Second St & Hope Inc
- Assets
- $2.4m
- Revenue
- $108.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 10/2002
- Data as of
- 09/2021
- EIN
- 33-1027333
Organization Overview
Second St & Hope Inc is located in Frederick, MD. The organization was established in 2002. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second St & Hope 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 09/2021, Second St & Hope Inc generated $108.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.9%) each year. All expenses for the organization totaled $79.6k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ALLEVIATE THE PAIN OF PERSONAL POVERTY THROUGH EMERGENCY PROVISION, AND ELIMINATE THE PROBLEM OF PERSISTENT POVERTY THROUGH PERSONAL MENTORING AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECOND STREET & HOPE IS ABLE TO FEED, CLOTHE, SHELTER AND PROVIDE SPIRITUAL GUIDANCE FOR THE HOMELESS, ADDICTED AND WORKING POOR OF FREDERICK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Clements President | OfficerTrustee | 2 | $0 |
Patrick O'toole Vice Preside | OfficerTrustee | 2 | $0 |
Jamie Eaton Secretary | OfficerTrustee | 2 | $0 |
Ken Switzer Treasurer | OfficerTrustee | 2 | $0 |
Bill James Director | Trustee | 2 | $0 |
Susan Scarvalone Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,936 |
| Total Program Service Revenue | $0 |
| Investment income | $91,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,921 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,409 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $163 |
| Information technology | $84 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,944 |
| All other expenses | $95 |
| Total functional expenses | $79,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,359,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,408,585 |
| Accounts payable and accrued expenses | $1,418 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,418 |
| Net assets without donor restrictions | $2,407,167 |
| 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 | $2,408,585 |
Grants Awarded
Over the last fiscal year, Second St & Hope Inc has awarded $36,421 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RAINBOW OF LOVE RECOVERY FOUNDATION | | | $15,000 |
Frederick, MD | | $9,000 |
Frederick, MD | | $6,500 |
New Market, MD | | $5,921 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Second St & Hope Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ausherman Family Foundation Inc Frederick, MD PURPOSE: FOR SUPPORT OF EXEMPT PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gaudenzia Drc Inc Philadelphia, PA | $2,804,260 | $7,764,450 |
Bucks County Drug And Alcohol Commission Inc Doylestown, PA | $2,860,388 | $9,030,569 |
Council On Chemical Abuse Inc Reading, PA | $3,455,202 | $7,706,067 |
Institutes For Behavior Resources Inc Baltimore, MD | $15,009,295 | $9,936,259 |
International Alliance For Responsible Drinking Inc Washington, DC | $3,985,431 | $7,220,336 |
First Choice Services Inc Charleston, WV | $3,997,475 | $8,221,305 |
Fresh Start Foundation Lafayette Hill, PA | $1,917,109 | $5,960,246 |
Center For Adoption Support And Education Inc Burtonsville, MD | $4,864,534 | $6,834,495 |
Conexio Care Inc Claymont, DE | $16,708,195 | $2,575,640 |
Armstrong-Indiana-Clarion Drug And Alcohol Commission Inc Shelocta, PA | $1,476,746 | $4,905,271 |
Blair County Drug And Alcohol Program Incorporated Altoona, PA | $1,737,161 | $5,150,211 |
Carbon Monroe Pike Drug And Alcohol Commission Inc Stroudsburg, PA | $943,840 | $3,431,563 |