Fancy Farm Elderly Housing Corporation C/O Brookside Development

Charity Navigator Rating: Needs Improvement (61%, Two-Star out of Four Star rating)

Fancy Farm Elderly Housing Corporation has received a Two-Star rating from Charity Navigator, reflecting a need for improvement in certain areas. The organization demonstrates a strong commitment to independent governance, evidenced by its perfect scores for majority independent board members and board size. Additionally, it maintains a robust program expense ratio of 82.09%, indicating that a significant portion of its expenditures goes directly towards its programs.

However, the nonprofit faces notable challenges in its accountability and finance practices. The absence of key policies such as conflict of interest, whistleblower, and document retention policies has significantly impacted its score. Furthermore, the high liabilities to assets ratio of 124.76% raises concerns about financial stability, as this suggests that the organization's liabilities exceed its assets.

Overall, while Fancy Farm Elderly Housing Corporation shows strengths in governance and program funding, the organization must address its policy deficiencies and financial health to enhance its accountability and trustworthiness in the nonprofit sector.

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

Fancy Farm Elderly Housing Corporation C/O Brookside Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fancy Farm Elderly Housing Corporation C/O Brookside Development 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: $3,497

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