-nola.org
Learn more at the official website: www.habitat-nola.org
Mission Statement of New Orleans Habitat For Humanity
New Orleans Habitat for Humanity, a nonprofit organization, is committed to building thriving communities where families can afford to live. Their mission is to make homeownership possible, serving as both the builder and lender. They achieve this by providing zero-interest loans to low-income individuals who often do not qualify for commercial products.
The primary program of New Orleans Habitat for Humanity involves constructing new homes with the participation of future home buyers, volunteers, and staff. Upon completion, the organization offers interest-free mortgages, with the payments from these mortgages used to fund the construction of additional homes. In partnership with the City of New Orleans and the New Orleans Redevelopment Authority, the nonprofit also builds and sells homes to low-to-moderate income buyers, financing these homes through local financial institutions.
In addition to new home construction, New Orleans Habitat for Humanity runs an active home repair program. This program provides repairs to low-income, elderly, or disabled homeowners who cannot afford the necessary repairs themselves. The home repair services also aid individuals impacted by natural disasters and may include younger individuals, all of whom are low income. As of June 30, 2022, the organization had sold 10 homes and had 22 homes under construction.
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Impact
July, 2024
New Orleans Habitat For Humanity's impact can be seen in the responsible construction of communities where families can thrive in homes they can afford. They achieve this by building new homes with the participation of low-income future home buyers, volunteers, and staff. Upon completion of each home, New Orleans Habitat For Humanity provides a 20-30 year interest-free mortgage, with those payments helping to fund the construction of other homes. Additionally, in partnership with the city of New Orleans and the New Orleans Redevelopment Authority, they also build and sell homes to low-to-moderate income buyers, financed through local financial institutions.
Furthermore, New Orleans Habitat For Humanity runs an active home repair program that assists low-income, elderly, or disabled homeowners who lack the means to undertake needed repairs themselves. This program also aids those impacted by natural disasters. By providing affordable housing options and essential home repairs, New Orleans Habitat For Humanity is making a significant difference in the lives of individuals and families in the community.
This information is meant to be a general summary of New Orleans 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 2022.
- Investment Income: $383,672
- Program Service Revenue: $271,293
- Gross Receipts: $19,570,442
Assets and Liabilities:
- Total Assets: $35,907,536
- Total Liabilities: $3,651,950
- Net Assets: $32,255,586
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IMPUTED INTEREST
Revenue
$233,483
OTHER PROGRAM REVENUES
Revenue
$20,731
LATE PAYMENT FEES
Revenue
$12,524
CREDIT APPLICATION FEES
Revenue
$4,555
Organization Details
Founding Year
1983
Phone
(504) 861-2077Principal Officer
Marguerite Oestreicher
Main Address
2900 ELYSIAN FIELDS AVE, NEW ORLEANS, LA, 70122
Website
www.habitat-nola.orgNTEE Category
Code: L20 - Housing
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