Schoolhouse Apartments Inc

Charity Navigator Rating: Needs Improvement

Schoolhouse Apartments Inc has received a two-star rating from Charity Navigator, indicating that it requires improvement to meet the expected standards for transparency and accountability. The organization scored 71% overall, with notable strengths in governance, including 100% independent board members and a robust audit and oversight committee. The program expense ratio is also commendable at 86.64%, suggesting that a significant portion of resources is directed towards its mission.

However, the organization faces several notable limitations. Key policy documents, such as the conflict of interest and whistleblower policies, are missing, which raises concerns about governance practices. Additionally, the lack of a website listed on the tax form and the absence of the nonprofit's tax form on its own website point to transparency issues that could impact trust among donors and stakeholders.

Despite these challenges, Schoolhouse Apartments Inc demonstrates a commitment to its financial responsibilities, as indicated by its low material diversion of assets and effective management of liabilities. The organization will need to address the gaps in its policies and public documentation to enhance its credibility and overall rating.

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

Schoolhouse Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schoolhouse Apartments 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: $117,871

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