West Louisville Housing Corporation

Charity Navigator Rating: 71%, Two-Star out of Four Star Rating.

The West Louisville Housing Corporation has received a two-star rating, indicating some areas of concern within its accountability and finance practices. The organization demonstrates a strong commitment to independent governance, with a fully independent board and effective financial oversight. It excels in program expenses, allocating 86.84% of its budget directly to its mission, suggesting a focus on impactful initiatives within the community.

However, the nonprofit faces significant limitations, particularly in transparency and compliance with best practices. It lacks essential policies such as a conflict of interest policy and a whistleblower policy, both of which are important for maintaining accountability. Additionally, the corporation's high liabilities to assets ratio of 227.08% raises concerns about financial stability and sustainability, potentially affecting its long-term operations.

Overall, while the West Louisville Housing Corporation shows strengths in certain governance aspects and program execution, its financial health and adherence to transparency standards require improvement to ensure it can effectively serve its community in the future.

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

West Louisville Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Louisville Housing 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: $87,682

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