Overview
What is The Endowment For Houston Habitat For Humanity?
The Endowment For Houston Habitat For Humanity serves as an essential component for Houston Habitat for Humanity by managing and investing its assets. This endowment fund's primary mission is to make periodic distributions to the supported organization, while also performing any necessary functions to uphold the organization's purpose. Located at 3750 N McCarty, Houston, Texas 77029, this endowment fund plays a crucial role in supporting Houston Habitat for Humanity's initiatives by leveraging its financial resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Endowment For Houston Habitat For Humanity has achieved an impressive score of 94%, reflecting strong performance in accountability and finance. This high rating indicates that the organization is effectively managing its resources and maintaining transparency, which is critical for donor trust and engagement.
The charity demonstrates excellent governance with a fully independent board, receiving top marks for both board composition and the absence of material asset diversion. Furthermore, adherence to policies regarding conflict of interest, whistleblower protections, and document retention further enhances its accountability framework. The organization also allocates a significant portion of its expenses (76.31%) directly to its programs, highlighting its commitment to fulfilling its mission.
While the data showcases notable strengths, the focus on accountability and financial management means other aspects of the organization's impact may not be reflected in this rating. Potential donors should consider reaching out to learn more about its specific programs and community outcomes to gain a fuller picture of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Endowment For Houston Habitat For Humanity legitimate?
The Endowment For Houston Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Endowment For Houston 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: $0
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What is the mission statement of The Endowment For Houston Habitat For Humanity?
The Endowment For Houston Habitat For Humanity exists as an endowment fund, with its primary mission being to support Houston Habitat for Humanity, Inc. By investing its assets and making periodic distributions, the Endowment's role is to aid its supported organization in fulfilling its purpose. The Endowment performs additional functions as necessary to contribute to the overall mission of Houston Habitat for Humanity. Its mission is essentially to serve as a financial backbone, providing sustained support to help Houston Habitat for Humanity in its mission to provide affordable housing solutions and promote homeownership opportunities for low-income families.
Who is the CEO of The Endowment For Houston Habitat For Humanity?
Reverend Harvey Clemons is the Principal Officer of The Endowment For Houston Habitat For Humanity.
What is the revenue of The Endowment For Houston Habitat For Humanity?
The Endowment For Houston Habitat For Humanity's revenue in 2022 was $183,360.
Who are the executives of The Endowment For Houston Habitat For Humanity and what are their salaries?
There 6 volunteers at The Endowment For Houston Habitat For Humanity.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Endowment For Houston Habitat For Humanity?
The Endowment For Houston Habitat For Humanity's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Endowment For Houston Habitat For Humanity
The Endowment for Houston Habitat for Humanity is an organization primarily dedicated to serving as an endowment fund for its supported entity, Houston Habitat for Humanity, Inc. Its mission is to invest the assets of Houston Habitat for Humanity, make periodic distributions to the organization, and perform any necessary functions to fulfill the purpose of Habitat. In essence, the Endowment acts as a financial steward, ensuring the long-term sustainability and growth of Houston Habitat for Humanity to continue its mission of providing affordable housing solutions for low-income families in the community.
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Impact
October, 2024
The Endowment For Houston Habitat For Humanity significantly enhances housing stability and development in the Houston community. By serving as an endowment fund, it strategically invests assets and ensures consistent financial support through periodic distributions. This financial infrastructure enables Houston Habitat for Humanity to continue its vital work of providing safe, affordable housing for families in need.
The endowment’s impact extends beyond immediate funding; it strengthens the sustainability of housing initiatives by generating a reliable source of income. This allows Houston Habitat for Humanity to focus on expanding its outreach and services, ultimately improving living conditions and fostering hope among residents. Through effective asset management and dedicated support, the Endowment For Houston Habitat For Humanity plays a crucial role in building a stronger, more resilient community.
This information is meant to be a general summary of The Endowment For Houston 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: $183,360
- Gross Receipts: $1,447,510
Assets and Liabilities:
- Total Assets: $6,812,590
- Total Liabilities: $0
- Net Assets: $6,812,590
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Organization Details
Founding Year
1999
Phone
(713) 671-9993Principal Officer
Reverend Harvey Clemons
Main Address
3750 N McCarty, Houston, TX, 77029
NTEE Category
Code: L11 - Housing
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