Somerville Place Inc

Charity Navigator Rating: 89% (Three-Star out of Four Star rating)

Somerville Place Inc has achieved a solid rating of 89%, which reflects its strong performance in accountability and finance. This rating indicates that the organization meets high standards for transparency and governance, as evidenced by its perfect scores in several key areas, including having a majority independent board and comprehensive conflict of interest policies.

The organization demonstrates effective financial management with a program expense ratio of 90.78%, meaning a significant portion of its expenses goes directly to its programs. This is a positive indicator of its commitment to fulfilling its mission and serving its community. Additionally, the absence of material diversion of assets further enhances its credibility.

However, the charity's liabilities to assets ratio of 60.61% suggests that there may be room for improvement in managing its financial obligations relative to its assets. While this is not a critical concern, it is something potential donors might want to consider when evaluating the organization’s long-term financial health. Overall, Somerville Place Inc appears to be a well-managed nonprofit with a strong commitment to accountability.

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

Somerville Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerville Place 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: $11,564

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Official website here: www.cascap.org