Stonegate at St Stephen INC FY2023 filing

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Promoting the welfare of and providing housing for elderly individuals.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2465837) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $231K a year · 27% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
0.8 mo
of spending, in cash
0.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9.3M
156% of total assets
Liabilities are 156% of assets.
Pt X · Ln 26
Independent board members
3
of 6 voting members
3 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$878K
+10% vs prior year
Spent
$1.1M
To programs
95%
Net assets
−$3.4M
By yearFY2020–FY2025
Revenue
$878K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$761K
FY2021$815K
FY2022$795K
FY2023$878K
FY2024$952K
FY2025$940K
Expenses
$1.1M
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$987K
FY2021$1.0M
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M
Net assets
−$3.4M
FY2023▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.5M
FY2021−$2.7M
FY2022−$2.9M
FY2023−$3.4M
FY2024−$3.6M
FY2025−$3.8M

From the FY2023 Form 990 (year ending March 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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 Mar 1946.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.1M Management & general 5% · $54K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990; $19K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$15,247Pt VII · Sec A
Treasurer
$3,925Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Reynolds$16,398$15,949$15,247$15,247$15,098$14,916
Robert Waite$4,229$4,183$3,925$3,925$3,876$2,539

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Stonegate at St Stephen INC executive salaries →

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

Provides housing and promotes the well-being of elderly individuals.

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1 program · $1.1M · in their own filed words · FY2022
01

Promoting the welfare of and providing housing for elderly and handicapped individuals.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2465837) · Dispute this line
$1.1Mprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Mar 2026 · $8.8M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$8.8M

The auditor reported no findings.

Year ending Mar 2024 · $8.6M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$8.5M
Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$69K

The auditor reported no findings.

Year ending Mar 2023 · $8.6M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$8.5M
Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$66K

The auditor reported: a material weakness in money controls.

Year ending Mar 2022 · $8.5M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$8.5M
Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$8K

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$878K
Ln 12
Gifts and grantsLn 1h$592K
Fees for servicesLn 2g$276K
Other incomeLn 4–11$5K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$54K
Owns and owesPt X
−$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$72K
Total assetsLn 16$6.0M
LiabilitiesLn 26$9.3M
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$592K
Government grantsLn 1e$592K
Fees for servicesLn 2g$276K
Investment incomeLn 3$4K
Other incomeLn 4–11$5K
Total revenueLn 12$878K
Assets in detailPt X, end of year
CashLn 1$72K
Cash and savings togetherLn 1–2$72K
Accounts receivableLn 4$7K
Prepaid expenses and deferred chargesLn 9$19K
Land, buildings, equipmentLn 10c$5.5M
Other assetsLn 15$364K
Total assetsLn 16$6.0M
LiabilitiesLn 26$9.3M
Net assetsLn 32−$3.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$190K$236K$232K$245K$205K
SpentLn 1d–1f$54K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$56K$72K
Land, buildings, equipmentLn 10c$5.7M$5.5M
Total assetsLn 16$6.2M$6.0M
LiabilitiesLn 26$9.2M$9.3M
Net assetsLn 32−$2.9M−$3.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$21K$21K
Other salaries and wagesLn 7$114K$114K
Pension plan contributionsLn 8$11K$11K
Other employee benefitsLn 9$34K$34K
Payroll taxesLn 10$22K$22K
Management feesLn 11a$70K$70K
Legal feesLn 11b$94$94
Accounting feesLn 11c$54K$54K
Office expensesLn 13$32K$32K
OccupancyLn 16$213K$213K
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$241K$241K
Other expenses (24a–d)Ln 24$230K$230K$377
All other expensesLn 24e$87K$87K
Total functional expensesLn 25$1.1M$1.1M$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 16, 2026 $940K$1.2M−$238K−$3.8M 990 PDF
FY2024Filed with the IRS Feb 17, 2025 $952K$1.2M−$225K−$3.6M 990 PDF
FY2023 ViewingFiled with the IRS Nov 4, 2024 $878K$1.1M−$260K−$3.4M 990 PDF
FY2022Filed with the IRS Jan 25, 2023 $795K$1.0M−$227K−$2.9M 990 PDF
FY2021Filed with the IRS Sep 2, 2021 $815K$1.0M−$214K−$2.7M 990 PDF
FY2020Filed with the IRS Feb 3, 2021 $761K$987K−$225K−$2.5M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $878,187 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $524,676$592,494
I-9 Program service revenuePrior year $265,184$276,457
I-10 Investment incomePrior year $42$3,900
I-11 Other revenuePrior year $5,179$5,336
I-12 Total revenuePrior year $795,081$878,187
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 $238,637$200,831
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $783,414$937,143
I-18 Total expensesPrior year $1,022,051$1,137,974
I-19 Revenue less expensesPrior year −$226,970−$259,787
Part VI · Governance 3 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $878,187 across 6 lines filed
Lines not itemized here account for $351 of total revenue; see the IRS return.
VIII-1e Government grants$592,494
VIII-1h Total contributions, gifts and grants$592,494
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $276,457$276,457
VIII-3 Investment incomeExcluded from tax $3,900$3,900
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,985$4,985
VIII-12 Total revenueRelated to mission $281,793 · Unrelated business $0 · Excluded from tax $3,900$878,187
Part IX · Statement of functional expenses $1,137,974 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $20,547$20,547
IX-7 Other salaries and wagesPrograms $113,538$113,538
IX-8 Pension plan contributionsPrograms $10,685$10,685
IX-9 Other employee benefitsPrograms $34,315$34,315
IX-10 Payroll taxesPrograms $21,746$21,746
IX-11a Management feesPrograms $69,535$69,535
IX-11b Legal feesPrograms $94$94
IX-11c Accounting feesManagement $53,925$53,925
IX-13 Office expensesPrograms $31,868$31,868
IX-16 OccupancyPrograms $213,444$213,444
IX-20 InterestPrograms $9,922$9,922
IX-22 Depreciation, depletion and amortizationPrograms $241,036$241,036
IX-24 Other expenses (24a–d)Programs $229,627 · Management $377$230,004
IX-24e All other expensesPrograms $87,315$87,315
IX-25 Total functional expensesPrograms $1,083,672 · Management $54,302 · Fundraising $0$1,137,974
Part X · Balance sheet $5,993,336 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $55,570$71,873
X-4 Accounts receivableStart of year $11,401$6,924
X-9 Prepaid expenses and deferred chargesStart of year $20,707$18,734
X-10c Land, buildings and equipment, netStart of year $5,734,182$5,531,556
X-15 Other assetsStart of year $403,306$364,249
X-16 Total assetsStart of year $6,225,166$5,993,336
X-17 Accounts payable and accrued expensesStart of year $76,080$85,425
X-23 Secured mortgages and notes payableStart of year $8,954,550$9,109,993
X-25 Other liabilitiesStart of year $144,441$153,131
X-26 Total liabilitiesStart of year $9,175,071$9,348,549
X-27 Net assets without donor restrictionsStart of year −$3,549,905−$3,955,213
X-28 Net assets with donor restrictionsStart of year $600,000$600,000
X-32 Total net assets or fund balancesStart of year −$2,949,905−$3,355,213
X-33 Total liabilities and net assetsStart of year $6,225,166$5,993,336
Part XI · Reconciliation of net assets −$3,355,213 net assets at year end
XI-1 Total revenue$878,187
XI-2 Total expenses$1,137,974
XI-3 Revenue less expenses−$259,787
XI-4 Net assets at start of year−$2,949,905
XI-8 Prior period adjustments−$145,521
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,355,213

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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