Stamford Cross Road Residences Inc

Charity Navigator Rating: 1 star (58%)

Stamford Cross Road Residences Inc has received a low rating of 58%, resulting in a One-Star out of Four Stars designation. This rating primarily reflects concerns in the Accountability & Finance category, indicating significant areas for improvement. While the organization excels in maintaining a majority independent board and demonstrates a strong program expense ratio, other factors have negatively impacted its overall score.

The nonprofit has a solid foundation in some governance aspects, such as documenting board meeting minutes and having no material diversion of assets, both of which scored full points. However, critical policies like conflict of interest, whistleblower, and document retention policies are missing, leading to significant deductions in the accountability score. Additionally, the absence of a website listed on the tax form raises transparency concerns.

Financially, the organization shows a high liabilities to assets ratio, suggesting potential solvency risks. While the program expense ratio indicates that a large share of its budget is directed toward its mission, the lack of transparency and governance policies presents limitations that need addressing to improve stakeholder trust and overall operational effectiveness.

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

Stamford Cross Road Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stamford Cross Road Residences 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: $73,304

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