Tanya Towers Inc

Charity Navigator Rating: 62% (Two-Star out of Four Stars)

Tanya Towers Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The organization's Accountability & Finance score of 62 suggests that there are areas needing improvement, particularly in governance, as it has no independent board members, which raises questions about oversight and decision-making processes.

On a positive note, Tanya Towers Inc demonstrates a strong commitment to its programs, reflected in a program expense ratio of 95.42%. The charity has also shown effectiveness in its financial oversight, with no material diversion of assets reported. Key policies such as conflict of interest and whistleblower protections are in place, which is a plus for transparency.

However, the absence of a document retention policy and the lack of posted tax forms on its website are significant shortcomings. Additionally, the high liabilities to assets ratio of 83.39% may indicate potential financial instability. While the organization is doing well in its programmatic efforts, addressing these governance and transparency issues will be crucial for building trust and improving its overall rating in the future.

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

Tanya Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tanya Towers 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: $0

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Official website here: www.newsettlementcommunitycenter.org