Habitat for Humanity - East Polk Co HFH of

Homeownership program: families in need of a decent place to live build safe and affordable homes in partnership with us. Habitat houses are modestly sized. They are large enough for the homeowner family's needs, but small enough to keep construction and maintenance costs affordable. By using the labor of volunteers and prospective homeowners, employing efficient building methods, keeping house sizes modest, using donated construction materials and appliances, and issuing no-profit loans, Habitat makes its houses affordable for low-income families to purchase. Affordable homeownership helps create the conditions that free families from instability, stress and fear and encourage self-reliance and confidence. Studies show that strong and stable households are foundational to child development and growth. When a home fosters - instead of hinders - health and safety, families can flourish. Owning an affordable home also allows homeowners to lift up their entire family by saving for their futures and investing in educational opportunities, bolstering job opportunities and career growth. During fiscal year 2023, Habitat of East Polk County served more than 114 households through its long-term homeownership program.habitat of East Polk County is committed to efficiency and transparency. We communicate with our supporters, donors and prospective donors by email, postal mail, phone and other means, both to request contributions to our cause and to educate the public about Habitat of East Polk County's year-round programs, volunteer opportunities and other events in local communities and around the world. These efforts help advance our mission to put god's love into action by bringing people together to build homes, communities and hope. As a result, in accordance with the financial accounting standards board guidelines and internal revenue service guidance, Habitat of East Polk County allocates a portion of our fundraising costs to program services. As a nonprofit organization that is exempt from federal taxation, we ensure our donors' money is spent as efficiently and effectively as possible. Additionally, we have certain expenses that cannot be billed separately for each functional area. Rent, utilities, information technology and other costs are grouped together. We allocate these costs in compliance with generally accepted accounting principles, or gaap, across the program (including Habitat restores), management and general, and fundraising categories. Finally, some staff members have responsibilities that cross over functional areas. To calculate the time allocation, Habitat of East Polk County divides the number of hours spent on a project outside of a staff member's designated expense cateogy by the total hours worked during that period and allocates that percentage of costs to the appropriate expense category.