Good Neighbors Housing Inc

Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating. This rating reflects the organization’s performance in terms of accountability and finance, indicating that while some governance standards are met, there are significant areas for improvement. The two-star rating suggests that Good Neighbors Housing Inc may not be fully meeting the expectations set for effective management and transparency.

The organization exhibits strong governance practices, with 100% of its board members being independent and a solid financial oversight committee in place. Additionally, there are no noted material diversions of assets, which speaks to their financial integrity. However, the lack of a whistleblower policy and missing documentation related to record retention and the posting of tax forms on their website raise concerns about their transparency and accountability.

Financially, while the program expense ratio is commendable at nearly 69%, the liabilities to assets ratio is concerning at 183.19%. This indicates potential financial instability, which could affect the organization’s sustainability and ability to fulfill its mission effectively. Overall, while Good Neighbors Housing Inc demonstrates certain strengths, it faces significant challenges that could impact its long-term viability and public trust.

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

Good Neighbors Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Neighbors 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: $58,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,060

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Official website here: www.faithmanor.com