Financial Information
A Good Steward
For every $1 raised, HFHMCA spends 91 cents on our programs – building and repairing homes for families in need.
A donation to HFHMCA goes much further than the original dollar amount given. Donations are used to fund the initial cost of building and repairing homes for families in need. This allows HFHMCA homeowners to pay for their homes through a zero-interest, 30-year mortgage. As homeowners make monthly payments, those funds are ‘recycled’ into our programs, and offer more families a hand up, not a hand out, from poverty housing.
An Economic Engine
HFHMCA is not only a non-profit organization but also an economic engine. For every $1.00 donated to HFHMCA, an additional $1.70 is generated in the local economy. For example, during the peak of construction in Englewood Gardens, over $5.7 million was spent on construction, generating close to $10 million total economic impact, along with over 50 Full-Time Equivalent(FTE) jobs.