Richardville Apartments Ii Inc

Charity Navigator Rating: 45%

Richardville Apartments II Inc has received a low score of 45%, resulting in a Zero-Star out of Four Star rating from Charity Navigator. This rating indicates significant concerns regarding the organization's accountability and financial practices. The lack of independent board members and missing key policies such as a whistleblower policy and document retention policy raise questions about governance and transparency.

Despite these issues, the organization has shown strength in its program expense ratio, with 76.45% of its expenses directed toward programs. This suggests that, while there may be deficiencies in governance, the organization is committed to its mission and effectively allocating funds towards its programs.

However, the overall rating reflects a need for improvement in governance practices and financial oversight. The absence of essential documentation and the high liability-to-assets ratio signal potential risks that could affect the organization's long-term sustainability and trustworthiness.

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

Richardville Apartments Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richardville Apartments Ii 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: $11,775

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