Cornerstone Recovering Community

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

Cornerstone Recovering Community has received a low rating of 52% from Charity Navigator, indicating significant areas for improvement in accountability and financial transparency. While the organization boasts a fully independent board and satisfactory program expense ratio, it lacks essential financial documents and policies, resulting in a considerable deduction in its score.

The charity does well in governance aspects, with 100% of its board members being independent and regular documentation of board meeting minutes. However, critical missing components such as financial statements, a conflict of interest policy, and other operational guidelines raise concerns about its overall management and transparency.

Additionally, the organization has a high liabilities to assets ratio, suggesting potential financial instability. Although its program expense ratio indicates a strong focus on program services, the absence of required documentation may hinder future growth and trust from potential donors. Overall, while the charity demonstrates some positive governance practices, substantial improvements are necessary for better financial accountability and credibility.

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

Cornerstone Recovering Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Recovering Community 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: $332,197
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,659

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