Overview
What is Bayou Area Habitat For Humanity?
Bayou Area Habitat for Humanity is a nonprofit organization that dedicatedly works towards constructing homes for families with limited income. Situated in local parishes, their primary mission involves building residential properties for these families. The organization generates income through mortgage interest from loans provided to eligible homeowners and early payout proceeds from mortgage loans, should the homeowner opt to sell or refinance with an external financial institution. Their programs are centered around this mission, aiming to improve housing conditions for low-income families within their community.
Official website here: www.bayouhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Bayou Area Habitat For Humanity has received a top rating of 100% from Charity Navigator, indicating exceptional accountability and financial health. This score is entirely based on the organization's performance in key financial metrics, reflecting its commitment to transparency and responsible management of resources.
The organization excels in maintaining a majority independent board, with all members being independent, and has strong governance policies in place such as a conflict of interest policy and a whistleblower policy. Additionally, it demonstrates a solid financial structure, evidenced by a low liabilities-to-assets ratio of 15.99% and a program expense ratio of 75.75%, which indicates that a significant portion of its expenses goes directly into its programs.
There are no noted limitations in the data, highlighting a robust operational framework without material diversion of assets. The organization effectively communicates its financial standing and governance practices on its website, reinforcing its dedication to transparency and accountability to donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bayou Area Habitat For Humanity legitimate?
Bayou Area Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayou Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,446
For more financial information, click here
Official website here: www.bayouhabitat.org
What is the mission statement of Bayou Area Habitat For Humanity?
Bayou Area Habitat for Humanity's mission is centered around constructing homes for families with low income. The organization generates revenue through mortgage interest income from loans provided to eligible homeowners and profits from early mortgage loan payouts, either through home sales or refinancing with external financial institutions. Their primary focus lies in the construction of residential housing within local parishes, aiming to provide affordable housing options for those in need.
Official website here: www.bayouhabitat.org
What is the revenue of Bayou Area Habitat For Humanity?
Bayou Area Habitat For Humanity's revenue in 2024 was $423,780.
Official website here: www.bayouhabitat.org
Who are the executives of Bayou Area Habitat For Humanity and what are their salaries?
The average compensation at Bayou Area Habitat For Humanity during 2024 was $9,908. There are 6 employees at Bayou Area Habitat For Humanity.
Here are 11 key members and their salaries:
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Official website here: www.bayouhabitat.org
Where can I find the form 990 for Bayou Area Habitat For Humanity?
Bayou Area Habitat For Humanity's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bayouhabitat.org
Learn more at the official website: www.bayouhabitat.org
Mission Statement of Bayou Area Habitat For Humanity
Bayou Area Habitat for Humanity is an organization dedicated to constructing homes for low-income families. Their mission is multi-faceted, encompassing the generation of mortgage interest income through loans to eligible homeowners and income from early mortgage loan payouts, where the homeowner chooses to sell or refinance with an external financial institution. The primary focus of Bayou Area Habitat for Humanity lies in the construction of residential housing for families with limited financial means, within the local parishes. This mission serves to provide affordable housing solutions, empowering families to build a stable and secure future.
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Impact
July, 2024
Bayou Area Habitat For Humanity's impact can be seen in the construction of homes for low-income families in local parishes. Through their programs, they provide affordable housing options for those in need, allowing them to become homeowners and build stable futures. This not only helps families achieve the dream of homeownership but also contributes to the overall community by fostering stability and economic empowerment.
This information is meant to be a general summary of Bayou Area 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 2024.
- Program Service Revenue: $162,912
- Gross Receipts: $423,780
Assets and Liabilities:
- Total Assets: $3,580,573
- Total Liabilities: $559,525
- Net Assets: $3,021,048
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE DISCOUNT AMOR
Revenue
$107,424
SALES TO HOMEOWNERS
Revenue
$55,488
Organization Details
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