Old Town Voa Affordable Housing Inc

Charity Navigator Rating: 68% (Two-Star out of Four Stars)

Old Town Voa Affordable Housing Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 68%. This rating is primarily based on the organization's accountability and finance metrics. The score indicates a moderate level of financial health and transparency, which may influence potential donors' decision-making.

The organization demonstrates some strengths, including a majority of independent board members and a high program expense ratio of 83.75%, suggesting effective allocation of funds to its mission. Additionally, it has implemented strong financial oversight with an audit committee and maintains a conflict of interest policy. These factors contribute positively to the overall evaluation of the nonprofit's governance.

However, there are notable limitations that impact the rating. The board's size has a lack of independent members, which may raise concerns about governance practices. Furthermore, the organization’s website is missing from the tax form, which could hinder transparency. The high liabilities to assets ratio of 98.11% also signals potential financial risk, suggesting that the organization may face challenges in sustaining its operations in the long term.

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

Old Town Voa Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Town Voa Affordable 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: $0

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