LEEWAY-PUTNAM HOUSING CORPORATION … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JAY KATZ

Phone

2038950068

Tax Period

2023-10-01 to 2024-09-30

LEEWAY-PUTNAM HOUSING CORPORATION C/O LEEWAY INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $275K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $460K exceeded revenue, resulting in a 67% operating deficit.

Mission

TO PROVIDE HOUSING FACILITIES, AND IN PARTICULAR TO PROVIDE PERMANENT SUPPORTIVE HOUSING FOR HOMELESS PERSONS AND PERSONS WITH CHRONIC MENTAL ILLNESS, TO INTEGRATE RESIDENTS WITH SPECIAL NEEDS WITH RESIDENTS WHO DO NOT HAVE SPECIAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $432,690 Revenue: $252,317

PROVIDING HOUSING FACILITIES, AND IN PARTICULAR PROVIDING PERMANENT SUPPORTIVE HOUSING FOR HOMELESS PERSONS, AND PERSONS WITH CHRONIC MENTAL ILLNESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $252,317

Investment Income $6,619

Other Revenue $15,581

TOTAL REVENUE $274,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,806

Fundraising Expenses $0

Program Expenses $432,690

Other Expenses $398,943

TOTAL EXPENSES $459,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,517	$301,134	-0.1%
Expenses	$459,749	$476,118	0.0%
Net Income	$-185,232	$-174,984	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$346,086

Total Directors

$15,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY KATZ	EXECUTIVE DIRECTOR	1.00	Officer	$0	$56,722	$203,220
LENNOX VICTORY	CHIEF OPERATIONS OFFICER	1.00	Officer	$0	$20,512	$142,866
KATHERINE SYLVESTER	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT MORGAN	DIRECTOR/CONSULTANT	1.00	Director	$0	$0	$15,600
JEFFREY BUSK	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DYSON	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$274,517	$459,749	$2,923,684	$-185,232
2023	$301,134	$476,118	$3,042,248	$-174,984
2022	$273,365	$468,344	$3,246,054	$-194,979
2021	$260,727	$447,124	$3,461,289	$-186,397
2020	$274,938	$430,774	$3,616,521	$-155,836
2019	$258,934	$428,301	$3,775,240	$-169,367
2018	$241,726	$426,446	$3,937,906	$-184,720

LEEWAY-PUTNAM HOUSING CORPORATION C/O LEEWAY INC