Greenwood Home

Charity Navigator Rating: Needs Improvement

Overall, Greenwood Home has received a Two-Star out of Four Star rating with a score of 73%. This rating indicates that the organization demonstrates a moderate level of accountability and financial health but has areas that require significant improvement. The presence of an independent board and a strong financial audit reflects positively on its governance.

Strengths of Greenwood Home include an impressive program expense ratio of 89.87%, meaning a large portion of its expenditures directly supports its programs. Additionally, the organization has no reported material diversion of assets and maintains thorough documentation for board meetings. However, the absence of critical policies, such as a conflict of interest and whistleblower policy, raises concerns about governance practices.

On the financial front, Greenwood Home's liabilities to assets ratio of 74.76% is a concerning indicator, suggesting a potentially unstable financial position. Furthermore, the nonprofit has not provided key documents, such as its tax form on its website, which detracts from transparency efforts. Overall, while Greenwood Home operates effectively in some areas, it must address its governance and financial strategy to enhance its credibility and operational efficacy.

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

Greenwood Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenwood Home 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: $1,076,805

For more financial information, click here

Official website here: www.greenwoodhome.org