Community Development Corporation Of Mishawaka Indiana Inc

Charity Navigator Rating: 64% (Two-Star out of Four Star rating)

The Community Development Corporation Of Mishawaka Indiana Inc has received a Two-Star rating from Charity Navigator, indicating some areas for improvement in its accountability and financial practices. While the organization has achieved a perfect score for the independence of its board members and has implemented strong oversight measures like an audit committee, it falls short in key areas notably the absence of a whistleblower policy and a document retention policy.

Financially, the organization has a program expense ratio of 64.44%, which suggests that a significant portion of its expenses goes towards its mission-related activities. However, its liabilities to assets ratio of 72.68% raises concerns about its financial stability and ability to sustain operations in the long run. The lack of transparency is highlighted by the absence of required financial documents on its website.

Overall, while the Community Development Corporation Of Mishawaka Indiana Inc demonstrates a commitment to governance through an independent board and strong financial oversight, the organization needs to address its policy gaps and improve its financial health to enhance its charity rating and public trust.

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

Community Development Corporation Of Mishawaka Indiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Corporation Of Mishawaka Indiana 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: $9,734
Professional Fundraising Fees: $0
Other Salaries and Wages: $785,064

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