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Stability First INC

Tax-deductible

Martinsville, IN501(c)(3)Housing EIN 47-4429844Revenue $2.4M in FY2024

On file with the IRSstabilit-first.com210 W Morgan St, 46151-1481 · Martinsville, INTax-exempt since Feb 2017Publicly supported charity — 170(b)(1)(A)(vi)

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To provide assistance and education to address poverty issues by providing temporary housing and services to primarily low income individuals and families.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 60 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $447K a year · 47% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$328K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+197% vs prior year
Spent
$730K
To programs
79%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$2.4M
FY2024▲ +197%
Tap a bar for its year
Revenue by fiscal year
FY2020$558K
FY2021$559K
FY2022$497K
FY2023$799K
FY2024$2.4M
Expenses
$730K
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$331K
FY2021$417K
FY2022$512K
FY2023$562K
FY2024$730K
Net assets
$2.6M
FY2024▲ +173%
Tap a bar for its year
Net assets by fiscal year
FY2020$770K
FY2021$880K
FY2022$696K
FY2023$949K
FY2024$2.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $580K Management & general 17% · $122K Fundraising 4% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Dan Moore
Immediate Past Chairman
$0Pt VII · Sec A
Sam Willard
Treasurer
$0Pt VII · Sec A
Leisa English
Secretary
$0Pt VII · Sec A
Jennifer Mock
Board Member
$0Pt VII · Sec A
Justin Clements
Board Member
$0Pt VII · Sec A
Lisa Bowling
Board Member
$0Pt VII · Sec A
Maribeth Poalson
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Stability First INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers temporary housing and services to help low-income individuals and families overcome poverty.

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Provided by the organization

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1 program · $580K · in their own filed words · FY2024
01

To help those trapped in poverty so they could be equipped with the tools to work their way toward stability and prosperity. Through review of the current community services and needs, gaps in community services were identified.

$580Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Community Foundation of Morgan County INCFY2025$30K
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$41K
Fees for servicesLn 2g$22K
Money outPt IX
$730K
Ln 25
Programscol B$580K
Managementcol C$122K
Fundraisingcol D$28K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$692K
Total assetsLn 16$2.9M
LiabilitiesLn 26$328K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$841K
Noncash giftsLn 1g$6K
Fees for servicesLn 2g$22K
Investment incomeLn 3$85
Other incomeLn 4–11$41K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$692K
Cash and savings togetherLn 1–2$692K
Land, buildings, equipmentLn 10c$1.9M
Total assetsLn 16$2.9M
LiabilitiesLn 26$328K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$368K$692K
Land, buildings, equipmentLn 10c$593K$1.9M
Total assetsLn 16$967K$2.9M
LiabilitiesLn 26$18K$328K
Net assetsLn 32$949K$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$437K$383K$49K$5K
Payroll taxesLn 10$34K$30K$4K$396
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$26K$8K$18K
Advertising and promotionLn 12$35K$17K$18K
Office expensesLn 13$15K$15K
OccupancyLn 16$35K$32K$4K
Depreciation, depletion and amortizationLn 22$19K$17K$2K
InsuranceLn 23$12K$10K$2K
Other expenses (24a–d)Ln 24$82K$68K$9K$4K
All other expensesLn 24e$17K$15K$3K
Total functional expensesLn 25$730K$580K$122K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.4M$730K$1.6M$2.6M 990 PDF
FY2023 $799K$562K$237K$949K 990 PDF
FY2022 $497K$512K−$15K$696K 990 PDF
FY2021 $559K$417K$142K$880K 990 PDF
FY2020 $558K$331K$227K$770K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,374,010 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $735,102$2,310,264
I-9 Program service revenuePrior year $7,282$22,177
I-10 Investment incomePrior year $88$85
I-11 Other revenuePrior year $56,293$41,484
I-12 Total revenuePrior year $798,765$2,374,010
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $296,970$470,711
I-16a Professional fundraising feesPrior year $44,000$0
I-17 Other expensesPrior year $221,040$258,856
I-18 Total expensesPrior year $562,010$729,567
I-19 Revenue less expensesPrior year $236,755$1,644,443
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,374,010 across 10 lines filed
VIII-1a Federated campaigns$501,793
VIII-1e Government grants$840,943
VIII-1f All other contributions, gifts and grants$967,528
VIII-1g Noncash contributions (included above)$6,372
VIII-1h Total contributions, gifts and grants$2,310,264
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,177$22,177
VIII-3 Investment incomeExcluded from tax $85$85
VIII-8 Net income from fundraising eventsExcluded from tax $22,353$22,353
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,131$19,131
VIII-12 Total revenueRelated to mission $41,308 · Unrelated business $0 · Excluded from tax $22,438$2,374,010
Part IX · Statement of functional expenses $729,567 across 11 lines filed
IX-7 Other salaries and wagesPrograms $382,971 · Management $48,589 · Fundraising $5,079$436,639
IX-10 Payroll taxesPrograms $29,884 · Management $3,792 · Fundraising $396$34,072
IX-11c Accounting feesManagement $17,500$17,500
IX-11g Other fees for servicesPrograms $8,450 · Management $17,858$26,308
IX-12 Advertising and promotionPrograms $16,921 · Fundraising $17,693$34,614
IX-13 Office expensesManagement $15,033$15,033
IX-16 OccupancyPrograms $31,661 · Management $3,518$35,179
IX-22 Depreciation, depletion and amortizationPrograms $16,994 · Management $1,888$18,882
IX-23 InsurancePrograms $10,359 · Management $1,828$12,187
IX-24 Other expenses (24a–d)Programs $68,010 · Management $9,426 · Fundraising $4,342$81,778
IX-24e All other expensesPrograms $14,503 · Management $2,872$17,375
IX-25 Total functional expensesPrograms $579,753 · Management $122,304 · Fundraising $27,510$729,567
Part X · Balance sheet $2,920,870 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $367,666$692,155
X-3 Pledges and grants receivable$287,943
X-8 Inventories for sale or useStart of year $5,898$3,807
X-10c Land, buildings and equipment, netStart of year $593,007$1,936,965
X-16 Total assetsStart of year $966,571$2,920,870
X-17 Accounts payable and accrued expensesStart of year $3,525$298,010
X-25 Other liabilitiesStart of year $14,536$29,907
X-26 Total liabilitiesStart of year $18,061$327,917
X-27 Net assets without donor restrictionsStart of year $636,522$1,850,000
X-28 Net assets with donor restrictionsStart of year $311,988$742,953
X-32 Total net assets or fund balancesStart of year $948,510$2,592,953
X-33 Total liabilities and net assetsStart of year $966,571$2,920,870
Part XI · Reconciliation of net assets $2,592,953 net assets at year end
XI-1 Total revenue$2,374,010
XI-2 Total expenses$729,567
XI-3 Revenue less expenses$1,644,443
XI-4 Net assets at start of year$948,510
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,592,953

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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