Overview
What is Austin Habitat For Humanity Inc?
Austin Habitat for Humanity Inc is a nonprofit organization based in Austin, Texas, with a vision to create a world where everyone has access to a decent, affordable place to live. Their mission, driven by faith in action, brings people together to construct homes and build communities, offering hope to families in need. The home construction program empowers families earning between 50% and 80% of the median income to build and purchase a home with an affordable mortgage. These homes, earning the Austin Green Building Program's three-star rating, are energy efficient and contribute to lower utility costs and environmental improvement. Partner families contribute 300 hours of 'sweat equity' to the construction of their future home and others', and participate in eight courses of homebuyer education and financial literacy to prepare for the transition to homeownership. Austin Habitat for Humanity also provides housing counseling and financial/credit counseling services, helping families throughout their homeownership journey. The organization currently employs 197 individuals.
Official website here: www.austinhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
Austin Habitat For Humanity Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance across various metrics. The organization excels in accountability and finance, cultural engagement, and adaptability, showcasing a commitment to transparency and effective use of resources. With a program expense ratio of 84.74%, it demonstrates a high dedication to its mission of providing affordable housing.
The organization boasts a fully independent board, demonstrating robust governance with 100% independent members. Its financial health is commendable, with a working capital ratio of 2.28 years and no material diversion of assets, indicating stability and responsible management. The feedback mechanisms in place are highly effective, scoring a perfect 100 in both collection and usage, underscoring its commitment to continuous improvement based on community input.
While the organization shows strong leadership development and equity strategies, there is always room for growth in areas such as the liabilities to assets ratio, which stands at 41.48%. Overall, Austin Habitat For Humanity Inc exemplifies a dedicated nonprofit with a clear mission, responsible financial practices, and a strong community focus.
This AI summary has been generated from information found on Charity Navigator.
Is Austin Habitat For Humanity Inc legitimate?
Austin Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Austin 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: $598,734
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,689,893
For more financial information, click here
Official website here: www.austinhabitat.org
What is the mission statement of Austin Habitat For Humanity Inc?
Austin Habitat for Humanity Inc is dedicated to building decent and affordable homes for families. Through a collaborative effort that brings people together, the organization helps construct houses and create communities while fostering hope. The program serves families earning between 50% and 80% of the median income, offering them an opportunity to buy a home with an affordable mortgage. The homes built by Austin Habitat for Humanity are energy-efficient, earning a minimum of three stars under the Austin Green Building Program, reducing utility costs and contributing to the environment. Partner families contribute 300 hours of sweat equity toward the construction of their future home and that of other families. They also receive homebuyer education and financial literacy training to prepare for homeownership. Counseling and assistance services are provided throughout their homeownership journey, ensuring the financial well-being of families. Additionally, housing and financial/credit counseling services are available for families who apply but don't qualify at the time.
Official website here: www.austinhabitat.org
Who is the CEO of Austin Habitat For Humanity Inc?
Michele Anderson is the Principal Officer of Austin Habitat For Humanity Inc. The CEO's salary of Austin Habitat For Humanity Inc is $245,101 and their total compensation is $263,998.
Official website here: www.austinhabitat.org
What is the revenue of Austin Habitat For Humanity Inc?
Austin Habitat For Humanity Inc's revenue in 2022 was $25,429,155.
Official website here: www.austinhabitat.org
Who are the executives of Austin Habitat For Humanity Inc and what are their salaries?
The average compensation at Austin Habitat For Humanity Inc during 2022 was $31,922. There are 197 employees and 7517 volunteers at Austin Habitat For Humanity Inc.
Here are 35 key members and their salaries (Austin Habitat For Humanity Inc's CEO's salary is $245,101 and their total compensation is $263,998):
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Official website here: www.austinhabitat.org
Where can I find the form 990 for Austin Habitat For Humanity Inc?
Austin Habitat For Humanity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.austinhabitat.org
Learn more at the official website: www.austinhabitat.org
Mission Statement of Austin Habitat For Humanity Inc
Austin Habitat for Humanity Inc, a nonprofit organization, strives towards creating a world where everyone has access to a decent and affordable place to live. Through their mission grounded in faith in action, they bring together individuals to construct homes, build communities, and foster hope.
The heart of Austin Habitat for Humanity's work lies in their Home Construction Program. This initiative serves families earning between 50% and 80% of the median income, granting them the opportunity to purchase an affordable home with a reasonable mortgage payment. The organization's homes are designed to meet the highest standards, earning three stars under the Austin Green Building Program. Aside from reducing utility costs and improving the environment, the energy-efficient homes help improve the financial well-being of families.
Partner families contribute to the construction of their future homes as well as other partner homes by volunteering 300 hours of 'sweat equity.' This commitment not only promotes a sense of community but also helps families develop essential skills and prepare for homeownership. To ensure families are well-equipped for the transition to homeownership, Austin Habitat for Humanity offers eight courses of homebuyer education and financial literacy training. The organization's one-on-one housing counseling, provided since 2004, has been instrumental in sustaining the financial well-being of partner families.
Austin Habitat for Humanity also extends its support to families who enter the program but aren't yet qualified for homeownership. The organization offers housing and financial/credit counseling services to help families overcome any financial obstacles and eventually become eligible for homeownership.
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Impact
October, 2024
Austin Habitat For Humanity Inc significantly impacts the community by addressing the critical need for affordable housing. With a vision of ensuring that everyone has a decent and affordable place to live, the organization brings together families and volunteers to construct homes for those earning 50% to 80% of the median income.
Through its home construction program, qualified families gain the opportunity to build and purchase homes at a price they can afford, complete with manageable mortgage payments. These homes not only provide stability but also meet high environmental standards, earning 3 stars under the Austin Green Building Program, which helps reduce utility costs and contributes positively to the environment.
In addition to building homes, Austin Habitat fosters a sense of community by requiring partner families to invest 300 hours of "sweat equity" into the construction process, not only for their own homes but for others as well. This involvement creates a strong bond among families and enhances their connection to their new neighborhoods.
The organization prioritizes education and financial preparedness, offering courses in homebuyer education and financial literacy, essential for a successful transition to homeownership. One-on-one housing counseling has been instrumental in ensuring the long-term financial well-being of these families since 2004. Austin Habitat also continues to support families who may not initially qualify for homeownership, providing them with the necessary resources and guidance to achieve their goal of owning a home.
Through these comprehensive efforts, Austin Habitat for Humanity cultivates hope, builds communities, and transforms lives, empowering families towards sustainable and affordable housing solutions.
This information is meant to be a general summary of Austin 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 2022.
- Investment Income: -$348,146
- Program Service Revenue: $4,181,411
- Gross Receipts: $34,940,059
Assets and Liabilities:
- Total Assets: $53,731,820
- Total Liabilities: $22,290,760
- Net Assets: $31,441,060
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF HOMES
Revenue
$3,250,902
MANAGEMENT FEE
Revenue
$444,000
MORTGAGE DISCOUNT AND AMORTIZATIO
Revenue
$392,643
Organization Details
Founding Year
1985
Phone
(512) 472-8788Principal Officer
Michele Anderson
Main Address
500 W BEN WHITE BLVD, AUSTIN, TX, 78704
Website
www.austinhabitat.orgNTEE Category
Code: L20 - Housing
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