Northborough Affordable Housing Corporation

Charity Navigator Rating: Needs Improvement (60%)

The Northborough Affordable Housing Corporation has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement within the organization. The accountability and finance section scored a perfect 100%, which reflects strong financial practices and transparency. However, the lack of independent board members and missing policies regarding whistleblower protections and document retention detracts from the overall governance assessment.

The organization demonstrates a high program expense ratio of 95.61%, suggesting that a substantial portion of its funds is allocated directly to its mission-related activities. This commitment to programmatic spending is a strength, as it indicates a focus on serving the community. On the other hand, the absence of a website listed on the tax form and the missing posting of tax documents may hinder public access to crucial information.

Despite these limitations, the corporation has successfully avoided any material diversion of assets, which is a positive indicator of its operational integrity. Overall, while the organization shows promise with its financial management and program spending, the governance and transparency issues highlighted require attention for future improvement.

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

Northborough Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northborough Affordable Housing Corporation submitted a form 990EZ, 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.