Community Apartments Corporation Of Metrolina 7

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

Community Apartments Corporation Of Metrolina 7 has received a low rating of 58%, indicating significant concerns regarding its accountability and financial practices. While the organization demonstrates strong governance with a fully independent board and no material diversion of assets, it has notable deficiencies in critical areas such as financial transparency and policy documentation.

The program expense ratio is commendable at 82.33%, reflecting a strong focus on its mission-related spending. However, the organization faces challenges with a liabilities to assets ratio of 151.38%, suggesting potential financial instability. Furthermore, the absence of key policies such as conflict of interest, whistleblower protections, and a document retention policy raises questions about the organization's operational integrity.

Additionally, the nonprofit's website does not provide necessary tax documents, which further detracts from its transparency efforts. Overall, while the organization has strengths in governance and program spending, the lack of essential policies and financial transparency significantly impacts its overall rating and raises concerns for potential donors.

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

Community Apartments Corporation Of Metrolina 7 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Metrolina 7 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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