Community Apartments Corporation Of Rockingham County

Charity Navigator Rating: One-Star out of Four Stars

Community Apartments Corporation of Rockingham County has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 58%, the organization demonstrates strengths in having a fully independent board, good program expense ratios, and thorough documentation of board meeting minutes. However, these positives are overshadowed by critical weaknesses in key governance policies and transparency.

The organization's liabilities are notably high, with a liabilities to assets ratio of 149.24%, which raises alarms about its financial health. Additionally, important governance policies such as conflict of interest, whistleblower, and document retention policies are missing, contributing to the low score in the accountability category. Transparency is further compromised by the absence of its website on tax forms and a lack of posted tax documents on its own site.

Overall, while Community Apartments Corporation has some positive aspects, the significant gaps in governance policies and financial stability indicate a pressing need for improvement in these areas to enhance trust and operational effectiveness.

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

Community Apartments Corporation Of Rockingham County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Rockingham County 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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