South Pointe Housing Inc

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

South Pointe Housing Inc has received a low rating of 58%, indicating that there are significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and has demonstrated no material diversion of assets, it has failed to meet several critical transparency standards.

Strengths include a high program expense ratio, showing that 91.23% of its expenses go directly to programs, which is quite favorable. However, the organization falls short in important areas such as missing a conflict of interest policy, whistleblower policy, and proper documentation of its financial practices and board activities. These deficiencies reflect a lack of transparency and governance that could undermine stakeholder trust.

Additionally, the organization's liabilities to assets ratio is notably high at 204.25%, raising concerns about its financial stability. The lack of a website link on its tax form and the absence of posted tax documents further detracts from its accountability measures. Overall, while South Pointe Housing Inc shows promise in program expenditure, its governance and financial transparency require significant improvement.

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

South Pointe Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Pointe 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: $34,684

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