Oak House Inc A Non-Profit Housing Corporation

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

Oak House Inc has received a Three-Star rating from Charity Navigator, indicating a relatively strong performance in terms of accountability and finance. The charity's score is primarily driven by its solid financial ratios, including a low liabilities to assets ratio of 39.28% and a high program expense ratio of 79.59%, which suggests effective allocation of resources towards its mission. The organization is also noted for having a fully independent board, which is a positive indicator of governance.

However, there are some significant areas for improvement. Notably, Oak House Inc lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which have impacted its overall score. The absence of these policies may raise concerns regarding transparency and operational integrity.

Overall, while Oak House Inc demonstrates strengths in financial management and governance structure, the organization should address its policy deficiencies to enhance its accountability and build greater trust among stakeholders.

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

Oak House Inc A Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak House Inc A Non-Profit Housing Corporation 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: $63,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,243

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Official website here: www.oakhouseinc.com