Greater Springfield Residences Inc

Charity Navigator Rating: Needs Improvement

Overall, Greater Springfield Residences Inc has received a two-star rating with a score of 69%. The organization demonstrates strong accountability and finance practices, achieving a perfect score in this area, which suggests a commitment to financial transparency and responsibility. Notably, they have a conflict of interest policy, a whistleblower policy, and a document retention policy in place, reflecting good governance practices.

One notable strength is the high percentage of independent board members, with 66% of the board being independent. This enhances the organization's governance and decision-making processes. Additionally, the program expense ratio is commendable at 92.27%, indicating that a significant portion of their expenses is directed towards their program services rather than administrative costs.

However, the organization suffers from a concerning liabilities to assets ratio of 129.72%, which raises questions about financial stability. Furthermore, the independent board size is limited, with only two members, which may affect the board's diversity and breadth of perspective. Overall, while Greater Springfield Residences Inc exhibits strong governance practices, its financial health and board composition warrant attention.

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

Greater Springfield Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Springfield Residences 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: $15,975

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