Freeport Housing Trust Inc

Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating

Freeport Housing Trust Inc has received a moderate rating of 71% from Charity Navigator, indicating some strengths but also areas that require improvement. The organization excels in accountability and financial management, with a perfect score in several governance categories, including independent board member composition and the lack of material diversion of assets.

However, there are significant limitations noted in the financial review processes and transparency. The organization did not score well in areas such as the review of financial statements, the presence of a whistleblower policy, and the documentation policies related to retention and destruction. Additionally, the absence of important tax forms on their website suggests a need for better communication and transparency with stakeholders.

Overall, while Freeport Housing Trust Inc demonstrates good governance practices, the lack of thorough financial oversight and transparency mechanisms may raise concerns among potential donors and supporters. Addressing these weaknesses could enhance their overall standing and trustworthiness in the nonprofit sector.

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

Freeport Housing Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeport Housing Trust 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: $79,919
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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