Congregational Retirement Homes Iii Inc

Charity Navigator Rating: 86% (Three-Star out of Four Stars)

Congregational Retirement Homes III Inc has received a commendable Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization excels particularly in its governance practices, boasting a fully independent board and a robust conflict of interest policy. Its financial health is indicated by an impressive program expense ratio of 98.38%, ensuring that the vast majority of funding is directed towards its mission.

The charity's financial oversight is notable, as evidenced by its perfect scores in areas such as audit and oversight committee performance and the absence of material asset diversion. The organization demonstrates transparency by documenting board meeting minutes, further enhancing its accountability.

However, while the organization has strong financial practices, the rating is based solely on accountability and finance, which means that other aspects such as program effectiveness or community impact are not reflected in this score. Potential donors and stakeholders should consider looking into other performance metrics to gain a comprehensive understanding of the nonprofit's overall impact.

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

Congregational Retirement Homes Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Congregational Retirement Homes Iii 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: $318,715

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