Erie Community Plaza Inc

Charity Navigator Rating: One-Star out of Four Stars (55%)

Erie Community Plaza Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score reflects a heavy emphasis on the Accountability & Finance category, which stands at 55%. While the organization shows strengths in having a majority independent board and no material diversion of assets, it has multiple areas of concern that contributed to the low score.

The nonprofit has performed well in certain aspects, such as maintaining an entirely independent board and ensuring that all reported program expenses are allocated appropriately. However, weaknesses are evident in its lack of essential policies and documentation. Missing items include a conflict of interest policy, a whistleblower policy, and the absence of board meeting minutes, which are critical for transparency and governance.

Additionally, the organization's high liabilities to assets ratio at 159.21% raises red flags about its financial health. The failure to provide essential documents like its tax form on the website also detracts from its accountability measures. Overall, while Erie Community Plaza Inc has strengths in governance, its lack of transparency and financial management policies significantly impacts its overall rating.

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

Erie Community Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erie Community Plaza Inc 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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