Greater Sheepshead Bay Development Corporation

Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating. The rating indicates that the Greater Sheepshead Bay Development Corporation has room for improvement in areas of accountability and financial health. The organization shows strengths in having a majority independent board and a solid program expense ratio, which suggests that most of its resources are directed toward its stated mission.

However, there are significant concerns regarding governance practices. The nonprofit received low scores in critical areas such as the conflict of interest policy, whistleblower policy, and document retention practices. The lack of transparency and documented practices in these areas may affect stakeholder trust and overall organizational integrity.

Additionally, the liabilities to assets ratio raises red flags, indicating potential financial instability. While the high program expense ratio is a positive aspect, the overall financial health and governance structures need addressing to enhance the organization's effectiveness and accountability to its community and donors.

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

Greater Sheepshead Bay Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Sheepshead Bay Development Corporation 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: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,276

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Official website here: www.gsbdcorp.org