Stepping Stones Shelter Inc
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Rockville, MD
- Founding
- 03/1983
- Data as of
- 06/2023
- EIN
- 52-1281647
Organization Overview
Stepping Stones Shelter Inc is located in Rockville, MD. The organization was established in 1983. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Stepping Stones Shelter Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stepping Stones Shelter 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 06/2023, Stepping Stones Shelter Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $891.6k during the year ending 06/2023. While expenses have increased by 2.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STEPPING STONES SHELTER PROVIDES A CONTINUUM OF SERVICES TO HOMELESS FAMILIES WITH CHILDREN IN ORDER TO MOVE THEM FROM CRISIS TO A STABLE HOME ENVIRONMENT BY OFFERING FOOD, SHELTER, AND SUPPORTIVE SERVICES IN AN ATMOSPHERE OF DIGNITY AND RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROGRAM: PROVIDES EMERGENCY RESIDENTIAL SHELTER FOR FAMILIES IN NEED; PROVIDES POST-SHELTER SUPPORT FOR FORMERLY HOMELESS FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Gold Executive Dir. | Officer | 40 | $120,986 |
William Buskirk Treasurer | OfficerTrustee | 2 | $0 |
Elyse Wallnutt Director | Trustee | 2 | $0 |
Michele Russell-Einhorn JD Director | Trustee | 2 | $0 |
Marilyn Massey-Ball President | OfficerTrustee | 2 | $0 |
Judith Carrithers Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,852 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $595,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $480,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,081,276 |
| Total Program Service Revenue | $0 |
| Investment income | $21,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,992 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,094,436 |
| 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. | $121,593 |
| Compensation of current officers, directors, key employees. | $48,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,921 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,132 |
| Payroll taxes | $44,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,182 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,775 |
| Royalties | $0 |
| Occupancy | $27,820 |
| Travel | $448 |
| 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 | $14,510 |
| Insurance | $40,623 |
| All other expenses | $34,054 |
| Total functional expenses | $891,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $683,156 |
| Savings and temporary cash investments | $5,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,882 |
| 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 | $4,848 |
| Net Land, buildings, and equipment | $95,493 |
| Investments—publicly traded securities | $410,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,277,253 |
| Accounts payable and accrued expenses | $48,820 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $146,912 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $195,732 |
| Net assets without donor restrictions | $1,022,526 |
| Net assets with donor restrictions | $58,995 |
| 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 | $1,277,253 |