Resident Resources Network Inc

Charity Navigator Rating: Needs Improvement

Resident Resources Network Inc has received a Two-Star out of Four Star rating from Charity Navigator, scoring 64% overall. This rating reflects the organization's need for improvement, particularly in the areas of financial accountability and transparency. While the organization boasts a fully independent board and a solid program expense ratio, concerns arise due to missing policies and documentation.

One of the strengths noted is the organization’s dedication to program expenses, with 91.47% of its budget allocated directly to its programs. Additionally, there is no indication of material diversion of assets, suggesting a level of financial integrity. However, the absence of key policies, such as a whistleblower policy and a document retention policy, raises questions about governance and risk management.

The financial statements review or compilation score is notably low, indicating a lack of thorough financial oversight that could affect transparency. Furthermore, the missing tax forms on the nonprofit's website may hinder potential donors' ability to assess the organization's financial health. Overall, while Resident Resources Network Inc demonstrates commitment to its mission, there are critical areas needing attention to enhance its accountability and credibility.

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

Resident Resources Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Resident Resources Network 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: $105,991
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,648

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