Davenport Lend-A-Hand Housing Corporatio

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)

Davenport Lend-A-Hand Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its operations and financial management. With an overall score of 67%, the organization shows strong accountability in several areas, including having a fully independent board and excellent financial statement auditing. However, it has significant weaknesses in its policies regarding conflict of interest, whistleblower protections, and document retention.

The organization exhibits a commendable program expense ratio, indicating that all of its expenditures are directed towards its mission. Despite this, its liabilities to assets ratio is concerning, suggesting a potential over-reliance on debt. This financial imbalance raises questions about the organization's long-term stability and ability to meet its obligations.

While Davenport Lend-A-Hand Housing Corporation demonstrates transparency in board governance and financial auditing, the absence of essential policies and the high liability ratio detract from its overall effectiveness. Addressing these issues is crucial for improving their rating and ensuring sustainable operations in the future.

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

Davenport Lend-A-Hand Housing Corporatio is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davenport Lend-A-Hand Housing Corporatio 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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