Park Place Of Hampton Corporation

Charity Navigator Rating: Needs Improvement

Park Place Of Hampton Corporation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 65%. While the organization demonstrates strong accountability in areas such as board independence and conflict of interest policies, it lacks critical components like a whistleblower policy and document retention practices, which impacts its overall assessment.

One of the strengths of the organization is its perfect score in program expense ratio, indicating that all its expenses are dedicated to its programs. Additionally, the organization has no material diversion of assets, reflecting good financial integrity. The board composition is commendable, with all members being independent, which fosters accountability.

Conversely, the significant liabilities to assets ratio of 190.97% is concerning and suggests financial instability. Improvements in governance policies, particularly in establishing a whistleblower policy and document retention protocols, are necessary for enhancing transparency and trust. Overall, while there are solid aspects of the organization, addressing these weaknesses is essential for its growth and credibility.

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

Park Place Of Hampton Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Place Of Hampton 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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