Stepping Stones Shelter Inc
- Assets
- $1.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Rockville, MD
- Founding
- 03/1983
- Data as of
- 06/2022
- 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 06/2022, Stepping Stones Shelter Inc employed 18 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 06/2022, Stepping Stones Shelter Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $840.3k during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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
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 B Gold Executive Dir. | Officer | 40 | $107,112 |
William Buskirk Treasurer | OfficerTrustee | 2 | $0 |
Marilyn Massey-Ball President | OfficerTrustee | 2 | $0 |
Laura Malinowski Secretary | OfficerTrustee | 2 | $0 |
Elyse Wallnutt Director | Trustee | 2 | $0 |
Michele Russell-Einhorn JD Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,683 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $557,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $462,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,025,403 |
| Total Program Service Revenue | $0 |
| Investment income | $1,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,955 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,024,605 |
| 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. | $122,197 |
| Compensation of current officers, directors, key employees. | $48,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,512 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,664 |
| Payroll taxes | $37,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,642 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $9,775 |
| Royalties | $0 |
| Occupancy | $26,926 |
| Travel | $0 |
| 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 | $14,315 |
| Insurance | $32,324 |
| All other expenses | $20,694 |
| Total functional expenses | $840,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,425 |
| Savings and temporary cash investments | $15,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,450 |
| 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 | $5,538 |
| Net Land, buildings, and equipment | $100,424 |
| Investments—publicly traded securities | $339,907 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,044,113 |
| Accounts payable and accrued expenses | $39,241 |
| Grants payable | $0 |
| Deferred revenue | $7,500 |
| 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 | $193,653 |
| Net assets without donor restrictions | $774,527 |
| Net assets with donor restrictions | $75,933 |
| 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 | $1,044,113 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stepping Stones Shelter Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Alice Shaver Foundation Williamstown, MA PURPOSE: CHARITABLE | $20,000 |
The@milton And Dorothy Sarnoff Raymond Foundation Williamstown, MA PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helping Up Mission Incorporated Baltimore, MD | $36,151,019 | $24,482,350 |
Friendship Place Washington, DC | $9,467,594 | $20,756,314 |
Forkids Inc Chesapeake, VA | $30,389,970 | $15,557,559 |
Central Union Mission Washington, DC | $25,037,840 | $16,629,553 |
New Hope Housing Inc Alexandria, VA | $4,724,081 | $13,222,867 |
House Of Ruth Washington, DC | $26,954,207 | $14,138,940 |
York Union Rescue Mission Inc York, PA | $4,203,301 | $6,244,380 |
Opportunity House Reading, PA | $5,953,825 | $7,820,343 |
The Light House Inc Annapolis, MD | $14,282,025 | $6,589,792 |
Caritas Richmond, VA | $20,735,460 | $5,144,634 |
Bethesda Project Philadelphia, PA | $5,417,974 | $5,948,466 |
Doorways For Women & Families Inc Arlington, VA | $11,264,979 | $7,983,956 |