Mayfield Memorial Apartments Inc

Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)

Mayfield Memorial Apartments Inc has achieved a rating of "Needs Improvement" from Charity Navigator, with an overall score of 67%. The organization has demonstrated strong accountability and finance metrics, notably scoring 100% for having an independent board and receiving full points for its financial audit. Additionally, it maintains a high program expense ratio of 95.70%, indicating that a significant portion of its expenditures goes directly toward its programs.

However, the nonprofit faces notable challenges in its governance and transparency practices, as evidenced by its poor performance in several key areas. Specifically, it lacks essential policies such as a conflict of interest policy, whistleblower policy, and a document retention policy, all of which received zero points. Furthermore, the organization's liabilities to assets ratio is concerning at 176.48%, highlighting potential financial risks.

Overall, while Mayfield Memorial Apartments Inc shows strengths in its program spending and board independence, it needs to address its governance shortcomings and financial liabilities to improve its rating and operational efficacy.

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

Mayfield Memorial Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayfield Memorial 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: $0

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