Newset Ii Hdfc

Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (66%)

Newset II HDFC has received a two-star rating from Charity Navigator, indicating a need for improvement in their operations and governance. The organization has shown strengths in areas such as financial oversight, with no material diversion of assets reported and a high program expense ratio of 93.83%. Additionally, they maintain essential policies like conflict of interest and whistleblower protections, which reflect a commitment to accountability.

However, significant weaknesses were identified, particularly in board independence, as the organization has no independent board members, which raises concerns about governance and oversight. The high liabilities to assets ratio of 157.88% is another red flag that may indicate financial instability. Furthermore, the nonprofit's tax form is not posted on their website, which can hinder transparency and public trust.

Overall, while Newset II HDFC demonstrates a commitment to programmatic spending and has established policies for oversight, the lack of independent board members and financial liabilities suggest that the organization needs to address key governance issues to improve its rating and effectiveness.

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

Newset Ii Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newset Ii Hdfc 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.settlementhousingfund.org