Catalyst Community Development Corp

Charity Navigator Rating: One-Star out of Four Stars

Overall score: 59%

Catalyst Community Development Corp has received a low rating of one star from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. While it scores well in areas such as board independence and the management of assets, it falls short in critical transparency measures. This includes a lack of necessary policies and documentation, which reflects poorly on its governance structure.

The organization scored zero points in several important categories, including its conflict of interest and whistleblower policies, as well as the documentation of board meeting minutes. The absence of these policies raises questions about the organization's internal controls and accountability to its stakeholders. Furthermore, the charity has not posted key documents, such as its tax form, on its website, further limiting transparency.

Despite these challenges, Catalyst Community Development Corp maintains a strong liabilities to assets ratio and a reasonable program expense ratio, which suggests that it is managing its financial responsibilities effectively. However, improving its governance practices and enhancing transparency are essential steps needed to gain trust and improve its public standing.

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

Catalyst Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst Community Development Corp 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: $0

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