Brunswick Housing Development Corp

Charity Navigator Rating: 67% (Two-Star out of Four Stars)

Brunswick Housing Development Corp has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The overall score is largely based on its Accountability & Finance score, which is 67%. While the organization performs well in areas like having an independent board and a high program expense ratio of 93.27%, which suggests that a significant portion of its funds are directed towards its programs, there are notable areas of concern.

The organization benefits from a fully independent board and has solid financial auditing practices, scoring full points in these areas. However, it struggles with transparency and governance, as it lacks essential policies such as conflict of interest, whistleblower, and document retention policies. Moreover, the organization does not provide tax form disclosures on its website, which affects its overall accountability perception.

The liabilities to assets ratio is notably high at 217.24%, raising concerns about financial stability. Despite its strengths in program spending and board independence, Brunswick Housing Development Corp's lack of important governance procedures and high liability levels indicate areas that need improvement for a stronger standing in the nonprofit sector.

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

Brunswick Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brunswick Housing Development Corp 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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