Sj Housing Development Fund Company Inc

Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's overall accountability and financial health, indicating areas of strength and some significant limitations. A score of 69 in Accountability & Finance suggests that while there are commendable practices in place, there are critical areas needing improvement.

One notable strength is that the organization boasts a fully independent board, with 100% of its members meeting independence criteria. Additionally, it has a solid program expense ratio of 77.40%, indicating a substantial portion of its budget is directed toward its mission-related programs. The organization also maintains a solid audit and oversight process, which is an essential aspect of financial transparency.

However, there are several areas of concern. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy are significant gaps in governance practices. Furthermore, a concerning liabilities to assets ratio of 147.47% suggests that the organization may have financial challenges ahead, which could impact its long-term sustainability.

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

Sj Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sj 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: $70,540

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Official website here: www.rcda.org