Second Chance Society Inc

Nonprofit profile at a glance

EIN
651118303
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Fort Laduerdale, FL, USA
Phone
9547635999
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$349,304
Expenses
$374,952
Assets
$902,173
Liabilities
$15,693

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ROLAND GARCIA (PRESIDENT)

People named in this filing

  • MARCIA BARRY-SMITH (DIRECTOR)
  • PENELOPA BLAIR (DIRECTOR)
  • MATT FERRELLI (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Second chance society, inc., (the organization) is a not-for-profit organization and was incorporated in the state of Florida on march 5, 2002. The organization is supported primarily through donor contributions, grants, and the united way. Ingrained within the wording of the organization's mission statement lay its primary purpose which is to aid homeless and struggling individuals' return to a state of self-sufficiency. With self-sufficiency comes a general state of wellbeing, self-worth, revitalization, and most importantly, hope. Its secondary purpose is to provide ongoing moral encouragement to its clients to ensure their entrance back into society is as unproblematic as possible.

What it reported doing in 2024

Hand up program the second chance society, inc.'s hand up program was established in 2001 to assist homeless and struggling individuals in the community overcome material barriers to employment. It accomplishes this in two ways. When a client is offered employment, which he/she cannot accept because they lack the means to acquire items that are required as a pre-condition of their employment, second chance society steps in to buy just those necessary items for him/her. Typically, this includes such things as work boots, uniforms, tools or licensure. Most of the clients served by the hand up program are referred to the organization by other agencies in the continuum of care for the homeless. There is an application and interview process. Also, second chance society assists homeless or struggling persons who are enrolled in viable vocational training, but who cannot afford the necessary text books and school supplies. The program provides these. Tuition is also paid on some short courses such as security and some medical courses. To date, the second chance hand up program has assisted more than 5,405 clients on the path to economic self-sufficiency. The program employs a further module of periodic post service contacts to provide the clients with further encouragement, and to aid in tracking outcomes. I. D. Program the second chance society i. D. Program was established in february, 2011 with a 10,000 grant from the community foundation of broward county. Thus far it has helped 6,239 men and women get their i.d. Many times this also includes getting a birth certificate and sometimes a marriage license. Without an i. D., it is impossible for a client to look for employment or do almost anything. This program helps with the very first step of rehabilitation whereas the hand-up program is many times the last step in getting the client employed.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 83.5%; rating input score 83
  • Fundraising efficiency: $16.92 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -7.3%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 2.41; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 25% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 83.5% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $313K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 53/100.
  • High — Sustainability: Operating margin scored 26/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.