Silver Lake Housing Inc

Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating

Silver Lake Housing Inc has received a Two-Star rating from Charity Navigator, which indicates a need for improvement in areas related to accountability and transparency. The organization shows strengths in having a fully independent board and a solid financial oversight committee, but it struggles with several missing policies and disclosures that are essential for maintaining trust and accountability in its operations.

Despite a high program expense ratio of 91.48%, demonstrating a strong commitment to directing funds towards its mission, the organization has been noted for a concerning liabilities to assets ratio of 136.85%. This could suggest financial vulnerabilities that might affect its long-term sustainability. Additionally, the absence of critical policies such as conflict of interest and whistleblower protections raises questions about governance practices.

Overall, while Silver Lake Housing Inc exhibits strengths in certain areas of financial management and board governance, the lack of transparency due to missing documents and policies may hinder its effectiveness and public trust. The organization would benefit from addressing these limitations to enhance its operational integrity and overall rating.

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

Silver Lake Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silver Lake 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: $168,128

For more financial information, click here