Lyons Falls Housing Dev Fund Coinc

Charity Navigator Rating: One-Star out of Four Stars (58%)

Lyons Falls Housing Dev Fund Coinc has received a One-Star rating from Charity Navigator with an overall score of 58%. The rating reflects significant strengths in governance, including a fully independent board and effective documentation of board meeting minutes. The charity also demonstrates strong program expenditure, with an impressive program expense ratio of 89.22%, indicating that a substantial portion of their funds is being directed towards their programs.

However, the organization has notable weaknesses in its accountability and finance practices. The liabilities to assets ratio is concerning at 150.11%, suggesting potential financial instability. Additionally, key policies such as a conflict of interest policy, whistleblower policy, and document retention policy are absent, which could raise concerns about the organization's transparency and ethical governance.

The absence of the tax form on the nonprofit's website further diminishes its accountability score. While the organization excels in certain areas, these limitations highlight the need for improved governance practices to enhance trust and operational effectiveness in the eyes of donors and stakeholders.

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

Lyons Falls Housing Dev Fund Coinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyons Falls Housing Dev Fund Coinc 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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