Mattawamkeag Housing Corporation

Charity Navigator Rating: 58%, One-Star out of Four Star rating.

Mattawamkeag Housing Corporation has received a score of 58%, which reflects significant concerns in its accountability and financial practices. While the organization excels in areas such as having a fully independent board and a high program expense ratio of 94.18%, it faces serious issues with its financial health, indicated by a liabilities to assets ratio of 168.42%. This suggests potential financial instability.

Strengths of the organization include its transparency in documenting board meeting minutes and the absence of material diversion of assets, which is a positive indicator of financial integrity. However, the lack of essential policies such as a conflict of interest policy, whistleblower policy, and a document retention policy raises flags about governance practices. Furthermore, the failure to provide its tax form on its website limits transparency regarding its financial activities.

Overall, while Mattawamkeag Housing Corporation demonstrates some commendable governance elements, the significant weaknesses in financial management and missing oversight policies necessitate a cautious approach for potential supporters and stakeholders.

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

Mattawamkeag Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mattawamkeag Housing 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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