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BBB Reliability Report for

Our Towns of Lake Norman Habitat for Humanity


This BBB Accredited Charity meets all 20 Standards for Charity Accountability.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: Our Towns of Lake Norman Habitat for Humanity
Phone: (704) 896-8957
Address: PO Box 1088
Davidson, NC 28036-1088
Website: www.ourtownshabitat.org
Report Creation Date: April 18, 2013
Report Expiration Date: April 18, 2015
Original Business Start Date: January 1988
Principal: Mr. W. Terry Laney, Executive Director
Customer Contact: Mr. W. Terry Laney, Executive Director - (704) 896-8957 or
Entity: Corporation
Incorporated: January 1988, NC
Type of Business: Charity - Local

Additional DBA Names

Our Towns of North Mecklenburg-South Iredell Habitat For Humanity Inc.
Iredell Habitat for Humanity, Inc.

Stated Purpose

Our Towns of North Mecklenburg-South Iredell Habitat For Humanity Inc. provides construction of homes for disadvantaged families in Davidson, Mooresville, Cornelius, and Huntersville communities.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


Programs

Total Program Expenses:$2,052,683

Governance

Chief Executive Officer:W. Terry Laney, Executive Director
Board Size:15
Paid Staff Size:47 Full Time.

Fund Raising

Method(s) Used:Our Towns of North Mecklenburg-South Iredell Habitat For Humanity Inc.'s fundraising methods include direct and indirect public support and government contributions and grants.


Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.


Financial

According to Our Towns of Lake Norman Habitat for Humanity's IRS 990 for the year ended June 30, 2012:

Income
 Total Income:$2,734,199
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$2,052,683 79.03%75.07%
 Fund Raising:$282,373 10.87%10.33%
 Administrative:$262,135 10.09%9.59%
 Other:$0 0.00%0.00%
 Total Expenses:$2,597,191
 
Excess of Income over Expenses$137,008
Ending Net Assets:$4,939,472
Total Assets$7,054,231
Total Liabilities$2,114,759

* Excess for the year indicates the portion of income remaining after expenses.


Additional Contact Information

Additional Addresses
20310 North Main St.
Cornelius, NC  28031


ID: 203380
Report as of April 1, 2015 13:37
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