Overview
What is Erath County Habitat For Humanity?
Erath County Habitat for Humanity, situated in Stephenville, Texas, is a dedicated nonprofit organization. Their primary mission is to offer affordable housing solutions within the community. By providing low-cost homes, they strive to make housing more accessible for individuals and families in need. The organization's activities are rooted in this mission, ensuring they play a vital role in addressing the local housing affordability concerns.
Official website here: www.erathcountyhabitatforhumanity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Star rating)
Erath County Habitat For Humanity has received a low score of 57%, resulting in a One-Star rating, which reflects concerns regarding its accountability and financial management. While the organization demonstrates strong governance practices, such as having a fully independent board and appropriate policies in place, its overall financial performance raises red flags. Key financial metrics, including a high liabilities-to-assets ratio of 1.01% and a low program expense ratio of 17.64%, suggest that the organization may not be effectively utilizing its resources towards its mission.
The strengths noted include the full independence of its board members and the implementation of essential policies that support transparency and ethical governance. These aspects indicate a commitment to maintaining proper oversight and accountability. However, the charity's failure to post key documents, like its tax forms, on its website may hinder public trust and transparency, which are vital for nonprofit organizations.
Overall, while Erath County Habitat For Humanity has strong governance practices, significant financial concerns are evident. Potential donors and supporters should consider these factors carefully when evaluating the charity's effectiveness and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Erath County Habitat For Humanity legitimate?
Erath County Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erath County 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:
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For more financial information, click here
Official website here: www.erathcountyhabitatforhumanity.org
What is the mission statement of Erath County Habitat For Humanity?
Erath County Habitat for Humanity is a nonprofit organization dedicated to providing affordable housing solutions. Their mission is to make housing accessible and affordable for individuals in need. By offering low-cost housing options, they aim to contribute to the betterment of their community. The organization's work is centered around the belief that everyone deserves a safe and decent place to live. Erath County Habitat for Humanity's activities focus on housing development and management, aiming to address the housing needs of the community in a sustainable and affordable manner.
Official website here: www.erathcountyhabitatforhumanity.org
Who is the CEO of Erath County Habitat For Humanity?
Stacy Morrison is the President of Erath County Habitat For Humanity.
Official website here: www.erathcountyhabitatforhumanity.org
What is the revenue of Erath County Habitat For Humanity?
Erath County Habitat For Humanity's revenue in 2022 was $102,521.
Official website here: www.erathcountyhabitatforhumanity.org
Who are the executives of Erath County Habitat For Humanity and what are their salaries?
There 50 volunteers at Erath County Habitat For Humanity.
Here are 10 key members and their salaries:
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Official website here: www.erathcountyhabitatforhumanity.org
Where can I find the form 990 for Erath County Habitat For Humanity?
Erath County Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.erathcountyhabitatforhumanity.org
Learn more at the official website: www.erathcountyhabitatforhumanity.org
Mission Statement of Erath County Habitat For Humanity
Erath County Habitat for Humanity, as a housing development and management nonprofit, is committed to providing low-cost and affordable housing solutions. The organization's mission is to make a significant impact in the lives of individuals and families who are in need of affordable housing. By offering affordable housing options, Erath County Habitat for Humanity aims to contribute to the well-being and stability of the community. The nonprofit's mission is driven by the belief that everyone deserves a safe and secure place to call home, regardless of their financial situation. Erath County Habitat for Humanity's work is focused on addressing the housing needs of the community by providing affordable housing solutions. Through its mission, the organization seeks to improve the living conditions of its beneficiaries and contribute to the overall development of the community.
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Impact
October, 2024
Erath County Habitat for Humanity plays a vital role in addressing the affordable housing crisis in Stephenville, Texas. By focusing on providing low-cost housing solutions, the organization helps to create stable living conditions for families who may otherwise struggle to find safe and affordable homes. This initiative not only improves the quality of life for residents but also strengthens the community by fostering economic stability and promoting homeownership.
Through its efforts, Erath County Habitat for Humanity empowers individuals and families, enabling them to build equity and create a sustainable future. The impact is felt not just in the homes constructed but also in the community spirit fostered through volunteer involvement and partnerships. By prioritizing affordable housing, the organization contributes to a more inclusive and resilient community in Erath County.
This information is meant to be a general summary of Erath County 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: $33
- Program Service Revenue: $74,787
- Gross Receipts: $107,947
Assets and Liabilities:
- Total Assets: $659,301
- Total Liabilities: $35,937
- Net Assets: $623,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSE PAYMENTS
Revenue
$71,006
HOUSE PAYMENTS- ADJUSTMENT
Revenue
$2,904
HOUSE PAYMENTS LATE FEES
Revenue
$877
Organization Details
Phone
(254) 965-7321Principal Officer
Stacy Morrison
Main Address
PO BOX 505, STEPHENVILLE, TX, 76401
NTEE Category
Code: L20 - Housing
If you are a representative of Erath County Habitat For Humanity and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.