Overview
What is Verde Valley Habitat For Humanity Inc?
Verde Valley Habitat for Humanity Inc, situated in Cottonwood, Arizona, is a dedicated nonprofit organization focused on providing decent housing solutions for qualified low-income families. The organization adheres to guidelines set by Habitat International, ensuring that deserving families can purchase homes through low or no-interest loans. Their RE Store serves as a vital resource, selling donated items to the public, thereby generating funds to build, purchase, or renovate homes for families who otherwise may not have the means to own a home. The organization meticulously manages and minimizes administrative and RE Store expenses through reviewed budgets and supervision from the Executive Director and the Board to maximize the impact on the communities they serve.
Official website here: www.vvhabitat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Verde Valley Habitat For Humanity has achieved a commendable score of 77%, reflecting a solid performance in terms of accountability and finance. The organization boasts a fully independent board, which is a positive indicator of governance. With no issues related to asset diversion and a high program expense ratio, the charity demonstrates a strong commitment to directing funds towards its mission.
However, there are notable limitations in its accountability measures, specifically with the absence of a whistleblower policy, which could impact transparency and internal reporting. While the charity has several strengths, such as documented board meeting minutes and a conflict of interest policy, the missing policy could be a concern for potential donors who prioritize governance practices.
Overall, Verde Valley Habitat For Humanity shows a strong financial standing and governance structure, but it would benefit from addressing the gaps in its accountability framework to enhance trust and credibility among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Verde Valley Habitat For Humanity Inc legitimate?
Verde Valley Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verde Valley Habitat For Humanity 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,601
For more financial information, click here
Official website here: www.vvhabitat.org
What is the mission statement of Verde Valley Habitat For Humanity Inc?
Verde Valley Habitat for Humanity Inc. is dedicated to providing a chance for deserving families to purchase decent housing, offering them low or no-interest loans. The organization operates a ReStore, where donated items are sold to the public, generating funds to purchase, build, or renovate homes for sale to families who otherwise couldn't afford to buy a house. The mission aligns with Habitat International's guidelines, aiming to provide homes for low-income qualified families. The ReStore plays a crucial role in funding the construction of homes, and administrative expenses are kept minimal through strict budget management and oversight by the organization's executive director and board.
Official website here: www.vvhabitat.org
Who is the CEO of Verde Valley Habitat For Humanity Inc?
Scott Worden is the Board Chairm of Verde Valley Habitat For Humanity Inc.
Official website here: www.vvhabitat.org
What is the revenue of Verde Valley Habitat For Humanity Inc?
Verde Valley Habitat For Humanity Inc's revenue in 2022 was $916,716.
Official website here: www.vvhabitat.org
Who are the executives of Verde Valley Habitat For Humanity Inc and what are their salaries?
The average compensation at Verde Valley Habitat For Humanity Inc during 2022 was $13,264. There are 25 employees at Verde Valley Habitat For Humanity Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vvhabitat.org
Where can I find the form 990 for Verde Valley Habitat For Humanity Inc?
Verde Valley Habitat For Humanity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vvhabitat.org
Learn more at the official website: www.vvhabitat.org
Mission Statement of Verde Valley Habitat For Humanity Inc
Verde Valley Habitat for Humanity Inc is dedicated to offering a chance for deserving families to acquire decent housing through low or no-interest loans. The organization operates an RE Store, where donated items are sold to the public, generating funds to purchase, construct, or renovate homes meant for resale to families who, otherwise, would be unable to purchase and own a home. This nonprofit adheres to guidelines established by Habitat International to provide homes for qualified low-income families. To minimize administrative and RE Store expenses, the organization manages its budgets meticulously and receives oversight from its Executive Director and Board.
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Impact
July, 2024
Verde Valley Habitat For Humanity Inc provides opportunities for deserving families to purchase decent housing with low or no interest loans. Through their operations, including the ReStore where donated items are sold to the public, they earn funds to purchase, build, or renovate homes for resale to families that otherwise would not be able to own a home. By following guidelines established by Habitat International, the organization provides homes for qualified low-income families. They manage administrative and ReStore expenses by reviewing budgets and overseeing operations, all in efforts to keep costs to a minimum.
Their impact is significant in Cottonwood, AZ, as they address the housing needs of qualified low-income families, providing them with a path to homeownership that they might not have otherwise. Through their dedicated work, Verde Valley Habitat For Humanity Inc contributes to creating stable and secure living environments for families in need in their community.
This information is meant to be a general summary of Verde Valley Habitat For Humanity 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: $225
- Program Service Revenue: $284,032
- Gross Receipts: $916,716
Assets and Liabilities:
- Total Assets: $1,891,416
- Total Liabilities: $869,514
- Net Assets: $1,021,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE-THRIFT STORE
Revenue
$430,081
OTHER MISC PROG REVENUE
Revenue
$3,169
PROGRAM PROPERTY REVENUE
Revenue
-$149,218
Organization Details
Founding Year
1995
Phone
(928) 649-6788Principal Officer
Scott Worden
Main Address
737 SO MAIN STREET, COTTONWOOD, AZ, 86326
Website
www.vvhabitat.orgNTEE Category
Code: L20 - Housing
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