Korean American Community Housing Services Inc

Charity Navigator Rating: 47% (Zero-Star out of Four Star rating)

Korean American Community Housing Services Inc has received a low rating of 47% from Charity Navigator, primarily due to significant issues in accountability and financial transparency. While the organization has a fully independent board and a robust audit and oversight committee, it has been criticized for missing essential policies and documentation, such as a conflict of interest policy and a whistleblower policy, which are vital for organizational governance.

The organization's financial health is concerning, exemplified by a liabilities-to-assets ratio of 157.51%, indicating potential financial instability. Additionally, it has a program expense ratio of only 50.75%, suggesting that less than half of its expenditures are directed toward its mission-related programs. This raises questions about the effectiveness and efficiency of its operations.

On the positive side, the nonprofit does have solid independent governance structures in place, including a majority of independent board members and good documentation practices for board meeting minutes. However, the lack of key policy documentation and financial ratios that reflect distress suggest that potential donors should exercise caution and seek more information before contributing.

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

Korean American Community Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Community Housing Services 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: $130,049

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