Progressive Baptist Church Housing Foundation Inc

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

The Progressive Baptist Church Housing Foundation Inc has received a low rating of 52% from Charity Navigator, signifying significant weaknesses in accountability and financial transparency. While the organization has achieved a perfect score for having a majority of independent board members and independent board size, it falls short in providing necessary financial statements and has not established key governance policies, such as a conflict of interest policy or a whistleblower policy.

Despite its high program expense ratio, indicating that a considerable portion of its budget is directed towards its mission, the lack of essential documentation and transparency raises concerns. The organization has not maintained a website listing its tax form, further complicating its accountability. This absence of financial clarity and governance standards may deter potential donors and supporters looking for transparency in nonprofit operations.

Overall, while the foundation demonstrates some strengths in its governance structure, the significant gaps in financial reporting and policy documentation warrant caution for those considering support.

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

Progressive Baptist Church Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Progressive Baptist Church Housing Foundation 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: $530,174

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