Mdbm-Epsilon Senior Housing Corporation

Charity Navigator Rating: 62%, Two-Star out of Four Star rating

The Mdbm-Epsilon Senior Housing Corporation has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial management. The organization scored 62 in the Accountability & Finance category, reflecting a need for improvement in governance practices, particularly concerning board independence and the transparency of its financial documents.

While the organization has demonstrated strong programmatic spending with a Program Expense Ratio of 92.46%, the overall financial health raises some red flags, particularly with a Liabilities to Assets Ratio of 161.72%. The absence of a fully independent board and missing documentation such as meeting minutes and tax forms on its website detracts from its transparency and governance.

Despite these weaknesses, the nonprofit has established policies addressing conflict of interest and whistleblower protections, which indicate a commitment to ethical standards. However, the high salaries of key executives may raise questions for stakeholders regarding resource allocation, particularly when contrasted with the organization's overall financial metrics.

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

Mdbm-Epsilon Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mdbm-Epsilon Senior Housing 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: $40,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,186

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