Overview
What is Leeway-Welton Housing Corporation?
Leeway-Welton Housing Corporation is a nonprofit organization situated in New Haven, Connecticut. Its primary mission is to offer permanent, affordable housing to individuals living with HIV/AIDS and those with disabilities. Beyond providing housing, the corporation offers specialized services tailored to meet the physical, social, and psychological needs of its residents, aiming to enhance their health, security, happiness, and overall well-being. The organization operates on a nonprofit basis, ensuring its charges are reasonable and reflective of the costs associated with maintaining and managing its facilities.
Official website here: www.leeway.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. This rating indicates that Leeway-Welton Housing Corporation has some strengths in its governance and financial practices but also significant areas for improvement. The organization has a fully independent board and adheres to transparency in several key areas, such as having a conflict of interest policy and listing its website on the tax form.
However, the overall score reflects serious weaknesses, particularly concerning accountability. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about the organization's governance practices. Additionally, the lack of financial documentation on its website and a low liabilities to assets ratio detracts from its financial health assessment.
Despite achieving a perfect score in program expense ratio, indicating effective allocation of funds towards its mission, the overall rating of 68% suggests that potential donors should consider these limitations. There is room for improvement in policy implementation and financial transparency, which are essential for building trust and sustaining donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Leeway-Welton Housing Corporation legitimate?
Leeway-Welton Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leeway-Welton Housing Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,497
For more financial information, click here
Official website here: www.leeway.net
What is the mission statement of Leeway-Welton Housing Corporation?
Leeway-Welton Housing Corporation's mission is centered around providing affordable housing for individuals battling HIV/AIDS and those with disabilities. Their primary goal is to offer housing facilities, with a specific focus on providing permanent, affordable accommodations for these individuals. The corporation also strives to offer specialized services tailored to meet their physical, social, and psychological needs. These services aim to enhance their health, security, happiness, and overall functionality in their daily lives. The cost for these facilities and services is determined by the non-profit operation and maintenance of the housing units.
Official website here: www.leeway.net
Who is the CEO of Leeway-Welton Housing Corporation?
Jay Katz is the Director of Leeway-Welton Housing Corporation.
Official website here: www.leeway.net
What is the revenue of Leeway-Welton Housing Corporation?
Leeway-Welton Housing Corporation's revenue in 2022 was $163,648.
Official website here: www.leeway.net
Who are the executives of Leeway-Welton Housing Corporation and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $24,600
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $179,490
- Other: $24,130
- Compensation: $0
- Related: $136,673
- Other: $14,450
Official website here: www.leeway.net
Where can I find the form 990 for Leeway-Welton Housing Corporation?
Leeway-Welton Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leeway.net
Learn more at the official website: www.leeway.net
Mission Statement of Leeway-Welton Housing Corporation
Leeway-Welton Housing Corporation is committed to providing permanent, affordable housing for individuals living with HIV/AIDS and those with disabilities. Their mission extends beyond just offering housing facilities; they aim to cater specifically to the unique physical, social, and psychological needs of these individuals. The corporation strives to promote their health, security, happiness, and usefulness in longer living. The cost of these facilities and services is based on a non-profit model, ensuring their provision, maintenance, and operation remain accessible and affordable for those in need. Leeway-Welton Housing Corporation's mission is to create an environment that supports the well-being and overall quality of life for its residents, empowering them to live fulfilling lives.
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Impact
October, 2024
Leeway-Welton Housing Corporation has a significant impact on the community by providing permanent affordable housing tailored for individuals living with HIV/AIDS and those with disabilities. Situated in New Haven, Connecticut, the organization focuses on creating supportive living environments that address the unique needs of these vulnerable populations.
By offering housing facilities specifically designed for homeless individuals and those facing health challenges, the corporation enhances the quality of life for its residents. Their approach not only provides a stable living situation but also encompasses crucial services aimed at meeting the physical, social, and psychological needs of residents.
The emphasis on affordability ensures that residents can secure long-term housing without financial strain, fostering a sense of security and stability. Furthermore, by promoting health, happiness, and productivity in their clients, Leeway-Welton Housing Corporation contributes to community well-being and social inclusion. Their work directly combats homelessness, reduces the stigma associated with HIV/AIDS, and supports individuals with disabilities, thereby playing a vital role in building a more inclusive society.
This information is meant to be a general summary of Leeway-Welton Housing Corporation. 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: $22
- Program Service Revenue: $152,843
- Gross Receipts: $163,648
Assets and Liabilities:
- Total Assets: $2,478,518
- Total Liabilities: $3,459,811
- Net Assets: -$981,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$152,843
Organization Details
Founding Year
2008
Phone
(203) 865-0068Principal Officer
Jay Katz
Main Address
40 ALBERT STREET, NEW HAVEN, CT, 065111542
Website
www.leeway.netNTEE Category
Code: L24 - Housing
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