Stephenson Place FY2024 filing

Tax-deductible

Tucson, AZ501(c)(3)Since 1994HousingEIN 86-0766137

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To provide low-income housing for individuals with disabilities

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 5
filings with a surplus
Average deficit $30K a year · 16% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$75K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$188K
-8% vs prior year
Spent
$274K
To programs
82%
Net assets
$769K
By yearFY2020–FY2024
Revenue
$188K
FY2024▼ -8%
Revenue by fiscal year
FY2020$189K
FY2021$195K
FY2022$203K
FY2023$205K
FY2024$188K
FY2024$314K
Expenses
$274K
FY2024▲ +18%
Expenses by fiscal year
FY2020$203K
FY2021$200K
FY2022$223K
FY2023$232K
FY2024$274K
FY2024$268K
Net assets
$769K
FY2024▼ -10%
Net assets by fiscal year
FY2020$922K
FY2021$901K
FY2022$882K
FY2023$854K
FY2024$769K
FY2024$815K

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1994.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $225K Management & general 18% · $49K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
See Stephenson Place 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

Builds affordable homes for people with disabilities.

Provided by the organization

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1 program · $225K · in their own filed words · FY2023
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…

$225Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$188K
Ln 12
Gifts and grantsLn 1h$129K
Fees for servicesLn 2g$59K
Other incomeLn 4–11$103
Money outPt IX
$274K
Ln 25
Programscol B$225K
Managementcol C$49K
Owns and owesPt X
$769K
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$844K
LiabilitiesLn 26$75K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Government grantsLn 1e$129K
Fees for servicesLn 2g$59K
Investment incomeLn 3$26
Other incomeLn 4–11$103
Total revenueLn 12$188K
Assets in detailPt X, end of year
CashLn 1$796
SavingsLn 2$152K
Cash and savings togetherLn 1–2$153K
Land, buildings, equipmentLn 10c$688K
Total assetsLn 16$844K
LiabilitiesLn 26$75K
Net assetsLn 32$769K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
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$118K$153K
Land, buildings, equipmentLn 10c$748K$688K
Total assetsLn 16$868K$844K
LiabilitiesLn 26$14K$75K
Net assetsLn 32$854K$769K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$16K$16K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$18K$18K
Office expensesLn 13$124$124
OccupancyLn 16$145K$145K
TravelLn 17$63$63
Depreciation, depletion and amortizationLn 22$60K$60K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$3K$2K$1K
Total functional expensesLn 25$274K$225K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $188K$274K−$85K$769K 990 PDF
FY2023 $205K$232K−$27K$854K 990 PDF
FY2022 $203K$223K−$20K$882K 990 PDF
FY2021 $195K$200K−$6K$901K 990 PDF
FY2020 $189K$203K−$15K$922K 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $188,035 across 6 lines filed
VIII-1e Government grants$129,277
VIII-1h Total contributions, gifts and grants$129,277
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,629$58,629
VIII-3 Investment incomeExcluded from tax $26$26
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $103$103
VIII-12 Total revenueRelated to mission $58,732 · Unrelated business $0 · Excluded from tax $26$188,035
Part IX · Statement of functional expenses $273,531 across 9 lines filed
IX-11a Management feesManagement $15,600$15,600
IX-11c Accounting feesManagement $15,600$15,600
IX-11g Other fees for servicesPrograms $17,830$17,830
IX-13 Office expensesManagement $124$124
IX-16 OccupancyPrograms $144,781$144,781
IX-17 TravelPrograms $63$63
IX-22 Depreciation, depletion and amortizationPrograms $59,979$59,979
IX-23 InsuranceManagement $16,623$16,623
IX-24 Other expenses (24a–d)Programs $1,880 · Management $1,051$2,931
IX-25 Total functional expensesPrograms $224,533 · Management $48,998 · Fundraising $0$273,531
Part X · Balance sheet $843,561 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $4,691$796
X-2 Savings and temporary cash investmentsStart of year $113,019$151,903
X-9 Prepaid expenses and deferred chargesStart of year $1,841$2,470
X-10c Land, buildings and equipment, netStart of year $748,371$688,392
X-16 Total assetsStart of year $867,922$843,561
X-17 Accounts payable and accrued expensesStart of year $8,665$14,689
X-19 Deferred revenueStart of year $1,158$739
X-25 Other liabilitiesStart of year $3,912$59,442
X-26 Total liabilitiesStart of year $13,735$74,870
X-27 Net assets without donor restrictionsStart of year $854,187$768,691
X-32 Total net assets or fund balancesStart of year $854,187$768,691
X-33 Total liabilities and net assetsStart of year $867,922$843,561
Part XI · Reconciliation of net assets $768,691 net assets at year end
XI-1 Total revenue$188,035
XI-2 Total expenses$273,531
XI-3 Revenue less expenses−$85,496
XI-4 Net assets at start of year$854,187
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$768,691

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

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