The Memorial Apartments Corporation

Charity Navigator Rating: 82%

The Memorial Apartments Corporation has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in Accountability & Finance with a score of 82%. This rating indicates that the organization maintains a reliable financial structure, emphasizing transparency and responsible management of funds.

Key strengths of the organization include its independent governance, with a board composed entirely of independent members. The charity also demonstrates strong oversight practices, receiving full points in areas such as its audit and oversight committee, as well as maintaining proper documentation of board meeting minutes. Additionally, the program expense ratio is notably high at 94.46%, suggesting that a significant portion of its budget is directed toward its programs.

While the organization shows strong financial health and accountability, the summary does not provide insights into other areas such as program effectiveness or community impact. Therefore, while it excels in financial governance, further evaluation may be necessary to assess the overall effectiveness and reach of its services.

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

The Memorial Apartments Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Memorial Apartments 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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