Overview
What is Next Step Network Inc?
Next Step Network Inc is a nonprofit organization situated in Louisville, Kentucky, dedicated to making sustainable homeownership accessible to all. Their mission involves transforming the manufactured housing industry by promoting consumer education, affordability, and energy efficiency. The organization operates through a social enterprise model, consisting of a nonprofit arm (Next Step Network) and a subsidiary (Next Step Homes). The nonprofit focuses on education, training, and advocacy, while Next Step Homes facilitates the purchase and sale of energy-efficient homes. By addressing issues such as lower-cost home access, energy efficiency, and long-term equity, Next Step Network aims to break cycles of poverty. In 2021, the organization participated in the DELA Programme, a global accelerator for socially driven initiatives, which influenced their five-year strategic plan to expand their impact nationwide. Additionally, Next Step Network joined the Underserved Mortgage Markets Coalition to better serve traditionally underserved housing markets, including manufactured housing.
Official website here: www.nextstepus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating.
Next Step Network Inc has received a commendable four-star rating from Charity Navigator, reflecting its strong performance in both accountability and finance, with a score of 96. The organization demonstrates fiscal responsibility, as indicated by a low liabilities to assets ratio of 16.07% and an impressive program expense ratio of 86.25%. These metrics signify a commitment to efficiently utilizing resources for its intended charitable purposes.
The charity excels in constituent engagement, achieving a perfect score of 100 in feedback collection, usage, and overall feedback. This indicates that Next Step Network Inc actively involves the community it serves in its decision-making processes, ensuring that the programs meet the needs of its constituents effectively. Furthermore, the organization has a robust culture and community score of 90, highlighting a positive internal environment and dedication to its mission.
However, while the organization showcases a strong commitment to equity strategies with a score of 85, there may still be room for improvement in this area. Overall, Next Step Network Inc stands out as a well-managed nonprofit with a dedication to transparency and community-oriented practices, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Next Step Network Inc legitimate?
Next Step Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Next Step Network 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: $298,007
Professional Fundraising Fees: $0
Other Salaries and Wages: $276,437
For more financial information, click here
Official website here: www.nextstepus.org
What is the mission statement of Next Step Network Inc?
Next Step Network Inc's mission is focused on making sustainable homeownership accessible to everyone while revolutionizing the manufactured housing industry. This is achieved through consumer education, affordability, and energy efficiency. The organization operates through a social enterprise model, consisting of a non-profit entity emphasizing education, training, and advocacy, and a subsidiary facilitating home purchases and sales. Next Step Network collaborates with private businesses to create more value for homebuyers, reducing construction costs, increasing production efficiency, and boosting long-term home appreciation. They also aid low-income homebuyers with educational resources and mortgage loan access. The Next Step Homes brand promises the highest quality and energy-efficiency standards available today. Their objectives include increasing home accessibility for those priced out of the market, reducing overall home ownership costs with Energy Star+ efficiency, and boosting equity and resale value to break intergenerational cycles of poverty.
Official website here: www.nextstepus.org
Who is the CEO of Next Step Network Inc?
Stacey Epperson is the President & of Next Step Network Inc.
Official website here: www.nextstepus.org
What is the revenue of Next Step Network Inc?
Next Step Network Inc's revenue in 2022 was $1,239,287.
Official website here: www.nextstepus.org
Who are the executives of Next Step Network Inc and what are their salaries?
The average compensation at Next Step Network Inc during 2022 was $71,806. There are 8 employees at Next Step Network Inc.
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Official website here: www.nextstepus.org
Where can I find the form 990 for Next Step Network Inc?
Next Step Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nextstepus.org
Learn more at the official website: www.nextstepus.org
Mission Statement of Next Step Network Inc
Next Step Network Inc, a nonprofit organization, is dedicated to making sustainable homeownership a reality for everyone, while revolutionizing the manufactured housing industry. They achieve this through consumer education, affordability, and energy-efficiency. The mission of Next Step Network Inc is to make sustainable homeownership accessible to all, while simultaneously transforming the manufactured housing industry.
The organization operates on a social enterprise model, which includes a nonprofit arm focused on education, training, and advocacy, and a subsidiary that facilitates the purchase and sale of homes from manufacturers. This collaboration between social enterprise and private business aims to provide more value to homebuyers than one actor could alone. For over a decade, Next Step Network Inc has trained nonprofit organizations and mission-driven entities on the Manufactured Housing Done Right model, enabling them to reduce construction costs, increase production efficiencies, and increase the long-term appreciation of their homes.
In addition to educating low-income homebuyers, Next Step Network Inc ensures that their homes meet the highest quality and energy-efficiency standards available today through their brand, Next Step Homes. This triple approach aims to address three main issues for homebuyers: increasing access to a lower-cost home for those locked out of the market, reducing the overall operating cost of homeownership through energy-star+ efficiency, and increasing equity and resale value, helping to break intergenerational cycles of poverty. In 2021, Next Step Network Inc completed participation in the DELA Programme, a global accelerator for scaling socially driven initiatives, which further informed their five-year strategic plan to expand their impact in communities nationwide.
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Impact
July, 2024
Next Step Network Inc's impact is far-reaching and significant. By focusing on putting sustainable homeownership within reach of everyone and transforming the manufactured housing industry through consumer education, affordability, and energy-efficiency, they are addressing key challenges in the housing sector. Their social enterprise model, which combines education, training, advocacy, and home sales, creates value for homebuyers and manufacturers alike.
Through their efforts, Next Step Network Inc has trained organizations and entities on the "manufactured housing done right" model, leading to reduced construction costs, increased production efficiencies, and higher long-term appreciation of homes. They also support low-income homebuyers with education and access to quality mortgage loans, improving financial inclusion and stability for these individuals.
By prioritizing high-quality and energy-efficient homes, Next Step Homes is providing solutions to key issues faced by homebuyers, such as increased access to affordable housing, lower operating costs through energy-efficient features, and higher equity and resale value. This not only benefits individual homebuyers but also helps break intergenerational cycles of poverty by creating opportunities for wealth accumulation and stability.
Additionally, Next Step Network Inc's participation in programs like the DELA Programme and joining the Underserved Mortgage Markets Coalition demonstrate their commitment to scaling their impact and collaborating with other organizations to better serve traditionally underserved housing markets, including manufactured housing. Through these initiatives, Next Step is actively working towards creating systemic change and expanding their influence to communities nationwide.
This information is meant to be a general summary of Next Step Network 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.
- Program Service Revenue: $351,756
- Gross Receipts: $1,239,287
Assets and Liabilities:
- Total Assets: $1,952,736
- Total Liabilities: $463,662
- Net Assets: $1,489,074
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT SPONSORED ENTITY
Revenue
$261,256
CONTRACT REVENUES
Revenue
$88,000
MANUFACTURER COMMISSIONS
Revenue
$2,500
Organization Details
Founding Year
2011
Phone
(502) 694-1979Principal Officer
Stacey Epperson
Main Address
1287 ROYAL AVENUE, LOUISVILLE, KY, 40204
Website
www.nextstepus.orgNTEE Category
Code: L20 - Housing
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