Venable Apartments Ii Inc

Charity Navigator Rating: Needs Improvement - 67%

Venable Apartments II Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while it performs well in some areas, there are significant concerns that need to be addressed. The organization has a high program expense ratio of 83.30%, showcasing a strong commitment to its mission. Additionally, it has an independent board consisting of 87% independent members, which reflects good governance practices.

However, the nonprofit has notable weaknesses that impact its rating. The liabilities to assets ratio is concerning at 164.96%, suggesting potential financial instability. Furthermore, essential governance policies, including a conflict of interest policy and a whistleblower policy, are missing, which raises questions about the transparency and accountability of the organization. Lastly, the absence of the tax form on its website also detracts from its transparency.

Overall, while Venable Apartments II Inc demonstrates strengths in program spending and independent governance, it needs to focus on addressing its financial health and implementing critical policies to enhance its accountability and public trust.

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

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