Elyria Community Improvement Corporation

Charity Navigator Rating: 20%

The Elyria Community Improvement Corporation has received a Zero-Star out of Four Star rating, reflecting significant challenges in its accountability and financial management practices. With an overall score of just 20%, the organization shows weaknesses particularly in the independence of its board, with only 28% of members being independent, and a lack of key governance policies such as a whistleblower policy and document retention guidelines.

Despite some strengths, including a good score for the absence of material asset diversion, the organization fails to meet basic transparency standards. Important documents such as the tax form are not listed on the website, which could hinder stakeholder trust and engagement. The program expense ratio is notably low at 38.33%, indicating that a significant portion of funds may not be directed toward its mission.

Overall, the Elyria Community Improvement Corporation requires substantial improvements in governance and transparency to enhance its credibility and effectiveness in serving the community. The lack of essential policies and independent oversight raises concerns about its operational integrity and financial stewardship.

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

Elyria Community Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elyria Community Improvement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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