Euclid Hall Housing Development Fund Company Inc

Charity Navigator Rating: Needs Improvement

Euclid Hall Housing Development Fund Company Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its operational practices. With an overall score of 66%, the organization shows strengths in several areas such as maintaining a conflict of interest policy, a whistleblower policy, and sound financial oversight, evidenced by perfect scores in audit and oversight measures.

However, the nonprofit faces significant challenges, particularly with board governance. Only 33% of its board members are independent, which raises concerns about potential conflicts of interest and the effectiveness of oversight. Additionally, the organization has a high liabilities to assets ratio of 80.95%, which could indicate financial vulnerability. The absence of the tax form on its website is another point of concern regarding transparency.

Despite these limitations, Euclid Hall demonstrates a strong commitment to its program expenses, with 94.12% of its budget allocated to programs, suggesting a focus on mission-driven activities. Overall, while there are areas needing attention, particularly in governance and financial stability, the organization appears dedicated to its core objectives.

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

Euclid Hall Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Euclid Hall Housing Development Fund Company 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: $1,042,471

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Official website here: www.wsfssh.org