nonprofit logo

Habitat For Humanity Of Gaston County Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561634454 ✦ Gastonia, NC ✦ Designated as a 501(c)(3)

Overview

What is Habitat For Humanity Of Gaston County Inc?

Habitat for Humanity of Gaston County Inc, established in 1988, is a 501(c)(3) nonprofit affiliated with the renowned Habitat for Humanity International. This organization, situated in Gastonia, North Carolina, works in collaboration with families with low incomes, typically within the 30-60% range of the area median income. The primary mission of Habitat Gaston is to facilitate the dream of homeownership for these families, leveraging unique partnerships to break down barriers such as poor credit, insufficient down payment, and excessive consumer debt that often hinder low-income families from securing mortgages. By offering tailored housing solutions, families can purchase homes within their financial reach, thereby fostering financial stability and escaping generational poverty. Habitat Gaston's ReStore program plays a significant role in this mission, accepting over 3,500 donations of gently used goods annually and diverting approximately 367,430 lbs. of waste from landfills. The ReStore program also offers economical goods, helping customers while contributing to the mission of building simple, decent homes for partner families. In addition to the homeownership program, Habitat for Humanity of Gaston County Inc also runs a Home Repair Program, which provides essential home repair services to existing homeowners within the same income range. This program aims to enhance the living conditions of these homeowners, enabling them to maintain their homes and contribute to stable communities within Gaston County.


Is Habitat For Humanity Of Gaston County Inc legitimate?

Habitat For Humanity Of Gaston County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Humanity Of Gaston County 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.

Here are some key statistics you may want to consider:

Executive Compensation: $109,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,073

For more financial information, click here


What is the mission statement of Habitat For Humanity Of Gaston County Inc?
Who is the CEO of Habitat For Humanity Of Gaston County Inc?
What is the revenue of Habitat For Humanity Of Gaston County Inc?
Who are the executives of Habitat For Humanity Of Gaston County Inc and what are their salaries?
Where can I find the form 990 for Habitat For Humanity Of Gaston County Inc?

Mission Statement of Habitat For Humanity Of Gaston County Inc

Habitat for Humanity of Gaston County Inc is committed to building decent and affordable housing in collaboration with families in need and the local community. Their mission is twofold: firstly, to create opportunities for families with low incomes, within the range of 30-60% of the area median income, to achieve homeownership; and secondly, to make the pursuit of adequate housing a matter of societal concern and action for everyone. By breaking down the barriers that often prevent low-income families from securing mortgages, such as poor credit or insufficient down payments, Habitat for Humanity of Gaston County Inc enables these families to purchase homes they can afford based on their wages. This in turn empowers families to escape the cycle of generational poverty and thrive.

In addition to their homeownership program, Habitat for Humanity of Gaston County Inc also operates a ReStore program, which accepts donations of gently used goods and diverts them from landfills. The ReStore program not only provides customers with economical goods and materials, but also offers opportunities for future homeowners to complete required sweat equity hours. Furthermore, the organization's Home Repair Program offers essential repair services to existing homeowners, ensuring that they can maintain their homes and create safe, decent living environments for their families. By providing these services, Habitat for Humanity of Gaston County Inc contributes to the stability of local communities, ultimately strengthening Gaston County as a whole.

Impact

This information is meant to be a general summary of Habitat For Humanity Of Gaston County Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Habitat For Humanity Of Gaston County Inc's impact is significant in providing decent, affordable housing opportunities to families in need within the community. By breaking down barriers to obtaining mortgages, such as poor credit and lack of down payment, the organization enables low-income families to achieve homeownership. Through this partnership, families are able to purchase homes they can afford based on their income, leading to financial stability and the ability to break the cycle of generational poverty.

Additionally, Habitat For Humanity of Gaston County's ReStore program plays a crucial role in diverting materials from landfills by accepting donations of gently used goods. This not only benefits the environment by reducing waste but also provides affordable goods to customers, with proceeds supporting the organization's mission of building simple, decent homes for partner families.

Moreover, the Home Repair Program offered by Habitat For Humanity of Gaston County helps existing low-income homeowners create safe and decent living environments, contributing to the stability of communities in Gaston County and supporting homeowners in maintaining their properties.

Overall, Habitat For Humanity Of Gaston County Inc's activities have a tangible impact on improving housing conditions, promoting financial stability, and strengthening communities within Gaston County.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $11,842
  • Program Service Revenue: $89,996
  • Gross Receipts: $1,579,657

    • Assets and Liabilities:
  • Total Assets: $9,182,989
  • Total Liabilities: $3,695,993
  • Net Assets: $5,486,996
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Sale of Homes

    Revenue

    $89,996

    Organization Details

    Founding Year

    1989

    Principal Officer

    Lisa Quisenberry

    Main Address

    PO Box 1584, Gastonia, NC, 28053

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Habitat For Humanity Of Gaston County 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.