Second Wind Cottages INC EIN 47-1807433 Form 990 (PDF) Claim this org

Second Wind Cottages INC FY2022 filing

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Provides housing support for homeless adults in Tompkins County, New York. For fiscal year 2022 it reported $399K in revenue, $106K in expenses, and $1.3M in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Housing
Location
Newfield, NY
Website
www.secondwindcottages.org
Filings
5 on file (2020–2022)
Revenue
$399KFY2022
Expenses
$106K
Net assets
$1.3M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1807433 Public charity (501(c)(3)) Newfield, NY Founded 2015
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides housing support for homeless adults in Tompkins County, New York.
Leadership
Carmen Guidi · Chairman
Money in and out
$399K revenue, $106K expenses
Bottom line
48% program efficiency
Where the money goes · FY2022
Total revenue
$399K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $293K
Where spending went · Part IX cols B–D
Program services $0.48 Management & general $0.51 Fundraising $0.01
Program efficiency
48%
of spending reaches programs
Operating runway
83.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+74%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$399K
FY2022▲ +56%
Expenses
$106K
FY2022▼ -41%
Total assets
$1.3M
FY2022▲ +30%
Total liabilities
$5K
FY2022▲ +58%
Total revenue
$399K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$293K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $50K of program spending, described in the organization's own filed words · FY2021.
01

Provided housing and practical support for 18 formerly homeless men in 18 cottages for entire fiscal year.

$39Kprogram expense
02

Homeless Crisis Alleviation

Through advocacy and distribution of needed supples, second wind strives to build friendships with people who are experiencing homelessness and assist them to access resources to change their lifestyle.

$10Kprogram expense
03

Building a multi-unit facility to house and walk with homeless adult women and their children toward restored lives.

$1Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSecond Wind Cottages INC
EINHdr · item D47-1807433
Principal addressHdr · item CNewfield, NY
WebsiteHdr · item Jwww.secondwindcottages.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Assoc Member
$0Pt VII · Sec A

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

NameFY2024FY2023FY2023
David Shapiro$26,400$78,000$27,100

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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Statement of Revenue

Part VIII
Contributions & grants$356K · 89%
Program service revenue$43K · 11%
Contributions & grants89%$356K
Program service revenue11%$43K
Investment income$273
Other revenue$96
— government grantsLn 1e$120K
Total revenueLn 12$399K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.48 Management & general $0.51 Fundraising $0.01
Program services48%$50K
Management & general51%$54K
Fundraising1%$1K
Total functional expensesLn 25$106K

Balance Sheet

Part X · end of year
CashLn 1$732K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$5K
Total net assetsLn 32$1.3M
Months of cash on handcomputed83.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $732K · Operating expenses (Pt IX) $106K · Less non-cash grants $227 · Cash operating expenses/yr $105K
83.4 months
Where the money goes
Program services
Program services $50K · Total expenses $106K
48%
Management & General
Management & general $54K · Total expenses $106K
51%
Fundraising
Fundraising $1K · Total expenses $106K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $226K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $356K · Total revenue $399K
89%
Government reliance
Government grants $120K · Total revenue $399K
30%
Earned-income share
Program service revenue $43K · Total revenue $399K
11%
Investment reliance
Investment income $273 · Total revenue $399K
+0.07%
Program self-sufficiency
Program service revenue $43K · Total expenses $106K
40%
Growth & trend
Revenue growth (YoY)
This year $399K · Prior year $255K
+56%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $399K · Expenses $106K
+74%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Carmen Guidi · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $106K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $38K · Total expenses $106K
36%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 48%
Overhead ratio 51%
Fundraising cost ratio 0.3%
Revenue growth 56%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 4%

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

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$6K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$225K revenue · ⤓ 990 PDF
FY2023$320K revenue · ⤓ 990 PDF
FY2022$399K revenue · viewing · ⤓ 990 PDF
FY2021$255K revenue · ⤓ 990 PDF
FY2020$276K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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