Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
70 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $176K paid to officers and key staff.
Brian Woodward’s $138K as COO is at the 51st percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Brian Woodward | $138,479 | $115,078 | $111,138 | $104,581 | $41,995 | $53,041 |
| Bart Cochran | $95,177 | $73,205 | $65,061 | $53,620 | $59,535 | $56,700 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Leap Charities INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Develops and preserves affordable housing, offering services for greater stability.
Questions for Leap Charities INC
Your first name shows with your question. Leap Charities INC answers here, for everyone.
Affordable Housing Development
Developing affordable housing through innovative construction and financing processes.
Leap 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.
Leap Roc (resident-Owned Communities)
Working to help mobile park residents to buy their land from the owner and run it as a cooperative.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported 1 finding: a material weakness in money controls.
The auditor reported no findings.
The auditor reported no findings.
The auditor reported 6 findings: a material weakness in money controls.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $919K | $1.3M |
| Land, buildings, equipmentLn 10c | $7.5M | $10.7M |
| Total assetsLn 16 | $10.1M | $19.0M |
| LiabilitiesLn 26 | $6.7M | $12.7M |
| Net assetsLn 32 | $3.3M | $6.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $5K | $5K | ||
| Pay of current officers, directors and key staffLn 5 | $183K | $136K | $18K | $29K |
| Other salaries and wagesLn 7 | $386K | $287K | $37K | $62K |
| Other employee benefitsLn 9 | $34K | $25K | $3K | $5K |
| Payroll taxesLn 10 | $49K | $36K | $5K | $8K |
| Legal feesLn 11b | $63K | $33K | $30K | $16 |
| Accounting feesLn 11c | $94K | $50K | $44K | $24 |
| Professional fundraising feesLn 11e | $81K | $81K | ||
| Other fees for servicesLn 11g | $212K | $104K | $108K | $31 |
| Information technologyLn 14 | $21K | $4K | $14K | $2K |
| OccupancyLn 16 | $138K | $93K | $46K | $25 |
| TravelLn 17 | $11K | $6K | $2K | $2K |
| InterestLn 20 | $112K | $112K | $380 | |
| Depreciation, depletion and amortizationLn 22 | $204K | $204K | ||
| InsuranceLn 23 | $20K | $7K | $12K | $567 |
| Other expenses (24a–d)Ln 24 | $216K | $179K | $26K | $11K |
| Total functional expensesLn 25 | $1.8M | $1.3M | $345K | $201K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 30, 2026 | $4.5M | $3.0M | $1.5M | $10.6M | 990 PDF |
| FY2024Filed with the IRS Apr 2, 2025 | $5.3M | $2.5M | $2.8M | $9.1M | 990 PDF |
| FY2023 ViewingFiled with the IRS Aug 7, 2024 | $4.8M | $1.8M | $3.0M | $6.3M | 990 PDF |
| FY2022Filed with the IRS Nov 6, 2023 | $2.0M | $1.3M | $732K | $3.3M | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $1.8M | $875K | $890K | $2.6M | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $1.3M | $659K | $668K | $1.4M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $4,783,527 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 3 to look at
Part VIII · Statement of revenue $4,783,527 across 7 lines filed
Part IX · Statement of functional expenses $1,828,389 across 16 lines filed
Part X · Balance sheet $18,964,716 assets, 17 lines filed
Part XI · Reconciliation of net assets $6,296,270 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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