Skagit Council Housing

Charity Navigator Rating: 79%, Three-Star out of Four Star rating.

Skagit Council Housing has received a commendable score of 79%, indicating a solid level of accountability and finance management. This rating is derived entirely from the Accountability & Finance beacon, which highlights that the organization is transparent and well-governed. With a fully independent board and robust financial oversight, including an independent audit, the organization demonstrates adherence to best practices in nonprofit governance.

Strengths include a high performance in areas such as board independence, financial statement audits, and the absence of material asset diversion. Furthermore, they maintain comprehensive policies that address conflicts of interest, whistleblowing, and document retention, contributing to their accountability. Their program expense ratio suggests a healthy allocation of resources towards their mission, with nearly 80% of expenses directed towards programs.

However, a notable limitation is the high liabilities to assets ratio at 132.47%, which may indicate financial risk or leverage concerns. This could impact the organization’s long-term sustainability and operational flexibility. Overall, while Skagit Council Housing shows strong governance and accountability, stakeholders should be aware of the financial liabilities relative to its assets.

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

Skagit Council Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skagit Council Housing 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: $69,190

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