Second Grace Foundation Inc
Nonprofit profile at a glance
- EIN
- 931941429
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Pasadena, CA, USA
- Phone
- 3104054693
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Homeless Centers
Reported finances
- Revenue
- $14,250
- Expenses
- $12,415
- Assets
- $2,102
- Liabilities
- $3,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- Paul Asplund (Executive Dir.)
- Jason Erickson (Treasurer)
- Sebastian Reyes (Chairman)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We? re an online community committed to ending homelessness. We? re the neighbors, volunteers and pros working on the streets providing direct services to people affected by homelessness, hunger, unemployment and addiction. We're working every day to end to the suffering of the our unhoused neighbors.
What it reported doing in 2024
Established and operate an online platform as a centralized hub where individuals and organizations can connect, share resources, and collaborate on initiatives. Members can access a secure, user-friendly interface that encourages meaningful interactions and provides valuable support.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 82
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.6%; rating input score 43
- Program expense ratio: 48.9%; rating input score 49
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 12.9%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 1.43; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 76.3% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 96.1% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 154.9% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 42.6% of revenue deployed · 48.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.