Pikeville Affordable Housing Corporation Inc

Charity Navigator Rating: One-Star out of Four Stars (50%)

Pikeville Affordable Housing Corporation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity's overall score of 50% suggests that there are serious deficiencies in its governance structure, particularly with no independent board members, which raises questions about oversight and decision-making processes.

Despite the challenges noted, the organization has achieved a perfect score in program expense ratio, indicating that 100% of its expenses are dedicated to its programs. This suggests a strong commitment to its mission of providing affordable housing. However, the lack of essential policies, such as a conflict of interest and whistleblower policy, alongside the absence of documented board meeting minutes, highlights critical governance issues that could impact its long-term sustainability and credibility.

In summary, while Pikeville Affordable Housing Corporation demonstrates a commitment to its core mission through its financial allocation, the severe shortcomings in governance and transparency pose significant risks. Stakeholders should consider these factors when engaging with or supporting the organization.

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

Pikeville Affordable Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pikeville Affordable Housing Corporation 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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