Great Valley Housing Development Corporation

Charity Navigator Rating: 71% (Two-Star out of Four Stars)

Great Valley Housing Development Corporation has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths in accountability and financial practices, there are notable areas for improvement. The organization excels in having a majority independent board and a well-structured audit and oversight committee, highlighting a commitment to governance and transparency.

However, the rating also reflects significant concerns, particularly regarding the organization's financial health. The liabilities to assets ratio is notably high at 105.23%, which may indicate potential financial instability. Additionally, the absence of critical policies such as a conflict of interest policy and a whistleblower policy raises questions about the organization's overall governance framework.

On the positive side, the charity has a perfect program expense ratio, meaning that all expenses are directed towards its programs. Nonetheless, the lack of transparency regarding tax forms on the nonprofit's website also detracts from its accountability score, suggesting that potential donors and stakeholders may have difficulty assessing the organization’s financial practices fully.

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

Great Valley Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Valley 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: $99,645

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