Three Arts Club Housing Development Fund Company Inc

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 62%)

Three Arts Club Housing Development Fund Company Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its operations and financial management. The overall score of 62% highlights specific areas of concern, particularly regarding the composition of its board, which has only 33% independent members, scoring zero points for independent board size and majority. Although the organization has no material diversion of assets and demonstrates strong transparency with various policies in place, these governance issues significantly impact its accountability score.

On a positive note, the organization excels in its program expense ratio, with an impressive 99.93%, indicating that nearly all its expenses are directed toward its programs. It also maintains a conflict of interest policy, whistleblower policy, and proper document retention, which contribute positively to its governance practices. However, the lack of independent oversight and a significant liabilities to assets ratio of 129.90% raises concerns about its financial stability and governance structure.

While the organization does demonstrate responsible expense practices, the shortcomings in board independence and financial liabilities signal a need for improvement. Stakeholders may want to consider these factors when engaging with the organization or assessing its long-term viability. Overall, enhancing board independence could play a crucial role in boosting the organization's accountability and reliability.

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

Three Arts Club Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Arts Club Housing Development Fund Company 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: $51,142

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Official website here: www.wsfssh.org