Newark Resident Homes Inc

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that Newark Resident Homes Inc demonstrates a satisfactory level of accountability and finance management but has room for improvement in certain governance areas. The organization scored particularly well in aspects such as board independence and program expense ratio, reflecting a commitment to directing resources towards its mission.

Strengths of Newark Resident Homes Inc include its fully independent board and the absence of any material diversion of assets, ensuring that the organization is being run by individuals who are not conflicted. Additionally, the high program expense ratio suggests that a significant portion of funding is allocated directly to programs rather than administrative costs, which is a positive indicator for donors.

However, the organization faces notable limitations, particularly in its governance policies. The absence of a whistleblower policy and a document retention policy, along with missing tax forms on its website, raises concerns about transparency and adherence to best practices. These issues highlight areas where the organization can enhance its operational integrity and build greater trust with stakeholders.

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

Newark Resident Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Resident 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: $69,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.none