Hope And New Life Healthcare Inc

Charity Navigator Rating: One-Star out of Four Stars (53%)

Hope And New Life Healthcare Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 53%, the organization lacks independent board members, which raises questions about governance and oversight. While it has shown strong performance in its program expense ratio, allocating 95.69% of its expenses towards programs, there are notable shortcomings in governance policies.

The charity does not have a conflict of interest policy, whistleblower policy, or a document retention policy in place, each of which is critical for ensuring ethical and transparent operations. Additionally, board meeting minutes are not documented, which further limits transparency and accountability. The absence of independent board members is particularly concerning as it can hinder effective oversight.

On a positive note, the charity has not reported any material diversion of assets and maintains a solid liabilities to assets ratio of 0.00%. While these financial indicators suggest stability, the lack of essential governance practices and the absence of independent oversight could pose risks to the organization's long-term effectiveness and credibility.

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

Hope And New Life Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope And New Life Healthcare 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: $0

For more financial information, click here

Official website here: www.hopennewlifehealthcare.org