Leonia Retirement Housing Corporation
Leonia Retirement Housing Corporation: Stable Finances, High Program Spending
EIN: 222266251 · Leonia, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $-2,257,410 |
| Transparency Score | 85/100 |
Is Leonia Retirement Housing Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leonia Retirement Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leonia Retirement Housing Corporation
Leonia Retirement Housing Corporation (EIN: 222266251) is a nonprofit organization based in Leonia, NJ. The organization reported total revenue of $1.5M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leonia Retirement Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leonia Retirement Housing Corporation is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$76K |
| Total Assets | $4.7M |
| Total Liabilities | $6.9M |
| Net Assets | $-2,257,410 |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 148.2% |
| Months of Reserves | 41.8 months |
Financial Health Grade: A
In 2023, Leonia Retirement Housing Corporation reported a surplus of $76K with revenue exceeding expenses, holds 41.8 months of operating reserves (strong position), has a debt-to-asset ratio of 148.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leonia Retirement Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +3.1% | -1.3% |
| 2022 | -0.3% | +3.3% | +31.9% |
| 2021 | +2.6% | +0.9% | +2.5% |
| 2020 | +6.1% | +4.6% | +1.3% |
| 2019 | +19.4% | +0.6% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Leonia Retirement Housing Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Leonia Retirement Housing Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 148.2%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below the disclosure threshold or not applicable for this organization.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Leonia Retirement Housing Corporation:
- Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023).
- Stable revenue and asset base over the past several years.
- Low administrative and fundraising overhead.
Frequently Asked Questions about Leonia Retirement Housing Corporation
Is Leonia Retirement Housing Corporation a legitimate charity?
Leonia Retirement Housing Corporation (EIN: 222266251) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Leonia Retirement Housing Corporation spend its money?
Leonia Retirement Housing Corporation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Leonia Retirement Housing Corporation tax-deductible?
Leonia Retirement Housing Corporation is registered as a tax-exempt nonprofit (EIN: 222266251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Leonia Retirement Housing Corporation's spending goes to programs?
Leonia Retirement Housing Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Leonia Retirement Housing Corporation located?
Leonia Retirement Housing Corporation is headquartered in Leonia, New Jersey and files with the IRS under EIN 222266251.
How many years of IRS 990 filings does Leonia Retirement Housing Corporation have?
Leonia Retirement Housing Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
What does Leonia Retirement Housing Corporation do?
Leonia Retirement Housing Corporation is a nonprofit organization in the Unknown sector, located in Leonia, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Leonia Retirement Housing Corporation have?
Leonia Retirement Housing Corporation reported total revenue of $1,483,981. Based on 13 IRS 990 filings on record.
What are Leonia Retirement Housing Corporation's total assets?
Leonia Retirement Housing Corporation holds total assets of $4,708,546 as reported in IRS 990 filings.
Where is Leonia Retirement Housing Corporation located?
Leonia Retirement Housing Corporation is based in Leonia, New Jersey.
What is Leonia Retirement Housing Corporation's EIN?
Leonia Retirement Housing Corporation's Employer Identification Number (EIN) is 222266251. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Leonia Retirement Housing Corporation?
Leonia Retirement Housing Corporation is classified under NTEE code Unknown (Unknown).
Is Leonia Retirement Housing Corporation a registered 501(c)(3)?
Leonia Retirement Housing Corporation appears in IRS records (EIN: 222266251). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Leonia Retirement Housing Corporation file IRS Form 990?
Yes, Leonia Retirement Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Leonia Retirement Housing Corporation's revenue in 2023?
In the 202312 filing period, Leonia Retirement Housing Corporation reported total revenue of $1,420,180, total expenses of $1,343,908, and net assets of $4,682,483.
Is Leonia Retirement Housing Corporation's revenue growing or declining?
Leonia Retirement Housing Corporation's revenue is relatively stable. Revenue went from $1,390,073 (202212) to $1,420,180 (202312), a +2.2% change. Based on 13 filings on record.
What is Leonia Retirement Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Leonia Retirement Housing Corporation covers tax period 202312. It shows revenue of $1,420,180, expenses of $1,343,908, total assets of $4,682,483, and liabilities of $6,939,893.
How much does Leonia Retirement Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Leonia Retirement Housing Corporation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Leonia Retirement Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Leonia Retirement Housing Corporation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Leonia Retirement Housing Corporation's strengths?
Positive indicators for Leonia Retirement Housing Corporation include: Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023).. Stable revenue and asset base over the past several years.. Low administrative and fundraising overhead.. These findings are derived from AI analysis of the organization's financial filings.
How does Leonia Retirement Housing Corporation compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below the disclosure threshold or not applicable for this organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization maintain such a high program spending ratio?
The organization's consistent program spending of around 90% suggests efficient operations and a focus on direct service delivery, potentially through volunteer efforts or streamlined administrative processes.
What is the long-term trend in the organization's net assets?
Net assets have shown a slight increase from $3,595,425 in 2021 to $4,682,483 in 2023, indicating financial stability and growth.
Filing History
IRS 990 filing history for Leonia Retirement Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leonia Retirement Housing Corporation's revenue has grown by 40.5%, moving from $1.0M to $1.4M. Total assets increased by 11.2% over the same period, from $4.2M to $4.7M. Total functional expenses rose by 19.5%, from $1.1M to $1.3M. In its most recent filing year (2023), Leonia Retirement Housing Corporation reported a surplus of $76K, with revenue exceeding expenses. The organization holds $6.9M in liabilities against $4.7M in assets (debt-to-asset ratio: 148.2%), resulting in net assets of $-2,257,410.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $4.7M | $6.9M | — | View 990 |
| 2022 | $1.4M | $1.3M | $4.7M | $7.1M | — | View 990 |
| 2021 | $1.4M | $1.3M | $3.6M | $6.0M | — | View 990 |
| 2020 | $1.4M | $1.3M | $3.5M | $6.1M | — | View 990 |
| 2019 | $1.3M | $1.2M | $3.5M | $6.1M | — | View 990 |
| 2018 | $1.1M | $1.2M | $3.7M | $6.5M | — | View 990 |
| 2017 | $1.1M | $1.1M | $3.8M | $6.4M | — | View 990 |
| 2016 | $1.1M | $1.1M | $3.7M | $6.3M | — | View 990 |
| 2015 | $1.0M | $1.2M | $3.9M | $6.4M | — | View 990 |
| 2014 | $1.0M | $1.2M | $4.1M | $6.5M | — | View 990 |
| 2013 | $1.0M | $1.1M | $4.2M | $6.5M | — | View 990 |
| 2012 | $1.3M | $1.0M | $4.4M | $6.5M | — | View 990 |
| 2011 | $1.0M | $1.1M | $4.2M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $4.7M (revenue +2.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $4.7M (revenue -0.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $3.6M (revenue +2.6% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $3.5M (revenue +6.1% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $3.5M (revenue +19.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $3.7M (revenue -0.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $3.8M (revenue +2.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $3.7M (revenue +1.5% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.2M, and assets of $3.9M (revenue +0.0% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.2M, and assets of $4.1M (revenue +0.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $4.2M (revenue -17.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.0M, and assets of $4.4M (revenue +24.6% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.1M, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leonia Retirement Housing Corporation:
Data Sources and Methodology
This transparency report for Leonia Retirement Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.