Impact Housing Development Ltd

Charity Navigator Rating: 64%, Two-Star out of Four Star rating.

Impact Housing Development Ltd has received a Two-Star rating from Charity Navigator, indicating that the organization demonstrates some strengths but has notable areas for improvement. The accountability and finance score of 64 reflects moderate performance, with particular strengths in their financial oversight, as evidenced by their audit and oversight committee receiving full points. Additionally, they have established policies for conflict of interest, whistleblowing, and document retention, which contribute positively to their governance.

However, the organization faces challenges in board independence, with only 33% of its board members being independent, which falls short of best practices. There are also significant concerns regarding financial transparency, as the organization's tax form and financial statements are not adequately posted online, which limits accessibility for stakeholders. Their liabilities to assets ratio is concerning at 143.04%, indicating potential financial risk.

Overall, while Impact Housing Development Ltd demonstrates a commitment to program expenses, with 84.17% of their expenditures going directly to their programs, the organization needs to address its governance and transparency issues to enhance its accountability and overall effectiveness.

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

Impact Housing Development Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Housing Development Ltd 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: $124,953

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