Lowell Community Development Corporation

Charity Navigator Rating: 50%, One-Star out of Four Star Rating.

The Lowell Community Development Corporation has received a low rating of 50%, reflecting significant concerns in its accountability and financial practices. Particularly troubling is the complete lack of independent board members, which raises questions about governance and oversight. The organization also has not published its financial statements or essential documents such as conflict of interest and whistleblower policies, which are critical for transparency.

On a more positive note, the organization demonstrates a solid program expense ratio of 69.97%, indicating that a substantial portion of its expenditures goes directly towards its programs. Additionally, its liabilities to assets ratio is very low at 2.16%, suggesting that it is managing its debts effectively. However, the absence of basic accountability measures means that potential donors and stakeholders may find it difficult to assess the organization's overall health and operations.

Overall, while the Lowell Community Development Corporation shows promise in some financial aspects, its lack of transparency and governance practices significantly hampers its credibility and trustworthiness. Prospective donors should exercise caution and consider these factors before contributing.

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

Lowell Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowell Community Development 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: $59,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,725

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