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Habitat for Humanity of Northern Fox Valley 

Also Known As: HFHNFV

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56 S Grove Ave 
Elgin, IL 60120
www.habitatnfv.org

Mission and Programs

Mission

Habitat for Humanity believes that every person should have a decent, safe and affordable place to live. We build and repair houses with volunteer labor and donations. Our partner families purchase these houses through no-profit, no-interest mortgage loans. As a nonprofit, ecumenical Christian ministry that builds with people in need regardless of race or religion, we welcome volunteers and supporters from all backgrounds.

Programs

Program:Homeownership
Budget: NaN
Category:
Population Served: Poor/Economically Disadvantaged, Indigent, General

Program Description:

Through volunteer labor and tax-deductible donations of money and materials, Habitat builds and rehabs affordable houses. Habitat houses are sold to low and moderate-income families at no profit, financed with affordable, no-interest loans. Mortgage payments are pooled and used to build more houses. Homeowner equity vests over the first thirteen years of ownership. Families in need of improved housing apply to their local Habitat affiliate. The affiliate’s family selection committee processes applications based on their level of housing need, their willingness to become partners in the program and their ability to repay the loan. Approved families contribute 250-500 hours of volunteer construction labor or “sweat equity” on their houses.


Program:A Brush with Kindness
Budget: NaN
Category:
Population Served: Poor/Economically Disadvantaged, Indigent, General

Program Description:

A Brush with Kindness (ABWK) serve as companion programs to Northern Fox Valley’s home building and mortgage lending programs. The purpose of the program is to provide exterior painting to prevent houses from deteriorating and protect affordable housing stock in our communities. Habitat for Humanity’s A Brush with Kindness (ABWK) is an exterior home preservation service that offers painting, landscaping and minor exterior repair services for low-income homeowners. Work is done by groups of 10-20 volunteers under the supervision of a Habitat for Humanity staff member.
Program:Critical Home Repair
Budget: NaN
Category:
Population Served: Poor/Economically Disadvantaged, Indigent, General

Program Description:

Critical Home Repair (CHR) serves as companion programs to Northern Fox Valley’s homeownership program. The purpose of the program is to provide minor and major, interior and exterior, repair services to: • prevent houses from deteriorating • address health, life and safety issues or code violations • prevent families from being displaced • protect affordable housing stock in our communities • ensure families live in safe, healthy and well-maintained homes. About Critical Home Repair Habitat for Humanity’s Critical Home Repair is designed to serve low-income homeowners requiring assistance with health, safety, or code violation issues on the interior or exterior of their homes. Examples of potential repair projects include: roof replacement, accessibility decks or ramps, mechanical equipment replacement such as furnaces and water heaters. Work will be completed by volunteers when appropriate, with subcontractors when repairs are more technical or require a licensed professional.

NTEE Code

  • L20 (Housing Development, Construction, Management)
  • X20 (Christian)

Balance Sheet Fiscal Year Ending June 30, 2016

Total Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Assets July 1, 2015June 30, 2016Change
Cash & Equivalent$1,269,756$1,471,719$201,963
Accounts Receivable$0$0$0
Pledges & Grants Receivable$0$82,765$82,765
Receivable/Other Due to changes in the 2008 Form 990, this data is no longer reported.$2,763,536$2,861,991$98,455
Inventories for Sale or Use$830,780$1,763,433$932,653
Investment/Securities Due to Changes in the 2008 Form, this value now includes Publicly Traded Securities as well as Other Securities. $0$0$0
Investment/Other Due to various changes in the way this data is reported in the 2008 Form 990, it may not be possible to accurately compare this data from the 2008 form 990 against the same field on prior forms $0$0$0
Fixed Assets The 2008 form does not distinguish between LBE as investments and LBE as fixed assets. This value is equivalent to the sum of both line items on earlier forms (Part IV line 55 plus line 57). $699,818$717,182$17,364
Other Program Related Investments is now a separate field on the new form, Part X-13(A) and (B). $194,280$127,728($66,552)
Total Assets:$5,758,170$7,024,818$1,266,648

LiabilitiesJuly 1, 2015June 30, 2016Change
Accounts Payable$103,764$172,018$68,254
Grants Payable$0$0$0
Deferred Revenue$0$0$0
Loans and Notes The value on this line may now include payables to former employees, disqualified persons and unrelated third parties. $25,000$25,000$0
Tax-Exempt Bond Liabilities$0$0$0
Other Due to various changes in the way this data is reported in the 2008 Form 990, it may not be possible to accurately compare this data from the 2008 Form 990 against the same field on prior forms $161,829$23,958($137,871)
Total Liabilities:$290,593$220,976($69,617)

Fund Balance:$5,467,577$6,803,842$1,336,265
 

Basic Information

  • This organization is a 501(c)(3) Public Charity.
  • Financial information in this report is derived from the organization's June 30, 2016 Form 990.

Executive

Ms.  Barbara  Beckman 

Contact

Barbara Beckman, Executive Director

Phone

847 -836-1432

Email

barb.beckman@habitatnfv.org

EIN:36-3742888
Year Founded: Information not available
Ruling Year:1987
Fiscal Year End Date: June 30, 2016
Assets: $7,024,818
(from Jun 30, 2016 Form 990)
Income: $4,250,969
(from Jun 30, 2016 Form 990)
No. of Employees:41

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