Calbc Housing Development Fund Co Inc

Charity Navigator Rating: 71% (Two-Star out of Four Stars)

Calbc Housing Development Fund Co Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 71%. This score indicates that while the organization exhibits some strengths in accountability and finance, there are significant areas for improvement. The organization boasts a fully independent board and effective audit and oversight practices, which are positive indicators of governance.

However, the rating reveals notable shortcomings. The absence of key policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about transparency and ethical standards. Additionally, the organization has a high liabilities to assets ratio, which could signal potential financial instability. The lack of proper disclosures on their website further detracts from their accountability measures.

Overall, while Calbc Housing Development Fund Co Inc demonstrates a commitment to program expenses, maintaining 100% in this area, the deficiencies in governance policies and financial health present challenges that the organization will need to address to improve its standing and effectiveness in the nonprofit sector.

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

Calbc Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calbc Housing Development Fund Co 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: $127,420

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