Oceanview Resident Assistance Fund Inc

Charity Navigator Rating: 42%

The Oceanview Resident Assistance Fund Inc has received a Zero-Star out of Four Star rating due to its score of 42%, which is based solely on Accountability & Finance metrics. This low score indicates significant concerns regarding the organization's financial transparency and governance practices. The lack of independent board members and the absence of essential policies such as whistleblower and document retention are particularly notable issues.

Strengths identified include a perfect score for the material diversion of assets and a solid liabilities to assets ratio, suggesting some degree of financial stability. However, the nonprofit's weaknesses overshadow these positives, especially with low scores in areas such as program expense ratio and compliance with transparency standards, including the absence of its website listed on the tax form and failure to post tax documents online.

Overall, while the organization does demonstrate some positive aspects in its financial management, the significant shortcomings in governance and accountability raise serious concerns for potential donors and stakeholders. Improvements in these areas are critical for increasing trust and enhancing operational effectiveness.

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

Oceanview Resident Assistance Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oceanview Resident Assistance Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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