Laplaya Apartments

Charity Navigator Rating: One-Star out of Four Stars (58%)

Laplaya Apartments has received a One-Star rating from Charity Navigator, reflecting an overall score of 58%. This rating is primarily based on the Accountability & Finance score, which indicates that the nonprofit excels in several areas, including maintaining a majority of independent board members and having a high program expense ratio of 91.29%. The organization demonstrates transparency by documenting board meeting minutes and has no reported material diversion of assets.

Despite these strengths, the organization faces significant challenges, particularly with its liabilities to assets ratio of 168.65%, which earned it no points in this category. This financial metric may raise concerns about the sustainability and financial health of the organization in the long run. Additionally, the compensation for key personnel appears to be relatively high, which could be viewed unfavorably in terms of resource allocation.

Overall, while Laplaya Apartments shows promise in governance and program spending, the financial ratios suggest a need for improved management of liabilities to enhance its long-term viability. The strength of the board and high program expenses indicate a commitment to mission-driven activities, yet the financial issues could impact future operations.

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

Laplaya Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laplaya Apartments 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: $16,027

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