St Stephens Housing Corporation
- Assets
- $4.2m
- Revenue
- $556.1k
- Investments
- $3.7m
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 01/1973
- Data as of
- 12/2023
- EIN
- 23-7212028
Organization Overview
St Stephens Housing Corporation is located in Beverly, MA. The organization was established in 1973. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Stephens Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, St Stephens Housing Corporation generated $556.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $337.8k during the year ending 12/2023. While expenses have increased by 20.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, St Stephens Housing Corporation has awarded 38 individual grants totaling $1,615,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey R Mcavoy President | 10 | $0 | |
Nelson Woodfork Treasurer | 5 | $0 | |
Virginia Fuller Clerk | 5 | $0 | |
Carolyn Edwards Director | 0.5 | $0 | |
Neil O'donnell Director | 0.5 | $0 | |
Megan Werner Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $280,353 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $275,765 |
| Capital Gain Net Income | $275,765 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $556,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,891 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,776 |
| Total operating and administrative expenses | $47,785 |
| Contributions, gifts, grants paid | $290,000 |
| Total expenses and disbursements | $337,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $500,794 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,187,850 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, St Stephens Housing Corporation has awarded $290,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HAVEN PROJECT PURPOSE: GENERAL PURPOSE OF THE ORGANIZATION. | $20,000 |
LYNN HOME FOR YOUNG WOMEN PURPOSE: GENERAL PURPOSE OF THE ORGANIZATION. | $15,000 |
HAWC PURPOSE: GENERAL PURPOSE OF THE ORGANIZATION. | $40,000 |
MASSACHUSETTS COALITION FOR THE HOMELESS PURPOSE: GENERAL PURPOSE OF THE ORGANIZATION. | $50,000 |
LYSOA INC PURPOSE: GENERAL PURPOSE OF THE ORGANIZATION. | $40,000 |
NORTH SHORE COMMUNITY DEVELOPMENT COALITION PURPOSE: GENERAL PURPOSE OF THE ORGANIZATION. | $50,000 |