Leeway
Legal name: Leeway-putnam Housing Corporation C/o Leeway Inc
Nonprofit profile at a glance
- EIN
- 263100372
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- New Haven, CT, United States
- Phone
- (203) 865-0068
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $320,585
- Expenses
- $390,735
- Assets
- $2,841,814
- Liabilities
- $5,242,087
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JAY KATZ (EXECUTIVE DIRECTOR)
Highest reported compensation
- JAY KATZ (EXECUTIVE DIRECTOR): $198,839 total reported compensation
- LENNOX VICTORY (CHIEF OPERATIONS OFFICER): $138,836 total reported compensation
- ROBERT MORGAN (CHAIR/CONSULTANT): $32,114 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 commu --- excerpt ---. We provide many services at Leeway to support our residents’ needs. In addition to excellent direct clinical care, we have many services for addictions. We also provide supportive housing for the community and many of our Leeway Alumni. If you have not visited Leeway, I hope that you take a moment to learn more about Leeway as we are today and how we can help you and your loved ones. The State of Connecticut fully accredits Leeway and maintains the strongest dedication to providing both quality of care and quality of life for our patients and residents. This is why we say, “HOPE happens at Leeway.�? These are not just words to us; it is our mission, our vision and our commitment. Sincerely,.
What it reported doing in 2024
Providing housing facilities, and in particular providing permanent supportive housing for homeless persons, and persons with chronic mental illness.
Operating model
- Revenue model
- Earned-program. 98% 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
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 59
- Accountability: 67
- Sustainability: 34
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83.8%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 20th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- 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: -21.9%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 7.27; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 1.84; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 19.3%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: -4% per year; rating input score 0; 12th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 83.8% of spending went to programs
- Governance: 3 of 4 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $327K in reported program spending
- Leadership: top reported pay $199K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Operating margin scored 13/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 20/100.