Somersworth Community Development Corp

Charity Navigator Rating: 76%, Three-Star out of Four Stars

The Somersworth Community Development Corporation holds a Three-Star rating, reflecting a solid performance in accountability and finance. The score is derived entirely from a single beacon score, indicating that the organization demonstrates strong management of its assets and program expenses, with 100% of its expenses allocated to programs. The organization benefits from an entirely independent board, which enhances its governance and oversight.

However, there are notable weaknesses in the organization's policies, as it lacks essential governance documents such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These missing elements may raise concerns about transparency and accountability, which are critical for fostering trust with the community and stakeholders.

Overall, while the Somersworth Community Development Corporation shows strengths in financial management and independent governance, addressing the gaps in its policy framework would be beneficial for enhancing its overall accountability and public trust.

This AI summary has been generated from information found on Charity Navigator.

Somersworth Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somersworth Community Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.somersworthhousing.org