Corn Hill Housing Development Fund Corporation

Charity Navigator Rating: 87%, Three-Star out of Four Star rating.

Corn Hill Housing Development Fund Corporation has received a rating of 87%, indicating strong performance in accountability and finance. This rating is derived solely from financial indicators, suggesting that the organization is well-managed in terms of its fiscal responsibilities and transparency. The organization boasts a significant proportion of independent board members, contributing to its governance credibility.

The charity has reported no material diversion of assets, which demonstrates its commitment to ethical practices. Its financial ratios reflect a healthy balance, with a liabilities-to-assets ratio of just 5.25% and program expenses making up 72.45% of its total expenditures, which indicates efficient allocation of resources towards its mission.

While the overall score is strong, it is important to note that this charity's evaluation is based primarily on financial health, and additional qualitative measures of impact and effectiveness may not be captured in this rating. Nonetheless, the organization has established solid policies for conflict of interest, whistleblower protections, and document retention, reinforcing its accountability framework.

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

Corn Hill Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corn Hill Housing Development Fund Corporation 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: $10,513

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Official website here: www.ulr.org