Lafayette Senior Housing Association Inc

Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while Lafayette Senior Housing Association Inc demonstrates strong performance in certain areas, there are significant weaknesses in its accountability and financial practices.

The organization has a commendable program expense ratio of 99.17%, indicating that nearly all its expenditures are directed towards its programs. Additionally, it boasts a fully independent board, which is a positive aspect for governance and oversight. However, significant concerns arise from its liabilities to assets ratio, which stands at 76.76%, suggesting potential financial instability.

Limitations noted include missing policies such as conflict of interest, whistleblower, and document retention, which are essential for transparency and accountability. Furthermore, the absence of the nonprofit's website on its tax form may pose accessibility challenges for stakeholders seeking information about the organization. Overall, while Lafayette Senior Housing Association Inc shows strengths in program spending and governance, it must address its financial ratios and policy gaps to improve its overall rating and trustworthiness.

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

Lafayette Senior Housing Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette Senior Housing Association 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: $271,820

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