Second Chances Inc
- Assets
- $264.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 30-0307254
Organization Overview
Second Chances Inc is located in Somerville, MA. The organization was established in 2005. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Chances Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Second Chances Inc generated $199.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $149.5k during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Shapiro CEO President | 37.5 | $79,846 | |
Daniele Levine Director | 2 | $0 | |
Katherine Berliner Clerk | 2 | $0 | |
Paul Connolly Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,346 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,346 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $112,128 |
| Professional fees and other payments to independent contractors | $3,378 |
| Occupancy, rent, utilities, and maintenance | $8,145 |
| Printing, publications, postage, and shipping | $1,680 |
| Other expenses | $24,142 |
| Total expenses | $149,473 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $245,493 |
| Other assets | $0 |
| Total assets | $264,832 |
| Total liabilities | $104 |
| Net assets or fund balances | $264,728 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Second Chances Inc has recieved totaling $43,652.
| Awarding Organization | Amount |
|---|---|
Oneworld Boston Inc Woburn, MA PURPOSE: COMMUNITY WELFARE PROGRAM | $20,000 |
D Squared Foundation Inc Mansfield, MA PURPOSE: CHARITABLE DONATION | $10,000 |
Cambridge Savings Charitable Foundation Inc Cambridge, MA PURPOSE: EXEMPT PURPOSE | $5,100 |
East Boston Saving Bank Charitable Foundation Inc Rockland, MA PURPOSE: EXEMPT PURPOSES | $3,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $1,000 |
William & Karen Tell Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pine Street Inn Inc Boston, MA | $152,996,753 | $83,069,628 |
Homes For The Homeless Inc New York, NY | $10,568,614 | $34,991,198 |
Mental Health Association Inc Springfield, MA | $24,503,185 | $33,817,853 |
Massachusetts Housing And Shelter Alliance Inc Boston, MA | $14,798,705 | $19,380,328 |
Crossroads Rhode Island Providence, RI | $33,809,846 | $18,689,220 |
Saint Francis House Inc Boston, MA | $32,573,863 | $23,473,154 |
Emmaus Inc Haverhill, MA | $9,664,001 | $8,628,211 |
Housing Families Inc Malden, MA | $3,872,051 | $8,658,783 |
Broadway Housing Communities Inc New York, NY | $14,007,162 | $9,859,889 |
Connecticut Coalition To End Homelessness Inc Hartford, CT | $5,519,613 | $6,168,107 |
Polish Community Center Of Buffalo Inc Buffalo, NY | $10,138,351 | $5,590,948 |
Somerville Homeless Coalition Incorporated Somerville, MA | $2,665,813 | $5,904,274 |