Notre Dame Housing Dev Fund Co Inc

Rating from Charity Navigator: 52%, One-Star out of Four Star rating.

Notre Dame Housing Dev Fund Co Inc has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. The organization's independent board representation is notably weak, with only 33% independent members, which raises questions about governance and oversight. While the organization does have a robust audit and oversight committee, several key policies such as conflict of interest and whistleblower protections are absent, which are critical for transparency.

Financially, the organization shows a high program expense ratio at nearly 94%, suggesting that it directs most of its funds toward its mission. However, the liabilities greatly exceed assets, with a concerning ratio of 188.13%. This financial indicator might imply potential sustainability issues in the long-term, risking the organization’s ability to fulfill its mission effectively.

Overall, while Notre Dame Housing Dev Fund Co Inc demonstrates a commitment to its programmatic efforts, the lack of independent oversight and missing governance policies, paired with concerning financial ratios, highlight areas that need urgent improvement for a more effective and accountable operation.

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

Notre Dame Housing Dev Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Notre Dame Housing Dev 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: $155,568

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