Civic Intelligence

Stepping Stone Communities Inc.

990 • Fiscal year 2023 • EIN 81-1530004

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

Organization ProfileWWW.TRAILHEADCOMMUNITY.ORG
11757 W Ken Caryl Ave Suite F-426Littleton, CO 80127

(303) 525-0668

Siviq Scores

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

Liabilities / Assets

88th percentile

0.83x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

20.11x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

92nd percentile

59%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

95th percentile

101%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

13th percentile

-28%

Faster revenue growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Flat

$15,868,498

Flat from 2023

Net Assets

Flat

$2,654,451

Flat from 2023

Liabilities

Flat

$13,214,047

Flat from 2023

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin92nd percentile

Revenue

Flat

$657,152

Flat from 2023

Expenses

Flat

$270,468

Flat from 2023

Net Income

Flat

$386,684

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$30M$20M$10M$0Assets 2017: $31,247Liabilities 2017: $0Net Assets 2017: $31,2472017Assets 2018: $117,387Liabilities 2018: $0Net Assets 2018: $117,3872018Assets 2019: $168,168Liabilities 2019: $0Net Assets 2019: $168,1682019Assets 2020: $313,918Liabilities 2020: $109,900Net Assets 2020: $204,0182020Assets 2021: $1,504,379Liabilities 2021: $69,900Net Assets 2021: $1,434,4792021Assets 2022: $7,897,461Liabilities 2022: $5,629,694Net Assets 2022: $2,267,7672022Assets 2023: $15,868,498Liabilities 2023: $13,214,047Net Assets 2023: $2,654,4512023Assets 2023: $15,868,498Liabilities 2023: $13,214,047Net Assets 2023: $2,654,4512023Assets 2024: $23,738,677Liabilities 2024: $20,633,821Net Assets 2024: $3,104,8562024

Highlighted filing

2023

Assets$15,868,498
Liabilities$13,214,047
Net Assets$2,654,451
Open 2023 Filing

Operations Trend

Revenue Growth13th percentile

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

$3.0M$2.0M$1.0M$0Revenue 2017: $86,128Expenses 2017: $69,258Net Income 2017: $16,8702017Revenue 2018: $150,981Expenses 2018: $64,841Net Income 2018: $86,1402018Revenue 2019: $196,827Expenses 2019: $146,046Net Income 2019: $50,7812019Revenue 2020: $365,930Expenses 2020: $330,080Net Income 2020: $35,8502020Revenue 2021: $1,718,671Expenses 2021: $488,209Net Income 2021: $1,230,4622021Revenue 2022: $913,513Expenses 2022: $80,225Net Income 2022: $833,2882022Revenue 2023: $657,152Expenses 2023: $270,468Net Income 2023: $386,6842023Revenue 2023: $657,152Expenses 2023: $270,468Net Income 2023: $386,6842023Revenue 2024: $2,021,484Expenses 2024: $1,578,914Net Income 2024: $442,5702024

Highlighted filing

2023

Revenue$657,152
Expenses$270,468
Net Income$386,684
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.1
Gross Receipts
$713,073
Mission and Program Overview

Mission

Our mission is to create affordable homes in intentional and integrated communities for adults with and without developmental disabilities

The organization will create affordable homes, including build an 80-unit apartment set to open in 2024.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$902,637$922,689▲ $20,052
Savings and Temporary Cash Investments$1,067,561$413,437▼ $654,124
Cash and Non-Interest-Bearing Accounts$261,941$402,309▲ $140,368
Prepaid Expenses and Deferred Charges-$457-
Total Assets$7,897,461$15,868,498▲ $7,971,037
Other Assets Total$5,665,322$14,129,606▲ $8,464,284
Liabilities
Other Liabilities$5,337,694$12,914,097▲ $7,576,403
Mortgage Notes Payable Secured by Investment Property$292,000$292,100▲ $100
Accounts Payable and Accrued Expenses-$7,850-
Total Liabilities$5,629,694$13,214,047▲ $7,584,353
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,267,767$2,654,451▲ $386,684
Total Net Assets Fund Balance$2,267,767$2,654,451▲ $386,684
Total Liabilities and Net Assets / Fund Balance$7,897,461$15,868,498▲ $7,971,037

Asset Categories

AssetBook ValueDepreciationBasis
Land$907,120-$907,120
Equipment$15,569-$15,569
Other Assets Org$398,942--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Danette HendersonBoard President
Christopher RoeDirector
Colin LarsonDirector
Jim ShipmanDirector
Ken WilkinsonDirector
Lois BrassfieldDirector
Steve PersichettiDirector
Barbara ZieglerExecutive Director
Beth RodriguezSecretaryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$533,750
Program Service Revenue
$157,555
Investment Income
$21,768
Other Revenue
$-55,921
All Other Contributions
$357,730
Change in Net Assets
$386,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,399
Other Expenses$121,069
Total Fundraising Expense$17,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$149,399-$149,399
Interest-$49,803-$49,803
All Other Expenses$15,962$154-$16,116
Fees for Services Legal-$15,228-$15,228
Advertising--$14,773$14,773
Office Expenses-$12,476$108$12,584
Fees for Services Accounting-$5,942-$5,942
Insurance-$1,924-$1,924
Other Expenses-$166$2,522$166
Fees for Services Other-$7-$7
Total Functional Expenses$15,962$237,103$17,403$270,468
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$58,838
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Josh Blue----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
FWT Construction Loan$8,024,929
CHFA - Sub Loan$4,000,000
Promissory Notes$806,900
Construction Expense Payable$49,992
Accrued interest$32,276
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Process to review form 990: the president, treasurer and executive director will review and formallyapprove the form 990. It will be available to all other board members forreview if they desire.”

Conflict of interest policy compliance Part VI line 12C

“Conflict of interest compliance: a conflict of interest policy has been drafted and sent to all boardmembers for signatures. All board members fill it out and sign when theyjoin the board and annually thereafter. Conflicts are monitored by theexecutive committee, and should a conflict exist, the member abstainsfrom voting on the matter.”

Governing documents etc available to public Part VI line 19

“Availability of governing documents: all documents (minutes, financials, contracts, invoices, etc) areavailable to board members online and to the public upon request. Theywill be emailed to anyone who asks.”

Filing and Contact Details

Filer

Filer Name
Stepping Stone Communities Inc
EIN
81-1530004
Address
11757 W Ken Caryl Ave Suite F-426, Littleton, CO 80127
Doing Business As
Trailhead Community

Signing Officer

Name
Barbara Ziegler
Title
Executive Direc
Phone
3035250668
Signed
2024-05-14
Discuss with paid preparer
No

Organization Details

Formed
2015
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
CFO Forward Inc
Address
1786 Chatham Village Dr, Fleming Island, FL 32003
Preparer
Lisa Gering
Phone
3035514824
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Rounding difference -1”

List of other expenses Part IX line 24E

“TOTAL PROGRAM MANAGEMENT FUNDRAISING DESCRIPTION FEES SERVICE EXP AND GENERAL EXPENSESEngineering 26,025 26,025Interior Design Services 23,743 23,743Site Development 488 488Utility Fees 90,759 90,759Totals 141,015 141,015”

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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt015569
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015569
IRS990ScheduleD/LandGrp/BookValueAmt0907120
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0907120
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09239686
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1704471
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2541900
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31438654
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4951318
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt546250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6808385
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt7398942
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CIP-Construction in Progress
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CIP-Land
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CIP-Legal Acctng & Insurance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CIP-Permitting
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4CIP-Professional Services
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5CIP-Project Financing
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6CIP-Project Mgt & Admin
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7CIP-Utility Fees
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8Escrow Deposit-CHFA
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Construction Expense Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CHFA - Sub Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2FWT Construction Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Promissory Notes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Accrued interest
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt014129606
IRS990ScheduleD/TotalLiabilityAmt012914097
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Josh Blue
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROCESS TO REVIEW FORM 990: THE PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR WILL REVIEW AND FORMALLYAPPROVE THE FORM 990. IT WILL BE AVAILABLE TO ALL OTHER BOARD MEMBERS FORREVIEW IF THEY DESIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST COMPLIANCE: A CONFLICT OF INTEREST POLICY HAS BEEN DRAFTED AND SENT TO ALL BOARDMEMBERS FOR SIGNATURES. ALL BOARD MEMBERS FILL IT OUT AND SIGN WHEN THEYJOIN THE BOARD AND ANNUALLY THEREAFTER. CONFLICTS ARE MONITORED BY THEEXECUTIVE COMMITTEE, AND SHOULD A CONFLICT EXIST, THE MEMBER ABSTAINSFROM VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABILITY OF GOVERNING DOCUMENTS: ALL DOCUMENTS (MINUTES, FINANCIALS, CONTRACTS, INVOICES, ETC) AREAVAILABLE TO BOARD MEMBERS ONLINE AND TO THE PUBLIC UPON REQUEST. THEYWILL BE EMAILED TO ANYONE WHO ASKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rounding difference -1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TOTAL PROGRAM MANAGEMENT FUNDRAISING DESCRIPTION FEES SERVICE EXP AND GENERAL EXPENSESEngineering 26,025 26,025Interior Design Services 23,743 23,743Site Development 488 488Utility Fees 90,759 90,759Totals 141,015 141,015
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015962
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IRS990/TotalGrossUBIAmt00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,868,498
Liabilities
$13,214,047
Net assets
$2,654,451
Revenue
$657,152
Expenses
$270,468
Net income
$386,684
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$20.6$3.10$2.02$1.58$0.44
2023Detailed filing. Detailed filing data is available for this year.$15.9$13.2$2.65$0.66$0.27$0.39
2023Summary only. Only limited summary data is available for this year.$15.9$13.2$2.65$0.66$0.27$0.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.90$5.63$2.27$0.91$0.08$0.83
2021Summary only. Only limited summary data is available for this year.$1.50$0.07$1.43$1.72$0.49$1.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.11$0.20$0.37$0.33$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.00$0.17$0.20$0.15$0.05
2018Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.15$0.06$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$0.09$0.07$0.02