Chimney Peak Development Corporation

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

Chimney Peak Development Corporation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability. The overall score is derived entirely from the Accountability & Finance beacon, where the organization scored 58%. While it has strengths in areas such as having a majority independent board and a solid program expense ratio, the high liabilities to assets ratio significantly impacted its overall score.

The organization demonstrates a strong commitment to governance, with full marks for having a majority of independent board members and documenting board meeting minutes. Additionally, the program expense ratio is commendable at 74.61%, suggesting that a substantial portion of its expenses goes directly to its programs.

However, the major limitation stems from its liabilities to assets ratio, which stands at 155.57%, indicating that the organization has more liabilities than assets. This financial structure raises concerns about its sustainability and capacity to meet obligations. Overall, while there are notable strengths, the significant financial challenges reflected in the rating are critical for potential donors to consider.

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

Chimney Peak Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chimney Peak Development Corporation 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: $10,703

For more financial information, click here