Ivy Plaza Housing Corporation

Charity Navigator Rating: One-Star out of Four Star rating

Ivy Plaza Housing Corporation has been assigned a one-star rating by Charity Navigator, reflecting overall challenges in accountability and financial management. The organization achieved a score of 58%, indicating significant areas needing improvement. While it has strengths in areas such as having a fully independent board and a strong program expense ratio, these are overshadowed by concerns regarding financial liabilities and missing essential policies.

The organization boasts a program expense ratio of 79.47%, showing a commitment to its mission, yet it suffers from an alarming liabilities to assets ratio of 346.96%. This suggests that the organization's financial obligations far exceed its assets, posing potential sustainability issues. Furthermore, the lack of transparency is evident, as essential documents such as tax forms and various policy frameworks (including conflict of interest and whistleblower policies) are missing from their website.

Overall, while Ivy Plaza Housing Corporation demonstrates some effective governance practices, the significant gaps in financial management and transparency contribute to its low rating. Stakeholders should consider these factors carefully when engaging with the organization.

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

Ivy Plaza Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivy Plaza Housing 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: $79,288

For more financial information, click here