Bestself Properties Inc

Charity Navigator Rating: 67% (Two-Star out of Four Stars)

Bestself Properties Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial health. While the organization excels in areas such as having a fully independent board and demonstrating strong oversight with an audit committee, it faces challenges reflected in its liabilities to assets ratio, which is notably high at 104.03%. This suggests potential financial instability, which could impact its long-term sustainability.

On a positive note, the organization maintains a solid program expense ratio of 100%, indicating that all its expenses are directed towards its programs, which highlights its commitment to its mission. Additionally, it has been diligent in documenting board meeting minutes and does not have any issues regarding the diversion of assets. These strengths point to a level of accountability and transparency that is commendable.

However, the compensation for key personnel raises questions, with the President/CEO earning a substantial salary of $389,372 and the CFO earning $315,966. This significant expenditure on salaries, especially in relation to the organization's financial challenges, may warrant scrutiny from potential donors and stakeholders concerned about the effective use of resources.

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

Bestself Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bestself Properties 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

For more financial information, click here