Stevenson House Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 87-3714967)

Revenue by fiscal year
FY2021	$14.7M
FY2022	$288K
FY2023	$430K
FY2024	$435K

Expenses by fiscal year
FY2021	$208K
FY2022	$23K
FY2023	$37K
FY2024	$5K

Net assets by fiscal year
FY2021	$14.5M
FY2022	$12.4M
FY2023	$14.3M
FY2024	$15.9M

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

82 cents of each dollar spent went to programs.

82%

18%

Program services 82% · $31K Management & general 18% · $7K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation

John Wang

President

$0Pt VII · Sec A

Jerold Nugent

Vice President

$0Pt VII · Sec A

Mark Levi

Secretary

$0Pt VII · Sec A

Lanie Wheeler

Treasurer

$0Pt VII · Sec A

David Chapple

Board Member

$0Pt VII · Sec A

Terry Roberts

Board Member

$0Pt VII · Sec A

Susan Xu Otte

Board Member

$0Pt VII · Sec A

Walter Frank Eng

Board Member

$0Pt VII · Sec A

See Stevenson House Foundation 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

Provides affordable housing for low-income seniors.

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Provided by the organization

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1 program · $31K · in their own filed words · FY2023

01

Stevenson house foundation was established in 2021. The organization contributed $30,000 to pashpi inc. To support its mission of providing affordable housing for independent, low-income seniors.

$31Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$430K

Ln 12

Investment incomeLn 3$409K

Gifts and grantsLn 1h$21K

Money outPt IX

$37K

Ln 25

Programscol B$31K

Managementcol C$7K

Owns and owesPt X

$14.3M

net assets · Ln 32

Cash and savingsLn 1–2$632K

Total assetsLn 16$14.3M

LiabilitiesLn 26$500

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$21K

Investment incomeLn 3$409K

Total revenueLn 12$430K

Assets in detailPt X, end of year

CashLn 1$20K

SavingsLn 2$611K

Cash and savings togetherLn 1–2$632K

InvestmentsLn 11–13$13.7M

Total assetsLn 16$14.3M

LiabilitiesLn 26$500

Net assetsLn 32$14.3M

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$580K	$632K
InvestmentsLn 11–13	$11.9M	$13.7M
Total assetsLn 16	$12.4M	$14.3M
LiabilitiesLn 26	$618	$500
Net assetsLn 32	$12.4M	$14.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$30K	$30K
Accounting feesLn 11c	$7K		$7K
Other expenses (24a–d)Ln 24	$576	$576
Total functional expensesLn 25	$37K	$31K	$7K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$435K	$5K	$431K	$15.9M	990 PDF
FY2023 Viewing	$430K	$37K	$393K	$14.3M	990 PDF
FY2022	$288K	$23K	$265K	$12.4M	990 PDF
FY2021	$14.7M	$208K	$14.5M	$14.5M	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 FY2023 990 (6 parts)

Part I · Summary $430,217 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$21,000

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $288,194$409,217

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $288,194$430,217

I-13 Grants and similar amounts paidPrior year $20,000$30,000

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 $3,415$7,376

I-18 Total expensesPrior year $23,415$37,376

I-19 Revenue less expensesPrior year $264,779$392,841

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 $430,217 across 5 lines filed

VIII-1d Related organizations$20,000

VIII-1f All other contributions, gifts and grants$1,000

VIII-1h Total contributions, gifts and grants$21,000

VIII-3 Investment incomeExcluded from tax $409,217$409,217

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $409,217$430,217

Part IX · Statement of functional expenses $37,376 across 3 lines filed

IX-1 Grants to domestic organizationsPrograms $30,000$30,000

IX-11c Accounting feesManagement $6,800$6,800

IX-24 Other expenses (24a–d)Programs $576$576

IX-25 Total functional expensesPrograms $30,576 · Management $6,800 · Fundraising $0$37,376

Part X · Balance sheet $14,308,482 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $6,606$20,113

X-2 Savings and temporary cash investmentsStart of year $573,719$611,443

X-11 Publicly traded securitiesStart of year $11,864,327$13,676,926

X-16 Total assetsStart of year $12,444,652$14,308,482

X-17 Accounts payable and accrued expensesStart of year $618$500

X-26 Total liabilitiesStart of year $618$500

X-27 Net assets without donor restrictionsStart of year $12,444,034$14,307,982

X-32 Total net assets or fund balancesStart of year $12,444,034$14,307,982

X-33 Total liabilities and net assetsStart of year $12,444,652$14,308,482

Part XI · Reconciliation of net assets $14,307,982 net assets at year end

XI-1 Total revenue$430,217

XI-2 Total expenses$37,376

XI-3 Revenue less expenses$392,841

XI-4 Net assets at start of year$12,444,034

XI-5 Net unrealized gains (losses) on investments$1,471,107

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$14,307,982

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

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Stevenson House Foundation FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Stevenson House Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV