Monroe Manor Corporation

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

Monroe Manor Corporation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The rating reflects an overall score of 58%, primarily driven by an Accountability & Finance score that highlights both strengths and weaknesses in its governance practices.

The organization demonstrates strengths such as having 100% independent board members and a high program expense ratio of 86.49%, which suggests that a substantial portion of its expenditures is directed towards its mission-related programs. Additionally, it maintains proper documentation of board meeting minutes and shows no material diversion of assets, which are positive indicators of governance.

However, critical limitations are evident in its accountability measures, with a high liabilities to assets ratio of 136.69%, indicating financial instability. Furthermore, the absence of essential policies such as a conflict of interest policy and a whistleblower policy raises concerns about the organization's commitment to ethical practices and internal controls. These factors contribute to the low overall rating and suggest areas for improvement in governance and financial management.

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

Monroe Manor Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe Manor Corporation 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: $8,402

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