Overview
What is Leap Charities Inc?
Leap Charities Inc, established in Boise, Idaho in 2008, is a dedicated nonprofit organization with a mission to develop and preserve affordable housing. They believe in providing a safe, stable, and affordable living space for all individuals, recognizing this as a fundamental right. Leap Charities Inc achieves this mission through innovative construction and financing processes. Their work extends beyond just housing development, as they also offer empowering services aimed at enhancing housing stability. The organization, with a team of 13 employees, is locally known as Welcome Housing Yes You Can LEAP ROC.
Official website here: www.leaphousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Stars)
Leap Charities Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. While the organization demonstrates a strong commitment to independence with a fully independent board, it has notable weaknesses in areas such as financial audits and documentation practices, which may affect transparency and governance.
The charity performs relatively well in its program expense ratio, suggesting that a significant portion of its expenses is directed towards its mission. However, the fundraising efficiency ratio is low, indicating that the organization may be spending more to raise funds than is typically expected. This could raise questions about the effectiveness of its fundraising strategies.
Additionally, there are several missing policies and documentation elements, such as a whistleblower policy and records of board meeting minutes, which are essential for good governance. The organization is encouraged to improve its financial documentation and transparency to enhance its overall rating and build greater trust with its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Leap Charities Inc legitimate?
Leap Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leap Charities 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: $194,817
Professional Fundraising Fees: $4,549
Other Salaries and Wages: $606,044
For more financial information, click here
Official website here: www.leaphousing.org
What is the mission statement of Leap Charities Inc?
Leap Charities Inc, a nonprofit organization, was established in 2008 with a mission to develop and preserve affordable housing. They believe in providing empowering services that contribute to greater housing stability for all individuals. Their mission is centered around the belief that everyone deserves an opportunity to access a safe, stable, and affordable home. To achieve this, they employ innovative construction and financing processes to develop affordable housing.
Official website here: www.leaphousing.org
Who is the CEO of Leap Charities Inc?
Bart Cochran is the CEO of Leap Charities Inc The CEO's salary of Leap Charities Inc is $73,205 and their total compensation is $127,205.
Official website here: www.leaphousing.org
What is the revenue of Leap Charities Inc?
Leap Charities Inc's revenue in 2024 was $5,310,586.
Official website here: www.leaphousing.org
Who are the executives of Leap Charities Inc and what are their salaries?
The average compensation at Leap Charities Inc during 2024 was $44,492. There are 18 employees and 25 volunteers at Leap Charities Inc.
Here are 6 key members and their salaries (Leap Charities Inc's CEO's salary is $73,205 and their total compensation is $127,205):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $73,205
- Related: $54,000
- Other: $0
- Compensation: $115,078
- Related: $0
- Other: $6,534
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.leaphousing.org
Where can I find the form 990 for Leap Charities Inc?
Leap Charities Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.leaphousing.org
Learn more at the official website: www.leaphousing.org
Mission Statement of Leap Charities Inc
Leap Charities Inc, established in 2008, is committed to a mission that encompasses two key aspects. The Boise-based nonprofit organization aims to develop and preserve affordable housing, employing innovative construction and financing methods. Simultaneously, Leap Charities Inc provides empowering services that contribute to greater housing stability for all individuals. The nonprofit believes in the fundamental right of all people to access a safe, stable, and affordable home.
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Impact
October, 2024
Leap Charities Inc plays a vital role in addressing the critical need for affordable housing in Boise, Idaho. Founded in 2008, the organization focuses on the development and preservation of affordable housing, ensuring that individuals and families have access to safe and stable living conditions.
Through innovative construction and financing processes, Leap Charities Inc not only creates affordable housing options but also implements empowering services aimed at enhancing housing stability. This multifaceted approach helps individuals break the cycle of housing insecurity, allowing them to build a better quality of life. By prioritizing the belief that everyone deserves a safe, stable, and affordable home, Leap Charities Inc fosters community growth, inclusivity, and resilience. The positive impact of their work is felt not just in housing but in the overall well-being and empowerment of the residents they serve.
This information is meant to be a general summary of Leap Charities 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 2024.
- Investment Income: $130,887
- Program Service Revenue: $2,729,649
- Gross Receipts: $5,310,586
Assets and Liabilities:
- Total Assets: $10,074,975
- Total Liabilities: $6,733,843
- Net Assets: $3,341,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$1,633,513
PROGRAM RENTS
Revenue
$884,299
DEVELOPMENT PROJECT IN
Revenue
$170,796
PROGRAM FEES
Revenue
$35,872
Organization Details
Founding Year
2008
Principal Officer
Brian Woodward
Website
www.leaphousing.orgNTEE Category
Code: Q30 - International
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