Phsoakdale Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)

Phsoakdale Inc has received a rating of 66% from Charity Navigator, indicating that the organization is positioned as needing improvement. The two-star rating highlights concerns primarily related to governance and board independence. Notably, the organization lacks independent board members, which may affect its accountability and transparency.

Despite these governance issues, Phsoakdale Inc demonstrates strengths in its financial practices. The organization has scored well in areas such as its program expense ratio, which stands at 81.38%, showcasing a high commitment of resources towards its programs. Additionally, it has received full points for its audit and oversight committee, alongside a comprehensive conflict of interest policy and procedures for document retention.

However, limitations are evident in the financial health assessment, with a liabilities to assets ratio of 86.16%, which raises concerns about sustainability. Furthermore, the absence of the tax form on the nonprofit's website is another point of concern, potentially limiting public transparency. Overall, while Phsoakdale Inc has solid programmatic focus, its governance and financial management should be prioritized for improvement.

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

Phsoakdale Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phsoakdale 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: $175,104

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Official website here: www.preshomes.org