Korean Community Senior Housing Corporation Of Maryland

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)

The Korean Community Senior Housing Corporation of Maryland has received a Two-Star rating from Charity Navigator, indicating that the organization is performing below expectations with an overall score of 69%. While the nonprofit excels in areas such as having a fully independent board and strong program expense ratio, it faces significant challenges related to its accountability and financial transparency.

Strengths include a 100% independent board, which suggests robust governance, and a high program expense ratio of nearly 94%, indicating that most of its budget is directed toward its mission. However, the organization has multiple shortcomings, including the absence of critical policies like conflict of interest and whistleblower protections, along with a lack of transparency regarding its financial documents on the website.

The liabilities to assets ratio is a concern at 81.20%, suggesting potential financial instability. Overall, while the organization shows promise in its mission-related spending and governance structure, it must address its accountability issues to improve its standing and ensure better trust and transparency with its stakeholders.

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

Korean Community Senior Housing Corporation Of Maryland is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean Community Senior Housing Corporation Of Maryland 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: $167,828

For more financial information, click here

Official website here: www.ugkcshc.com