Bickford Street Elderly Housing Corp Ndc

Charity Navigator Rating: 78%, Three-Star out of Four Star rating. This rating indicates that Bickford Street Elderly Housing Corp Ndc is performing well in its accountability and financial management. The organization scores particularly high in areas such as having a fully independent board and maintaining robust financial oversight, which reflects a commitment to transparency and responsible governance.

The nonprofit's financial health is underscored by a strong program expense ratio of 93.11%, suggesting that a significant portion of its expenditures is directed towards its charitable programs. Additionally, the absence of material diversion of assets and the establishment of a conflict of interest policy further enhance its accountability. These factors collectively contribute to the organization’s solid financial standing.

However, the organization’s liabilities to assets ratio of 60.00% indicates that it carries a moderate level of debt compared to its assets. While this might raise some concerns about financial leverage, the overall accountability and governance practices are commendable. Overall, Bickford Street Elderly Housing Corp Ndc demonstrates a reliable commitment to serving its community while prioritizing ethical financial practices.

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

Bickford Street Elderly Housing Corp % Ndc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bickford Street Elderly Housing Corp % Ndc 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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