New Hope Community Development Corporation Inc

Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating. This rating indicates that New Hope Community Development Corporation Inc demonstrates some accountability and financial transparency but falls short in several key areas. While they have a solid program expense ratio of 90.76%, reflecting a significant commitment to their programs, their overall rating suggests that there are important improvements needed in financial disclosures.

The organization has a fully independent board, which is a strong point, scoring 100% in that category. They also perform well in areas such as having a conflict of interest policy and a whistleblower policy, both scoring maximum points. However, significant weaknesses are evident in financial statement availability, with a score of 0 out of 15 points, which raises concerns about transparency and the accessibility of pertinent financial information to stakeholders.

Overall, while New Hope Community Development Corporation Inc shows dedication in its programmatic efforts and governance, it faces challenges related to financial reporting and transparency. These limitations could hinder the organization's ability to build trust with donors and the community it serves, emphasizing the need for improvement in their financial disclosure practices.

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

New Hope Community Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Community Development Corporation 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,455

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