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Stevenson House Foundation

Tax-deductible

Palo Alto, CA501(c)(3)Housing EIN 87-3714967Revenue $435K in FY2024Latest return filed Nov 13, 2025

On file with the IRSPalo Alto, CATax-exempt since Jun 2022Supporting org, Type I — 509(a)(3)

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Stevenson House Foundation was established in 2021. IT contributed $200,000 to pashpi INC. To support its mission of providing affordable housing for independent, low-income seniors.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-3714967) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
2¢ of each $1 spent went to programs.
Run by 11 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
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
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $3.9M a year · 98% of revenue · last 4 filings
A surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
2%
of spending
2% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
2011.4 mo
of spending, in cash
Plus $15.1M in investments, Pt X · Ln 11–13
2011.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$520
<0.01% of total assets
Liabilities are 0.01% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$435K
+1% vs prior year
Spent
$5K
To programs
2%
Net assets
$15.9M
By yearFY2021–FY2024
Revenue
$435K
FY2024▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2021$14.7M
FY2022$288K
FY2023$430K
FY2024$435K
Expenses
$5K
FY2024▼ -87%
Tap a bar for its year
Expenses by fiscal year
FY2021$208K
FY2022$23K
FY2023$37K
FY2024$5K
Net assets
$15.9M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2021$14.5M
FY2022$12.4M
FY2023$14.3M
FY2024$15.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2022.

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

Where the money goes

2 cents of each dollar spent went to programs.

Program services 2% · $100 Management & general 98% · $5K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
John Wang
President
$0Pt VII · Sec A
Mark Levi
Vice President
$0Pt VII · Sec A
Terry Roberts
Secretary
$0Pt VII · Sec A
Lanie Wheeler
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
David Chapple
Trustee, Resident Representive
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Stevenson House Foundation 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 affordable housing for low-income seniors.

Questions for Stevenson House Foundation

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Your first name shows with your question. Stevenson House Foundation answers here, for everyone.

1 program · $100 · in their own filed words · FY2024
01

Stevenson house foundation was established in 2021. It supported pashpi inc. For its mission of providing affordable housing and services for independent, low-income seniors.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-3714967) · Dispute this line
$100program expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $250K · 2021–2023
Palo Alto Senior Housing Project INCCA · FY2023$30,000
Palo Alto Senior Housing Project INCCA · FY2022$20,000
Palo Alto Senior Housing Project INCCA · FY2021$200,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$435K
Ln 12
Investment incomeLn 3$435K
Money outPt IX
$5K
Ln 25
Programscol B$100
Managementcol C$5K
Owns and owesPt X
$15.9M
net assets · Ln 32
Cash and savingsLn 1–2$811K
Total assetsLn 16$15.9M
LiabilitiesLn 26$520
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$435K
Total revenueLn 12$435K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$796K
Cash and savings togetherLn 1–2$811K
InvestmentsLn 11–13$15.1M
Total assetsLn 16$15.9M
LiabilitiesLn 26$520
Net assetsLn 32$15.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
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$632K$811K
InvestmentsLn 11–13$13.7M$15.1M
Total assetsLn 16$14.3M$15.9M
LiabilitiesLn 26$500$520
Net assetsLn 32$14.3M$15.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K$5K
Other expenses (24a–d)Ln 24$100$100
Total functional expensesLn 25$5K$100$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 13, 2025 $435K$5K$431K$15.9M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $430K$37K$393K$14.3M 990 PDF
FY2022Filed with the IRS Nov 16, 2023 $288K$23K$265K$12.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $14.7M$208K$14.5M$14.5M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $435,345 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,000$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $409,217$435,345
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $430,217$435,345
I-13 Grants and similar amounts paidPrior year $30,000$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 $7,376$4,840
I-18 Total expensesPrior year $37,376$4,840
I-19 Revenue less expensesPrior year $392,841$430,505
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $435,345 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $435,345$435,345
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $435,345$435,345
Part IX · Statement of functional expenses $4,840 across 2 lines filed
IX-11c Accounting feesManagement $4,740$4,740
IX-24 Other expenses (24a–d)Programs $100$100
IX-25 Total functional expensesPrograms $100 · Management $4,740 · Fundraising $0$4,840
Part X · Balance sheet $15,869,276 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $20,113$15,293
X-2 Savings and temporary cash investmentsStart of year $611,443$795,954
X-11 Publicly traded securitiesStart of year $13,676,926$15,058,029
X-16 Total assetsStart of year $14,308,482$15,869,276
X-17 Accounts payable and accrued expensesStart of year $500$520
X-26 Total liabilitiesStart of year $500$520
X-27 Net assets without donor restrictionsStart of year $14,307,982$15,868,756
X-32 Total net assets or fund balancesStart of year $14,307,982$15,868,756
X-33 Total liabilities and net assetsStart of year $14,308,482$15,869,276
Part XI · Reconciliation of net assets $15,868,756 net assets at year end
XI-1 Total revenue$435,345
XI-2 Total expenses$4,840
XI-3 Revenue less expenses$430,505
XI-4 Net assets at start of year$14,307,982
XI-5 Net unrealized gains (losses) on investments$1,130,269
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,868,756

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

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