Civic Intelligence

Stepping Out Housing Inc.

990 • Fiscal year 2020 • EIN 77-0157232

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

380 Encinal Street No 200Santa Cruz, CA 95060

(831) 469-1700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.18x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

1.57x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

67th percentile

18%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

2.5%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$586,000

Up $88,871 (+18%) from 2019

Net Assets

Up

-$107,079

Up $65,110 (+38%) from 2019

Liabilities

Up

$693,079

Up $23,761 (+3.6%) from 2019

Revenue

Up

$440,260

Up $10,621 (+2.5%) from 2019

Expenses

Down

$375,150

Down $65,069 (-15%) from 2019

Net Income

Up

$65,110

Up $75,690 (+715%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2012: $686,105Liabilities 2012: $756,708Net Assets 2012: -$70,6032012Assets 2013: $635,464Liabilities 2013: $740,498Net Assets 2013: -$105,0342013Assets 2014: $600,565Liabilities 2014: $731,757Net Assets 2014: -$131,1922014Assets 2015: $563,666Liabilities 2015: $709,860Net Assets 2015: -$146,1942015Assets 2016: $493,572Liabilities 2016: $696,739Net Assets 2016: -$203,1672016Assets 2017: $464,922Liabilities 2017: $674,617Net Assets 2017: -$209,6952017Assets 2018: $511,924Liabilities 2018: $673,533Net Assets 2018: -$161,6092018Assets 2019: $497,129Liabilities 2019: $669,318Net Assets 2019: -$172,1892019Assets 2020: $586,000Liabilities 2020: $693,079Net Assets 2020: -$107,0792020Assets 2021: $669,380Liabilities 2021: $730,607Net Assets 2021: -$61,2272021Assets 2022: $531,280Liabilities 2022: $599,218Net Assets 2022: -$67,9382022Assets 2023: $665,840Liabilities 2023: $651,957Net Assets 2023: $13,8832023Assets 2024: $676,988Liabilities 2024: $609,425Net Assets 2024: $67,5632024

Highlighted filing

2020

Assets$586,000
Liabilities$693,079
Net Assets-$107,079

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $238,554Expenses 2012: $270,181Net Income 2012: -$31,6272012Revenue 2013: $243,451Expenses 2013: $277,882Net Income 2013: -$34,4312013Revenue 2014: $246,884Expenses 2014: $273,042Net Income 2014: -$26,1582014Revenue 2015: $250,777Expenses 2015: $265,779Net Income 2015: -$15,0022015Revenue 2016: $252,847Expenses 2016: $309,820Net Income 2016: -$56,9732016Revenue 2017: $260,617Expenses 2017: $267,145Net Income 2017: -$6,5282017Revenue 2018: $424,047Expenses 2018: $375,961Net Income 2018: $48,0862018Revenue 2019: $429,639Expenses 2019: $440,219Net Income 2019: -$10,5802019Revenue 2020: $440,260Expenses 2020: $375,150Net Income 2020: $65,1102020Revenue 2021: $453,172Expenses 2021: $407,320Net Income 2021: $45,8522021Revenue 2022: $451,049Expenses 2022: $457,760Net Income 2022: -$6,7112022Revenue 2023: $531,399Expenses 2023: $449,578Net Income 2023: $81,8212023Revenue 2024: $516,471Expenses 2024: $462,791Net Income 2024: $53,6802024

Highlighted filing

2020

Revenue$440,260
Expenses$375,150
Net Income$65,110
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.2
Gross Receipts
$440,260
Mission and Program Overview

Mission

To provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$257,498$317,777▲ $60,279
Land, Buildings, and Equipment, Net$232,292$252,212▲ $19,920
Accounts Receivable$1,098$9,339▲ $8,241
Prepaid Expenses and Deferred Charges-$159-
Total Assets$497,129$586,000▲ $88,871
Other Assets Total$6,241$6,513▲ $272
Liabilities
Mortgage Notes Payable Secured by Investment Property$602,220$575,464▼ $26,756
Accounts Payable and Accrued Expenses$61,816$112,228▲ $50,412
Other Liabilities$5,282$5,387▲ $105
Total Liabilities$669,318$693,079▲ $23,761
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-172,189$-107,079▲ $65,110
Total Net Assets Fund Balance$-172,189$-107,079▲ $65,110
Total Liabilities and Net Assets / Fund Balance$497,129$586,000▲ $88,871

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$252,212$1,783,853$2,036,065
Compensation and Service Providers

Board Members and Trustees

NameTitle
Monica MartinezChairperson
John LivingstonVice-chairperson
Ann PomperBoard Member
Joe AppenrodtBoard Member
Sandy KaplanBoard Member
Steve LabergeBoard Member
PAUL O'BRIENSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$362,123
Program Service Revenue
$74,496
Investment Income
$107
Other Revenue
$3,534
Change in Net Assets
$65,110

Audited Revenue Reconciliation

Revenue per Audited Statements
$440,260
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$440,260
Total Revenue per Form 990
$440,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$375,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$82,445--$82,445
Interest$45,042--$45,042
Occupancy$28,725--$28,725
Fees for Services Other$24,121--$24,121
Fees for Services Management-$12,528-$12,528
Office Expenses$12,172--$12,172
Insurance$5,812--$5,812
Travel$4,256--$4,256
Fees for Services Accounting-$3,580-$3,580
Fees for Services Legal$1,635--$1,635
Other Expenses$85$91,533-$85
Total Functional Expenses$267,509$107,641$0$375,150

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$375,150
Total Expenses per Audited Statements$375,150
Total Expenses per Form 990$375,150
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$5,387
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Stepping out housing paid encompass community services a total of approximately $76,877 for the year ended june 30, 2020, for management services. Encompass community services plans and executes stepping out housing's financial and exempt operations. Monica martinez is an officer of both encompass community services and stepping out housing. She is not compensated for her work for stepping out housing.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's chair and questions are referred to the outside tax professional. After a full review (with modifications where necessary), the final version of the tax return is provided to the board of directors. The return is then finalized and electronically filed with the taxing authorities.

Form 990, Part VI, Section B, Line 12C

The organization requires board members to annually declare potential conflicts of interest. Board members are required to recuse themselves from voting in any matter where a conflict real or perceived may be present.

Form 990, Part VI, Section C, Line 19

Governing documents, conflicts of interest policy and financial statements are available upon written request to the organization's board of directors.

Filing and Contact Details

Filer

Filer Name
Stepping Out Housing Inc
EIN
77-0157232
Phone
8314691700
Address
380 ENCINAL STREET NO 200, SANTA CRUZ, CA 95060

Signing Officer

Name
Monica Martinez
Title
Chairperson
Phone
8314691700
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica Martinez
Formed
1987
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Armanino Llp
Address
12657 ALCOSTA BLVD STE 500, SAN RAMON, CA 94583-4600
Preparer
Matthew Petroski
Phone
9257902600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under internal revenue code section 501 (c)(3) and state income tax under section 23701(d) of the california revenue taxation code. Accordingly, no provision for income taxes has been made in the accompanying statements. Accounting principles generally accepted in the united states of america provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the organization in its federal and state tax returns are more likely than not to be sustained upon examination. The organization files information returns in the u.s. Federal jurisdiction and state of california. The organization's federal returns for tax years 2016 and beyond remain subject to examination by the internal revenue service. The organization's california returns for tax years 2015 and beyond remain subject to examination by the franchise tax board.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0355673
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0355425
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt042
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt010972
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IRS990ScheduleA/PublicSupportPY509Pct00.99520
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt06972
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt06972
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt06972
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt06972
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0440260
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0252847
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01807410
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0252212
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01783853
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02036065
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0375150
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05387
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0440260
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3) AND STATE INCOME TAX UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE TAXATION CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND STATE OF CALIFORNIA. THE ORGANIZATION'S FEDERAL RETURNS FOR TAX YEARS 2016 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA RETURNS FOR TAX YEARS 2015 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0252212
IRS990ScheduleD/TotalExpensesPerForm990Amt0375150
IRS990ScheduleD/TotalLiabilityAmt05387
IRS990ScheduleD/TotalRevenuePerForm990Amt0440260
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0440260
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0375150
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEPPING OUT HOUSING PAID ENCOMPASS COMMUNITY SERVICES A TOTAL OF APPROXIMATELY $76,877 FOR THE YEAR ENDED JUNE 30, 2020, FOR MANAGEMENT SERVICES. ENCOMPASS COMMUNITY SERVICES PLANS AND EXECUTES STEPPING OUT HOUSING'S FINANCIAL AND EXEMPT OPERATIONS. MONICA MARTINEZ IS AN OFFICER OF BOTH ENCOMPASS COMMUNITY SERVICES AND STEPPING OUT HOUSING. SHE IS NOT COMPENSATED FOR HER WORK FOR STEPPING OUT HOUSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BY THE ORGANIZATION'S CHAIR AND QUESTIONS ARE REFERRED TO THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW (WITH MODIFICATIONS WHERE NECESSARY), THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO THE BOARD OF DIRECTORS. THE RETURN IS THEN FINALIZED AND ELECTRONICALLY FILED WITH THE TAXING AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES BOARD MEMBERS TO ANNUALLY DECLARE POTENTIAL CONFLICTS OF INTEREST. BOARD MEMBERS ARE REQUIRED TO RECUSE THEMSELVES FROM VOTING IN ANY MATTER WHERE A CONFLICT REAL OR PERCEIVED MAY BE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CASA DE EXITO INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CASA LINDA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GRACE COMMONS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MONARCH DISABLED HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1770263695
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2201967815
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt3LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0380 ENCINAL STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1380 ENCINAL STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2380 ENCINAL STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3380 ENCINAL STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2CA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd095060
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd295060
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd395060
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

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