Overview
What is Saint Stephens Way Inc?
Saint Stephen's Way Inc is a nonprofit organization dedicated to assisting homeless families in Brevard County. They offer affordable housing as a primary solution, but their mission goes beyond just providing shelter. Saint Stephen's Way collaborates with the Brevard school system to refer eligible families in need. Alongside housing, they provide essential supportive services to help these families regain stability and independence. These services may include counseling, job assistance, and other resources tailored to meet each family's unique needs. By offering both housing and supportive services, Saint Stephen's Way aims to break the cycle of homelessness and improve the lives of vulnerable families in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
Saint Stephens Way Inc has received a score of 74%, which indicates a moderate level of accountability and financial health. The rating is solely based on the Accountability & Finance beacon, highlighting the organization's commitment to transparency and proper financial management. The charity has maintained a majority of independent board members, showcasing a strong governance structure.
The organization demonstrates several strengths, including a perfect score for board independence and a low liabilities to assets ratio of 0.08%, which reflects strong financial stability. Additionally, they have received full points for their financial statements being reviewed or compiled, indicating robust financial oversight. Notably, the program expense ratio stands at 63.39%, suggesting that a significant portion of their funds is directed toward programs rather than administrative costs.
However, the overall rating of two stars signifies that there may be areas for improvement, particularly in enhancing their program expense ratio, which could help in raising their overall score. While Saint Stephens Way Inc shows strong accountability practices, prospective donors may want to consider these factors when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Stephens Way Inc legitimate?
Saint Stephens Way Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Stephens Way 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: $53,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Saint Stephens Way Inc?
Saint Stephen's Way Inc. is committed to offering affordable housing and essential support services to families experiencing homelessness, who are referred by the Brevard School System. Their mission is to provide a safe and stable living environment, coupled with necessary assistance, to help these families regain their footing and rebuild their lives. The organization's primary goal is to facilitate the reintegration of these families into their communities, ensuring they have the necessary resources and support to thrive. By offering affordable housing and supportive services, Saint Stephen's Way Inc. aims to foster a sense of hope and empowerment among the families they serve, ultimately contributing to their overall well-being and success.
Who is the CEO of Saint Stephens Way Inc?
Eddie Struttmann is the President of Saint Stephens Way Inc.
What is the revenue of Saint Stephens Way Inc?
Saint Stephens Way Inc's revenue in 2021 was $788,704.
Who are the executives of Saint Stephens Way Inc and what are their salaries?
The average compensation at Saint Stephens Way Inc during 2021 was $53,826. There is 1 employee and 1 volunteer at Saint Stephens Way Inc.
Here are 11 key members and their salaries:
- Compensation: $50,004
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Where can I find the form 990 for Saint Stephens Way Inc?
Saint Stephens Way Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Saint Stephens Way Inc
Saint Stephen's Way Inc, as a nonprofit organization, is dedicated to providing affordable housing and supportive services to families who are homeless and have been referred by the Brevard School System. This mission is twofold; firstly, the organization offers affordable housing, providing a safe and secure living environment for these families. Secondly, Saint Stephen's Way Inc extends its support beyond just housing, offering a range of services designed to aid these families in rebuilding their lives. By referring families from the Brevard School System, the organization is able to identify those in most need and provide them with the necessary resources to overcome their homelessness.
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Impact
July, 2024
Saint Stephens Way Inc's impact lies in its provision of affordable housing along with supportive services to homeless families referred by the Brevard School System in Melbourne, FL. By offering stable housing and essential services, Saint Stephens Way Inc plays a crucial role in helping homeless families transition to a more secure and stable living situation. This impact extends beyond just providing shelter, as it contributes to the well-being and stability of these families, ultimately helping them rebuild their lives and work towards a brighter future.
This information is meant to be a general summary of Saint Stephens Way 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 2021.
- Investment Income: $97
- Program Service Revenue: $5
- Gross Receipts: $788,704
Assets and Liabilities:
- Total Assets: $2,261,295
- Total Liabilities: $1,981
- Net Assets: $2,259,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Master Plan Rent
Revenue
$5
Organization Details
Founding Year
2016
Principal Officer
Eddie Struttmann
Main Address
2310 Lipscomb Street, MELBOURNE, FL, 32901
NTEE Category
Code: L20 - Housing
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