Cabot Housing Inc

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Cabot Housing Inc has received a two-star rating from Charity Navigator, indicating it needs improvement, with an overall score of 71%. The organization demonstrates strengths in governance, with 100% of its board members being independent and a solid audit committee in place, reflected in high scores for material diversion of assets and conflict of interest policies. However, there are notable weaknesses, particularly in transparency and financial management, as evidenced by the missing whistleblower and document retention policies.

The program expense ratio is commendable at 90.36%, suggesting that the majority of funds are directed towards programs rather than administrative costs. Despite this, the organization faces issues with its liabilities to assets ratio, standing at a concerning 152.66%, which reflects potential financial instability. Additionally, the failure to post key documents, such as the tax form on its website, further detracts from its accountability.

In summary, while Cabot Housing Inc shows a commitment to programmatic spending and has a strong governance structure, it must address its financial management and transparency practices to improve its overall rating and public trust.

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

Cabot Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cabot Housing Inc 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: $108,810

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