Mhany Dumont Housing Development Fund Corporation

Charity Navigator Rating: 70%, Two-Star out of Four Star rating. This rating indicates that Mhany Dumont Housing Development Fund Corporation meets some standards of accountability and transparency but has room for improvement in its financial health. The organization has demonstrated a strong commitment to governance, as evidenced by its fully independent board and well-documented meeting minutes.

Strengths include an impressive program expense ratio of 93.08%, which suggests that the majority of its resources are directed toward its mission-related activities. Additionally, the organization has received full points for its financial statements audit and there have been no reported material diversions of assets, indicating sound financial practices in these areas.

However, the organization faces challenges with its liabilities to assets ratio, which stands at 65.56%. This figure suggests that a significant portion of its assets are tied up in liabilities, which could impact its financial stability and operational flexibility moving forward. Overall, while the organization shows strong governance and programmatic commitment, improvements in financial health are necessary for a more favorable rating.

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

Mhany Dumont Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany Dumont Housing Development Fund 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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