Mdbm-Drake Senior Housing Corporation

Charity Navigator Rating: Needs Improvement (62%, Two-Star out of Four Star rating)

Mdbm-Drake Senior Housing Corporation has received a "Needs Improvement" rating from Charity Navigator, indicating significant areas for growth despite strong financial management. The organization has excelled in accountability and finance, achieving a perfect score of 100% in this category. Notably, it has received full points for its audit process and for having no material diversion of assets.

However, the nonprofit faces challenges related to governance, primarily due to a lack of independent board members, with only 33% meeting this criterion. This limited independence impacts its overall governance score. Additionally, the organization has not made its website available on tax forms and has missing documentation on board meeting minutes, which detracts from transparency and may raise concerns among potential donors and stakeholders.

While Mdbm-Drake Senior Housing Corporation effectively allocates a high percentage of its expenses to programs, with a program expense ratio of 93.25%, addressing its governance issues and improving transparency could enhance its reputation and support in the community.

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

Mdbm-Drake Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mdbm-Drake Senior 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: $40,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,300

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