Civic Intelligence

Leap Charities Inc

990 • Fiscal year 2022 • EIN 26-1738122

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 27, 2023

670 E Riverpark Lane Suite 170Boise, ID 83706

(208) 391-2823

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.67x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

3.36x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

83rd percentile

37%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$112,918

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

90th percentile

45%

Faster asset growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

14%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$10,074,975

Up $3,138,213 (+45%) from 2021

Net Assets

Up

$3,341,132

Up $732,282 (+28%) from 2021

Liabilities

Up

$6,733,843

Up $2,405,931 (+56%) from 2021

Revenue

Up

$2,005,071

Up $239,827 (+14%) from 2021

Expenses

Up

$1,272,789

Up $397,990 (+45%) from 2021

Net Income

Down

$732,282

Down $158,163 (-18%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2017: $124,122Liabilities 2017: $3,932Net Assets 2017: $120,1902017Assets 2018: $1,401,071Liabilities 2018: $1,017,634Net Assets 2018: $383,4372018Assets 2019: $2,857,062Liabilities 2019: $2,159,965Net Assets 2019: $697,0972019Assets 2020: $4,868,613Liabilities 2020: $3,503,933Net Assets 2020: $1,364,6802020Assets 2021: $6,936,762Liabilities 2021: $4,327,912Net Assets 2021: $2,608,8502021Assets 2022: $10,074,975Liabilities 2022: $6,733,843Net Assets 2022: $3,341,1322022Assets 2023: $18,964,716Liabilities 2023: $12,668,446Net Assets 2023: $6,296,2702023Assets 2024: $23,749,170Liabilities 2024: $14,614,365Net Assets 2024: $9,134,8052024

Highlighted filing

2022

Assets$10,074,975
Liabilities$6,733,843
Net Assets$3,341,132

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2017: $167,459Expenses 2017: $64,742Net Income 2017: $102,7172017Revenue 2018: $473,775Expenses 2018: $210,528Net Income 2018: $263,2472018Revenue 2019: $609,780Expenses 2019: $431,783Net Income 2019: $177,9972019Revenue 2020: $1,326,709Expenses 2020: $659,126Net Income 2020: $667,5832020Revenue 2021: $1,765,244Expenses 2021: $874,799Net Income 2021: $890,4452021Revenue 2022: $2,005,071Expenses 2022: $1,272,789Net Income 2022: $732,2822022Revenue 2023: $4,783,527Expenses 2023: $1,828,389Net Income 2023: $2,955,1382023Revenue 2024: $5,310,586Expenses 2024: $2,472,051Net Income 2024: $2,838,5352024

Highlighted filing

2022

Revenue$2,005,071
Expenses$1,272,789
Net Income$732,282
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 27, 2023
Return Version
2022v5.0
Gross Receipts
$2,005,071
Mission and Program Overview

Mission

Leap housing was founded in boise, idaho in 2008 - their mission is to develop and preserve affordable housing while providing empowering services that lead to greater housing stability. Leap housing is a boise-based nonprofit who believes all people deserve an opportunity to access a safe, stable, and affordable home.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,606,390$7,547,165▲ $2,940,775
Savings and Temporary Cash Investments$2,240$918,706▲ $916,466
Pledges and Grants Receivable$508,102$398,429▼ $109,673
Other Notes and Loans Receivable, Net$75,000$75,000→ $0
Receivables From Officers Etc-$46,592-
Prepaid Expenses and Deferred Charges$21,548--
Intangible Assets$9,681--
Accounts Receivable$155,711$933▼ $154,778
Cash and Non-Interest-Bearing Accounts$515,294$100▼ $515,194
Total Assets$6,936,762$10,074,975▲ $3,138,213
Other Assets Total$1,042,796$1,088,050▲ $45,254
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,843,010$6,301,853▲ $2,458,843
Accounts Payable and Accrued Expenses$304,902$251,990▼ $52,912
Unsecured Notes Loans Payable$180,000$180,000→ $0
Total Liabilities$4,327,912$6,733,843▲ $2,405,931
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,608,850$2,751,310▲ $142,460
Net Assets With Donor Restrictions-$589,822-
Total Net Assets Fund Balance$2,608,850$3,341,132▲ $732,282
Total Liabilities and Net Assets / Fund Balance$6,936,762$10,074,975▲ $3,138,213

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,994,271$194,385$3,188,656
Other Land Buildings$3,064,395$30,027$3,094,422
Land$1,488,499-$1,488,499
Other Assets Org$12,062--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bart CochranCEOFT$53,620$59,298$112,918
Brian WoodwardCOOFT$104,581$5,763$110,344

Board Members and Trustees

NameTitle
Jerry BradyPresident
Dhafer AlfutayhiBoard Member
Meggan ManloveBoard Member
Matthew KellerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,608,638
Program Service Revenue
$388,864
Investment Income
$4,476
Other Revenue
$3,093
All Other Contributions
$1,268,435
Change in Net Assets
$732,282

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$84,000Fair Market Value (FMV)
Total Noncash Contributions1$84,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$683,598
Salaries, Compensation, and Employee Benefits$589,191
Total Fundraising Expense$47,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$187,191$109,507$10,421$307,119
Fees for Services Other$151,271$89,976$20,106$261,353
Current Officers, Directors, Trustees, and Key Employees$100,855$62,792$5,615$169,262
Occupancy$109,628$14,264$31$123,923
Depreciation Depletion$94,431--$94,431
Other Employee Benefits$43,812$27,279$2,439$73,530
Interest$19,310$45,867-$65,177
Payroll Taxes$23,405$14,572$1,303$39,280
Insurance$12,803$11,645-$24,448
Fees for Services Legal$17,442--$17,442
Information Technology$3,198$11,784$1,683$16,665
Fees for Services Accounting$11,488$3,721$831$16,040
Travel$4,244$868$43$5,155
Other Expenses$4$778$4,600$782
Total Functional Expenses$810,704$415,013$47,072$1,272,789
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by CEO and Former Board Member, Chad HansenAmount Paid to Property People for Developer Fees, Construction Fees, and Reimbursement of Expenses. There Are No Remaining Amounts PayableNo$114,088
-Owned by CEO and Former Board Member, Chad HansenDonation From Property PeopleNo$80,000
Tracy CochranOwned by CEO and Former Board Member, Chad HansenRENT DUE FROM PROPERTY PEOPLE: PROPERTY PEOPLE MANAGES THE ORGANIZATION'S RENTAL PROPERTIES AND COLLECTS RENT ON BEHALF OF THE ORGANIZATION.No$46,592
-Wife of CEOWagesNo$6,279

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$46,592-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

THREE VOTING MEMBERS

Form 990, Part VI, Section A, Line 8B

All voting members have the same rights

Form 990, Part VI, Section B, Line 11B

All board members reviewed the form 990.

Form 990, Part VI, Section B, Line 12C

Potential conflicts of interest are examined during board of director(s) meeting.

Form 990, Part VI, Section C, Line 19

Organization's bylaws and documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Leap Charities Inc
EIN
26-1738122
Phone
2083912823
Address
670 E RIVERPARK LANE SUITE 170, BOISE, ID 83706
Doing Business As
Welcome Housing Yes You Can Leap Roc

Signing Officer

Name
Bart Cochran
Title
CEO
Phone
2083912823
Signed
2023-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bart Cochran
Formed
2008
Legal Domicile
Id
Voting Board Members
4
Independent Board Members
4
Employees
13
Volunteers
19

Preparer

Firm
Harris & Co Pllc
Address
1120 S RACKHAM WAY SUITE 100, MERIDIAN, ID 83642
Preparer
Margaret Flowers
Phone
2083338965
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

In 2022, leap began raising money for the purpose of providing loans to prospective homeowners in its community land trust. Potential owners would come into the office, and the homeownership manager would interview them and collect income documentation to certify that they were income qualified.

Form 990, Part IX, Line 11G

Professional fees: program service expenses 151,271. Management and general expenses 89,976. Fundraising expenses 20,106. Total expenses 261,353.

Financial Statement Notes

PART X, LINE 2:

The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2022 and 2021. The organization files form 990 in the u.s. Federal jurisdiction. The organization is generally no longer subject to examination by the internal revenue service for years before 2019.

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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01303
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014572
IRS990/PayrollTaxesGrp/ProgramServicesAmt023405
IRS990/PayrollTaxesGrp/TotalAmt039280
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0508102
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0398429
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021548
IRS990/PrincipalOfficerNm0BART COCHRAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT PROJECT IN
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM RENTS
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc3DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0163519
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1133880
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247153
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt344312
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0163519
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1133880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt344312
IRS990/ProgSrvcAccomActy2Grp/Desc0LEAP ROC: WORKING TO HELP MOBILE PARK RESIDENTS TO BUY THEIR LAND FROM THE OWNER AND RUN IT AS A COOPERATIVE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034530
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt018637
IRS990/ProgSrvcAccomActy3Grp/Desc0LEAP LOAN FUND: FOR THE PURPOSE OF PROVIDING LOANS TO PROSPECTIVE HOMEOWNERS IN THE COMMUNITY LAND TRUST. POTENTIAL OWNERS COME INTO THE OFFICE. THE HOMEOWNERSHIP MANAGER INTERVIEWS THEM AND COLLECT INCOME DOCUMENTATION TO CERTIFY THAT THEY ARE INCOME QUALIFIED.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt067560
IRS990/ProgSrvcAccomActyOtherGrp/Desc0WELCOME HOUSING: WELCOME HOUSING IS THE OPERATION OF A TEMPORARY HOUSING PROGRAM AS A SOFT LANDING FOR REFUGEES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1YYC: YES YOU CAN IS A MENTORSHIP-STYLE HOME PURCHASE PROGRAM FOR THOSE FACING BARRIERS TO HOMEOWNERSHIP.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2OTHER
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt057395
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1541
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt228210
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0162396
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01270800
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0417895
IRS990/PYOtherRevenueAmt0160667
IRS990/PYProgramServiceRevenueAmt0333777
IRS990/PYRevenuesLessExpensesAmt0890445
IRS990/PYSalariesCompEmpBnftPaidAmt0456904
IRS990/PYTotalExpensesAmt0874799
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01765244
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt046592
IRS990/ReconcilationRevenueExpnssAmt0732282
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0207831
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02240
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0918706
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01608638
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01270800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01029384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0486514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0440290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04835626
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0702
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0389
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01136
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02100101
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07569
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07569
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97730
IRS990ScheduleA/PublicSupportPY170Pct00.99000
IRS990ScheduleA/PublicSupportTotal170Amt04734400
IRS990ScheduleA/SubstantialContributorsTotAmt0101226
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01608638
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01270800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01029384
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0486514
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0440290
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04835626
IRS990ScheduleA/TotalSupportAmt04844331
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02994271
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0194385
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03188656
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01488499
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01488499
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt094036
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1981952
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt212062
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS HELD IN ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LAND HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03064395
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030027
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03094422
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2022 AND 2021. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07547165
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01088050
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PROPERTY PEOPLE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1PROPERTY PEOPLE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2PROPERTY PEOPLE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TRACY COCHRAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY CEO AND FORMER BOARD MEMBER, CHAD HANSEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNED BY CEO AND FORMER BOARD MEMBER, CHAD HANSEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OWNED BY CEO AND FORMER BOARD MEMBER, CHAD HANSEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3WIFE OF CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt046592
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1114088
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt280000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt36279
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT DUE FROM PROPERTY PEOPLE: PROPERTY PEOPLE MANAGES THE ORGANIZATION'S RENTAL PROPERTIES AND COLLECTS RENT ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1AMOUNT PAID TO PROPERTY PEOPLE FOR DEVELOPER FEES, CONSTRUCTION FEES, AND REIMBURSEMENT OF EXPENSES. THERE ARE NO REMAINING AMOUNTS PAYABLE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2DONATION FROM PROPERTY PEOPLE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3WAGES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt046592
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0PROPERTY PEOPLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0RENT DUE FROM PROPERTY PEOPLE: PROPERTY PEOPLE MANAGES ORGANIZATION'S RENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt046592
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OWNED BY CEO AND FORMER BOARD MEMBER, CHAD HANSEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt046592
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt084000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2022, LEAP BEGAN RAISING MONEY FOR THE PURPOSE OF PROVIDING LOANS TO PROSPECTIVE HOMEOWNERS IN ITS COMMUNITY LAND TRUST. POTENTIAL OWNERS WOULD COME INTO THE OFFICE, AND THE HOMEOWNERSHIP MANAGER WOULD INTERVIEW THEM AND COLLECT INCOME DOCUMENTATION TO CERTIFY THAT THEY WERE INCOME QUALIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THREE VOTING MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL VOTING MEMBERS HAVE THE SAME RIGHTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS REVIEWED THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POTENTIAL CONFLICTS OF INTEREST ARE EXAMINED DURING BOARD OF DIRECTOR(S) MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION'S BYLAWS AND DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 151,271. MANAGEMENT AND GENERAL EXPENSES 89,976. FUNDRAISING EXPENSES 20,106. TOTAL EXPENSES 261,353.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C

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