Overview
What is Habitat For Humanity Of Boulder Valley?
Habitat for Humanity of Boulder Valley, also known as Flatirons Habitat for Humanity, is a dedicated nonprofit organization based in Lafayette, Colorado. Their primary mission is to construct affordable homes for low-income families, promoting homeownership through the investment of "sweat equity" from the future homeowners. The organization reduces the cost of these homes through the use of volunteer labor and low-interest mortgages, ensuring they are sold at no profit to the Habitat. With 18 employees, Habitat for Humanity of Boulder Valley strives to make shelter a matter of conscience, collaborating with those in need to create decent, affordable housing opportunities in the Boulder Valley area.
Official website here: www.flatironshabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Habitat For Humanity of Boulder Valley has achieved an exceptional 100% rating, reflecting its strong commitment to accountability and financial health. This rating is based solely on the Accountability & Finance Beacon, indicating that the organization adheres to high standards in operational transparency and financial management. The charity has an independent board, with all members being independent and a well-structured governance framework in place.
The organization’s financial practices are commendable, as evidenced by a material diversion of assets score of none and a high program expense ratio of 72.66%. This suggests that a significant portion of their funding is directed towards fulfilling their mission of providing affordable housing. Additionally, they have robust policies for conflict of interest, whistleblower protections, and document retention, which contribute to their overall governance integrity.
While the data is overwhelmingly positive, potential donors and supporters should always consider reaching out directly to the organization or reviewing their reports for the most current information. Overall, Habitat For Humanity of Boulder Valley exemplifies a transparent and effective nonprofit dedicated to making a meaningful impact in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Habitat For Humanity Of Boulder Valley legitimate?
Habitat For Humanity Of Boulder Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Boulder Valley 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: $116,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,839
For more financial information, click here
Official website here: www.flatironshabitat.org
What is the mission statement of Habitat For Humanity Of Boulder Valley?
Habitat for Humanity of Boulder Valley's mission is centered around creating decent, affordable housing for individuals in need. They work in partnership with these individuals, encouraging a sense of collective responsibility to make shelter a universal concern. The organization strives to construct homes for low-income families, selling them to their partners who have invested their time and effort, often referred to as 'sweat equity'. Home ownership is facilitated through low-interest mortgages. The cost of these Habitat homes is significantly reduced through the use of volunteer labor, ensuring that they are sold to the homeowners at no profit to the organization. The organization also subsidizes the construction and family services operating costs necessary to build its homes.
Official website here: www.flatironshabitat.org
Who is the CEO of Habitat For Humanity Of Boulder Valley?
Susan Lythgoe is the Executive Director of Habitat For Humanity Of Boulder Valley.
Official website here: www.flatironshabitat.org
What is the revenue of Habitat For Humanity Of Boulder Valley?
Habitat For Humanity Of Boulder Valley's revenue in 2022 was $749,556.
Official website here: www.flatironshabitat.org
Who are the executives of Habitat For Humanity Of Boulder Valley and what are their salaries?
The average compensation at Habitat For Humanity Of Boulder Valley during 2022 was $27,794. There are 18 employees and 11 volunteers at Habitat For Humanity Of Boulder Valley.
Here are 12 key members and their salaries:
- Compensation: $102,589
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- Other: $13,688
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- Other: $0
Official website here: www.flatironshabitat.org
Where can I find the form 990 for Habitat For Humanity Of Boulder Valley?
Habitat For Humanity Of Boulder Valley's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.flatironshabitat.org
Learn more at the official website: www.flatironshabitat.org
Mission Statement of Habitat For Humanity Of Boulder Valley
Habitat for Humanity of Boulder Valley, a dedicated nonprofit organization, works tirelessly to create decent and affordable housing for individuals in need. Their mission is deeply rooted in the belief that everyone deserves a safe and secure shelter, and they strive to make this a matter of conscience, not just for their local community but globally.
In partnership with those in need, Habitat for Humanity of Boulder Valley constructs homes for low-income families. This is achieved through a unique approach that involves the families investing their time, or "sweat equity," into the construction of their future home. By doing so, the families not only contribute to the building process but also develop a sense of ownership and pride in their new home.
Once completed, these homes are sold to the families at cost, with the help of low-interest mortgages. This strategy reduces the overall cost of Habitat homes, making them an affordable option for the families in need. The nonprofit relies on volunteer labor to build its homes, ensuring that no profit is made from the sales. Furthermore, Habitat for Humanity of Boulder Valley subsidizes the construction and family services operating costs necessary to build its homes, thereby expanding its capacity to provide affordable housing solutions.
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Impact
July, 2024
Habitat for Humanity of Boulder Valley creates decent, affordable housing for those in need and makes shelter a matter of conscience. Through the construction of homes for low-income families, Habitat for Humanity of Boulder Valley facilitates homeownership by selling these homes to families who have invested "sweat equity" in their properties. The organization uses volunteer labor to reduce construction costs and offers low-interest mortgages to make homeownership accessible. By subsidizing construction and family services operating costs, Habitat for Humanity of Boulder Valley ensures that homes are sold to families at no profit, ultimately working towards its mission to provide affordable housing in partnership with those in need.
This information is meant to be a general summary of Habitat For Humanity Of Boulder Valley. 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: -$233,911
- Program Service Revenue: $137,074
- Gross Receipts: $3,143,975
Assets and Liabilities:
- Total Assets: $5,964,813
- Total Liabilities: $2,417,249
- Net Assets: $3,547,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$91,718
MORTGAGE DISCOUNT AMORTIZATION
Revenue
$45,356
Organization Details
Founding Year
1993
Phone
(303) 477-3787Principal Officer
Susan Lythgoe
Main Address
201 E SIMPSON STREET, LAFAYETTE, CO, 80026
Website
www.flatironshabitat.orgNTEE Category
Code: L200 - Housing
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