Herkimer County Community College Housing Authority

Rating from Charity Navigator: 82% - Three-Star out of Four Star rating.

The Herkimer County Community College Housing Authority has received an 82% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects the organization's commitment to managing its resources effectively, particularly demonstrated by a high program expense ratio of 99.01%, which suggests that nearly all of its expenditures contribute directly to its mission.

However, the organization shows some weaknesses in its governance structure, notably having no independent board members. While the board size appears adequate, the lack of independence may raise concerns about oversight and accountability. Additionally, the organization did not score well in certain transparency metrics, such as having its tax form and other financial documents readily accessible on its website.

Despite these limitations, the Housing Authority managed to showcase strong financial practices, including a low liabilities to assets ratio and effective audit and oversight practices. Overall, while there are areas for improvement, the organization demonstrates a strong commitment to its programs and financial integrity.

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

Herkimer County Community College Housing Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Herkimer County Community College Housing Authority 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: $345,349

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