Housing Management & Development Co

Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while the organization demonstrates some strengths in accountability and finance, there are notable areas for improvement. The overall score reflects a mixed performance, particularly in transparency and governance policies.

Housing Management & Development Co has a strong commitment to maintaining an independent board, with 100% of its members being independent. It also shows a favorable program expense ratio of 92.77%, indicating that a significant portion of its expenses is directed towards its mission-related activities. However, the organization has not provided financial statements, and key governance policies such as conflict of interest and whistleblower policies are missing, which raises concerns about its operational transparency.

The organization’s lack of accessible information, such as a website listed on its tax form and the absence of tax forms on its website, limits public insight into its financial practices. These shortcomings may affect stakeholder trust and could hinder potential support. While the organization has solid foundations in certain areas, addressing these gaps would likely enhance its overall effectiveness and accountability.

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

Housing Management & Development Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Management & Development Co 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: $58,050

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