Waynedale Apartments Inc

Charity Navigator Rating: 45%

Waynedale Apartments Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 45% overall, primarily due to a lack of independent board members and missing key governance policies, such as a whistleblower policy and a document retention policy. While the organization has a material diversion of assets score of 10 out of 10, highlighting no mismanagement of funds, the overall financial health is troubling, as indicated by a liabilities to assets ratio of 233.29%.

Despite these governance issues, Waynedale Apartments demonstrates a strong commitment to its mission, with a program expense ratio of 76.76%. This suggests that a substantial portion of its expenditures are directed toward its core programs rather than administrative costs. However, the high salaries of key personnel raise questions about financial priorities and transparency within the organization.

Overall, while Waynedale Apartments Inc appears to fulfill its programmatic goals effectively, there are critical areas of governance and financial management that need significant improvement. Potential donors and supporters should consider these factors when evaluating the organization's effectiveness and trustworthiness.

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

Waynedale Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waynedale 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: $17,824

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