Stoney Creek Housing Corporation

Charity Navigator Rating: 82%, Three-Star out of Four Star rating.

Stoney Creek Housing Corporation has received a solid rating of 82%, indicating a generally favorable assessment of its accountability and financial health. The rating is based entirely on a single beacon score, reflecting a strong commitment to transparency and good governance practices, as evidenced by the perfect scores for its independent board composition, conflict of interest policy, and whistleblower policy.

The organization has shown a commendable program expense ratio of 70.78%, which suggests that a significant portion of its expenditures directly supports its mission. However, a concern arises with a liabilities to assets ratio of 127.80%, indicating that the organization's liabilities exceed its assets, which could pose financial challenges in the long term. Despite this, the absence of any material diversion of assets is a positive aspect of its financial management.

Overall, Stoney Creek Housing Corporation demonstrates strong governance and commitment to its mission but may need to address its financial liabilities to ensure sustainable operations moving forward.

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

Stoney Creek Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stoney Creek 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.none