New Milford Interfaith Housing Inc

Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)

New Milford Interfaith Housing Inc has received a Three-Star rating from Charity Navigator, reflecting a 75% score. This rating is primarily based on the charity's accountability and finance metrics, indicating that the organization demonstrates a solid commitment to financial transparency and good governance practices.

One of the strengths highlighted in the assessment is the organization’s board structure, which is entirely independent, scoring full points in both the majority independent board members and independent board size categories. Additionally, New Milford Interfaith Housing shows a strong financial oversight framework, with a well-documented audit and oversight committee, contributing to its high marks in accountability.

However, the organization does have a significant limitation regarding its liabilities, with a liabilities to assets ratio of 200.16%, which resulted in a low score in that category. While the charity's program expenses ratio is commendable at 82.94%, the financial sustainability aspect raises concerns that potential donors should consider. Overall, the organization appears to operate effectively, but financial health warrants attention.

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

New Milford Interfaith Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Milford Interfaith Housing 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: $185,846

For more financial information, click here