Overview
What is Steppingstone Realty Holdings Inc?
Steppingstone Realty Holdings Inc is a corporation situated in Fall River, Massachusetts, with an address at 466 North Main Street, 02720. Its primary function is to serve as a title holder for real estate leased to Steppingstone, Inc., a nonprofit organization exempt from federal income tax under section 501(C)(3) of the United States Internal Revenue Code. This corporation collects income from the leased property and subsequently transfers the entire amount, minus any expenses, to the aforementioned tax-exempt organization. Essentially, Steppingstone Realty Holdings Inc serves to facilitate the property-related needs of Steppingstone, Inc.
Official website here: www.steppingstoneinc.org
Is Steppingstone Realty Holdings Inc legitimate?
Steppingstone Realty Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Steppingstone Realty Holdings 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.steppingstoneinc.org
What is the mission statement of Steppingstone Realty Holdings Inc?
Steppingstone Realty Holdings Inc's primary role is to serve as a title holder for real estate property. The organization collects income from this property and subsequently transfers the majority of the earnings, after deducting expenses, to a 501(c)(3) entity that is exempt from taxation under the United States Internal Revenue Code. The main objective of Steppingstone Realty Holdings Inc is to maintain the title to the real estate that is leased to Steppingstone, Inc, a non-profit organization. This arrangement allows the leased property to contribute to the charitable activities of Steppingstone, Inc.
Official website here: www.steppingstoneinc.org
What is the revenue of Steppingstone Realty Holdings Inc?
Steppingstone Realty Holdings Inc's revenue in 2024 was $440,700.
Official website here: www.steppingstoneinc.org
Who are the executives of Steppingstone Realty Holdings Inc and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $240,324
- Other: $24,806
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- Related: $234,314
- Other: $1,432
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- Related: $191,106
- Other: $18,962
- Compensation: $0
- Related: $162,354
- Other: $7,342
Official website here: www.steppingstoneinc.org
Where can I find the form 990 for Steppingstone Realty Holdings Inc?
Steppingstone Realty Holdings Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.steppingstoneinc.org
Learn more at the official website: www.steppingstoneinc.org
Mission Statement of Steppingstone Realty Holdings Inc
Steppingstone Realty Holdings Inc, as a corporation, has a unique mission. Its sole purpose is to hold the title to real estate that is leased to Steppingstone, Inc., a nonprofit organization exempt from taxation under Section 501(C)(3) of the United States Internal Revenue Code. The corporation collects income from this property and subsequently transfers the entire amount, less any expenses, to this exempt organization. In essence, Steppingstone Realty Holdings Inc acts as a trusted intermediary, ensuring that the financial benefits derived from the leased property are channeled towards supporting the charitable activities of Steppingstone, Inc. This arrangement allows the nonprofit organization to focus on its mission without the burden of property management and maintenance.
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Impact
October, 2024
Steppingstone Realty Holdings Inc plays a crucial role in facilitating community improvement through its strategic management of real estate assets. By holding title to properties leased to Steppingstone, Inc., it ensures the effective operation and sustainability of programs designed to support local individuals and families in need.
The organization collects income from these properties, which is then reinvested back into the community by being allocated to the programs of the 501(c)(3) organization. This cyclical financial support enables a strong infrastructure for housing and services, promoting stability and growth in Fall River, MA.
Furthermore, the focus on real estate management allows for long-term planning and investment in the community, fostering resilience and aiding in the development of vital resources. Overall, Steppingstone Realty Holdings Inc significantly bolsters the mission of its affiliated organization, enhancing the overall quality of life for residents and contributing to the broader goals of community improvement.
This information is meant to be a general summary of Steppingstone Realty Holdings 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 2024.
- Investment Income: $34,691
- Gross Receipts: $440,700
Assets and Liabilities:
- Total Assets: $5,096,023
- Total Liabilities: $4,735,879
- Net Assets: $360,144
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Organization Details
Founding Year
1997
Principal Officer
Daniel Abraham
Website
www.steppingstoneinc.orgNTEE Category
Code: S47 - Community improvement
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