Easthampton Housing For The Elderly Inc

Charity Navigator Rating: 64% (Two-Star out of Four Star Rating)

Easthampton Housing For The Elderly Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization meets some standards, there are notable concerns regarding its financial health and operational transparency. The overall score is driven solely by the Accountability & Finance criteria, which highlights the charity's financial management practices.

Strengths of the organization include a fully independent board, with 100% of its members meeting independence criteria, and a solid commitment to program expenses, as evidenced by a program expense ratio of 93.50%. Furthermore, the charity has established a comprehensive audit and oversight committee, and there is no evidence of material diversion of assets, reflecting a level of financial integrity.

However, the charity faces significant challenges, particularly regarding its liabilities relative to its assets, which stand at a 152.41% ratio. Additionally, the absence of a whistleblower and document retention policies raises concerns about its governance practices. The lack of an independent board member, which resulted in a score of 0 out of 7 points in that category, also indicates a potential area for improvement in diversifying board representation.

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

Easthampton Housing For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Easthampton Housing For The Elderly 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: $0

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