Gateway Demonstration Assistance Corporation

Charity Navigator Rating: 83% (Three-Star out of Four Star rating)

Gateway Demonstration Assistance Corporation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 83% based on its Accountability & Finance. The organization excels in various areas, including having a completely independent board, with all ten members free from conflicts of interest, contributing to its strong governance. The lack of material diversion of assets and a favorable liabilities-to-assets ratio also highlight the organization's financial health.

Strengths include a well-structured accountability framework, with comprehensive policies on conflict of interest and clear documentation of board meeting minutes. Furthermore, the charity has a high program expense ratio of 71.34%, indicating that a significant portion of its expenditures is directed towards its programs rather than administrative costs, which is a positive sign for potential donors.

However, there are some areas where the organization could improve. Notably, it is missing key policies such as a whistleblower policy and a document retention and destruction policy, which could enhance its transparency and accountability further. While the charity demonstrates solid financial practices, addressing these limitations could help strengthen its overall governance and public trust.

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

Gateway Demonstration Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Demonstration Assistance Corporation submitted a form 990EZ, 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.

Official website here: www.gatewayhousing.nyc