Loeb House Inc
- Assets
- $5.2m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 95
- Location
- Pearl River, NY
- Founding
- 04/1986
- Data as of
- 12/2022
- EIN
- 22-2609761
Organization Overview
Loeb House Inc is located in Pearl River, NY. The organization was established in 1986. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Loeb House Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loeb House Inc 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 12/2022, Loeb House Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMMUNITY HOUSING FOR INDIVIDUALS WITH SPECIAL HOUSING AND SERVICE NEEDS. ALL INDIVIDUALS OVER 18 YEARS OF AGE, WHATEVER THEIR PHYSICAL CONDITION AND/OR MENTAL ABILITIES, ARE ENTITLED TO THE OPPORTUNITY TO LIVE AND FUNCTION IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF PROGRAMS FOR MENTALLY HANDICAPPED ADULTS THAT INCLUDE RESIDENTIAL FACILITIES THAT ARE EITHER PERMANENT OR TEMPORARY HOUSING LEADING TO SELF-SUFFICIENCY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Zimmerman CEO | 30 | $138,781 | |
Ronald Signore CPA Chief Financial Officer | 30 | $121,608 | |
Florence Mutesasira Program Manager | 30 | $82,308 | |
Kelly Kohlbrenner Housing Manager | 30 | $80,240 | |
Debbie Farrelly Corporate Compliance Officer | 30 | $81,396 | |
Niels Dua Director | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,588,799 |
| Investment income | -$9,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,579,119 |
| 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. | $583,841 |
| Compensation of current officers, directors, key employees. | $245,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,868,351 |
| Pension plan accruals and contributions | $154,140 |
| Other employee benefits | $435,633 |
| Payroll taxes | $187,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,202 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $90,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,653 |
| 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 | $47,832 |
| Insurance | $117,196 |
| All other expenses | $308,412 |
| Total functional expenses | $5,228,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,653,961 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $465,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,147 |
| Net Land, buildings, and equipment | $363,177 |
| Investments—publicly traded securities | $459,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,971 |
| Total assets | $5,194,800 |
| Accounts payable and accrued expenses | $97,006 |
| Grants payable | $0 |
| Deferred revenue | $265,713 |
| 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 | $39,611 |
| Other liabilities | $342,698 |
| Total liabilities | $745,028 |
| Net assets without donor restrictions | $4,302,284 |
| Net assets with donor restrictions | $147,488 |
| 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 | $5,194,800 |