Habitat for Humanity of Monroe County
Habitat for Humanity of Monroe County
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About this organization
Mission
Habitat for Humanity of Monroe County’s mission is to eliminate poverty housing by building decent, affordable homes in partnership with qualifying families.
About
At Habitat for Humanity of Monroe County we build strength, stability, self-reliance and shelter--the only thing we give away is an opportunity. Our mission is to expand affordable housing opportunities by partnering with people in our community. Our vision is a world where everyone has a decent place to live. Our work in Monroe County has a special urgency, as our community is the least affordable to live in the state of Indiana. To afford rental payments for a median-priced two-bedroom apartment in Bloomington (working 40 hours/week and without paying more than 30% of income on housing) an individual would need to make $21.62/hour (12% higher than the state average). All who qualify for the Habitat program do so based on the same three criteria: need for housing, ability to pay, willingness to partner. Each adult member living in a Habitat home must contribute 250 hours of volunteering, called sweat equity, prior to closing on their house. More comprehensive information about qualifying for the Habitat program can be found on the "Apply" tab. You can learn more about our families in the "Future Homeowners" tab as well. Through volunteer labor and tax-deductible donations of money and materials, our houses are sold to future homeowners and financed with affordable loans. As the homeowners pay back their affordable mortgage, the funds are reinvested in our operations in order to offer future families an opportunity for homeownership.
Interesting data from their 2019 990 filing
The non-profit's aim, as stated in the filing, is “Habitat for humanity of monroe county, inc (hfh) is a not-for-profit organization dedicated to eliminating the cycle of poverty by partnering with local families to build simple, decent, affordable housing. families pay interest-free mortgages for their homes, which are built for a lower cost because of the use of volunteer labor and donations from the community. families qualify for habitat's home ownership program by meeting three basic criteria:-need for housing-all families demonstrate that they are currently living in substandard or unaffordable housing and cannot qualify for another program or traditional home loan.-ability to pay-homeowners must be able to pay their affordable, 0% interest mortgage as well as their other expenses. their income should fall between 25-70% of the area's median income.-willingness to partner-each adult who will live in the habitat home is required to invest a minimum of 250 hours of sweat equity. sweat equity includes taking mandatory home ownership”.
When referring to its actions, they were outlined as: “To provide simple, decent, and affordable housing for members of the community that are living in substandard housing conditions and are not able to qualify for a conventional mortgage.”.
- The non-profit has complied with legal obligations by reporting their state of operation as IN.
- The non-profit's address in 2019 is noted in the filing as 213 E Kirkwood Ave, Bloomington, IN, 47408.
- The non-profit's form for 2019 reports a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $92,088.
- The organization has 11 independent voting members.
- The organization was formed in 1988.
- The organization pays $996,151 in salary, compensation, and benefits to its employees.
- The organization pays $146,374 in fundraising expenses.