Senior Housing Corporation Iii

Charity Navigator Rating: 58% (One-Star out of Four Stars)

Senior Housing Corporation III has received a One-Star rating from Charity Navigator, reflecting significant concerns in its accountability and financial practices. The overall score is primarily derived from its Accountability & Finance score, which stands at 58%. While the organization has a fully independent board and demonstrates a robust program expense ratio, it has notable deficiencies in transparency, with missing financial statements and other key governance policies.

Among the strengths, the organization maintains a majority independent board and has no indications of material asset diversion, which indicates a commitment to ethical governance. However, the absence of vital documents such as a whistleblower policy and document retention guidelines, alongside a poor liabilities-to-assets ratio, raises questions about its financial health and operational practices.

In summary, while Senior Housing Corporation III exhibits some positive governance elements, the lack of transparency and financial documentation significantly detracts from its overall effectiveness, leading to its low rating. Potential donors and supporters should consider these factors carefully when evaluating the organization.

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

Senior Housing Corporation Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Housing Corporation Iii 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: $180,851

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Official website here: www.prdmanagement.com/noragarde