Troy Redevelopment Foundation Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)

The Troy Redevelopment Foundation Inc has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement within the organization. While the foundation performs well in several areas such as having a fully independent board and a high program expense ratio, which reflects effective allocation of resources towards its mission, it falls short in governance and transparency practices.

Specifically, the organization lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which raises concerns regarding accountability. Furthermore, the absence of the tax form on the nonprofit's website could hinder transparency for potential donors and stakeholders seeking insight into the foundation's financial operations.

Overall, while the foundation demonstrates strong financial health and commitment to its programs, addressing the missing governance policies is crucial for enhancing its credibility and trustworthiness among supporters and the community it serves.

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

Troy Redevelopment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Redevelopment Foundation 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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