The Way Homes Inc

Rating from Charity Navigator: 58%, One-Star out of Four Star rating.

The Way Homes Inc has received a low rating of 58% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization excels in areas such as having an independent board and a strong program expense ratio, its overall financial health is troubling due to a high liabilities-to-assets ratio, which raises red flags about its sustainability.

The charity has a robust program expense ratio of 82.31%, suggesting that a substantial portion of its budget is directed towards its programs rather than administrative costs. This is a positive aspect that reflects its commitment to fulfilling its mission. However, the absence of critical policies like a conflict of interest policy, whistleblower policy, and document retention protocols points to potential governance weaknesses that could impact its operations and transparency.

In summary, while The Way Homes Inc shows promise in its program management, the lack of essential governance policies and the concerning financial ratio highlight areas that need significant improvement. Stakeholders may want to consider these factors when assessing the charity's overall effectiveness and reliability.

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

The Way Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Way 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: $24,545
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,909

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