Clear Water Homes Inc

Charity Navigator Rating: 52% (One-Star out of Four Stars)

Clear Water Homes Inc has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. Notably, the organization lacks independent board members and has not provided essential financial statements, which raises questions about transparency and governance. Furthermore, several key policies related to conflict of interest, whistleblower protection, and document retention are absent, suggesting potential risks in organizational oversight.

Despite these weaknesses, Clear Water Homes Inc demonstrates a solid commitment to program spending, with a high program expense ratio of 78.09%. This suggests that a considerable portion of their resources is directed towards their mission-related activities. Additionally, the organization's liabilities to assets ratio is favorable, indicating a reasonable balance between their debts and available assets.

However, the significant issues in accountability, the absence of required policies, and the lack of independent oversight reflect serious governance deficiencies. Prospective donors and stakeholders may want to consider these factors before engaging with or supporting Clear Water Homes Inc.

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

Clear Water Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clear Water Homes 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: $130,285
Professional Fundraising Fees: $0
Other Salaries and Wages: $849,895

For more financial information, click here