Overview
What is Next Step Housing Inc?
Next Step Housing Inc, established in 1997, is a nonprofit organization based in Gaithersburg, Maryland. Its primary mission is to provide affordable housing for individuals with disabilities, in compliance with Section 811 of the National Affordable Housing Act. The organization owns and operates 12 housing units specifically designed for this population, receiving support under the provisions of this act. The U.S. Department of Housing and Urban Development regulates these projects, ensuring adherence to rental charges and operational methods.
Is Next Step Housing Inc legitimate?
Next Step Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Next Step 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Next Step Housing Inc?
Next Step Housing Inc, as a corporation, is committed to providing affordable housing for individuals with disabilities. This mission aligns with Section 811 of the National Affordable Housing Act. The organization acquires, develops, and operates housing facilities, ensuring that they cater to the needs of people with disabilities. Their projects are subject to regulations by the U.S. Department of Housing and Urban Development, which oversees rent charges and operating methods to maintain affordability and accessibility. The primary goal is to make housing an inclusive and equitable living option for individuals with disabilities, thereby enhancing their quality of life.
Who is the CEO of Next Step Housing Inc?
Sarah Norman is the Vice President of Next Step Housing Inc.
What is the revenue of Next Step Housing Inc?
Next Step Housing Inc's revenue in 2022 was $81,981.
Who are the executives of Next Step Housing Inc and what are their salaries?
There 5 volunteers at Next Step Housing Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $451,063
- Other: $25,617
Where can I find the form 990 for Next Step Housing Inc?
Next Step Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Next Step Housing Inc
Next Step Housing Inc, established in 1997, is committed to providing affordable housing for individuals with disabilities, in alignment with Section 811 of the National Affordable Housing Act. With this mission, the organization aims to acquire, develop, and operate housing facilities that cater specifically to this population. The projects undertaken by Next Step Housing Inc are regulated by the U.S. Department of Housing and Urban Development, ensuring their compliance with guidelines regarding rent charges and operating methods. The primary goal of Next Step Housing Inc is to provide a safe and affordable living space for persons with disabilities, enabling them to live independently and with dignity.
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Impact
October, 2024
Next Step Housing Inc significantly impacts the lives of persons with disabilities by providing affordable housing tailored to their needs. Established in February 1997, it operates 12 housing units in Maryland, specifically designed to create accessible and supportive living environments. By adhering to Section 811 of the National Affordable Housing Act, the organization ensures that the housing options are not only affordable but also comply with regulations established by the U.S. Department of Housing and Urban Development. This support helps individuals with disabilities secure stable, independent living arrangements, enhancing their quality of life and promoting greater community integration. The focus on providing safe and affordable housing contributes to the overall well-being and empowerment of residents, allowing them to thrive in their homes and participate fully in their communities.
This information is meant to be a general summary of Next Step 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 2022.
- Investment Income: $78
- Program Service Revenue: $34,980
- Gross Receipts: $81,981
Assets and Liabilities:
- Total Assets: $538,608
- Total Liabilities: $1,095,835
- Net Assets: -$557,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$34,980
Organization Details
Founding Year
1997
Phone
(301) 840-2000Principal Officer
Sarah Norman
Main Address
610 EAST DIAMOND AVE 100, GAITHERSBURG, MD, 20877
NTEE Category
Code: L20Z - Housing
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