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Neighborhood Prog    
Date:   09/10/10   Current Time:
         
   
   
 
   

Neighborhood Progress subsidiary, Village Capital Corp., has been rated by CARS, the CDFI Assessment and Rating System

03.11.10

 

CARSrated

CARS™, the CDFI Assessment and Rating System, is a comprehensive, third-party analysis of community development financial institutions that aids investors and donors in their investment decision-making. CARS™ uses a comprehensive methodology for rating Community Development Financial Institutions (CDFIs) in the areas of Impact Performance and Financial Strength and Performance. The Impact Performance rating is an assessment of the CDFI's effective use of its financial resources to achieve its stated mission. It includes the CDFI's own evidence and data of how its activities contribute to its mission. The Financial Strength and Performance Rating uses a CAMEL (Capital, Assets, Management, Earnings, Liquidity) analysis of the CDFI to assess the CDFI's overall creditworthiness based on an analysis of past financial performance, current financial strength, and apparent risk factors. CARS™ subscribers receive the Impact Performance rating (on a scale of AAA, AA, A, B), the Financial Strength and Performance rating (on a scale of 1 to 5) and a 10–15 page analysis of all areas examined, including financial statements and relevant ratios.