Gideon Pond Housing Corporation

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Gideon Pond Housing Corporation has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. With an overall score of 62%, the nonprofit faces challenges particularly with its board governance, as there are no independent members on its board, which raises concerns about accountability.

On a positive note, the organization demonstrates strong practices in financial oversight, scoring full points in areas such as the audit and oversight committee and having policies for conflict of interest, whistleblowing, and document retention. This suggests a level of commitment to transparency and ethical governance, despite the governance structure needing enhancement.

However, the financial health of the organization is a point of concern, reflected in its high liabilities to assets ratio of 81.98%. Additionally, while the program expense ratio is relatively strong at 66.45%, the absence of the tax form on the nonprofit's website is a notable limitation, highlighting areas where the organization can improve its public accountability and trustworthiness.

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

Gideon Pond Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gideon Pond 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: $134,699

For more financial information, click here

Official website here: www.preshomes.org