East Brooklyn Housing Development Corp

Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars

East Brooklyn Housing Development Corp has received a "Needs Improvement" rating from Charity Navigator, scoring 62% overall. This indicates potential concerns in areas of accountability and transparency. The organization has not achieved any independent board representation, which impacts its governance score significantly; it received 0 out of 10 points for both independent board members and independent board size.

On a positive note, the organization has demonstrated strong financial integrity, with no material diversion of assets and a perfect liabilities to assets ratio of 0.00%. Furthermore, it has established policies for conflict of interest, whistleblowing, and document retention, all of which are important for maintaining accountability. However, the lack of a publicly available website and the absence of posted tax forms on its website detract from its transparency efforts.

Programmatically, the organization allocates approximately 60.53% of its expenses to program services, which reflects a commendable commitment to its mission. Still, further improvements in financial reporting and governance practices are necessary to enhance its overall standing and public confidence.

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

East Brooklyn Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Brooklyn Housing Development Corp 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: $30,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,115

For more financial information, click here

Official website here: www.eastbrooklynhousing.org