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Next Step Housing INC FY2021 filing

Tax-deductible

Gaithersburg, MD501(c)(3)HousingEIN 52-2023197Revenue $84K in FY2021

On file with the IRS610 E Diamond Ave Ste 100, 20877-5321 · Gaithersburg, MDTax-exempt since Jul 1997Publicly supported charity — 170(b)(1)(A)(vi)

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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.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $56K a year · 57% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
187% of total assets
Concern: liabilities are 187% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$84K
-3% vs prior year
Spent
$127K
To programs
75%
Net assets
−$498K
By yearFY2020–FY2025
Revenue
$84K
FY2021▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$86K
FY2021$84K
FY2022$82K
FY2023$100K
FY2024$108K
FY2025$137K
Expenses
$127K
FY2021▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$139K
FY2021$127K
FY2022$141K
FY2023$148K
FY2024Not on file
FY2025$212K
Net assets
−$498K
FY2021▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$455K
FY2021−$498K
FY2022−$557K
FY2023−$605K
FY2024−$648K
FY2025−$723K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1997.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $95K Management & general 25% · $32K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Robert Hall
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
David Weiss
Director
$0Pt VII · Sec A
Sarah Norman
President
$0Pt VII · Sec A
Mark Lawrence
Treasurer/Secretary
$0Pt VII · Sec A
See Next Step Housing 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 affordable housing to people with disabilities.

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Provided by the organization

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1 program · $95K · in their own filed words · FY2020
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.

$95Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$84K
Ln 12
Fees for servicesLn 2g$81K
Other incomeLn 4–11$2K
Investment incomeLn 3$99
Money outPt IX
$127K
Ln 25
Programscol B$95K
Managementcol C$32K
Owns and owesPt X
−$498K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$573K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$81K
Investment incomeLn 3$99
Other incomeLn 4–11$2K
Total revenueLn 12$84K
Assets in detailPt X, end of year
CashLn 1$106
SavingsLn 2$68K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$493K
Other assetsLn 15$610
Total assetsLn 16$573K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$498K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$62K$68K
Land, buildings, equipmentLn 10c$522K$493K
Total assetsLn 16$589K$573K
LiabilitiesLn 26$1.0M$1.1M
Net assetsLn 32−$455K−$498K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Accounting feesLn 11c$15K$15K
Office expensesLn 13$9K$9K
OccupancyLn 16$25K$25K
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$33K$33K$72
Total functional expensesLn 25$127K$95K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $137K$212K−$75K−$723K 990 PDF
FY2024 $108K−$648K 990 PDF
FY2023 $100K$148K−$48K−$605K 990 PDF
FY2022 $82K$141K−$59K−$557K 990 PDF
FY2021 Viewing $84K$127K−$43K−$498K 990 PDF
FY2020 $86K$139K−$53K−$455K 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 FY2021 990 (6 parts)
Part I · Summary $83,664 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $82,793$81,085
I-10 Investment incomePrior year $96$99
I-11 Other revenuePrior year $3,108$2,480
I-12 Total revenuePrior year $85,997$83,664
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $139,028$126,687
I-18 Total expensesPrior year $139,028$126,687
I-19 Revenue less expensesPrior year −$53,031−$43,023
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $83,664 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $81,085$81,085
VIII-3 Investment incomeExcluded from tax $99$99
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,480$2,480
VIII-12 Total revenueRelated to mission $81,085 · Unrelated business $0 · Excluded from tax $2,579$83,664
Part IX · Statement of functional expenses $126,687 across 7 lines filed
IX-11a Management feesManagement $7,920$7,920
IX-11c Accounting feesManagement $15,021$15,021
IX-13 Office expensesManagement $8,968$8,968
IX-16 OccupancyPrograms $25,326$25,326
IX-22 Depreciation, depletion and amortizationPrograms $30,602$30,602
IX-23 InsurancePrograms $6,208$6,208
IX-24 Other expenses (24a–d)Programs $32,570 · Management $72$32,642
IX-25 Total functional expensesPrograms $94,706 · Management $31,981 · Fundraising $0$126,687
Part X · Balance sheet $572,909 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,259$106
X-2 Savings and temporary cash investmentsStart of year $60,681$68,112
X-4 Accounts receivable$6,454
X-9 Prepaid expenses and deferred chargesStart of year $4,590$4,856
X-10c Land, buildings and equipment, netStart of year $522,273$492,771
X-15 Other assetsStart of year $609$610
X-16 Total assetsStart of year $589,412$572,909
X-17 Accounts payable and accrued expensesStart of year $43,634$70,154
X-25 Other liabilitiesStart of year $9,957$9,957
X-26 Total liabilitiesStart of year $1,044,630$1,071,150
X-27 Net assets without donor restrictionsStart of year −$455,218−$498,241
X-32 Total net assets or fund balancesStart of year −$455,218−$498,241
X-33 Total liabilities and net assetsStart of year $589,412$572,909
Part XI · Reconciliation of net assets −$498,241 net assets at year end
XI-1 Total revenue$83,664
XI-2 Total expenses$126,687
XI-3 Revenue less expenses−$43,023
XI-4 Net assets at start of year−$455,218
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$498,241

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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