Community Apartments Corporation Of Davidson County

Charity Navigator Rating: 58%, One-Star out of Four Star rating. The rating reflects significant concerns in the areas of accountability and finance for Community Apartments Corporation Of Davidson County. While the charity scores well in aspects such as having a fully independent board and a high program expense ratio, the overall low score indicates substantial issues that could affect donor trust.

Strengths of the organization include a completely independent board and a strong program expense ratio of 82.86%, which suggests that a large portion of its budget is dedicated to its mission-related activities. Additionally, the organization documents board meeting minutes, indicating a level of transparency in governance.

However, the nonprofit faces serious shortcomings such as a high liabilities to assets ratio of 149.91%, which raises financial sustainability concerns. Furthermore, the absence of key policies, including a conflict of interest policy, whistleblower policy, and the failure to make its tax form publicly available, points to a lack of essential governance practices. These limitations contribute to its overall low rating and highlight areas for improvement.

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

Community Apartments Corporation Of Davidson County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Davidson County submitted a form 990EZ, 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.