Leo House
- Assets
- $9.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 37
- Location
- New York, NY
- Founding
- 01/1965
- Data as of
- 10/2023
- EIN
- 13-5563398
Organization Overview
Leo House is located in New York, NY. The organization was established in 1965. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 10/2023, Leo House employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leo House is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Leo House generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $4.4m during the year ending 10/2023. While expenses have increased by 6.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LEO HOUSE IS A CATHOLIC, NON-PROFIT GUEST HOUSE, DEDICATED TO OFFERING LOW-COST, TEMPORARY HOSPITALITY TO CLERGY AND RELIGIOUS, PERSONS VISITING THE SICK, STUDENTS, AND TRAVELERS FROM THE UNITED STATES AND ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LOW COST OR NO COST TEMPORARY SHELTER TO IMMIGRANTS, TRAVELLERS, VISITORS OF SICK IN AREA HOSPITALS AND OTHER INDIVIDUALS IN DISTRESS, PROMOTING THEIR OVERALL WELFARE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,546 |
| Total Program Service Revenue | $4,001,174 |
| Investment income | $48,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,168,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,693 |
| Compensation of current officers, directors, key employees. | $90,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,642,621 |
| Pension plan accruals and contributions | $135,773 |
| Other employee benefits | $146,664 |
| Payroll taxes | $94,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,527 |
| Fees for services: Accounting | $14,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,268 |
| Fees for services: Other | $16,672 |
| Advertising and promotion | $165,014 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,954 |
| Insurance | $116,521 |
| All other expenses | $1,656,664 |
| Total functional expenses | $4,350,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,615 |
| Savings and temporary cash investments | $1,212,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,026 |
| Prepaid expenses and deferred charges | $31,944 |
| Net Land, buildings, and equipment | $7,086,375 |
| Investments—publicly traded securities | $1,387,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,781,859 |
| Accounts payable and accrued expenses | $194,040 |
| Grants payable | $0 |
| Deferred revenue | $885,655 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,079,695 |
| Net assets without donor restrictions | $8,702,164 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,781,859 |