Tennessee Housing Development Corporation

Charity Navigator Rating: 84% (Three-Star out of Four Stars)

The Tennessee Housing Development Corporation has achieved a respectable Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This score is primarily based on the organization's Accountability & Finance, which indicates a strong emphasis on financial management and responsible governance. The organization boasts a fully independent board and a solid program expense ratio, suggesting that a significant portion of its resources is allocated directly to its mission.

Despite these strengths, there are some areas for improvement, particularly concerning governance policies. The absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy raises concerns about transparency and accountability in operations. Furthermore, the nonprofit has not posted its tax form on its website, which could hinder public access to important financial information.

Overall, while the Tennessee Housing Development Corporation demonstrates a commitment to financial accountability and efficient program spending, enhancing its governance policies could improve its rating and foster greater trust within the community it serves.

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

Tennessee Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennessee Housing 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: $0

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Official website here: www.jacksonha.com