Ely Senior Housing Development Corp C/O Chuck Murray

Charity Navigator Rating: 1 Star (58%)

Ely Senior Housing Development Corp has received a low rating of 58%, resulting in a one-star designation. This score is primarily determined by its Accountability & Finance metrics, where the organization appears to excel in areas such as having a completely independent board and a strong program expense ratio. However, the overall score reflects significant weaknesses, particularly in governance and transparency.

While the organization meets several accountability standards, it has failed to implement key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions have contributed to its low Accountability & Finance score, particularly regarding governance practices that promote ethical oversight. Additionally, the high liabilities to assets ratio indicates potential financial concerns that may need addressing.

Overall, while Ely Senior Housing Development Corp demonstrates strengths in its board independence and program expense management, the lack of essential policies and its financial liabilities raise concerns about its operational transparency and long-term sustainability. Prospective donors and stakeholders should consider these factors carefully.

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

Ely Senior Housing Development Corp C/O Chuck Murray is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ely Senior Housing Development Corp C/O Chuck Murray 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: $9,024

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