St Marys Elderly Housing Corporation Inc

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

St Marys Elderly Housing Corporation Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored well across multiple categories, achieving a perfect score for having an entirely independent board and demonstrating strong oversight practices. This indicates that the organization operates transparently and is committed to maintaining high standards of accountability.

The majority of the organization's funding is directed toward its programs, with an impressive program expense ratio of 94.27%. This suggests that most of the resources are utilized effectively to fulfill its mission, which is crucial for nonprofits dedicated to serving vulnerable populations such as the elderly. Additionally, the presence of a conflict of interest policy and documented board meeting minutes further reinforces the organization’s commitment to ethical governance.

However, the organization received lower marks in the liabilities to assets ratio, indicating some level of financial risk that may need attention. While the overall financial health appears stable, potential donors and stakeholders might want to consider this aspect when evaluating the organization's long-term sustainability.

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

St Marys Elderly Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Marys Elderly 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: $325,402

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