Samaritan Homes Inc

Charity Navigator Rating: Needs Improvement

Samaritan Homes Inc has received a two-star rating from Charity Navigator, indicating that the organization has areas requiring significant improvement. With an overall score of 66%, the nonprofit shows a strong commitment to its program expense ratio, which stands at nearly 90%. This suggests that a large portion of their financial resources is directed towards their programs, which is a positive aspect of their operations.

However, some notable weaknesses have been identified in their governance structure and financial transparency. The organization lacks independent board members, scoring a zero in that category, and it did not provide adequate financial statements on its website, which affected its score in that area. The absence of independent oversight may raise concerns about accountability within the organization.

Despite these limitations, Samaritan Homes Inc demonstrates adherence to policies such as conflict of interest and whistleblower protections. Their liabilities to assets ratio is also healthy, indicating that they manage their financial obligations well. Improvements in board independence and financial transparency could enhance their rating and overall effectiveness as a nonprofit.

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

Samaritan Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samaritan 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,424,722

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Official website here: www.samaritanhomesinc.com