Overview
What is Habitat For Humanity Of Laredo Inc?
Habitat for Humanity of Laredo Inc, situated in Laredo, Texas, is a distinguished nonprofit organization affiliated with Habitat for Humanity International. As a nondenominational Christian entity, their primary mission is to provide decent, affordable housing for individuals in need and promote the notion that everyone deserves adequate shelter. In the recent fiscal year, five families were fortunate enough to move into newly built homes, while construction began on two more homes. At the conclusion of the year, two houses were still under construction, indicating ongoing commitment and dedication to their cause. With a team of 15 dedicated individuals, Habitat for Humanity of Laredo Inc continues to make a significant impact in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Habitat for Humanity of Laredo Inc has earned a strong Four-Star rating from Charity Navigator, reflecting its high performance in accountability and finance. With a score of 96%, the organization demonstrates effective financial management and transparency, which is crucial for donors looking to support responsible nonprofits. The rating is based solely on the Accountability & Finance beacon, indicating robust oversight and governance practices.
One of the organization's strengths lies in its independent board composition, with 100% of board members being independent, which enhances decision-making and reduces conflicts of interest. Additionally, the charity maintains comprehensive financial statements that are audited, and it has instituted important policies such as conflict of interest and whistleblower protections, further solidifying its commitment to ethical operations.
While the charity shows a commendable program expense ratio of 87.41%, indicating that a significant portion of its funds are directed towards its programs, it also maintains a low liabilities-to-assets ratio of 0.24%. This low ratio suggests financial stability, allowing Habitat for Humanity of Laredo to focus resources on fulfilling its mission without excessive debt.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Laredo Inc legitimate?
Habitat For Humanity Of Laredo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Laredo 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $392,892
For more financial information, click here
What is the mission statement of Habitat For Humanity Of Laredo Inc?
Habitat For Humanity Of Laredo Inc, as an affiliate of Habitat for Humanity International, is a nondenominational Christian nonprofit organization with a mission to create decent, affordable housing for individuals in need. This organization strives to make decent shelter a concern that resonates with people worldwide. Its objective is to address the lack of affordable housing and contribute to making this issue a matter of moral responsibility for society. Habitat For Humanity Of Laredo Inc's activities focus on constructing and providing decent homes for families who are in need, with the ultimate goal of improving their living conditions.
Who is the CEO of Habitat For Humanity Of Laredo Inc?
Melissa Guerra is the Member of Habitat For Humanity Of Laredo Inc.
What is the revenue of Habitat For Humanity Of Laredo Inc?
Habitat For Humanity Of Laredo Inc's revenue in 2022 was $1,789,255.
Who are the executives of Habitat For Humanity Of Laredo Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Laredo Inc during 2022 was $26,193. There are 15 employees and 700 volunteers at Habitat For Humanity Of Laredo Inc.
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Where can I find the form 990 for Habitat For Humanity Of Laredo Inc?
Habitat For Humanity Of Laredo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Habitat For Humanity Of Laredo Inc
Habitat for Humanity of Laredo Inc, as an affiliate of Habitat for Humanity International Inc, is a nondenominational Christian nonprofit organization with a clear mission. Their primary objective is to construct and provide decent, affordable housing for individuals in need, thereby making the provision of adequate shelter a moral responsibility for people globally. The organization's purpose is not only to build homes but also to foster a sense of responsibility towards this fundamental need, encouraging individuals to recognize its significance in their own communities and beyond. By doing so, Habitat for Humanity of Laredo Inc aims to contribute to a more equitable and compassionate society, ensuring that everyone has access to a safe and dignified living space.
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Impact
July, 2024
Habitat For Humanity Of Laredo Inc's impact includes providing decent, affordable housing for those in need. In the past year, the organization helped 5 families move into new homes and started construction on 2 additional homes. As a result of their efforts, more families in Laredo, TX now have access to safe and stable housing.
This information is meant to be a general summary of Habitat For Humanity Of Laredo 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.
- Program Service Revenue: $755,269
- Gross Receipts: $1,789,255
Assets and Liabilities:
- Total Assets: $2,345,999
- Total Liabilities: $4,793
- Net Assets: $2,341,206
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Restore Sales
Revenue
$226,105
Transfer to Homeowners
Revenue
$415,000
Mortgage Discount Amortization
Revenue
$93,237
Administrative Fees
Revenue
$20,927
Organization Details
Founding Year
1994
Phone
(956) 724-3227Principal Officer
Melissa Guerra
Main Address
4703 Warehouse Lane, Laredo, TX, 78041
NTEE Category
Code: L20 - Housing
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