Overview
What is Greater Albuquerque Habitat For Humanity?
Greater Albuquerque Habitat for Humanity is a dedicated nonprofit organization situated in Albuquerque, New Mexico. Their primary mission is to strengthen the community by constructing homes for low-income families, thereby enabling them to own affordable and energy-efficient dwellings. They achieve this goal through their ReStore, a retail outlet that sells donated, gently used home and building materials at reduced prices. The profits generated from these sales contribute to funding Habitat's programs and administrative costs, with any excess profits channeled towards home construction. The organization employs a workforce of 35 individuals, actively working towards improving living conditions for families in need.
Official website here: www.habitatabq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Greater Albuquerque Habitat For Humanity has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. With an impressive score of 91 in the Accountability & Finance category, the organization demonstrates strong financial practices, including full independence of its board members and effective oversight mechanisms.
While the organization excels in leadership and adaptability, scoring a perfect 100, it faces challenges in measuring impact, earning only 60 points in that area. Additionally, the program expense ratio indicates that nearly 70% of its resources are directed towards programmatic activities, which is commendable, although there is room for improvement in fundraising efficiency.
The nonprofit's commitment to community engagement and feedback is noteworthy, with perfect scores in feedback collection and usage, highlighting an effective approach to incorporating stakeholder input. Overall, Greater Albuquerque Habitat For Humanity shows a strong foundation but could enhance its impact measurement and fundraising strategies to further improve its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Albuquerque Habitat For Humanity legitimate?
Greater Albuquerque Habitat For Humanity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Albuquerque 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: $170,985
Professional Fundraising Fees: $0
Other Salaries and Wages: $867,757
For more financial information, click here
Official website here: www.habitatabq.org
What is the mission statement of Greater Albuquerque Habitat For Humanity?
Greater Albuquerque Habitat for Humanity's mission is centered around strengthening the community by constructing homes for low-income families. The organization strives to make it possible for these families to acquire decent, affordable, and energy-efficient housing units. This mission is accomplished one family and one home at a time, contributing to the betterment of the community as a whole.
To fund its initiatives, Greater Albuquerque Habitat for Humanity operates a retail outlet named ReStore. This store sells donated, gently used building and home furnishing items at prices below retail, generating profits that help finance the organization's programs and cover administrative costs. Any excess profits are then directed towards the construction of new homes.
Official website here: www.habitatabq.org
Who is the CEO of Greater Albuquerque Habitat For Humanity?
Mark Lujan is the Finance Dir. of Greater Albuquerque Habitat For Humanity.
Official website here: www.habitatabq.org
What is the revenue of Greater Albuquerque Habitat For Humanity?
Greater Albuquerque Habitat For Humanity's revenue in 2023 was $3,417,365.
Official website here: www.habitatabq.org
Who are the executives of Greater Albuquerque Habitat For Humanity and what are their salaries?
The average compensation at Greater Albuquerque Habitat For Humanity during 2023 was $29,678. There are 35 employees and 2518 volunteers at Greater Albuquerque Habitat For Humanity.
Here are 14 key members and their salaries:
- Compensation: $71,441
- Related: $0
- Other: $12,255
- Compensation: $73,691
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- Other: $2,503
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Official website here: www.habitatabq.org
Where can I find the form 990 for Greater Albuquerque Habitat For Humanity?
Greater Albuquerque Habitat For Humanity's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.habitatabq.org
Learn more at the official website: www.habitatabq.org
Mission Statement of Greater Albuquerque Habitat For Humanity
Greater Albuquerque Habitat for Humanity is committed to strengthening the community by constructing homes for low-income families. With a vision to provide decent, affordable, and energy-efficient living spaces, this nonprofit organization works tirelessly to make homeownership a reality for those who may not otherwise be able to afford it. Their mission is deeply rooted in the belief that every family deserves a secure and comfortable living environment.
The primary focus of Greater Albuquerque Habitat for Humanity is to build the community, one home at a time. By offering affordable housing solutions, the organization empowers families to take control of their living situations, fostering a sense of pride and stability. Their work goes beyond just constructing homes; they ensure the homes they build are energy-efficient, promoting environmental sustainability and lower utility bills for the homeowners.
The organization's efforts are not limited to home construction alone. They also operate ReStore, a retail outlet that sells donated building materials and home furnishings at discounted prices. The profits generated from ReStore sales are used to fund Habitat programs and cover administrative costs, with any excess profits being directed towards constructing more homes. This innovative approach not only supports their mission but also contributes to the local economy by recycling and reusing materials.
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Impact
July, 2024
Greater Albuquerque Habitat For Humanity's impact is significant in providing low-income families in Albuquerque, NM, with the opportunity to own decent, affordable, and energy-efficient homes. Through their mission of building the community one home, one family at a time, they are making a tangible difference in improving the lives of families in need. Additionally, their ReStore initiative not only offers affordable building and home furnishing items to the community but also helps fund Habitat programs and administrative costs, ultimately contributing to the construction of more homes for those in need. This organization's dedication to housing is evident in their impactful work within the community.
This information is meant to be a general summary of Greater Albuquerque 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 2023.
- Investment Income: $62,427
- Program Service Revenue: $350,500
- Gross Receipts: $4,776,311
Assets and Liabilities:
- Total Assets: $10,581,438
- Total Liabilities: $1,243,189
- Net Assets: $9,338,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Discount Amortization Inc
Revenue
$200,072
Home Repair Income
Revenue
$5,973
Home Sales
Revenue
$130,000
Mortgage Late Fees
Revenue
$5,111
Recycling Income
Revenue
$9,344
Organization Details
Founding Year
1987
Phone
(505) 265-0057Principal Officer
Mark Lujan
Main Address
4900 Menaul Blvd NE, Albuquerque, NM, 87110
Website
www.habitatabq.orgNTEE Category
Code: L20Z - Housing
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