Peninsula Housing Development Inc Xi Sierra Lakes Apartments

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 64%)

Peninsula Housing Development Inc Xi Sierra Lakes Apartments has received a Two-Star rating, indicating that there are significant areas for improvement, particularly in Accountability & Finance, which scores 64%. The charity demonstrates strong governance with 100% independent board members and effective policies in place, such as conflict of interest and whistleblower policies. However, it lacks transparency in financial reporting, as no financial statements are available to the public.

While the organization efficiently utilizes its funds, as indicated by a high program expense ratio of 99.36%, concerns arise from its liabilities to assets ratio of 234.29%, suggesting potential financial instability. Furthermore, the absence of key documents, such as tax forms on their website, limits the charity's accountability to donors and stakeholders. Overall, while Peninsula Housing Development shows strong governance, it must enhance its financial transparency to improve its rating and trust among supporters.

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

Peninsula Housing Development Inc Xi Sierra Lakes Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Xi Sierra Lakes Apartments 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: $97,216

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