Mhany Peninsula Local Development Corporation

Charity Navigator Rating: 52%, One-Star out of Four Stars

Mhany Peninsula Local Development Corporation has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board of directors, the lack of financial transparency is a major drawback, as evidenced by missing financial statements and essential governance policies.

Despite these limitations, the organization shows strength in its program expense ratio, allocating 97.43% of its expenses directly to its programs. This suggests a focused commitment to its mission and services, although the lack of basic financial documentation raises red flags for potential donors and stakeholders.

Additionally, the absence of a website linked to its tax form, conflict of interest policy, whistleblower policy, and document retention policy points to a need for improved governance practices. Without such transparency and accountability measures in place, potential supporters may be hesitant to engage with the organization.

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

Mhany Peninsula Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany Peninsula Local Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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