Centerpointe Housing Corporation I

Charity Navigator Rating: Needs Improvement (74%)

Centerpointe Housing Corporation I has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall accountability and finance practices. With a score of 74%, the organization shows strengths in its program expense ratio, which stands at 71.31%, suggesting that a significant portion of its expenditures goes directly toward programs. Additionally, it has a 20.83% liabilities to assets ratio, reflecting a favorable financial position in terms of debt management.

However, the nonprofit faces notable challenges in other areas, particularly in governance. The organization scored zero points for having a majority of independent board members and for the size of its independent board, indicating potential weaknesses in oversight and decision-making. Furthermore, its website does not list essential documents like tax forms, which negatively impacts transparency and accountability.

While Centerpointe Housing Corporation I has implemented some strong policies, such as conflict of interest and whistleblower policies, the lack of transparency and governance best practices raises concerns. The organization will need to address these issues to enhance trust and effectiveness in its mission.

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

Centerpointe Housing Corporation I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centerpointe Housing Corporation I 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: $3,812

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