Black Hills Area Habitat For

“Form 990 is prepared by a licensed cpa. All of the board members review and vote to approve form 990 before it is filed.”

“If a board member, staff, or volunteer becomes involved in a transaction involving a possible conflict of interest, they shall promptly notify the chairperson of the board of directors. The party shall refrain from voting on any such transaction, participating in deliberations concerning it or using personal influence in any way in the matter. The party shall disclose a potential conflict of interest to the board of directors before any vote on a habitat business transaction, and such disclosure shall be recorded in the board minutes. Each year all board members are required to complete a questionnaire disclosing any known conflicts.”

“All compensation arrangements are approved in advance by the board of directors, none of which have a conflict of interest with respect to the compensation arrangement. Comparability data (i.e. Compensation levels for similarly qualified individuals in like positions at like organizations) is relied on when approving compensation, and all approvals are documented.”

“A total budget, to include overall raise percentages, is approved by the board of directors. Each officer receives a portion of available raises based on job performance and comparability data.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“Creating, financing, and preserving homeownership: black hills area habitat for humanity (bhahfh) creates affordable home ownership, engaging the family and community volunteers to build or rehab the home using donated labor, materials and contributed funds. Families are selected based on their income (30-80% of ami), their ability to afford a modest mortgage, their willingness to partner in the program, and their ineligibility for other financing. An average of 69 people volunteer monthly, with an estimated 10,000 volunteer hours per year. The completed home is then sold to the partnering family at its market value by placing a 0% or low interest mortgage on the home. Long-term mortgage financing is the key component that makes bhahfh homes affordable. Homes are sold to local low-income families, the majority of which earn less than 50% of the area median income. Monthly mortgage payments collected by bhahfh are added to the donation resources used for building additional homes for families in need of affordable housing. More than 400 people have been placed in homes since 1990. During fy24, 4 homes were completed. Bhahfh partners with individuals, churches, corporate partners, organizations, and local and state government to accomplish its mission. In addition, the home repair program provides painting, landscaping, and critical repairs to qualifying low-income homeowners struggling to maintain their homes. To date, bhahfh has served over 210 individuals with home repair.”

“Discounts on home sales -214,520 discounts on home sales 214,520”