2nd Story
- Assets
- $13.0m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-0417729
Organization Overview
2nd Story is located in Santa Barbara, CA. The organization was established in 2009. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2nd Story 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 12/2022, 2nd Story generated $10.9m in total revenue. All expenses for the organization totaled $271.1k during the year ending 12/2022. While expenses have increased by 27.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST LOW-INCOME INDIVIDUALS AND FAMILIES BASED UPON SPECIAL NEEDS AND REQUESTS; AND OTHER RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING TO LOWER INCOME HOUSEHOLDS.
PAID FOR GOODS AND SERVICES FOR THE BENEFIT OF APPROXIMATELY 500 LOW-INCOME INDIVIDUALS AND FAMILIES. THE LARGEST OF THESE GRANTS, 450 BACK PACKS AND OTHER SCHOOL SUPPLIES PROVIDED TO LOW-INCOME CHILDREN (GRADES K-12).
PROVIDED RESOURCES TO LOW-INCOME INDIVIDUALS AND FAMILIES TO FIND HOUSING ASSISTANCE; AND CONTRIBUTE TO THE DEVELOPMENT OF LOW-INCOME HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Loza President | OfficerTrustee | 1 | $0 |
Rob Fredericks Secretary | OfficerTrustee | 1 | $0 |
Kathleen Baushke Treasurer | OfficerTrustee | 1 | $0 |
Skip Szymanski Vice President | OfficerTrustee | 1 | $0 |
Laurel Sykes Board Member | Trustee | 1 | $0 |
Annmarie Cameron Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,555,305 |
| Noncash contributions included in lines 1a–1f | $10,450,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,630,305 |
| Total Program Service Revenue | $230,216 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,888,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,977 |
| Grants and other assistance to domestic individuals. | $39,488 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,896 |
| Fees for services: Legal | $34 |
| Fees for services: Accounting | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,004 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,333 |
| Insurance | $4,035 |
| All other expenses | $2,753 |
| Total functional expenses | $271,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,902 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,940 |
| Net Land, buildings, and equipment | $12,547,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,756 |
| Total assets | $13,032,016 |
| Accounts payable and accrued expenses | $26,500 |
| Grants payable | $0 |
| Deferred revenue | $7,402 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,190,973 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,500 |
| Total liabilities | $2,228,375 |
| Net assets without donor restrictions | $10,803,641 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,032,016 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 2nd Story has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: HOUSING, SHELTER | $22,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elwyn California San Jose, CA | $38,347,314 | $73,477,787 |
City Of Scottsdale Municipal Property Corp Scottsdale, AZ | $479,997,584 | $48,828,086 |
Habitat For Humanity International Inc Oakland, CA | $41,053,789 | $44,589,163 |
National Community Renaissance Of California Rancho Cucamonga, CA | $192,617,949 | $51,023,842 |
Bridge Housing Corporation San Francisco, CA | $222,728,888 | $38,426,338 |
Baywood Apartments Inc Hayward, CA | $6,801,146 | $110,627 |
Eden Development Inc Hayward, CA | $30,040,019 | $4,613,123 |
Habitat For Humanity International Inc Bellflower, CA | $37,732,130 | $31,053,929 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Millennium Housing Corporation Costa Mesa, CA | $189,019,442 | $31,052,319 |
Chinatown Community Development Center Inc San Francisco, CA | $109,257,292 | $38,436,421 |
Self Help Enterprises Visalia, CA | $105,976,522 | $29,798,676 |