Overview
What is Steppingstone Inc?
Steppingstone Inc, based in Fall River, Massachusetts, is a nonprofit organization dedicated to improving the quality of life in the community. Specifically, they focus on providing supportive services to disabled homeless individuals, chronic homeless individuals, and families. Their housing division aims to help these groups find both temporary and permanent housing opportunities. The organization operates in scattered sites, offering a variety of services to cater to the diverse needs of those in need. Their mission encompasses enhancing well-being and promoting independence through comprehensive client-centered programs and services.
Official website here: www.steppingstoneinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Steppingstone Inc has achieved a remarkable score of 96%, highlighting its exceptional accountability and financial management practices. The organization scored full points on several key metrics, indicating a commitment to transparency and ethical governance. The presence of a majority independent board and comprehensive policies on conflict of interest and whistleblowing further solidifies its strong governance structure.
The nonprofit demonstrates a solid financial position with a low liabilities-to-assets ratio, ensuring that it maintains financial health while effectively utilizing its resources. Additionally, Steppingstone Inc allocates a substantial portion of its expenses—83.47%—directly towards its programs, reflecting a strong focus on mission-related activities and impact.
While the data does not indicate any major weaknesses or concerns, the high level of accountability and robust financial oversight are significant strengths that foster trust among donors and stakeholders. Overall, Steppingstone Inc stands out as a reliable organization that prioritizes both accountability and effective program implementation.
This AI summary has been generated from information found on Charity Navigator.
Is Steppingstone Inc legitimate?
Steppingstone Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steppingstone Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $239,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,452,608
For more financial information, click here
Official website here: www.steppingstoneinc.org
What is the mission statement of Steppingstone Inc?
Steppingstone Inc's mission is centered around enhancing the quality of life for individuals and families within their community. They strive to achieve this by offering comprehensive, client-centered programs and services that promote well-being and foster independence. One of their key initiatives is the Housing for Homeless division, which provides supportive services to disabled, homeless, and chronically homeless individuals and families. This division operates in several scattered sites, offering a variety of services to assist those in need of finding permanent and temporary housing opportunities.
Official website here: www.steppingstoneinc.org
Who is the CEO of Steppingstone Inc?
Thomas Pasternak is the Exeutive Director/Clerk of Steppingstone Inc.
Official website here: www.steppingstoneinc.org
What is the revenue of Steppingstone Inc?
Steppingstone Inc's revenue in 2022 was $11,162,425.
Official website here: www.steppingstoneinc.org
Who are the executives of Steppingstone Inc and what are their salaries?
The average compensation at Steppingstone Inc during 2022 was $26,554. There are 252 employees and 10 volunteers at Steppingstone Inc.
Here are 12 key members and their salaries:
- Compensation: $198,447
- Related: $0
- Other: $26,962
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $120,303
- Related: $0
- Other: $7,311
- Compensation: $101,281
- Related: $0
- Other: $0
Official website here: www.steppingstoneinc.org
Where can I find the form 990 for Steppingstone Inc?
Steppingstone Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.steppingstoneinc.org
Learn more at the official website: www.steppingstoneinc.org
Mission Statement of Steppingstone Inc
Steppingstone Inc, a community-focused organization, is dedicated to enhancing the quality of life for individuals and families within its community. The organization achieves this by providing comprehensive, client-centered programs and services that promote well-being and encourage independence.
One of the key areas Steppingstone Inc focuses on is housing for the homeless. Through its Housing for Homeless division, the organization offers supportive services to disabled homeless and chronically homeless individuals and families. These services are provided across several scattered sites, enabling the organization to offer a variety of different services to those in need of permanent and temporary housing opportunities.
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Impact
June, 2024
Steppingstone Inc's impact can be seen in the positive changes it brings to individuals and families in the community. By providing supportive services to disabled homeless and chronic homeless individuals and families through their housing programs, Steppingstone Inc helps them find opportunities for permanent and temporary housing. This not only addresses the immediate need for shelter but also supports their well-being and independence. In doing so, Steppingstone Inc contributes to strengthening the quality of life in the community by offering comprehensive client-centered programs and services that promote mental health and overall well-being.
This information is meant to be a general summary of Steppingstone Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,606
- Program Service Revenue: $5,699,585
- Gross Receipts: $11,162,425
Assets and Liabilities:
- Total Assets: $5,321,166
- Total Liabilities: $759,428
- Net Assets: $4,561,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT/3RD PARTY FEES
Revenue
$4,978,987
MEDICAID/MEDICARE
Revenue
$720,598
Organization Details
Founding Year
1972
Phone
(508) 674-2788Principal Officer
Thomas Pasternak
Main Address
466 NORTH MAIN STREET, FALL RIVER, MA, 02720
Website
www.steppingstoneinc.orgNTEE Category
Code: F220 - Mental health
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