Overview
What is Stepping Stone Communities Inc?
Stepping Stone Communities Inc, operating under the name Trailhead Community, is a nonprofit organization situated in Littleton, Colorado. Their primary focus is to provide affordable housing, with an 80-unit apartment building for adults with and without developmental disabilities in the works. The construction cost of living in this building is planned to be 80% or less of the current market rates. As of December 27, 2022, groundbreaking has been completed, and the foundation is near completion, with an anticipated opening for occupancy in 2024. The organization's mission is to create affordable homes, making a significant contribution to the community by providing comfortable living spaces for individuals with developmental disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35% (Zero-Star out of Four Star rating)
Stepping Stone Communities Inc has received a low rating on Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board, which is a positive aspect, it fails to provide essential financial statements and has a high liabilities-to-assets ratio of 71.28%. This suggests potential financial instability, raising questions about its operational effectiveness.
The organization does have some strengths, including a conflict of interest policy and a documented retention and destruction policy. Additionally, it has been noted that there have been no material diversions of assets, highlighting a commitment to ethical governance. However, the absence of a whistleblower policy and missing documentation on its website further undermines its accountability.
Overall, the lack of financial transparency and the missing critical documents highlight significant limitations for Stepping Stone Communities Inc. Prospective donors and supporters may want to exercise caution and seek more information before contributing to the organization, as the current ratings and findings suggest potential issues regarding its fiscal health and operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Stepping Stone Communities Inc legitimate?
Stepping Stone Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stepping Stone Communities 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: $230
Other Salaries and Wages: $0
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What is the mission statement of Stepping Stone Communities Inc?
Stepping Stone Communities Inc is committed to providing affordable housing solutions. As part of its mission, the organization is currently constructing an 80-unit apartment building, scheduled to open in 2024. This building will cater to adults with and without developmental disabilities, with the cost of living set to be 80% or less than current market rates. As of December 2022, the groundbreaking has been completed, and the foundation is 80% complete. The long-term objective of Stepping Stone Communities Inc is to make this building available for occupation in 2024.
Who is the CEO of Stepping Stone Communities Inc?
Barbara Ziegler is the Executive Director of Stepping Stone Communities Inc.
What is the revenue of Stepping Stone Communities Inc?
Stepping Stone Communities Inc's revenue in 2022 was $913,513.
Who are the executives of Stepping Stone Communities Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Stepping Stone Communities Inc?
Stepping Stone Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stepping Stone Communities Inc
Stepping Stone Communities Inc is dedicated to creating affordable living spaces for individuals, with a notable project underway. This nonprofit organization is currently focusing on constructing an 80-unit apartment building, scheduled to be completed and open for occupation in 2024. The purpose of this project is to provide housing that will cost 80% or less than the current market rates. As of December 27, 2022, the groundbreaking ceremony has been held, and the foundation for the building is 80% complete. The long-term objective of Stepping Stone Communities Inc is to provide affordable housing options for adults with and without developmental disabilities, contributing to their overall well-being and quality of life.
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Impact
July, 2024
Stepping Stone Communities Inc is making a significant impact by creating affordable housing options for adults with and without developmental disabilities. The organization's current program focuses on building an 80-unit apartment building in Littleton, CO, with the goal of offering living costs that are 80% or less of the current market rates. This initiative is crucial for providing accessible housing options to a demographic that often faces challenges in finding suitable accommodations. With the construction progress underway and plans to open the building for occupancy in 2024, Stepping Stone Communities Inc is not only addressing a pressing need in the community but also working towards creating a more inclusive and supportive environment for individuals with developmental disabilities.
This information is meant to be a general summary of Stepping Stone Communities 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: $3,925
- Program Service Revenue: -$116,306
- Gross Receipts: $957,551
Assets and Liabilities:
- Total Assets: $7,897,461
- Total Liabilities: $5,629,694
- Net Assets: $2,267,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Condo Sale Deposits
Revenue
$272,638
Condo Sale Dep - prior
Revenue
-$388,944
Organization Details
Founding Year
2015
Principal Officer
Barbara Ziegler
Main Address
11757 W Ken Caryl Ave Suite F-426, Littleton, CO, 80127
NTEE Category
Code: L11 - Housing
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