Franciscan Apartments Inc

Charity Navigator Rating: One-Star out of Four Stars (58%)

Franciscan Apartments Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The overall score is primarily based on a low Accountability & Finance score of 58%. While the organization has a fully independent board with no material diversion of assets, it lacks essential policies and transparency measures that contribute to its low rating.

Strengths of the organization include a 100% independent board and a strong program expense ratio of 85.61%, suggesting that a significant portion of its expenses are directed toward its programs. However, several critical issues are noted, such as the absence of a conflict of interest policy, whistleblower policy, and document retention policy, all contributing to its overall low accountability score. Additionally, the nonprofit's website is not linked in its tax forms, raising concerns about its accessibility and transparency.

Overall, while Franciscan Apartments Inc demonstrates strong governance through its independent board and effective program expenditure, the lack of basic operational policies and transparency raises questions about its accountability. Prospective donors and stakeholders may want to consider these factors when evaluating their support for the organization.

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

Franciscan Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franciscan Apartments 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: $8,179

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