Distinction Awarded for Fiscal Responsibility, Accountability & Transparency
IRVINE, Calif., January 9, 2019 (Newswire.com) - HomeAid America’s sound fiscal management practices and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America’s largest independent charity evaluator.
Since 2002, using objective, data-driven analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added 17 metrics, focused on governance and ethical practices as well as measures of openness, to its ratings methodology. These “Accountability & Transparency” metrics, which account for 50 percent of a charity’s overall rating, reveal which charities have “best practices” that minimize the chance of unethical activities and whether they freely share basic information about their organization with their donors and other stakeholders.
“HomeAid America’s coveted 4-star rating puts it in a very select group of high-performing charities,” according to Michael Thatcher, President & CEO of Charity Navigator. “Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars — a rating that demands rigor, responsibility and commitment to openness. HomeAid America’s supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating.”
“It’s important our donors trust that we’re using our funding wisely to accomplish our mission to provide housing and resources to Americans experiencing homelessness” said Peter Simons, CEO, HomeAid America. “Our 4-star Charity Navigator rating demonstrates to our supporters that we take our fiduciary and governance responsibilities very seriously.”
Four-star rating and other information about charitable giving are available free of charge on www.charitynavigator.org. More-detailed information about HomeAid America’s rating is available to Charity Navigator site visitors who become registered users, another free service.
About HomeAid America
HomeAid, founded in Southern California in 1989, is a nonprofit provider of housing and resources for the homeless that operates through a network of 19 chapters in 13 states. Celebrating “30 Years of Building the Way Home,” HomeAid has completed over 550 housing projects with a value of more than $230 million, of which nearly 50 percent was donated by the building industry. HomeAid has added over 10,500 beds that have housed over 327,000 previously homeless individuals. For more information about HomeAid, call 1-888-3HOMEAID or visit www.homeaid.org.
About Charity Navigator
Charity Navigator, www.charitynavigator.org, is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the Financial Health and Accountability & Transparency of more than 8,000 charities. Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a 501 (c) (3) public charity itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America's charitable givers.
Source: HomeAid America