St Columba Development Corporation Inc

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

St Columba Development Corporation Inc, operating as Sister Thea Bowman Manor, has received a rating of 73% from Charity Navigator, indicating it needs improvement. The organization demonstrates strong governance with a fully independent board and effective oversight mechanisms, such as an audit and oversight committee. Notably, it has no material diversion of assets and maintains a conflict of interest policy, which are positive indicators of accountability.

Despite these strengths, the organization faces challenges in transparency and financial health. It lacks crucial documentation, such as board meeting minutes and tax forms posted on its website, which detracts from its overall rating. Moreover, the liabilities to assets ratio is significantly high at 155.04%, indicating potential financial strain.

The program expense ratio stands at 93.63%, suggesting that a large portion of its expenses is directed toward its programs. While this is commendable, the overall lack of financial clarity and documentation issues highlight areas that need attention for the organization to improve its rating and public trust.

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

St Columba Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Columba Development Corporation 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: $147,158

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