Stepping Stone Housing, Inc.

aka Stepping Stone Housing, Inc.   |   DAMARISCOTTA, ME   |
GuideStar Charity Check

Stepping Stone Housing, Inc.

EIN: 46-4169760


Stepping Stone Housing is a local, volunteer run, grassroots program dedicated to helping those who earn less than a living wage find housing as a "stepping stone" to a better life.

Ruling year info



Pastor Marilee Harris

Main address

PO Box 21


Show more contact info



Subject area info

Housing development

Housing services

Homeless services

Population served info



Homeless people

Low-income people

NTEE code info

Other Housing Support Services (L80)

Homeless Services/Centers (P85)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms


Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Lincoln County Maine has a shortage of affordable rental housing. According to the Maine State Housing website almost 60% of rental households are not able to afford the median rent. Stepping Stone Housing strives to provide affordable housing by providing housing units for no more that 40% of household income. Our average monthly rental is well below the county median rental of $808.00 per month. In fact it is less than one-half of the median. We are striving to provide a "step up" to those earning less than a living wage.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Blue Haven

Housing Development in Damariscotta

Population(s) Served

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our goal is to acquire and develop more residential units for affordable housing, emergency housing and transitional housing.

We hope to solicit grants and contributions as well as leveraging our existing assets to develop properties we currently own and acquire new properties.

We have established relationships with area grantors and organizations who support our program and goals. We have a lot of support from area churches. Since we are completely volunteer run and have extremely low overhead we are a trusted partner for our donors and stakeholders.

We have acquired and maintain four properties in three Lincoln County towns. Our immediate goal is to add more dwelling units to one of our properties in Damariscotta which has the potential for additional multiple units.


Stepping Stone Housing, Inc.
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990


Average of 0.25 over 9 years

Months of cash in 2022 info

SOURCE: IRS Form 990


Average of 14 over 9 years

Fringe rate in 2022 info

SOURCE: IRS Form 990


Average of 5% over 9 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Stepping Stone Housing, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Stepping Stone Housing, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Stepping Stone Housing, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Stepping Stone Housing, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $175,706 $3,530 $183,171 $191,694 $147,620
As % of expenses 148.0% 3.6% 275.8% 197.5% 136.0%
Unrestricted surplus (deficit) after depreciation $157,645 -$17,250 $159,178 $162,038 $109,643
As % of expenses 115.3% -14.4% 176.1% 127.9% 74.8%
Revenue composition info
Total revenue (unrestricted & restricted) $294,437 $164,635 $187,390 $303,768 $263,161
Total revenue, % change over prior year 66.7% -44.1% 13.8% 62.1% -13.4%
Program services revenue 16.9% 28.5% 24.8% 16.7% 23.9%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 6.2%
All other grants and contributions 83.1% 73.9% 75.2% 83.3% 69.8%
Other revenue 0.0% -2.4% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $118,721 $98,705 $66,414 $97,075 $108,540
Total expenses, % change over prior year 32.8% -16.9% -32.7% 46.2% 11.8%
Personnel 31.2% 28.8% 2.3% 1.4% 0.0%
Professional fees 0.0% 0.0% 0.6% 0.9% 0.0%
Occupancy 31.0% 31.4% 58.8% 54.3% 67.8%
Interest 15.0% 17.3% 24.2% 16.0% 17.5%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 22.7% 22.6% 14.1% 27.4% 14.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $136,782 $119,485 $90,407 $126,731 $146,517
One month of savings $9,893 $8,225 $5,535 $8,090 $9,045
Debt principal payment $98,739 $9,671 $0 $11,338 $0
Fixed asset additions $187,422 $0 $137,217 $257,824 $217,119
Total full costs (estimated) $432,836 $137,381 $233,159 $403,983 $372,681

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 9.2 15.3 33.0 16.3 15.9
Months of cash and investments 9.2 15.6 33.7 16.3 16.4
Months of estimated liquid unrestricted net assets 11.4 13.4 30.9 11.5 11.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $90,679 $126,104 $182,458 $131,735 $143,677
Investments $0 $2,566 $4,145 $0 $5,008
Receivables $32,389 $54,510 $10,833 $4,434 $3,170
Gross land, buildings, equipment (LBE) $808,161 $801,829 $940,432 $1,197,096 $1,414,215
Accumulated depreciation (as a % of LBE) 5.0% 7.4% 9.0% 9.4% 10.7%
Liabilities (as a % of assets) 44.4% 41.7% 37.7% 31.7% 32.8%
Unrestricted net assets $494,770 $477,520 $636,698 $798,736 $908,379
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $62,400 $20,000 $35,000 $42,000
Total net assets $494,770 $539,920 $656,698 $833,736 $950,379

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization


Pastor Marilee Harris

Marilee joined the Stepping Stone Housing Board in 2016. She was hired as executive director on July 1, 2016 and served until August 31, 2019 when she accepted a full-time teaching position. She was immediately elected as president at the September 2019 meeting succeeding Bill Howlett and becoming SSHI’s second president. Marilee is also the pastor at the Damariscotta Baptist Church and has a passion for the mission of SSHI.

Number of employees

Source: IRS Form 990

Stepping Stone Housing, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Stepping Stone Housing, Inc.

Board of directors
as of 06/11/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Marilee Harris

Marilee Harris

Mal Briggs

Carolyn Neighoff

Kellie Peters

Lonnie Anderson

Kimberley Tolley

Bruce Bachelder

Ken Lydecker

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 9/30/2020

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity


Sexual orientation