Phase Housing Corporation Inc

Charity Navigator Rating: Needs Improvement (71%)

Phase Housing Corporation Inc has received a two-star rating, indicating that while the organization demonstrates some strengths, there are significant areas requiring improvement. The accountability and finance score stands at 71%, reflecting a commendable commitment to financial stability, evidenced by a low liabilities to assets ratio of 1.48%. Furthermore, the organization has a strong governance structure, with 100% independent board members and appropriate documentation of board meeting minutes.

However, notable deficiencies in transparency exist, as the organization has not made its financial statements or tax forms available on its website, resulting in a score of zero in these areas. Additionally, there are important policies missing, such as a whistleblower policy and a document retention policy, which contribute to the overall need for improvement in governance practices. While the program expense ratio of 89.26% shows a strong focus on programmatic spending, the absence of crucial documents and policies may hinder trust among stakeholders.

In summary, Phase Housing Corporation Inc shows potential through its strong program spending and independent governance, but it must address its transparency and compliance issues to improve its overall rating and stakeholder confidence.

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

Phase Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phase Housing Corporation 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: $149,509

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