Foundation For Quality Housing Opportunities Inc

Charity Navigator Rating: 53%, One-Star out of Four Stars

Foundation For Quality Housing Opportunities Inc has received a low rating of 53%, categorized as a One-Star nonprofit. This rating reflects significant concerns regarding its accountability and financial practices. The organization has no independent board members and lacks vital policies such as conflict of interest, whistleblower, and document retention, all of which are crucial for transparency and governance.

Despite the weaknesses in governance and policy adherence, the organization demonstrates a strong commitment to its mission, as evidenced by its high program expense ratio of 78.66%. This indicates that a substantial portion of its expenditures goes directly to its programs rather than administrative costs. Additionally, the liabilities to assets ratio is low at 0.02%, suggesting that the organization is in a stable financial position.

However, the absence of an accessible website and required disclosures raises concerns about the organization's transparency. Overall, while the foundation shows strengths in program efficiency, its governance issues and lack of independent oversight are notable limitations that potential donors and stakeholders should consider.

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

Foundation For Quality Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Quality Housing Opportunities 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: $0

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