Mhany 2005 Housing Development Fund Corporation

Charity Navigator Rating: 67%, Two-Star out of Four Star rating.

Mhany 2005 Housing Development Fund Corporation demonstrates solid accountability and financial practices, particularly highlighted by its high program expense ratio of 92.72%. The organization has a fully independent board with all members meeting the criteria for independence, which reflects a commitment to governance and oversight. Additionally, the charity has successfully conducted audits and documented board meeting minutes, indicating transparency in its operations.

However, the organization faces challenges with a liabilities to assets ratio of 139.71%, suggesting that it has more liabilities than assets, which could raise concerns about financial health and sustainability. Despite its strengths in governance and program expenses, this financial leverage poses a risk that may impact future operations. Overall, while Mhany 2005 has strong aspects in board governance and program funding, its financial ratios warrant attention for potential improvement.

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

Mhany 2005 Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany 2005 Housing Development Fund 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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