Community Apartments Corporation Of Forsyth County 3

Charity Navigator Rating: 58%, One-Star out of Four Stars

The Community Apartments Corporation Of Forsyth County has received a low rating of 58%, which translates to a One-Star evaluation. This score is primarily derived from its Accountability & Finance metrics, indicating areas where the organization may be lacking in transparency and governance practices. While the charity demonstrates a strong commitment to having an independent board, several key accountability policies are missing, contributing to its low overall rating.

The organization scored well in certain areas, such as having a majority of independent board members and effectively managing program expenses, with a program expense ratio of 84.52%. However, the absence of critical policies—like a conflict of interest policy and whistleblower protections—raises concerns about governance and financial oversight. Additionally, the charity's liabilities to assets ratio is quite high at 150.77%, which may indicate potential financial instability.

While the charity does have some strengths, particularly in board independence and program expenditure, the significant limitations in its policies and financial management practices underscore the need for improvement in accountability. Stakeholders and potential donors should consider these factors when evaluating the organization's overall effectiveness and reliability.

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

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