Amherst Towne Senior Apartments Inc

Charity Navigator Rating: 79% (Three-Star out of Four Stars)

Amherst Towne Senior Apartments Inc has received a rating of 79%, which translates into a Three-Star designation, primarily reflecting their strong accountability and finance practices. Their score is based entirely on a single beacon score, indicating a focused approach to financial management and transparency. The nonprofit boasts an independent board with 100% of its members being independent, which enhances governance and oversight capabilities.

Strengths highlighted in their financial assessment include a high program expense ratio of 89.45%, demonstrating a commitment to directing funds towards their mission. Additionally, they have well-established policies such as conflict of interest and whistleblower protections in place, contributing to their overall accountability. The organization also maintains thorough documentation practices, ensuring transparency and accessibility of board meeting minutes.

However, a notable limitation is their liabilities to assets ratio at 140.90%, which may indicate potential financial risk or challenges in managing debts relative to their assets. While overall, Amherst Towne Senior Apartments shows a robust financial performance, this aspect requires attention to bolster their financial stability going forward.

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

Amherst Towne Senior Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amherst Towne Senior Apartments 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: $8,949

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