Pennsylvania Affordable Hsg Corp

Charity Navigator rating: 64%, Two-Star out of Four Star rating.

Pennsylvania Affordable Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization demonstrates strengths in having a fully independent board and a solid program expense ratio, which suggests that all its expenses are directed towards its programmatic efforts. However, the lack of transparency in financial statements and missing essential policies, such as a whistleblower policy and a document retention policy, raise concerns about governance.

The charity scores well on certain metrics, such as having no material diversion of assets and maintaining a favorable liabilities to assets ratio. However, the absence of critical documents like tax forms on its website and the independent board size further detracts from its overall rating. Addressing these gaps could enhance the organization's transparency and trustworthiness in the eyes of donors and stakeholders.

Overall, while the Pennsylvania Affordable Housing Corporation is committed to its mission of providing affordable housing, it is encouraged to improve its financial accountability and transparency practices to bolster confidence among its supporters and the community it serves.

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

Pennsylvania Affordable Hsg Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Affordable Hsg Corp 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: $18,325

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