Steelbridge Ministries
- Assets
- $5.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 14
- Location
- Albuquerque, NM
- Founding
- 07/1970
- Data as of
- 06/2023
- EIN
- 85-0208645
Organization Overview
Steelbridge Ministries is located in Albuquerque, NM. The organization was established in 1970. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Steelbridge Ministries employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steelbridge Ministries 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, Steelbridge Ministries generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LIFE-TRANSFORMING SOLUTIONS TO BREAK THE CYCLES OF POVERTY, ADDICTION, AND TRAUMA.
Describe the Organization's Program Activity:
OPENED IN 1954 UNDER THE NAME OF ALBUQUERQUE RESCUE MISSION, WE ARE A NON- PROFIT ORGANIZATION THAT HAS BEEN A SOURCE OF HOPE FOR OUR NEIGHBORS IN CRISIS: THE ADDICTED, HOMELESS, HUNGRY, AND ABUSED FOR OVER SIX DECADES. OUR ENDEAVOR IS TO TRANSFORM LIVES, AND IN THE PROCESS TRANSFORM THE CITY OF ALBUQUERQUE. OUR LONG-TERM RESIDENTIAL PROGRAM PROVIDES WHOLE-PERSON RESTORATION SO THAT OUR CLIENTS CAN LIVE ABUNDANT LIVES. STEELBRIDGE PROVIDES LIFE TRANSFORMING SOLUTIONS THROUGH LONG-TERM HOUSING, RESIDENTIAL RECOVERY PROGRAMS, FOOD, CLOTHING, COUNSELING AND OTHER RESOURCES THAT ALLOW MEN AND WOMEN THE OPPORTUNITY TO RESTRORE THEIR LIVES PERMANENTLY, AND AT NO COST TO THEM. STEELBRIDGE MINISTRIES IS REGISTERD IN NEW MEXICO AND FEDERALLY AS A CHARITABLE/NON-PROFIT/RELIGIOUS ORGANIZATOIN AND CHURCH. IT PARTICIPATES IN THE ALBUQUERQUE NEW MEXICO BETTER BUSINESS BUREAU, ALBUQUERQUE CHAMBER OF COMMERCE, AND THE ALBUQUERQUE HISPANO CHAMBER OF COMMERCE. IT IS LED BY A VOLUNTEER GOVERNING BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Rabindranath Executive Di | Officer | 40 | $77,299 |
Travis Ogle Treasurer | OfficerTrustee | 6 | $0 |
Steve Smothermon Board Chair | OfficerTrustee | 4 | $0 |
Brian Steele Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,461,858 |
| Noncash contributions included in lines 1a–1f | $194,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,473,358 |
| Total Program Service Revenue | $0 |
| Investment income | $3,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,797 |
| 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 | $1,489,828 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,863 |
| Pension plan accruals and contributions | $3,176 |
| Other employee benefits | $53,040 |
| Payroll taxes | $31,876 |
| Fees for services: Management | $124,672 |
| Fees for services: Legal | $8,933 |
| Fees for services: Accounting | $0 |
| 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 | $144,716 |
| Information technology | $8,386 |
| Royalties | $0 |
| Occupancy | $131,823 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,866 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,044 |
| Insurance | $72,918 |
| All other expenses | -$56,385 |
| Total functional expenses | $1,464,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,539 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,466 |
| Prepaid expenses and deferred charges | $26,182 |
| Net Land, buildings, and equipment | $4,159,865 |
| Investments—publicly traded securities | $13,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,040 |
| Total assets | $5,052,871 |
| Accounts payable and accrued expenses | $57,523 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $904,358 |
| Other liabilities | $0 |
| Total liabilities | $961,881 |
| Net assets without donor restrictions | $4,082,496 |
| Net assets with donor restrictions | $8,494 |
| 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 | $5,052,871 |