Crotona Estates Housing Development Fund Company Inc

Rating from Charity Navigator: 56% - One-Star out of Four Star rating.

Crotona Estates Housing Development Fund Company Inc has received a low rating of 56%, indicating significant concerns regarding their accountability and financial practices. While the organization boasts a fully independent board, which is a positive aspect, it lacks crucial financial transparency, evidenced by the absence of financial statements and other required documentation.

The organization shows a commendable program expense ratio of 93.22%, suggesting that a large majority of its funds are allocated directly to its programs. However, the liabilities to assets ratio is alarmingly high at 177.46%, raising questions about its financial health and sustainability. The lack of key policies, such as a conflict of interest and whistleblower policies, further diminishes the organization's accountability.

Overall, while Crotona Estates demonstrates strong programmatic focus and board independence, it faces critical challenges in financial transparency and governance that could affect its ability to be effective in the long term.

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

Crotona Estates Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crotona Estates Housing Development Fund Company Inc 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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