Coleman Apartments Inc

Charity Navigator Rating: 1-Star out of Four Stars (52%)

Coleman Apartments Inc has received a low rating of 52%, which indicates significant concerns regarding its accountability and financial practices. While the organization benefits from a fully independent board and shows strong governance in some areas, such as board member independence and documentation of meetings, it struggles in key financial metrics. The program expense ratio is relatively positive at 65.22%, but the organization has a high liabilities-to-assets ratio, which raises red flags about its financial health.

The absence of critical policies, such as a conflict of interest policy, whistleblower policy, and proper documentation retention practices, further diminishes the organization's rating. These missing elements suggest a lack of comprehensive oversight and potential vulnerabilities in its operations. Furthermore, the failure to post its tax form on the nonprofit's website may hinder transparency and public trust.

Overall, while Coleman Apartments Inc exhibits some strengths in governance, the significant limitations in financial management and policy adherence warrant caution for potential donors and stakeholders. Addressing these issues could improve the organization's standing and effectiveness in fulfilling its mission.

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

Coleman Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coleman Apartments 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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