Presbyterian Homes Of Bloomington Inc

Charity Navigator Rating: Needs Improvement (66%)

Presbyterian Homes Of Bloomington Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain organizational practices. While the organization has a high program expense ratio of 82.65%, demonstrating a commitment to its mission, it struggles with accountability and finance, particularly due to the complete lack of independent board members, which raises concerns about governance and oversight.

In terms of financial management, the organization has a high liabilities to assets ratio at 129.37%, which could signal financial instability. However, it has strong scores in areas such as audit oversight and policy disclosures, including conflict of interest and whistleblower policies. The absence of its tax form on the nonprofit's website is a noted limitation, which may affect transparency for potential donors and stakeholders.

Overall, while Presbyterian Homes Of Bloomington Inc shows strengths in program expenses and policy adherence, it requires significant improvements in governance and financial health to ensure long-term sustainability and trustworthiness in its operations.

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

Presbyterian Homes Of Bloomington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Homes Of Bloomington 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: $159,360

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Official website here: www.preshomes.org