We have a bottom line In our budgeting process. On it is the name of another family in need of a safe, affordable, and sufficient place to call their home! We work very hard to secure the financial resources and volunteers to help more people.
The best way to make sure your gift is used in Vermont is to make a contribution directly to our affiliate by mailing a check to Bennington Area Habitat for Humanity, Post Office Box 1159, Manchester, Vermont 05254. Almost 90% of each dollar donated directly to our affiliate is applied to building homes. We have minimal administrative expenses (mailings and public relations). We contribute 10% of all unrestricted donations to Habitat International as part of our commitment to the "think globally - act locally" tithe program. Habitat International's goal is to build a home in another country for every home that is built in the United States. As of January 2012, we had completed 12 homes in Vermont and our tithe paid for 12.9 homes in other countries.
Gifts can be made to Habitat International and, if designated for our affiliate, Habitat will forward contributions to us, but a processing fee of close to 10% is deducted.
Your gift is used as you specify. Unrestricted gifts are used where most needed. We have no paid employees and minimal administrative expenses. So, almost every dollar contributed is used for home building. Ten percent of all cash contributions are tithed to Habitat International for use in another country. Read the next section to learn how we are able to ACT locally and help globally.
Unless specifically requested by the donor, 10% of all cash contributions to our affiliate are tithed to Habitat International for use in another country. For the past several years we have designated our tithe for Uganda where he have the satisfaction of knowing our annual tithe pays for the construction of a Ugandan home. We have alternated our quarterly tithe to Baptala, India and Uganda. Learn more about Habitat's work in India. As of March 31, 2013, we are credited with having provided sufficient funds through our tithe to build 14.2 homes internationally. Rather than to restrict our tithe to a single country, our board voted to have Habitat International decide to use our 2012 and 2013 tithe where it is needed most. Through March 2013, we have tithed a total of $50,555.
The cost of building a home internationally, has increased over the years. When it was first calculated, it cost $1,500 for a home. It now costs $4,500 on average for a home in another country. The size and the amenities included vary extensively from one country to the next and compare favorably with the norm in each country. The definition of safe, decent, and affordable governs what is built in each country.
Habitat for Humanity's tithe program is a fundamental part of our daily operations, woven into the fabric (see map on the left) of our charity just like sweat equity and volunteer labor. Tithe monies are 100 percent designated toward global building, which ensures that affiliates worldwide, regardless of their national poverty or wealthy, can keep working toward the goal of eliminating poverty housing.
The need for decent affordable shelter is a universal challenge. When we share financial resources as well as operational knowledge, we all get closer to our goal of eliminating substandard housing. Habitat affiliates are called to tithe at least 10 percent of un-designated cash revenues outside of our country/area office.
Thea Kelly has served as our auditor since 2010. The 990 form, her management letter, and our financial statements for the fiscal year ending June 30, 2012 can be reviewed by clicking on the links below.
2012 - Financial Statements (This takes 3-5 minutes to download.)
2012 - 990 Federal Tax Return (This takes 3-5 minutes to download.) NOTE: It will say 2011 on the IRS Form - this is because the return is filed on the fiscal year. It is the proper form.