Stephenson Place EIN 86-0766137 Form 990 (PDF) Claim this org

Stephenson Place

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Builds affordable homes for people with disabilities. For fiscal year 2024 it reported $314K in revenue, $268K in expenses, and $815K in net assets.Pt I

Founded
1994
Type
Public charity (501(c)(3)) · Housing
Location
Tucson, AZ
Website
www.saaf.org
Filings
5 on file (2020–2024)
Revenue
$314KFY2024
Expenses
$268K
Net assets
$815K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-0766137 Public charity (501(c)(3)) Tucson, AZ Founded 1994
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds affordable homes for people with disabilities.
Leadership
Marc Acuna · President
Money in and out
$314K revenue, $268K expenses
Bottom line
75% program efficiency
Where the money goes · FY2024
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$268K
Pt IX · Ln 25
Net assets
$815K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $46K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +132% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$314K
FY2024▲ +67%
Expenses
$268K
FY2024▼ -2%
Total assets
$864K
FY2024▲ +2%
Total liabilities
$49K
FY2024▼ -35%
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$268K
Pt IX · Ln 25
Net assets
$815K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$46K
Total assetsPt X · Ln 16$864K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStephenson Place
EINHdr · item D86-0766137
Principal addressHdr · item CTucson, AZ
WebsiteHdr · item Jwww.saaf.org
Year of formationHdr · item L1994
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L80)
Ruling yearIRS BMFNov 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Interim CEO
$0Pt VII · Sec A
Ex Officio
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $200K of program spending, described in the organization's own filed words · FY2024.
01

Stephenson place served low-income clients in 26 households consisting of 35 persons. Our program operates under the housing first model so saaf does not exclude clients from entering housing due to criminal history, rental history, domestic violence, mental illness, substance use, or other factors that might prevent a person from…

$200Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$128K · 41%
Contributions & grants$125K · 40%
Program service revenue$61K · 19%
Other revenue41%$128K
Contributions & grants40%$125K
Program service revenue19%$61K
Investment income$29
— government grantsLn 1e$125K
Total revenueLn 12$314K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$200K
Management & general25%$68K
Total functional expensesLn 25$268K

Balance Sheet

Part X · end of year
CashLn 1$159K
Total assetsLn 16$864K
Total liabilitiesLn 26$49K
Total net assetsLn 32$815K
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $159K · Operating expenses/yr $268K
7.1 months
Where the money goes
Program services
Program services $200K · Total expenses $268K
75%
Management & General
Management & general $68K · Total expenses $268K
25%
Fundraising
Fundraising $0 · Total expenses $268K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $125K · Total revenue $314K
40%
Government reliance
Government grants $125K · Total revenue $314K
40%
Earned-income share
Program service revenue $61K · Total revenue $314K
19%
Investment reliance
Investment income $29 · Total revenue $314K
<0.01%
Program self-sufficiency
Program service revenue $61K · Total expenses $268K
23%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $188K
+67%
Revenue CAGR
FY2019 $189K · FY2024 $314K
+11%
Net-asset trend (YoY)
End of year $815K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $268K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $864K
Net-asset ratio
Net assets $815K · Total assets $864K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $864K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marc Acuna · Reported title President · Highest reported compensation $0 · Total expenses $268K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $268K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Revenue growth 67%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$188K revenue · ⤓ 990 PDF
FY2023$205K revenue · ⤓ 990 PDF
FY2022$203K revenue · ⤓ 990 PDF
FY2021$195K revenue · ⤓ 990 PDF
FY2020$189K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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