2ndchanceproject
- Assets
- $39.7k
- Revenue
- $375.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Saint Paul, MN
- Founding
- Data as of
- 12/2022
- EIN
- 85-1769927
Organization Overview
2ndchanceproject is located in Saint Paul, MN. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, 2ndchanceproject employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2ndchanceproject 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, 2ndchanceproject generated $375.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $363.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.8%) per year over the past 3 years. 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
#2ND CHANCE PROJECT'S MISSION AND VISION IS TO PROVIDE SHELTER AND HYGIENCE NECESSITIES TO HOMELESS INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE GUN VIOLENCE AWARENESS COMMUNITY EVENTS, FRIENDS AND FAMILY DIRECTLY, OR INDIRECTLY HAVE BEEN TRAGICALLY AFFECTED BY SENSELESS ACTS OF VIOLENCE, PREDOMINATELY, GUN VIOLENCE, COME TOGETHER, TALK, BRAINSTORM AND FORM A BOND IN WHICH THEY CAN RELATE TO. HELPING EACH OTHER COPE AND FIND WAYS TO MAKE CHANGES. IN DIRE NEED AND HOPE TO INSTILL THOSE CHANGES IN THE COMMUNITY DECEMBER 7TH 2022, 2ND CHANCE PROJECT HOSTED A STOP THE VIOLENCE COMMUNITY EVENT AT THE BROOKLYN CENTER COMMUNITY CENTER, WHERE SPEAKER KG WILSON WAS IN ATTENDANCE WITH MUSIC, FOODS AND ENTERTAINMENT.
IN 2022, 2ND CHANCE PROJECT HELD THE MASTER LEASE FOR THE FREEMONT LOCATION, WHICH WAS ABLE TO HOUSE 3 CLIENTS, POTENTIALLY FACING HOMELESSNESS, IN RECOVERY OR SUFFERED FROM MENTAL ILLNESS. STATE OPIOID RESPONSE -SOR PROGRAM, PROVIDED TEMPORARY HOUSING AND SHELTER, BASIC NECESSITIES AND FOODS TO MANY INDIVIDUAL USING VARIOUS HOTELS THROUGH OUT THE CITIES. S.O.R, WAS ABOUT TO MAINTAIN EMPLOYMENT FOR 6 INDIVIDUALS AS WELL AS MANY CERTIFIED PEER RECOVERY SPECIALISTS. NOT ONLY DID 2022 PROVIDE THE FUNDS TO SET THE BAR FOR COMMUNITY AWARDS THAT LATER CAME IN 2023, S.O.R ALSO ALLOWED FUNDING FOR ADDITIONAL HOUSING, FROM 1 HOUSING LOCATION TO 5.
2ND CHANCE PROJECT PROVIDE EDUCATIONAL AND DEVELOPMENT FOR EMPLOYEE'S TO BETTER UNDERSTAND THE MISSION AND VISION OF THE ORGANZATION. WE ALSO PROVIDE HOUSING STABILITY AND ALL OTHER RELATED NECESSITIES TO THE HOMELESS WHO ARE IN NEED OF FOODS, HYGIENCE SUPPLIES AND SHELTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Letricia Tate President | Trustee | 2 | $0 |
Taylor Threatt Secretary | Trustee | 2 | $0 |
William Baker Board Member | Trustee | 2 | $0 |
Nathan Pingy Board Member | 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 | $243,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,476 |
| Total Program Service Revenue | $131,893 |
| 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 | $375,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $170,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $126 |
| Office expenses | $6,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,355 |
| All other expenses | $9,807 |
| Total functional expenses | $363,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,672 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,672 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $39,672 |
| Total liabilities and net assets/fund balances | $39,672 |