Peninsula Housing Development Inc Ix

Charity Navigator Rating: 79%, Three-Star out of Four Star Rating

Peninsula Housing Development Inc Ix has achieved a Three-Star rating from Charity Navigator, indicating a solid performance, particularly in the area of Accountability and Finance, which comprises its entire score. The organization demonstrates strong governance practices, with 75% of its board members being independent and maintaining a robust financial oversight mechanism. Furthermore, it scores highly in areas such as the absence of material diversion of assets and the presence of key policies like conflict of interest and whistleblower protections.

The charity exhibits an impressive program expense ratio of 99.56%, suggesting that almost all of its expenditures are directed toward its programs, which is a positive indicator of operational efficiency. However, the organization faces challenges with its liabilities to assets ratio, which stands at 120.60%, reflecting potential financial concerns. This aspect may need attention to ensure long-term sustainability and fiscal health.

Overall, Peninsula Housing Development Inc Ix shows commendable accountability and a strong commitment to its mission, but stakeholders may want to monitor its financial leverage to ensure continued effectiveness and stability in its operations.

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

Peninsula Housing Development Inc Ix is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Ix 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: $74,183

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