Overview
What is Habitat For Humanity Of Colorado Inc?
Habitat for Humanity of Colorado Inc is a nonprofit organization situated in Lakewood, Colorado. Its primary objective is to enhance the capacity of Habitat for Humanity affiliates across Colorado. They achieve this by securing grant funding and exploring financing options. These resources are then distributed to Habitat for Humanity of Colorado, which subsequently passes them on to affiliated organizations to aid in their mission of constructing affordable housing. In line with its mission to put God's love into action, Habitat for Humanity of Colorado fosters community development by increasing access to resources, facilitating communication between affiliates, and providing statewide leadership, aiming to create thriving communities that support healthy families. With a workforce of six individuals, this organization plays a significant role in Colorado's housing sector.
Official website here: www.habitatcolorado.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Habitat For Humanity of Colorado Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization received a score of 77%, indicating that while it meets several key financial standards, there are areas for improvement. The rating is solely based on its accountability and finance metrics, which emphasize the importance of financial transparency and responsible governance in nonprofit organizations.
One of the notable strengths of this organization is its commitment to independence in governance, with 100% of its board members being independent. This is complemented by strong financial oversight, as demonstrated by the perfect scores in areas such as audit oversight and the absence of asset diversion. The organization also effectively communicates its financial information, as evidenced by its compliance with documentation requirements and the posting of tax forms on its website.
However, there are limitations to consider; the absence of a whistleblower policy and document retention procedures could be potential areas of risk. Additionally, the liabilities to assets ratio is concerning, as it received a low score, which may indicate financial vulnerability. Despite these challenges, the high program expense ratio suggests that the majority of funds are effectively directed toward mission-driven activities.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Colorado Inc legitimate?
Habitat For Humanity Of Colorado Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Colorado 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: $108,831
Professional Fundraising Fees: $0
Other Salaries and Wages: $198,667
For more financial information, click here
Official website here: www.habitatcolorado.org
What is the mission statement of Habitat For Humanity Of Colorado Inc?
Habitat for Humanity of Colorado Inc's mission is centered around putting God's love into action. They aim to bring people together to construct homes, foster communities, and instill hope. The organization works to strengthen the capabilities of Habitat for Humanity affiliates in Colorado by expanding access to resources, promoting communication within the community, and providing statewide leadership to create thriving communities that support healthy families.
Official website here: www.habitatcolorado.org
Who is the CEO of Habitat For Humanity Of Colorado Inc?
Karen Kallenberg is the Executive Di of Habitat For Humanity Of Colorado Inc.
Official website here: www.habitatcolorado.org
What is the revenue of Habitat For Humanity Of Colorado Inc?
Habitat For Humanity Of Colorado Inc's revenue in 2022 was $2,168,482.
Official website here: www.habitatcolorado.org
Who are the executives of Habitat For Humanity Of Colorado Inc and what are their salaries?
The average compensation at Habitat For Humanity Of Colorado Inc during 2022 was $51,250. There are 6 employees and 30 volunteers at Habitat For Humanity Of Colorado Inc.
Here are 13 key members and their salaries:
- Compensation: $108,831
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- Other: $21,540
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Official website here: www.habitatcolorado.org
Where can I find the form 990 for Habitat For Humanity Of Colorado Inc?
Habitat For Humanity Of Colorado Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatcolorado.org
Learn more at the official website: www.habitatcolorado.org
Mission Statement of Habitat For Humanity Of Colorado Inc
Habitat for Humanity of Colorado Inc, with a mission rooted in putting God's love into action, brings together individuals to construct homes, communities, and hope. This nonprofit organization plays a significant role in building the capacity of Habitat for Humanity affiliates in Colorado. It achieves this by enhancing access to resources, fostering communication between affiliates and the community, and providing statewide leadership towards the creation of thriving communities that support healthy families. In essence, Habitat for Humanity of Colorado Inc aims to foster unity and improve living conditions, ultimately contributing to the well-being of families in Colorado.
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Impact
July, 2024
Habitat For Humanity Of Colorado Inc's impact is significant in building homes, communities, and hope across Colorado. By bringing people together and facilitating communication among affiliates, the organization boosts access to resources essential for constructing simple, decent, and affordable housing. This helps in creating thriving communities that support healthy families, impacting numerous lives positively. The organization's mission to put God's love into action is evident in their commitment to addressing housing challenges and fostering community development throughout Colorado.
This information is meant to be a general summary of Habitat For Humanity Of Colorado 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: $57,388
- Program Service Revenue: $98,104
- Gross Receipts: $4,695,159
Assets and Liabilities:
- Total Assets: $2,089,695
- Total Liabilities: $1,175,897
- Net Assets: $913,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PROCESSING INCOME
Revenue
$98,104
Organization Details
Founding Year
1992
Phone
(303) 454-8965Principal Officer
Karen Kallenberg
Main Address
550 S WADSWORTH BLVD SUITE 150, LAKEWOOD, CO, 80226
Website
www.habitatcolorado.orgNTEE Category
Code: L20 - Housing
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