Center Housing Development Fund Corporation Iii

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 74%

The Center Housing Development Fund Corporation III has received a two-star rating from Charity Navigator, indicating that the organization has some areas that need improvement. The accountability and finance score notably stands at 100%, which reflects strong financial practices and transparency in how funds are managed. However, the organization did not score well in areas such as board independence and size, which raises concerns about governance.

Despite the strengths in financial management, the lack of independent board members and issues with website transparency—such as not having their tax form listed on the site—have contributed to the need for improvement rating. The organization does have solid policies in place, including a conflict of interest policy and a whistleblower policy, both of which received full scores, indicating a commitment to ethical practices.

Overall, while the Center Housing Development Fund Corporation III demonstrates effective program expense management with a high program expense ratio of 93.43%, the limitations in governance and transparency highlight areas where the organization can enhance its operations and bolster stakeholder trust.

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

Center Housing Development Fund Corporation Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center Housing Development Fund Corporation Iii 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: $227
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,744

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