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Next Step Network Inc

Next Step Network Inc

Louisville, KY 40204
Tax ID61-1656588

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About this organization

Revenue

$1,960,777

Expenses

$1,687,940

Website

nextstepus.org

Mission

Putting sustainable homeownership within reach of everyone, while transforming the manufactured housing industry through consumer education, affordability, and energy efficiency.

About

NEXT STEP NETWORK, INC. IS A NATIONAL, NONPROFIT HOUSING INTERMEDIARY THAT WORKS TO PROMOTE EXPANDED USE OF FACTORY-BUILT HOUSING AS A VIABLE SOLUTION TO ADDRESS HOUSING AFFORDABILITY. OUR ORGANIZATION MOBILIZES A NATIONAL NETWORK OF MISSION-DRIVEN NONPROFITS, LEADERS IN THE MANUFACTURED HOUSING INDUSTRY AND LENDING INSTITUTIONS SERVING HOME BUYERS AND HOMEOWNERS IN THEIR COMMUNITIES. NEXT STEP'S SYSTEM - MANUFACTURED HOUSING DONE RIGHT - CONNECTS RESPONSIBLE FINANCING, COMPREHENSIVE HOMEBUYER EDUCATION AND DELIVERY OF HIGH-QUALITY, ENERGY STAR MANUFACTURED HOMES AT SCALE, CREATING A MODEL THAT BRINGS MORE VALUE TO THE HOMEOWNERS AND COMMUNITIES. IN 2014, NEXT STEP HOMES, LLC, WAS CREATED - WITH NEXT STEP NETWORK, INC. AS ITS SOLE PARENT. NEXT STEP HOMES, LLC HAS A CONTRACTUAL AGREEMENT WITH NEXT STEP NETWORK, INC. TO FACILITATE THE ORDERING, MANUFACTURE, SALES, AND INSTALLATION OF FACTORY-BUILT HOMES TO A NATIONAL NETWORK OF NONPROFIT HOUSING AND COMMUNITY DEVELOPMENT ORGANIZATIONS. IN ADDITION TO FACILITATING HOME ORDERS, NEXT STEP HOMES PROVIDES CONSULTING AND FEE-FOR- SERVICE FOR PROJECT PLANNING AND RELATIONSHIP MANAGEMENT TO NONPROFIT AND INDUSTRY ORGANIZATIONS. IN 2016, NEXT STEP NETWORK, INC. ENTERED INTO A CONTRACTUAL AGREEMENT WITH FREDDIE MAC TO CONDUCT A SMARTMH PILOT OVER TWO YEARS TO BUILD INFRASTRUCTURE, RAISE AWARENESS, AND TRAIN PARTNERS FOR A HOMEBUYER COUNSELING REFERRAL PROGRAM WITH LENDERS AND MANUFACTURED HOUSING RETAILERS IN KENTUCKY. THE PILOT WAS SUCCESSFUL, AND THE CONTRACT WAS RENEWED THROUGH DECEMBER 2019 WITH FREDDIE MAC SUPPORTING PROGRAM EXPANSION TO TENNESSEE, NORTH CAROLINA, TEXAS, SOUTHERN CALIFORNIA AND MISSISSIPPI. AS FREDDIE MAC DELIVERABLES ARE ACHIEVED, NEXT STEP NETWORK, INC. SUBMITS A MONTHLY INVOICE FOR PAYMENT OF SERVICE. THIS REVENUE IS CONSIDERED EARNED REVENUE AND IS NOT GRANT REVENUE. NEXT STEP ALSO EXPANDED ITS NETWORK MEMBERSHIP TO INCLUDE ADDITIONAL NONPROFIT AGENCIES, AS WELL AS RETAILERS LENDING INSTITUTIONS AND OTHER INDUSTRY PARTNERS, IN ADDITION TO INTRODUCING A DUES STRUCTURE FOR MEMBERSHIP. NEXT STEP ALSO ENTERED INTO A CONTRACT WITH FANNIE MAE TO PROVIDE TRAINING TO HOUSING COUNSELORS.

Interesting data from their 2020 990 filing

The non-profit's mission, as documented in the filing, is “Putting sustainable homeownership within reach of everyone, while transforming the manufactured housing industry through consumer education, affordability and energy-efficiency.”.

When explaining its purpose, the activities were described as: “Putting sustainable homeownership within reach of everyone, while transforming the manufactured housing industry through consumer education, affordability and energy-efficiency.”.

  • The non-profit is legally allowed to operate in the state of DE, as reported.
  • The filing provides the non-profit's address in 2020 as 4350 BROWNSBORO ROAD STE 110, LOUISVILLE, KY, 40207.
  • The non-profit has a total of 12 employees, as reported on their form for 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $272,837.
  • The CEO compensation strategy within the organization is determined through a review and approval process by a neutral party.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 12 independent voting members.
  • The organization was formed in 2011.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $1,067,598 in salary, compensation, and benefits to its employees.
  • The organization pays $92,243 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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