Ncba Housing Development Corporation Of Dc

Charity Navigator Rating: 54%, One-Star out of Four Stars

The Ncba Housing Development Corporation Of Dc has received a score of 54%, which indicates significant concerns regarding its overall financial health and program effectiveness. While the organization excels in governance, with 100% independent board members and strong policies in place, its financial metrics raise red flags. The organization has a low program expense ratio of 49%, suggesting that a substantial portion of its expenditures may not be directed toward its mission-driven activities.

Strengths include a meticulously maintained governance structure, evidenced by high scores in areas such as financial audits and policies regarding conflicts of interest. The organization demonstrates accountability with no material diversion of assets and transparent documentation practices, which are crucial for maintaining stakeholder trust.

However, the primary limitation noted is its liabilities to assets ratio, recorded at 8.17%, which is significantly low and indicates potential risk. The combination of a less favorable program expense ratio and high liabilities may hinder its ability to effectively fulfill its mission in the long term. Stakeholders should consider these factors when assessing the organization's viability and impact.

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

Ncba Housing Development Corporation Of Dc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ncba Housing Development Corporation Of Dc 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: $455,055

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