Desoto Towers Inc

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

Desoto Towers Inc received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. While the organization excels in accountability and finance, achieving a perfect score in that category, it struggles with transparency and governance practices. The organization has a strong independent board with a majority of members, and it documents board meeting minutes, demonstrating a commitment to oversight.

However, several significant weaknesses were noted in Desoto Towers Inc's operations. The organization has a high liabilities to assets ratio of 123.61%, which raises concerns about financial stability. Additionally, it lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are critical for maintaining governance standards and public trust.

While the program expense ratio is commendable at 97.09%, signifying that most expenditures go directly to its programs, the absence of required tax forms on its website further diminishes its transparency. These factors collectively highlight the need for Desoto Towers Inc to address its governance and transparency issues in order to improve its overall rating and effectiveness.

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

Desoto Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Desoto Towers 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: $61,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $237,865

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