Community Access Housing Development Fund Company Inc

Charity Navigator Rating: 59%, One-Star out of Four Star rating

Community Access Housing Development Fund Company Inc has received a low score of 59% from Charity Navigator, indicating significant concerns regarding its accountability and financial health. The organization has a very low percentage of independent board members, with only one out of ten, which raises questions about governance and decision-making transparency. While the organization does maintain policies for conflicts of interest and whistleblowing, it lacks a publicly accessible website as required, impacting its accountability.

On a positive note, the organization shows a commitment to its mission with a solid program expense ratio of 74.58%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, there were no reported material diversions of assets, which is a favorable indicator of financial integrity.

However, the overall liabilities to assets ratio is concerning at 99.80%, suggesting that the organization may be heavily reliant on its liabilities and potentially at risk financially. The lack of independent oversight may further complicate its financial situation. Thus, while there are strengths in its programmatic focus, the governance and financial management aspects warrant serious consideration from potential donors.

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

Community Access Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Access Housing Development Fund Company Inc submitted a form 990EZ, 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.