Overview
What is Loveland Habitat For Humanity Inc?
Loveland Habitat for Humanity Inc. is a charitable organization based in Loveland, Colorado, dedicated to constructing safe, affordable homes for eligible homebuyers earning between 35% and 69% of the area median income, as per HUD's definition. The nonprofit has been serving the community since 1987, having assisted over 171 families through its home construction program. Between July 1, 2022, and June 30, 2023, Loveland Habitat sold newly constructed houses to six qualified families. The organization manages a mortgage portfolio of 34 loans for homeowners who have completed the homeowner education program and invested sweat equity. Homes are sold to individuals and families meeting the organization's income criteria, with mortgage payments equating to 30% of their monthly income. Loveland Habitat offers zero-interest loans and financial and homebuyer education programs to help build a solid foundation for future success. Through these initiatives, the organization aims to provide strength, stability, and self-reliance to the community, ultimately striving for a world where everyone has a decent place to live.
Official website here: www.lovelandhabitatforhumanity.org
Is Loveland Habitat For Humanity Inc legitimate?
Loveland Habitat For Humanity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loveland 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.
Here are some key statistics you may want to consider:
Executive Compensation: $130,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $927,709
For more financial information, click here
Official website here: www.lovelandhabitatforhumanity.org
What is the mission statement of Loveland Habitat For Humanity Inc?
Loveland Habitat for Humanity Inc's mission is centered around providing shelter, fostering strength, stability, and self-reliance within the community. Their ultimate vision is a world where everyone has access to a decent place to live. Through partnerships with donors, volunteers, and partner families, they construct safe, affordable homes for individuals and families who earn between 35%-69% of the annual median income. This initiative empowers those served, allows for community investment, and supports future growth. As an affiliate of Habitat for Humanity International, Loveland Habitat for Humanity contributes to the global mission of bringing people together to build homes, communities, and hope, adhering to a non-proselytizing policy. Their activities extend to offering financial and homebuyer education programs, equipping participants with essential financial skills to secure long-term success in homeownership.
Official website here: www.lovelandhabitatforhumanity.org
Who is the CEO of Loveland Habitat For Humanity Inc?
Cindi Hammond is the President of Loveland Habitat For Humanity Inc.
Official website here: www.lovelandhabitatforhumanity.org
What is the revenue of Loveland Habitat For Humanity Inc?
Loveland Habitat For Humanity Inc's revenue in 2023 was $5,061,516.
Official website here: www.lovelandhabitatforhumanity.org
Who are the executives of Loveland Habitat For Humanity Inc and what are their salaries?
The average compensation at Loveland Habitat For Humanity Inc during 2023 was $34,129. There are 31 employees and 834 volunteers at Loveland Habitat For Humanity Inc.
Here are 12 key members and their salaries:
- Cindi Hammond (Executive Director)
- Kyle Archer (President) [Trustee/Director]
- John Feeney (Vice President) [Trustee/Director]
- Maria Cabrera (Treasurer) [Trustee/Director]
- Dr Jane Brewer (Secretary) [Trustee/Director]
- Mike Urbom (Board Member) [Trustee/Director]
- Pastor Chris Davis (Board Member) [Trustee/Director]
- Bruce Mcdaniel (Board Member) [Trustee/Director]
- Tim Littlejohn (Board Member) [Trustee/Director]
- Tiffany Brodie (Board Member) [Trustee/Director]
- Roger Wedderburn (Board Member) [Trustee/Director]
- Pete Levine (Board Member) [Trustee/Director]
Official website here: www.lovelandhabitatforhumanity.org
Where can I find the form 990 for Loveland Habitat For Humanity Inc?
The Loveland Habitat For Humanity Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.lovelandhabitatforhumanity.org
Learn more at the official website: www.lovelandhabitatforhumanity.org
Mission Statement of Loveland Habitat For Humanity Inc
Loveland Habitat for Humanity Inc is committed to providing low-income housing to qualified individuals within its community. Through its mission, the organization aims to construct safe, decent, and affordable homes for those who earn between 35%-69% of the annual median income, as defined by HUD. This initiative empowers individuals and families to improve their living conditions, invest in their community, and lay a foundation for future growth. Since its inception in 1987, Loveland Habitat for Humanity has served over 171 homebuyers through its home construction program, selling newly constructed homes to six qualified families between July 1, 2022, and June 30, 2023.
In addition to home construction, Loveland Habitat for Humanity also offers a mortgage portfolio for homeowners who have participated in its homeowner education program. Each mortgage holder invests up to 250 hours of sweat equity as a participant in the homeownership program, providing an opportunity to contribute to their future home. Mortgages are structured so that families pay 30% of their monthly income towards housing costs, and Loveland Habitat for Humanity offers zero-percent interest on these loans.
Financial and homebuyer education programs are an essential part of Loveland Habitat for Humanity's mission. Through these workshops, individuals receive valuable instruction on topics such as budgeting, understanding and managing credit, debt, and loans, savings, investing, and planning for the future. By participating in these classes, individuals acquire the tools necessary to build a better future and overcome potential barriers to homeownership. Overall, Loveland Habitat for Humanity is dedicated to improving the lives of low-income families by providing them with affordable housing, financial education, and opportunities for self-reliance and community investment.
Impact
This information is meant to be a general summary of Loveland Habitat For Humanity Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Loveland Habitat For Humanity Inc's impact can be seen through its dedicated efforts to provide safe, decent, and affordable housing for qualified individuals and families in the Loveland, Colorado area. Through their home construction program, Loveland Habitat for Humanity has served more than 171 homebuyers since 1987, with 6 new homes being sold to qualified families between July 1, 2022, and June 30, 2023.
In addition to home construction, Loveland Habitat For Humanity offers a mortgage portfolio of 34 mortgages, structured to ensure that families pay 30% of their monthly income toward housing costs with zero percent interest. This program empowers low to moderate-income individuals and families to achieve homeownership and invest in their community.
Furthermore, Loveland Habitat For Humanity's commitment to financial and homebuyer education through workshops covering topics such as budgeting, credit management, savings, and homeownership has equipped participants with valuable tools for long-term success and stability.
By providing housing solutions, financial education, and support to the community, Loveland Habitat For Humanity Inc is making a tangible and meaningful impact on the lives of individuals and families in need in Loveland, Colorado.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$1,730,023
MORTGAGE DISCOUNT
Revenue
$142,167
Organization Details
Founding Year
1987
Phone
(970) 669-9769
Principal Officer
Cindi Hammond
Main Address
PO BOX 56, LOVELAND, CO, 80539
NTEE Category
Code: L20 - Housing
If you are a representative of Loveland Habitat For Humanity 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.