Phmnew Richmond Senior Housing Inc

Charity Navigator Rating: 66% (Two-Star out of Four Star Rating)

Phmnew Richmond Senior Housing Inc has received a Two-Star rating from Charity Navigator, indicating concerns primarily in the area of Accountability and Finance. The charity has a notably high program expense ratio of nearly 90%, suggesting a strong emphasis on funding its programs. However, the organization lacks independent board members and has a concerning liabilities to assets ratio of over 141%, raising questions about its financial stability.

While Phmnew Richmond Senior Housing shows compliance with several governance practices, such as having a conflict of interest policy and a whistleblower policy, its shortcomings in board independence and the absence of a publicly accessible tax form may necessitate improvement in governance practices. The organization appears focused on maintaining programmatic expenditures, but the sustainability of its financial practices may warrant further scrutiny.

Not Available.

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

Phmnew Richmond Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phmnew Richmond Senior Housing 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: $4,850,076

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Official website here: www.preshomes.org