Laniado Development Fund Inc

Charity Navigator Rating: Needs Improvement. The Laniado Development Fund Inc has received a Two-Star out of Four Star rating with an overall score of 69%. This indicates that while the organization demonstrates solid program expense efficiency with 75.08% of its expenses directed towards its mission, it has significant room for improvement in terms of governance and accountability practices.

One of the strengths of the organization is its fully independent board, achieving perfect scores in board size and the absence of material diversion of assets. However, the organization lacks essential governance policies, including conflict of interest, whistleblower, and document retention policies, which have contributed to its lower rating. This absence raises concerns about oversight and ethical management practices.

While Laniado Development Fund Inc performs well in certain financial metrics, the lack of key accountability measures suggests that potential donors and stakeholders should approach with caution. The organization would benefit from implementing necessary policies to enhance its governance framework and improve its overall rating on Charity Navigator.

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

Laniado Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laniado Development Fund 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: $174,370

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Official website here: www.laniadofund.org