Bay Home Inc

Charity Navigator Rating: Needs Improvement

Overall, Bay Home Inc has received a two-star rating with a score of 67%. This indicates that while the organization demonstrates some strengths, there are significant areas that require improvement, particularly in transparency and accountability.

One of the notable strengths of Bay Home Inc is its high program expense ratio of 79.68%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has a fully independent board, which reflects good governance in terms of decision-making and oversight. However, the lack of financial statements and several missing policies highlight weaknesses that undermine financial transparency and accountability.

Critical limitations include the absence of essential documents such as financial statements, conflict of interest policy, and a whistleblower policy, all of which are vital for fostering trust and integrity. Furthermore, the nonprofit's website is not listed on its tax form, which could hinder public access to important information. Addressing these gaps may significantly improve the organization's rating and public perception.

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

Bay Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Home 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: $78,235
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,374

For more financial information, click here