Cape Cod Apartments Inc

Charity Navigator Rating: Needs Improvement

Cape Cod Apartments Inc received a two-star rating from Charity Navigator, indicating that the organization has areas needing improvement. While it scores well in certain accountability aspects, such as having a fully independent board and a solid audit committee, other critical policies, including conflict of interest and whistleblower policies, are missing. These omissions can affect the organization's transparency and accountability.

Financially, the organization demonstrates a high program expense ratio of 80.94%, reflecting a strong focus on its mission-related activities. However, the liabilities to assets ratio of 73.59% raises concerns about financial stability. This suggests that the organization may be heavily reliant on its liabilities, which could pose risks in the long term.

In summary, while Cape Cod Apartments Inc showcases strengths in governance and commitment to program spending, it faces significant challenges in policy implementation and financial health. Addressing these weaknesses is essential for improving its overall rating and enhancing trust among stakeholders.

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

Cape Cod Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape Cod Apartments 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: $123,360

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Official website here: www.none