Second Chances Foundation INC FY2023 filing
Offers safe, affordable housing for people in rehabilitation. For fiscal year 2023 it reported $463K in revenue, $412K in expenses, and $143K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Housing
- Location
- Memphis, TN
- Website
- www.midsouthsoberliving.org
- Filings
- 6 on file (2019–2023)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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
| Name | FY2021 | FY2020 |
|---|---|---|
| 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.
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Where the work happens
The foundation provided safe and sober housing for men and women during 2023. 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
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 89% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 41% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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