Overview
What is Loeb House Inc?
Loeb House Inc is a nonprofit organization based in Pearl River, New York, primarily focused on providing community housing for individuals with special housing and service needs. With a staff of 95, this organization offers residential facilities that cater to adults with various physical conditions and mental abilities. Their mission is to ensure that these individuals have the opportunity to live and function independently within the community. This includes temporary and permanent housing options, designed to lead individuals towards self-sufficiency. Their work aims to enhance the quality of life for those with unique housing requirements, offering them a supportive environment to thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Loeb House Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is entirely derived from its accountability and finance measures, where it received an impressive score of 94%. This high rating indicates that the organization adheres to rigorous standards of transparency and financial management, which is crucial for maintaining donor trust.
The organization demonstrates notable strengths, including 100% independent board membership and a well-structured audit and oversight committee, both of which are essential for effective governance. Their financial health is solid, with a low liabilities to assets ratio of 19.87% and a program expense ratio of 86.81%, suggesting efficient allocation of resources towards their mission. Additionally, the presence of core policies, such as conflict of interest and whistleblower policies, further enhances their accountability framework.
Despite these strengths, the summary does not indicate any specific weaknesses or areas for improvement. Overall, Loeb House Inc stands out as a reliable nonprofit, committed to transparency and effective use of funds, making it a worthy consideration for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Loeb House Inc legitimate?
Loeb House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loeb House 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: $583,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,868,351
For more financial information, click here
What is the mission statement of Loeb House Inc?
Loeb House Inc is dedicated to providing community housing for individuals with special housing and service needs, ensuring that all adults over the age of 18, regardless of their physical condition or mental abilities, have the opportunity to live and function independently in the community. The organization manages programs for mentally handicapped adults, offering residential facilities that may be permanent or temporary, with the ultimate goal of promoting self-sufficiency.
Who is the CEO of Loeb House Inc?
Tom Zimmerman is the Ceo of Loeb House Inc. The CEO's salary of Loeb House Inc is $138,781 and their total compensation is $166,733.
What is the revenue of Loeb House Inc?
Loeb House Inc's revenue in 2022 was $5,579,119.
Who are the executives of Loeb House Inc and what are their salaries?
The average compensation at Loeb House Inc during 2022 was $25,813. There are 95 employees at Loeb House Inc.
Here are 10 key members and their salaries (Loeb House Inc's CEO's salary is $138,781 and their total compensation is $166,733):
- Compensation: $138,781
- Related: $0
- Other: $27,952
- Compensation: $121,608
- Related: $0
- Other: $20,612
- Compensation: $82,308
- Related: $0
- Other: $16,678
- Compensation: $80,240
- Related: $0
- Other: $12,375
- Compensation: $81,396
- Related: $0
- Other: $9,119
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Loeb House Inc?
Loeb House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loeb House Inc
Loeb House Inc, a nonprofit organization, is dedicated to providing community housing for individuals with special housing and service needs. Regardless of their physical condition or mental abilities, all adults over 18 years of age are entitled to the opportunity to live and function in the community, as supported by Loeb House Inc.
The mission of Loeb House Inc is to manage programs that cater to mentally handicapped adults. These programs encompass residential facilities, which can range from permanent to temporary housing, with the ultimate goal of leading residents towards self-sufficiency. By offering these housing solutions, Loeb House Inc aims to ensure that every individual has the chance to live and thrive within the community, promoting independence and well-being.
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Impact
June, 2024
Loeb House Inc's impact can be seen in its provision of community housing for individuals with special housing and service needs in Pearl River, NY. Their programs cater to mentally handicapped adults, offering residential facilities that support self-sufficiency and enable individuals to live and function within the community. This organization plays a crucial role in ensuring that all individuals over 18 years old, regardless of their physical or mental abilities, have the opportunity to lead independent lives. Their focus on mental health services makes a significant difference in the lives of those they serve, promoting inclusion and empowerment within the community.
This information is meant to be a general summary of Loeb House Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$9,680
- Program Service Revenue: $5,588,799
- Gross Receipts: $5,579,119
Assets and Liabilities:
- Total Assets: $5,194,800
- Total Liabilities: $745,028
- Net Assets: $4,449,772
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOTAL PROGRAM REVENUE
Revenue
$5,588,799
Organization Details
Founding Year
1983
Phone
(845) 735-0515Principal Officer
Tom Zimmerman
Main Address
ONE BLUE HILL PLAZA PO BOX 1648, PEARL RIVER, NY, 10965
NTEE Category
Code: F00 - Mental health
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