Northwest Rockford Redevelop Corp

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)

The Northwest Rockford Redevelop Corp has received a rating of "Needs Improvement" from Charity Navigator, indicating that while the organization demonstrates strong performance in certain areas, there are aspects that require attention. Notably, it scored 100% in Accountability & Finance, reflecting solid financial practices, transparency, and governance. The organization has an independent board that meets the highest standards, with a perfect score in both board size and independence.

The financial metrics are encouraging, such as a low liabilities-to-assets ratio of 10.65% and an impressive program expense ratio of 95.22%. These figures suggest that a significant portion of their funds is directed toward program services rather than administrative costs, which is a positive sign for donors concerned about impact. Documenting board meeting minutes further indicates a commitment to accountability.

However, the overall two-star rating suggests that there are still improvements needed in other areas not detailed in the financial metrics. For potential supporters, it may be beneficial to look into these areas to understand the full scope of the organization's effectiveness and impact.

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

Northwest Rockford Redevelop Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Rockford Redevelop Corp 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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