Partnership In Housing Inc

Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. Partnership In Housing Inc has received a mixed evaluation concerning its accountability and financial practices. The organization has demonstrated strong governance with 100% of its board members being independent, and it has effective oversight measures in place, such as a solid audit and oversight committee. However, despite these strengths, the nonprofit has notable weaknesses, particularly in its financial management.

The program expense ratio stands at a commendable 82.43%, indicating a significant portion of its resources is directed towards its mission-driven activities. However, the liabilities to assets ratio is concerning at 124.13%, suggesting that the organization may be over-leveraged. This financial burden could hinder its operational stability and limit its future growth.

Additionally, while the organization has established conflict of interest and whistleblower policies, it is lacking in other critical areas, such as document retention policies and posting tax forms on its website. These gaps in governance may affect transparency and trust among stakeholders. Overall, while Partnership In Housing Inc shows potential through its independent governance and program funding, it faces challenges that need to be addressed for improved financial health and accountability.

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

Partnership In Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership In 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,982

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