Overview
What is Stepping Stone Housing Inc?
Stepping Stone Housing Inc is a nonprofit organization situated in Damariscotta, Maine. Their primary mission is to provide affordable housing for individuals with low income, serving approximately 30 residents annually. The organization is currently planning to expand its existing properties to accommodate more people. Stepping Stone Housing Inc is committed to enhancing the living conditions of Lincoln County's residents, working towards capacity building and community development.
Official website here: www.steppingstonehousing.org
Is Stepping Stone Housing Inc legitimate?
Stepping Stone Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stepping Stone Housing 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:
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Other Salaries and Wages: $5,760
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Official website here: www.steppingstonehousing.org
What is the mission statement of Stepping Stone Housing Inc?
Stepping Stone Housing Inc's mission is centered around providing low-income housing for individuals in need. The organization is committed to serving this population, as evident by the approximately 30 people they housed during the year. In addition, Stepping Stone Housing Inc has plans for further development of their existing properties to accommodate more individuals. They are also involved in capacity building efforts to expand their ability to serve a larger number of people in the future.
Official website here: www.steppingstonehousing.org
What is the revenue of Stepping Stone Housing Inc?
Stepping Stone Housing Inc's revenue in 2024 was $430,550.
Official website here: www.steppingstonehousing.org
Who are the executives of Stepping Stone Housing Inc and what are their salaries?
The average compensation at Stepping Stone Housing Inc during 2024 was $1,920. There are 3 employees and 23 volunteers at Stepping Stone Housing Inc.
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Official website here: www.steppingstonehousing.org
Where can I find the form 990 for Stepping Stone Housing Inc?
Stepping Stone Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.steppingstonehousing.org
Learn more at the official website: www.steppingstonehousing.org
Mission Statement of Stepping Stone Housing Inc
Stepping Stone Housing Inc, a dedicated nonprofit organization, is committed to providing low-income housing solutions for individuals residing in Lincoln County, Maine. The core mission of this organization is to offer affordable housing options, aiming to enhance the living conditions of those in need. Throughout the year, Stepping Stone Housing Inc has successfully housed approximately 30 people, demonstrating its dedication to its mission. Looking ahead, the organization has plans to further develop its existing properties to accommodate an even larger number of individuals. The team at Stepping Stone Housing Inc is also actively engaged in capacity building, aiming to expand its reach and serve more people in the future.
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Impact
October, 2024
Stepping Stone Housing Inc significantly impacts the residents of Lincoln County, Maine, by providing essential low-income housing. Over the past year, the organization has offered stable housing solutions to approximately 30 individuals, addressing a critical need in the community.
In addition to its current housing offerings, Stepping Stone Housing is actively engaged in planning and capacity building to enhance its services. This commitment aims to develop existing properties further, which will increase their ability to assist even more residents in the future. The continued focus on expanding their reach signifies a proactive approach to tackling housing insecurity in the area, thereby fostering stronger, more resilient communities within Lincoln County.
This information is meant to be a general summary of Stepping Stone Housing 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: $636
- Program Service Revenue: $84,608
- Gross Receipts: $430,550
Assets and Liabilities:
- Total Assets: $1,415,210
- Total Liabilities: $464,831
- Net Assets: $950,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$81,208
RENTAL INCOME
Revenue
$3,400
Organization Details
Founding Year
2013
Principal Officer
Bruce A Bachelder
Website
www.steppingstonehousing.orgNTEE Category
Code: L40 - Housing
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