Phoenix Residential Investment Development Effort

Charity Navigator rating: 52%, One-Star out of Four Star rating.

Phoenix Residential Investment Development Effort has received a low rating due to significant deficiencies in its accountability and financial practices. While the organization has a fully independent board, which is a positive aspect, it lacks transparency in its financial reporting. Specifically, the absence of financial statements and key governance policies such as conflict of interest and whistleblower policies raises concerns about its operational integrity.

The charity does excel in its program expense ratio, indicating that a substantial portion of its resources is directed towards its programs rather than administrative costs. This is an encouraging sign for potential supporters looking for effective allocation of funds. However, the high liabilities to assets ratio suggests financial instability, which could affect the organization's long-term viability.

Overall, while the organization demonstrates a commitment to its mission through its program expenditure, the lack of essential governance documentation and financial transparency presents significant risks. Prospective donors and stakeholders should consider these factors carefully before engaging with the charity.

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

Phoenix Residential Investment Development Effort is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phoenix Residential Investment Development Effort 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: $0

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