Holy Redeemer Senior Citizens Facility

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 67%)

Holy Redeemer Senior Citizens Facility demonstrates strong accountability and financial management, achieving a perfect score in several areas such as independent board member presence and program expense ratio. They have effectively managed their program expenses, dedicating approximately 92.84% of their resources to their programs, which is a positive indicator of their commitment to serving their clients.

However, the organization faces significant challenges reflected in their overall rating. Notably, they have a very high liabilities to assets ratio, indicating potential financial instability. Additionally, several critical governance policies, including their conflict of interest, whistleblower, and document retention policies, are missing, which raises concerns about their operational transparency and ethical standards.

While Holy Redeemer Senior Citizens Facility has shown strong points in financial accountability, their weaknesses in governance policies and financial ratios suggest that they need to make considerable improvements to enhance their overall effectiveness and trustworthiness as a nonprofit organization.

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

Holy Redeemer Senior Citizens Facility is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Redeemer Senior Citizens Facility 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: $151,235

For more financial information, click here