Lee Central Enriched Housing Inc

Charity Navigator Rating: 58%, One-Star out of Four Star rating.

Lee Central Enriched Housing Inc has received a low rating of 58%, reflecting concerns primarily in the areas of accountability and finance. While the organization boasts a perfect score for its independent board members and has demonstrated good program expense ratio, it faces significant challenges with a high liabilities to assets ratio, which is alarmingly at 192.95%. This indicates potential financial instability and raises questions about its sustainability.

Despite some strengths, such as documenting board meeting minutes and having no material diversion of assets, several essential policies and practices are notably missing. The organization lacks a conflict of interest policy, a whistleblower policy, and has not posted its tax form on its website, which are all crucial for transparency and accountability. These shortcomings contribute to its overall low rating and may impact donor confidence.

In summary, while Lee Central Enriched Housing Inc excels in certain structural aspects, the financial risks and shortcomings in policy implementation highlight significant areas for improvement. Potential supporters should consider these factors when evaluating their engagement with the organization.

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

Lee Central Enriched Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee Central Enriched 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: $79,145

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