1010 Senior Housing Corporation

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

1010 Senior Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and finance management. The overall score is based entirely on its Accountability & Finance score, which stands at 79%. This rating reflects the organization’s strong governance practices and financial oversight, including a fully independent board and well-documented policies regarding conflict of interest and whistleblower protections.

The nonprofit demonstrates an impressive program expense ratio of 91.88%, showing that the majority of its funds are directed towards its programs. Other strengths include the absence of material asset diversions and robust audit and oversight processes, scoring full points in these areas. The organization also maintains comprehensive documentation practices, as evidenced by the clear recording of board meeting minutes.

However, a significant concern arises from its liabilities to assets ratio, which is notably high at 416.98%. This could indicate potential financial risks or challenges regarding asset management. While the organization excels in many governance aspects, the high liability ratio may warrant further examination by stakeholders and potential donors.

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

1010 Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1010 Senior Housing Corporation 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: $127,683

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