Next Step Housing INC

Tax-deductible

Gaithersburg, MD501(c)(3)HousingEIN 52-2023197

To provide affordable housing to persons with disabilities under section 811 of the national affordable housing act.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 5 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
0 of 4
filings with a surplus
Average deficit $51K a year · 58% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Liabilities
$1.2M
245% of total assets
Concern: liabilities are 245% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$137K
+28% vs prior year
Spent
$212K
To programs
67%
Net assets
−$723K
By yearFY2020–FY2024
Revenue
$137K
FY2024▲ +28%
Revenue by fiscal year
FY2020$86K
FY2021$84K
FY2022$82K
FY2023$100K
FY2024$108K
FY2024$137K
Expenses
$212K
FY2024▲ +44%
Expenses by fiscal year
FY2020$139K
FY2021$127K
FY2022$141K
FY2023$148K
FY2024Not on file
FY2024$212K
Net assets
−$723K
FY2024▼ -12%
Net assets by fiscal year
FY2020−$455K
FY2021−$498K
FY2022−$557K
FY2023−$605K
FY2024−$648K
FY2024−$723K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1997.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $143K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
SVP & CFO
$0Pt VII · Sec A
Chief, Community Dev. Thru 08/18/24
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Next Step Housing INC executive salaries →

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Programs and updates

Offers affordable housing to people with disabilities.

Provided by the organization

This section is blank until Next Step Housing INC claims this page.

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1 program service account for $113K of program spending, described in the organization's own filed words · FY2022.
01

Next step housing, inc. Is a corporation organized in february 1997 for the purpose of acquiring, developing and operating housing and related facilities which consist of 12 units located in maryland for persons with disabilities. The entity receives assistance under provisions of section 811 of the national affordable housing act.

$113Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$137K
Ln 12
Other incomeLn 4–11$137K
Money outPt IX
$212K
Ln 25
Programscol B$143K
Owns and owesPt X
−$723K
net assets · Ln 32
Total assetsLn 16$498K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$137K
Total revenueLn 12$137K
Assets in detailPt X, end of year
Total assetsLn 16$498K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$723K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $108K−$648K 990 PDF
FY2023 $100K$148K−$48K−$605K 990 PDF
FY2022 $82K$141K−$59K−$557K 990 PDF
FY2021 $84K$127K−$43K−$498K 990 PDF
FY2020 $86K$139K−$53K−$455K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

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

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