Lee Elderly Housing Corp

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

Lee Elderly Housing Corp has received a three-star rating from Charity Navigator, highlighting its accountability and financial responsibility. The organization has scored 79% in its Accountability & Finance metrics for the fiscal year 2023, indicating a solid performance in managing its resources and adhering to best practices in governance.

Strengths of Lee Elderly Housing Corp include its entirely independent board, which received full points for having eight independent members, as well as a strong audit and oversight committee. The charity also demonstrates a commitment to financial transparency, with an impressive program expense ratio of 81.59%, meaning that a significant portion of its funding directly supports its programs.

However, the organization does face a limitation with its liabilities to assets ratio, which stands at 121.03%. This indicates that the organization may have more liabilities than assets, a factor that could raise concerns about financial stability. Overall, while the charity has robust governance practices, potential donors should consider these financial indicators when assessing the organization's long-term viability.

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

Lee Elderly Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee Elderly Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,346

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