Homes Anew Ii Ltd

Charity Navigator Rating: 54% (One-Star out of Four Stars)

Homes Anew II Ltd has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The overall score of 54% reflects strong governance structures, such as having 100% independent board members and policies for conflict of interest and whistleblower protections. However, the charity's performance in managing its financial resources is lacking, particularly in its program expense ratio, which stands at only 28.53%.

While the organization demonstrates solid compliance with governance best practices, with a fully independent board and well-documented policies, the low program expense ratio suggests that a relatively small portion of its expenditures is directed towards its mission-related activities. The liabilities to assets ratio of 0.38% also raises red flags, indicating potential financial instability or inefficiency in asset management.

Overall, while Homes Anew II Ltd showcases good governance and accountability features, the low ratings in financial performance highlight a critical area for improvement. Stakeholders may want to consider these factors when assessing the charity's effectiveness and sustainability in fulfilling its mission.

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

Homes Anew Ii Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes Anew Ii Ltd 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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