Saint Stephens Way Inc

Nonprofit profile at a glance

EIN
455390085
IRS 990 coverage
2018–2023
Forms available
Form 990 2023, Form 990-N 2016
Location
Melbourne, FL, USA
Phone
3213068873
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$865,520
Expenses
$542,446
Assets
$11,662,354
Liabilities
$8,366,690

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • EDWARD STRUTTMANN (PRESIDENT)
  • DONALD LEES (VICE PRESIDENT)

Highest reported compensation

  • JOHN E FARRELL (ED/SECRETARY THRU 3/14/24): $54,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

St. Stephens way provides affordable housing along with supportingservices to homeless families referred by the brevard housing authority and catholic charities.

What it reported doing in 2023

Support services: the organization provides services to its residents including career development, leadership training, financial budgeting, nutrition and stress management, communication skills, continuing education, decision making skills, and scripture study. These services are provided in the holman center which is on the same campus as the 40 homes.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 87
  • Accountability: 69
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47.1%; rating input score 47
  • Program expense ratio: 73.8%; rating input score 74
  • Fundraising efficiency: $16.32 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 37.3%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 21.5; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 10%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 50.7% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 15.3% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 59.2% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 47.1% of revenue deployed · 73.8% of spending went to programs
  • Governance: 10 of 11 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $400K in reported program spending
  • Leadership: top reported pay $54K · 13 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 5 filing years from 2018 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 53/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.