Wellsboro Shared Homes Inc

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

Wellsboro Shared Homes Inc has received a Two-Star rating from Charity Navigator, reflecting a 67% score overall. This rating indicates that while the organization has strengths in certain areas, such as having a majority of independent board members and a strong program expense ratio of 82.99%, it falls short in key aspects of financial transparency and accountability. The organization has a solid liabilities to assets ratio of 0.77%, suggesting a manageable debt level.

Despite its strengths, the nonprofit has significant weaknesses that affect its overall rating. Notably, it lacks critical policies and documentation, such as a conflict of interest policy, whistleblower policy, and a document retention policy, all of which are essential for good governance. Additionally, the organization has not made its financial statements and tax forms available on its website, which limits transparency for potential donors and stakeholders.

Overall, while Wellsboro Shared Homes Inc demonstrates a commitment to its mission through its program spending, the absence of key governance practices and financial documentation suggests that there is room for improvement in accountability and transparency. Addressing these limitations could enhance its rating and build greater trust with supporters.

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

Wellsboro Shared Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellsboro Shared 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: $88,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $253,002

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