Home Ownership Made Easy

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Home Ownership Made Easy has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is primarily based on the organization’s Accountability & Finance score, indicating that the charity maintains a strong commitment to financial transparency and governance. The organization boasts a fully independent board and has established various policies that reinforce its accountability.

Strengths of Home Ownership Made Easy include its high scores in board independence, financial oversight, and program expense ratio, which stands at 83.01%. These factors suggest that the organization is effectively managing its resources to fulfill its mission. Additionally, it has implemented several governance practices, such as conflict of interest and whistleblower policies, contributing to its sound operational structure.

However, there are some limitations noted in the financial assessment, particularly regarding its liabilities to assets ratio, which scored 0 out of 15 points. This could indicate potential financial risks that may need to be addressed. Overall, while the charity demonstrates strong accountability and finance practices, the low score in liabilities may warrant further scrutiny by potential donors.

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

Home Ownership Made Easy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Ownership Made Easy 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: $295,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.homeopeningdoors.org