Belltown Elderly Housing Inc C/O New Neighborhoods Inc

Charity Navigator Rating: 53%, One-Star out of Four Star rating

Belltown Elderly Housing Inc. has received a low rating of 53% from Charity Navigator, indicating concerns regarding its accountability and financial practices. The organization demonstrates some strengths, such as having a fully independent board and a solid audit and oversight committee. However, there are significant areas for improvement, particularly in governance practices, as indicated by missing policies related to whistleblowing and document retention.

Financially, the charity has a high liabilities to assets ratio of 170.70%, which raises concerns about its sustainability and financial health. The program expense ratio is at 55.31%, suggesting that only a little over half of its expenses are directed towards its programs. This performance could reflect the organization's challenges in effectively managing its resources for the benefit of its mission.

Overall, while Belltown Elderly Housing Inc. shows some governance strengths, the lack of key policies and its financial ratios indicate areas where accountability and transparency need to be enhanced. Stakeholders may want to consider these factors carefully when evaluating their support for the organization.

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

Belltown Elderly Housing Inc C/O New Neighborhoods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belltown Elderly Housing Inc C/O New Neighborhoods 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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