Perry Farm Development Co

Charity Navigator Rating: 54% (One-Star out of Four Star Rating)

Perry Farm Development Co has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board of directors, there are notable deficiencies such as the absence of key policies, including a conflict of interest policy and a whistleblower policy, which are critical for organizational transparency and integrity.

Financially, the charity's liabilities to assets ratio stands at 73.89%, which is a point of concern, suggesting that the organization has a high level of liabilities compared to its assets. However, it does have a commendable program expense ratio of 72.67%, indicating that a significant portion of its expenses goes directly toward its programs. Despite this strength, the lack of proper financial statements and essential governance documents raises red flags about its financial oversight.

In summary, while Perry Farm Development Co demonstrates some positive aspects in its program spending and board independence, the overall rating reflects serious issues in governance and financial management. Potential donors and stakeholders should consider these factors carefully before engaging with the organization.

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

Perry Farm Development Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Perry Farm Development Co 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: $55,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $635,267

For more financial information, click here

Official website here: www.pvm.org