Second Chances Foundation INC FY2021 filing

Tax-deductible

Memphis, TN501(c)(3)HousingEIN 26-1510916

This page gets seen. Tell your story. Claim this org.

Providing safe, affordable, alcohol-free, and drug-free housing to clients in rehabilitation in the memphis regional community.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$41K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $20K a year · 5% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$409K
+11% vs prior year
Spent
$420K
To programs
83%
Net assets
$107K
By yearFY2019–FY2024
Revenue
$409K
FY2021▲ +11%
Revenue by fiscal year
FY2019$427K
FY2020$369K
FY2021$409K
FY2022$328K
FY2023$463K
FY2024$354K
Expenses
$420K
FY2021▼ -11%
Expenses by fiscal year
FY2019$461K
FY2020$470K
FY2021$420K
FY2022$343K
FY2023$412K
FY2024$368K
Net assets
$107K
FY2021▼ -9%
Net assets by fiscal year
FY2019$219K
FY2020$117K
FY2021$107K
FY2022$93K
FY2023$143K
FY2024$130K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $350K Management & general 17% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

10 people listed on the 990; $41K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$40,800Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Walter Williams’s $41K as Executive Dir. is at the 31st percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Walter Williams$40,800$33,354

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Second Chances Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers safe, affordable housing for people in rehabilitation.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $350K · in their own filed words · FY2021
01

The foundation provided safe and sober housing for men and women during 2020. Each participant is required to work a program of recovery through attendance in a 12-STEP fellowship program and on-site support meetings. Developed relationships with treatment providers for intensive out-patient programs for addictions.

$350Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$409K
Ln 12
Fees for servicesLn 2g$268K
Gifts and grantsLn 1h$135K
Other incomeLn 4–11$7K
Money outPt IX
$420K
Ln 25
Programscol B$350K
Managementcol C$69K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$112K
LiabilitiesLn 26$5K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$135K
Government grantsLn 1e$4K
Fees for servicesLn 2g$268K
Other incomeLn 4–11$7K
Total revenueLn 12$409K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
Land, buildings, equipmentLn 10c$97K
Total assetsLn 16$112K
LiabilitiesLn 26$5K
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 526
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$23K$16K
Land, buildings, equipmentLn 10c$105K$97K
Total assetsLn 16$128K$112K
LiabilitiesLn 26$10K$5K
Net assetsLn 32$117K$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$41K$41K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$188K$188K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$17K$14K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$0
Office expensesLn 13$9K$9K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$42K$21K$21K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$22K$20K$2K
Other expenses (24a–d)Ln 24$88K$88K
All other expensesLn 24e$0
Total functional expensesLn 25$420K$350K$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $354K$368K−$13K$130K 990 PDF
FY2023 $463K$412K$51K$143K 990 PDF
FY2022 $328K$343K−$14K$93K 990 PDF
FY2021 Viewing $409K$420K−$10K$107K 990 PDF
FY2020 $369K$470K−$101K$117K 990 PDF
FY2019 $427K$461K−$34K$219K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $409,427 across 6 lines filed
VIII-1e Government grants$4,100
VIII-1f All other contributions, gifts and grants$74,380
VIII-1h Total contributions, gifts and grants$134,721
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $267,699$267,699
VIII-8 Net income from fundraising events$7,007
VIII-12 Total revenueRelated to mission $267,699$409,427
Part IX · Statement of functional expenses $419,852 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $40,800$40,800
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $187,688$187,688
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $14,358 · Management $3,121$17,479
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $3,127$3,127
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $9,149$9,149
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $20,880 · Management $20,880$41,760
IX-17 TravelManagement $2,406$2,406
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $7,830$7,830
IX-23 InsurancePrograms $19,685 · Management $2,187$21,872
IX-24 Other expenses (24a–d)Programs $87,741$87,741
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $350,458 · Management $69,394 · Fundraising $0$419,852
Part X · Balance sheet $112,491 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $22,978$15,583
X-10c Land, buildings and equipment, netStart of year $104,738$96,908
X-16 Total assetsStart of year $127,716$112,491
X-17 Accounts payable and accrued expensesStart of year $40$40
X-26 Total liabilitiesStart of year $10,240$5,440
X-32 Total net assets or fund balancesStart of year $117,476$107,051
X-33 Total liabilities and net assetsStart of year $127,716$112,491
Part XI · Reconciliation of net assets $107,051 net assets at year end
XI-1 Total revenue$409,427
XI-2 Total expenses$419,852
XI-3 Revenue less expenses−$10,425
XI-4 Net assets at start of year$117,476
XI-10 Net assets at end of year$107,051

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.