Overview
What is Lafayette Habitat For Humanity Inc?
Lafayette Habitat for Humanity Inc is a dedicated nonprofit organization based in Lafayette, Louisiana. Their primary mission is to enhance housing opportunities for low-income residents by overseeing the construction of homes. They accomplish this by offering financial aid through low-interest or interest-free mortgages to eligible individuals. During the fiscal year ending on June 30, 2022, they successfully completed and sold three homes. With a team of 45 employees, they continue their commitment to making a positive impact on the community.
Official website here: www.habitatlafayette.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Lafayette Habitat For Humanity Inc has received a strong 94% rating from Charity Navigator, indicating high accountability and financial health. The organization boasts an impressive score of 86.59% for its program expense ratio, reflecting its commitment to directing a significant portion of its resources towards its mission of providing affordable housing solutions.
The organization demonstrates robust governance practices, with 85% of its board members being independent. Furthermore, it has received full marks in several areas related to financial oversight, including its audit and oversight committee and policies for conflict of interest and whistleblowing.
While the organization shows a solid liabilities to assets ratio of 52.66%, which is within acceptable limits, there are no significant concerns noted regarding material diversions of assets. Overall, Lafayette Habitat For Humanity Inc stands out for its transparency, strong governance, and effective use of funds to support its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette Habitat For Humanity Inc legitimate?
Lafayette Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette 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: $197,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,242,840
For more financial information, click here
Official website here: www.habitatlafayette.org
What is the mission statement of Lafayette Habitat For Humanity Inc?
Lafayette Habitat for Humanity Inc. is dedicated to constructing homes for individuals with low income and offering them financial assistance through low-interest or interest-free mortgages. The organization's primary goal is to provide affordable housing solutions for these residents. By overseeing the construction process, the organization aims to help eligible families achieve homeownership, thereby improving their living conditions and stability. The organization completed and sold three homes by the end of its fiscal year ending June 30, 2022, demonstrating its commitment to this mission.
Official website here: www.habitatlafayette.org
What is the revenue of Lafayette Habitat For Humanity Inc?
Lafayette Habitat For Humanity Inc's revenue in 2024 was $4,443,280.
Official website here: www.habitatlafayette.org
Who are the executives of Lafayette Habitat For Humanity Inc and what are their salaries?
The average compensation at Lafayette Habitat For Humanity Inc during 2024 was $33,502. There are 43 employees and 1250 volunteers at Lafayette Habitat For Humanity Inc.
Here are 16 key members and their salaries:
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Official website here: www.habitatlafayette.org
Where can I find the form 990 for Lafayette Habitat For Humanity Inc?
Lafayette Habitat For Humanity Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.habitatlafayette.org
Learn more at the official website: www.habitatlafayette.org
Mission Statement of Lafayette Habitat For Humanity Inc
Lafayette Habitat for Humanity Inc is an organization that plays a vital role in addressing the housing needs of low-income residents. Its mission is centered around coordinating the construction of homes for these individuals, offering them a chance at sustainable living. To facilitate this, the organization provides financial assistance in the form of low-interest or interest-free mortgages, making homeownership attainable for those who might otherwise be unable to afford it. During the fiscal year ending on June 30, 2022, Lafayette Habitat for Humanity Inc completed and sold three such homes, contributing to the well-being of their chosen community.
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Impact
July, 2024
Lafayette Habitat For Humanity Inc's impact is evident in the coordination of the construction of homes for low-income residents and the provision of financial assistance in the form of low-interest or interest-free mortgages to these individuals. In the fiscal year ending June 30, 2022, the organization completed and sold three homes in Lafayette, Louisiana. Through its housing-focused mission, Lafayette Habitat For Humanity Inc is actively working to address the housing needs of low-income residents and provide them with opportunities for stable housing solutions.
This information is meant to be a general summary of Lafayette 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.
- Program Service Revenue: $3,184,321
- Gross Receipts: $4,443,280
Assets and Liabilities:
- Total Assets: $5,076,954
- Total Liabilities: $647,900
- Net Assets: $4,429,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AMORT-MORTGAGE DISCOUNTS
Revenue
$200,327
GAIN ON SALE OF MORTGAGES
Revenue
$770,551
RESTORE REVENUE
Revenue
$1,202,425
SALES TO HOMEOWNERS
Revenue
$1,011,018
Organization Details
Founding Year
1992
Principal Officer
Tina Thornton
Website
www.habitatlafayette.orgNTEE Category
Code: L20Z - Housing
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