Homes Of Care I Inc

Charity Navigator Rating: 44% (Zero-Star out of Four Star Rating)

Homes Of Care I Inc has received a low rating of 44%, indicating significant concerns regarding its accountability and financial practices. The organization lacks an independent board, which is crucial for governance and oversight, as evidenced by scoring 0 out of 10 points in this area. Several critical policies, including conflict of interest and whistleblower protections, are not in place, reflecting potential vulnerabilities in operational integrity.

On a positive note, the organization demonstrated a high program expense ratio of 94.98%, suggesting that a substantial portion of its expenditures is directed towards its charitable programs. Additionally, they scored well for maintaining board meeting minutes and have successfully avoided material diversion of assets, which are positive indicators of their commitment to programmatic integrity.

However, the absence of transparency is concerning; the charity does not have its tax form posted on its website, and it failed to meet standards for various governance policies. The liabilities to assets ratio is also notable at 62.42%, which may raise concerns about financial stability. Overall, while Homes Of Care I Inc shows some strengths in program spending, significant governance and transparency issues need to be addressed.

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

Homes Of Care I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes Of Care I 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: $3,657

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