#2nd Chance Project FY2022 filing
Helps people with justice involvement, substance use, or mental illness thrive in their communities. For fiscal year 2022 it reported $375K in revenue, $364K in expenses, and $40K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Housing
- Location
- Saint Paul, MN
- Website
- www.2ndchanceprojectmn.org
- Filings
- 5 on file (2020–2022)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
1carlton Jessup’s $70K as Executice Director is at the 61st percentile of top reported officer pay among 849 $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 · 3 named individuals · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| 1carlton Jessup | $69,929 | $26,982 |
| 2 Jessica Shegstad | $59,424 | $21,625 |
| 3 Ashley Lom | $48,661 | $19,339 |
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
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.
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.
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.
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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 | 95% | — | — |
| Overhead ratio | 5% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -24% | — | — |
| Accounting fee ratio | 1% | — | — |
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.
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