Development Corporation Of Coumbia Heights

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 73%)

The Development Corporation of Columbia Heights has received a "Needs Improvement" rating from Charity Navigator, reflecting a score of 73%. While the organization demonstrates strong governance with a fully independent board and comprehensive policies regarding conflicts of interest and whistleblowing, it has significant weaknesses in financial transparency, as it has not made its financial statements available.

In terms of financial health, the organization has a solid program expense ratio of 73.38%, indicating that a significant portion of its expenses is directed toward its programs. However, it scored poorly on the availability of key documents, such as tax forms and financial statements, which are crucial for public accountability. Additionally, it has a liabilities to assets ratio of 58.31%, suggesting a moderate level of financial leverage.

Overall, while the Development Corporation of Columbia Heights shows strength in governance and program spending, it needs to improve its financial transparency and documentation practices to enhance its accountability and public trust.

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

Development Corporation Of Coumbia Heights is a legitimate nonprofit organization registered as a 501(c)(3) entity. Development Corporation Of Coumbia Heights 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: $241,226

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