Burchacon Housing Inc

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 71%

Burchacon Housing Inc has received a two-star rating from Charity Navigator, indicating areas that require improvement despite a solid accountability and finance score of 100%. The organization demonstrates strong governance with an independent board and maintains a good program expense ratio of 85.10%, highlighting effective allocation of funds towards its mission.

However, there are significant concerns regarding certain policies and transparency. The organization lacks a whistleblower policy and a document retention and destruction policy, which raises questions about internal controls. Additionally, the absence of tax forms on its website limits transparency for potential donors and stakeholders.

Financially, while the program expense ratio is commendable, the liabilities to assets ratio of 79.56% suggests a high level of liabilities compared to assets, potentially indicating financial strain. Overall, while Burchacon Housing Inc shows promise in governance and program spending, addressing policy gaps and improving financial stability are crucial for future growth and trust.

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

Burchacon Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Burchacon Housing 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: $71,836

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