Michigan Affordable Senior Housing Corp

Charity Navigator Rating: 71% (Two-Star out of Four Star rating)

Michigan Affordable Senior Housing Corp has received a Two-Star rating from Charity Navigator, indicating that while the organization shows some positive attributes, it also has critical areas for improvement. The accountability and finance score reflects a need for better transparency and governance, particularly in board independence and the availability of essential documents on its website.

The organization scores well in financial management, with a program expense ratio of 85.56%, suggesting that a significant portion of its expenses is directed toward its programs. Additionally, it has no material diversions of assets, indicating sound financial practices in that regard. However, the governance structure shows weaknesses, as only 33% of its board members are independent, which could limit oversight.

There are several gaps in policies and documentation, such as the missing whistleblower policy and conflict of interest policy documentation. Furthermore, the absence of the organization’s website link on tax forms and other essential documents may hinder transparency. These areas should be addressed to improve overall accountability and donor trust.

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

Michigan Affordable Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Affordable Senior Housing Corp 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: $49,310
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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