Leeway Inc
Nonprofit profile at a glance
- EIN
- 223065847
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New Haven, CT, USA
- Phone
- 2038650068
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- AIDS
Reported finances
- Revenue
- $9,731,186
- Expenses
- $9,642,705
- Assets
- $8,404,267
- Liabilities
- $3,555,695
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- JAY KATZ (EXECUTIVE DIRECTOR)
Highest reported compensation
- JAY KATZ (EXECUTIVE DIRECTOR): $198,839 total reported compensation
- TARA MCCARTEN (DIRECTOR OF NURSING): $170,789 total reported compensation
- MOMOTA GONSALVES-RAMCHARAN (REGISTERED NURSE): $139,926 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Leeway is dedicated to maximizing the quality of life for people living with HIV/AIDS and co-occurring conditions in the greater new haven community and beyond. This is achieved through innovative inpatient and outpatient healthcare and housing initiatives.
What it reported doing in 2024
As a nonprofit skilled nursing facility, leeway continued to fulfill its mission by providing high-quality long-term care and rehabilitation services to individuals with complex healthcare needs. We served residents from diverse backgrounds, including those who rely on medicaid and other public assistance programs, ensuring access to compassionate care, safe housing, and supportive services that promote health, dignity, and quality of life.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 80
- Accountability: 91
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.5%; rating input score 82
- Program expense ratio: 82.7%; rating input score 83
- Fundraising efficiency: $481.73 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 91.7%; rating input score 92; 22nd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.9%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.87; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 9.6%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 81.5% of revenue deployed · 82.7% of spending went to programs
- Governance: 11 of 12 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8M in reported program spending
- Leadership: top reported pay $199K · 20 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.2M reported
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 37/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.