Ellery Court Senior Housing Development Fund Corporation

Charity Navigator Rating: 79%, Three-Star out of Four Star rating from Charity Navigator.

Ellery Court Senior Housing Development Fund Corporation has received a solid Three-Star rating, indicating a generally positive assessment based primarily on its Accountability & Finance metrics. The organization boasts a perfect score for having an independent board, which contributes to its governance integrity, and it maintains strong oversight mechanisms through its audit and oversight committee.

The charity has demonstrated a commitment to transparency and accountability by implementing various policies, including those for conflict of interest and whistleblower protection. With a program expense ratio of 78.04%, it appears to effectively allocate most of its funds toward its mission, which is a notable strength.

However, the organization does face a significant concern regarding its liabilities to assets ratio at 183.83%, indicating potential financial instability. This high ratio could raise red flags for stakeholders regarding the sustainability of its operations in the long term, suggesting a need for careful financial management moving forward.

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

Ellery Court Senior Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ellery Court Senior Housing Development Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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