Southampton Housing For The Elderly

Charity Navigator Rating: 67%, Two-Star out of Four Star rating

Southampton Housing For The Elderly has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization excels in various areas, such as having a fully independent board and a strong program expense ratio of 91.77%, which shows a commitment to allocating funds towards its mission. Their financial oversight mechanisms are robust, with a well-documented audit and oversight committee, and regular board meeting minutes.

However, the charity has notable limitations, particularly in its financial health, reflected in a liabilities to assets ratio of 102.20%, suggesting that the organization may have more liabilities than assets. This could raise concerns about its long-term sustainability and financial stability. Additionally, while the salaries of key personnel are relatively high, this may also detract from the overall perception of financial efficiency.

In summary, while Southampton Housing For The Elderly demonstrates strong governance and program spending, its financial health poses challenges that potential donors should consider.

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

Southampton Housing For The Elderly is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southampton Housing For The Elderly 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: $138,727

For more financial information, click here