Sunshine Homes Inc

Charity Navigator Rating: 27%

Sunshine Homes Inc has received a low rating of 27%, resulting in a Zero-Star out of Four Stars designation. This score indicates significant concerns regarding the charity's accountability and financial practices. While the organization does have a majority of independent board members, critical areas such as financial statement transparency and the availability of key policies are notably lacking.

The charity has performed well in certain aspects, such as having no material diversion of assets and maintaining board meeting minutes. However, its financial performance raises alarms, with a program expense ratio of only 32.60%, which suggests that a small portion of its funds is directed towards its programs. Additionally, the absence of essential governance documents, including a conflict of interest policy and a whistleblower policy, further diminishes its accountability.

Overall, Sunshine Homes Inc faces significant challenges in achieving financial transparency and accountability. Stakeholders and potential donors should be cautious, given the glaring gaps in governance and financial reporting indicated by its low rating.

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

Sunshine Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunshine 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: $249,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $481,022

For more financial information, click here