Northumberland Borough Housing Corp

Charity Navigator Rating: 94% (Four-Star out of Four Star rating)

Northumberland Borough Housing Corp has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. This score is based solely on its outstanding accountability and finance score of 94%, highlighting the organization's effective management and transparency in its financial practices.

The organization boasts a fully independent board, with all members meeting the criteria for independence. This governance structure is further bolstered by the presence of an audit and oversight committee, which scored perfectly. Northumberland Borough Housing Corp has demonstrated excellent practices such as documented board meeting minutes, a conflict of interest policy, and a whistleblower policy, all contributing to its robust oversight and ethical operations.

One notable strength is the high program expense ratio of 83.31%, indicating that a significant portion of its budget is directed toward its mission-related activities. Additionally, the low liabilities to assets ratio of 6.27% suggests sound financial stability. Overall, the data reflects a well-managed organization with strong ethical governance and a focus on its core objectives.

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

Northumberland Borough Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northumberland Borough Housing Corp 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: $144,374

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