Overview
What is Stability First Inc?
Stability First Inc, located in Martinsville, Indiana, is a nonprofit organization dedicated to aiding individuals and families struggling with poverty. Their mission is to equip those in need with the necessary tools to transition from poverty towards stability and prosperity. By assessing the current community services and identifying gaps, they have focused on providing temporary housing and support to primarily low-income individuals. These services include shelter for homeless women without dependent children and transitional housing for men who have overcome the issues leading to their homelessness. With a small team of 13 employees, Stability First Inc is committed to making a significant impact in their community.
Official website here: www.stabilit-first.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Stability First Inc has garnered a commendable rating of 97%, reflecting its robust accountability and finance practices. This score, which qualifies the organization for a Four-Star status, signals a high level of trustworthiness in its financial management and transparency. The evaluation is founded solely on the accountability and finance beacon, underscoring the importance of these aspects in the organization’s operations.
The organization demonstrates exceptional governance with an entirely independent board, consisting of 14 members, scoring a perfect 10 out of 10 points in this area. Additionally, Stability First has shown no material diversion of assets, and it maintains a strong program expense ratio of 96.61%, indicating that the vast majority of its funding goes directly to programs rather than overhead. The presence of comprehensive policies related to conflict of interest, whistleblowing, and document retention further reinforces its commitment to accountability.
While the data highlights significant strengths, there are no noted limitations within the feedback regarding Stability First. The organization appears to operate with a high degree of integrity and efficiency, which is vital for nonprofits aiming to maximize their impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Stability First Inc legitimate?
Stability First Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stability First 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: $279,527
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.stabilit-first.com
What is the mission statement of Stability First Inc?
Stability First Inc is committed to addressing poverty issues by providing assistance and education. Their primary focus is on offering temporary housing and services to low-income individuals and families. The organization aims to help those trapped in poverty, equipping them with the necessary tools to work towards stability and prosperity. By reviewing the current community services and identifying gaps, Stability First Inc has filled the need for shelter for homeless women without dependent children and transitional housing for men who have successfully overcome the issues leading to their homelessness.
Official website here: www.stabilit-first.com
Who is the CEO of Stability First Inc?
Nathan Janssen is the Vice President of Stability First Inc.
Official website here: www.stabilit-first.com
What is the revenue of Stability First Inc?
Stability First Inc's revenue in 2022 was $497,046.
Official website here: www.stabilit-first.com
Who are the executives of Stability First Inc and what are their salaries?
The average compensation at Stability First Inc during 2022 was $21,502. There are 13 employees at Stability First Inc.
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Official website here: www.stabilit-first.com
Where can I find the form 990 for Stability First Inc?
Stability First Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stabilit-first.com
Learn more at the official website: www.stabilit-first.com
Mission Statement of Stability First Inc
Stability First Inc, a nonprofit organization, is committed to providing assistance and education to address poverty issues. Their primary mission is to offer temporary housing and services to primarily low-income individuals and families. The goal is to help those trapped in poverty, equipping them with the necessary tools to work towards stability and prosperity.
Upon evaluating the current community services and needs, Stability First Inc identified gaps in community services. These gaps included the lack of shelter for homeless women without dependent children in their care and the need for transitional housing for men who have successfully overcome the issues that led to their homelessness. By addressing these gaps, Stability First Inc aims to provide a comprehensive solution to poverty, offering a pathway towards stability and self-sufficiency for those in need.
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Impact
July, 2024
Stability First Inc's impact is profound in the community of Martinsville, IN. By providing temporary housing and services to primarily low-income individuals and families, this organization is instrumental in helping those trapped in poverty. Their mission to equip individuals with the tools to work towards stability and prosperity addresses crucial gaps in community services, such as shelter for homeless women without dependent children and transitional housing for men who have overcome homelessness. Through their focused efforts, Stability First Inc is making a tangible difference in the lives of those in need by offering a pathway out of poverty and towards a more secure future.
This information is meant to be a general summary of Stability First 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: $6,962
- Program Service Revenue: $17,267
- Gross Receipts: $497,046
Assets and Liabilities:
- Total Assets: $777,659
- Total Liabilities: $81,614
- Net Assets: $696,045
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAGDALEN HOUSE DONATION
Revenue
$17,267
Organization Details
Founding Year
2015
Principal Officer
Nathan Janssen
Main Address
PO BOX 1452, MARTINSVILLE, IN, 46151
Website
www.stabilit-first.comNTEE Category
Code: L41 - Housing
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