Winwood Apartments Inc

Charity Navigator Rating: Needs Improvement (61%)

Winwood Apartments Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement in its accountability and financial practices. The organization boasts a high program expense ratio of 87.91%, showing a strong commitment to its mission-related activities. However, concerns arise from the lack of essential policies, such as conflict of interest, whistleblower, and document retention policies, which received zero points in these categories.

The board governance appears to be relatively strong, with all members being independent, which is a positive sign for oversight. However, the organization's high liabilities to assets ratio of 171.60% raises red flags regarding its financial stability. Moreover, it is important to note that the nonprofit has failed to post key documents, such as its tax form, on its website, which further impacts transparency.

In summary, while Winwood Apartments Inc demonstrates effectiveness in program spending and has a fully independent board, the absence of critical governance policies and concerning financial ratios suggest a need for enhanced oversight and transparency to improve its overall rating and public trust.

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

Winwood Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winwood 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: $83,258

For more financial information, click here

Official website here: www.cmsschicago.org