Overview
What is Habitat For Humanity Missoula Inc?
Habitat for Humanity Missoula Inc is a nonprofit organization based in Missoula, Montana, with a mission to combat poverty housing within their community and globally. They achieved this mission by constructing two affordable single-family homes in 2022, utilizing over 400 volunteers who donated their time and skills for over 13,000 hours. These homes were sold to low-income families, with the revenue covering construction costs that included purchased and donated materials, professional services, and a site supervisor. The organization follows a unique funding model, as second mortgages (representing the difference between home costs and their fair market value) are only recorded and collected if the family maintains ownership of the property. Habitat for Humanity Missoula Inc employs a team of 17 individuals, dedicated to their egalitarian and faith-based cause of providing affordable housing for those in need.
Official website here: www.habitatmsla.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 98%, Four-Star out of Four Star rating
Habitat For Humanity Missoula Inc has received an impressive 98% score, reflecting strong performance in accountability and finance as well as community engagement. The organization boasts 100% independent board members and excellent financial management practices, evidenced by its perfect scores in audit oversight and lack of asset diversion. The high program expense ratio indicates a significant portion of funds goes directly to its charitable activities.
The nonprofit excels in creating an inclusive culture, with perfect scores in equity strategies and feedback usage, signifying a commitment to stakeholder involvement and responsiveness. Additionally, their financial health is solid, with a low liabilities-to-assets ratio and a robust working capital ratio, which suggests sustainability and operational stability.
However, one area noted for improvement is fundraising efficiency, where the organization scored lower, indicating potential challenges in fundraising activities. Overall, the organization demonstrates a strong commitment to transparency and effective use of resources, making it a reliable choice for donors looking to support community-oriented housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Missoula Inc legitimate?
Habitat For Humanity Missoula Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Missoula 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: $69,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,741
For more financial information, click here
Official website here: www.habitatmsla.com
What is the mission statement of Habitat For Humanity Missoula Inc?
Habitat for Humanity Missoula Inc is a nonprofit, ecumenical, and Christian housing ministry dedicated to eliminating poverty housing within their community and globally. Their mission is to construct affordable housing for low-income families. In 2022, they completed two homes, marking their 59th and 60th, with the help of more than 400 volunteers who contributed over 13,000 hours of labor. This organization is committed to addressing housing poverty by collaborating with volunteers and providing homes to deserving families.
Official website here: www.habitatmsla.com
Who is the CEO of Habitat For Humanity Missoula Inc?
Heather Harp is the Executive Director of Habitat For Humanity Missoula Inc.
Official website here: www.habitatmsla.com
What is the revenue of Habitat For Humanity Missoula Inc?
Habitat For Humanity Missoula Inc's revenue in 2022 was $2,818,956.
Official website here: www.habitatmsla.com
Who are the executives of Habitat For Humanity Missoula Inc and what are their salaries?
The average compensation at Habitat For Humanity Missoula Inc during 2022 was $24,002. There are 17 employees and 600 volunteers at Habitat For Humanity Missoula Inc.
Here are 9 key members and their salaries:
- Compensation: $70,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.habitatmsla.com
Where can I find the form 990 for Habitat For Humanity Missoula Inc?
Habitat For Humanity Missoula Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatmsla.com
Learn more at the official website: www.habitatmsla.com
Mission Statement of Habitat For Humanity Missoula Inc
Habitat for Humanity Missoula Inc, a nonprofit organization, is dedicated to eradicating poverty housing in the community and beyond, as part of a broader global mission. As an ecumenical and Christian housing ministry, its primary goal is to provide affordable housing solutions for low-income families. The organization achieves this by constructing homes, with the help of over 400 volunteers who contribute more than 13,000 hours of labor annually. In 2022, Habitat for Humanity Missoula Inc completed the construction of two homes, marking their 59th and 60th homes built. The construction costs, which include materials, professional services, and a site supervisor, are primarily covered by donations and fundraising efforts. The organization then sells these homes to eligible low-income families, with the revenue offsetting the construction costs. Second mortgages, which represent the difference between the construction costs and the homes' fair market value, are not included in the home sale revenue and are only recorded as collectible if and when they become payable.
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Impact
July, 2024
Habitat For Humanity Missoula Inc's impact includes creating affordable housing for low-income families in Missoula, Montana. In 2022, the organization constructed two single-family homes with the help of over 400 volunteers who contributed more than 13,000 hours of work. The construction costs for these homes were covered by purchased and donated materials, professional services, and a site supervisor. The revenue generated from the sale of the homes to low-income families helps to offset these costs. Additionally, Habitat For Humanity Missoula Inc operates as an ecumenical, Christian housing ministry with a mission to eliminate poverty housing in the local community and worldwide.
This information is meant to be a general summary of Habitat For Humanity Missoula 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: $5
- Program Service Revenue: $253,051
- Gross Receipts: $2,818,956
Assets and Liabilities:
- Total Assets: $4,279,783
- Total Liabilities: $361,558
- Net Assets: $3,918,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSE SALES
Revenue
$142,863
MORTGAGE DISCOUNT AMORTIZ
Revenue
$82,330
RENTAL INCOME
Revenue
$27,858
Organization Details
Founding Year
1991
Phone
(406) 549-8210Principal Officer
Heather Harp
Main Address
PO BOX 7181, MISSOULA, MT, 59807
Website
www.habitatmsla.comNTEE Category
Code: L20 - Housing
If you are a representative of Habitat For Humanity Missoula Inc 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.