Belmont Commons Inc

Charity Navigator Rating: 65%, Two-Star out of Four Star rating

Belmont Commons Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The rating is primarily based on the accountability and finance beacon, which reflects a score of 65%. This score highlights the organization's commitment to maintaining a majority of independent board members and adhering to ethical guidelines, as evidenced by their policies on conflict of interest and documentation of board meeting minutes.

One of the strengths of Belmont Commons Inc is its independent governance, with 100% of its board members being independent. Additionally, the organization has demonstrated good practices in program expense ratios, allocating approximately 69.66% of its expenses towards programs. These factors contribute positively to its accountability profile.

However, the organization faces challenges, particularly indicated by its liabilities to assets ratio, which stands at 100.83%. This suggests potential financial concerns that could affect its sustainability and operational effectiveness. While the organization shows strengths in governance and program spending, the financial metrics indicate that potential donors should consider these factors when evaluating their support.

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

Belmont Commons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Commons 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: $38,269

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