Asbury Towers Retirement Community Inc

Charity Navigator Rating: 77% (Three-Star out of Four Star rating)

Asbury Towers Retirement Community Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 77%. The rating is primarily based on the Accountability & Finance metrics, which emphasize the charity's financial health and governance practices. Key strengths include a fully independent board and high scores in financial oversight and program expenses, indicating effective resource allocation toward its mission.

The organization demonstrates strong governance, with all board members being independent and a comprehensive audit committee in place. However, it lacks an established conflict of interest policy, which could raise concerns about transparency and accountability. Additionally, its liabilities to assets ratio is quite high at 98.48%, which might indicate potential financial risk or a high level of indebtedness.

Overall, while Asbury Towers shows commendable financial management and governance, the absence of a conflict of interest policy and its significant liabilities suggest areas for improvement. Prospective donors and stakeholders should consider these factors when assessing the organization's overall health and effectiveness.

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

Asbury Towers Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asbury Towers Retirement Community 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: $145,978
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,325,841

For more financial information, click here

Official website here: www.asburytowers.com