Introduction
Habitat for Human is a Christian-based organization founded to find solutions and help create policies that can enable 10 million individuals to afford the home's cost. There have been many changes in the world, and covid 19 has even led to significant impacts, hence the unfolding economic fallout. Being a Christian-based organization, their main mission is to put God first into action by bringing people together to build their homes, communities, and hope (Shepherd, 2020). Habitat for human’s vision is to create a world where everyone has a decent and desirable place to live. The organizations operational are guided by five major principles, which include;
Demonstration of the love of Jesus Christ.
To focus on shelter
Advocating for an affordable housing
Promotion of dignity and hope
Support for sustainable and transformative development.
To facilitate their operations, Habitat for Humanity partners with people in communities and those across the world to support them in building and improving a place, home. The basis under which they operate involves habitat owners helping construct their own homes alongside volunteers and pay an affordable mortgage fee (Lee, 2019). Through such an effort, the habitat homeowners can gain teh strength, stability, and independence they need in building a better home for their lives and families.
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Financial Statements
Humans have received generous support from its dedicated donors and partners, which offer great support to its mission. The organization has been fortunate in its strong financial results for the past years, hence surviving the different economic changes. Despite the challenging situations, Human for Habitat has ever been mindful and focus on the initiatives that help it position itself more strongly, thereby creating an impact on offering solutions towards the world's affordable housing crisis. It has also managed through the struggles to build alongside families where they build places to call home.
The available audited accounts for the financial statements of habitat for humanity’s international shows only the work done by habitat in the world. Unlike other nonprofit organizations, the habitat affiliate national organizations keep their records of revenues and expenditures. The summary of the financial statements is a compilation of combined unaudited financial amounts for habitat for humanity. It helps demonstrate the magnitude of the movement of the organization.
For the period the ended on June 30, 2019, the estimated value of impact for the entire habitat for humanity mission is as follows (Habitat for Humanity, n.d.)
Total revenue = $2.3 billion, while Total Assets is $3.2 billion.
For the financial year 2019, the following were the sources of funds.
Contributions and grants = $808 million
Gifts in kind = $718 million
Sales of homes = $657 million
Other income = $126 million
Use of funds Financial year 2019
Program = $16 billion
Fundraising = $154 million
Management and general = $184 million
Habitat for Humanity International consolidated statements of Financial Position
As of June 30 (Values in thousands of dollars) (Habitat for Humanity, n.d.)
Habitat for Humanity International consolidated statements of Activities
Year Ended June 30 (Habitat for Humanity, n.d.)
Financial Statements for the year ended June 2020
Data retrieved from (Habitat for Humanity, n.d.)
Evaluation
The organization's main goal is to provide better housing for the poor people living around the world. From the information available, the organization's fourth Year has featured various families who have succeeded in acquiring homes and opened doors for a hand up from habitat. Their stories are an inspiration and a reaffirmation of the importance of habitat for humans to join together and help families.
The audited financial account and position of the financial status show that the organization can achieve its objectives. For instance, the amount of total revenue for the case of Financial Year, $287, and 786 are higher than the same year's expenses, $286,415. It shows that the organization's financial management is accurate and can meet its goals.
References
Habitat for Humanity (n.d.). https://habitat.org/multimedia/annual-report-2020?_ga=2.209004506.952136050.1614924994-17470640.1614924994
Lee, E. (2019). Performance evaluation of LEED-certified affordable homes: Case study of LEED-certified habitat for humanity. Journal of Sustainable Development , 12 (1), 120. https://doi.org/10.5539/jsd.v12n1p120
Shepherd, A. (2020). COVID-19: World “has to recover together” and help vulnerable states. BMJ , m3245. https://doi.org/10.1136/bmj.m3245
