Civic Intelligence

2Nd Chance for Recovery Inc

EIN 26-2855599 • 501(c)3 • Los Angeles, CA

600 E 7TH STREET Room 105Los Angeles, CA 90021
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.03x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

0.32x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

29th percentile

-5.4%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

68th percentile

$52,500

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

79th percentile

25%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$256,752

Up $91,717 (+56%) from 2012

Liabilities

Up

$264,656

Up $110,754 (+72%) from 2012

Net Assets

Down

-$7,904

Down $19,037 (-171%) from 2012

Operations
Liabilities / Revenue83rd percentileNet Margin29th percentile

Revenue

$833,280

No earlier filing loaded for comparison.

Expenses

Up

$878,195

Up $650,950 (+286%) from 2012

Net Income

-$44,915

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth79th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2012: $165,035Liabilities 2012: $153,902Net Assets 2012: $11,1332012Assets 2014: $256,752Liabilities 2014: $264,656Net Assets 2014: -$7,9042014

Highlighted filing

2014

Assets$256,752
Liabilities$264,656
Net Assets-$7,904
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2012: $227,2452012Revenue 2014: $833,280Expenses 2014: $878,195Net Income 2014: -$44,9152014

Highlighted filing

2014

Revenue$833,280
Expenses$878,195
Net Income-$44,915
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$256,752
Liabilities
$264,656
Net assets
-$7,904
Revenue
$833,280
Expenses
$878,195
Net income
-$44,915
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$2.57$2.65$0.08$8.33$8.78$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$1.54$0.11$2.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 14, 2015
Return Version
2014v5.0
Gross Receipts
$833,280
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$294,568$223,903▼ $70,665
Cash and Non-Interest-Bearing Accounts$174,500$99,673▼ $74,827
Land, Buildings, and Equipment, Net$47,079$47,079→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$45,498$36,456▼ $9,042
Rtn Earn Endowment Incm Other Fnds$-8,487$-44,360▼ $35,873
Total Assets$331,579$256,752▼ $74,827
Other Assets Total$110,000$110,000→ $0
Liabilities
Accounts Payable and Accrued Expenses-$40,753-
Total Liabilities$294,568$264,656▼ $29,912
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,011$-7,904▼ $44,915
Total Liabilities and Net Assets / Fund Balance$331,579$256,752▼ $74,827

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$47,079-$47,079
Other Assets Org$110,000--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Oganes HakopyanPresidentFT$52,500$52,500
Mariam HakopyanProgram DirectorFT$48,000$48,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$833,280
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-44,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$536,803
Other Expenses$341,392
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$407,096--$407,096
Current Officers, Directors, Trustees, and Key Employees$100,500--$100,500
All Other Expenses---$86,771
Other Expenses---$59,162
Occupancy$56,117--$56,117
Payroll Taxes---$29,207
Depreciation Depletion$27,440--$27,440
Insurance---$26,688
Office Expenses$18,840--$18,840
Fees for Services Accounting---$7,539
Advertising---$1,166
Total Functional Expenses$609,993$0$0$878,195
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$294,568$223,903▼ $70,665
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line LINE 11B

“Organizations process to review form 990 no review was or will be conducted”

Form 990, Part VI, Line LINE 19

“Governing documents disclosure explanation no document available to the public”

Filing and Contact Details

Filer

Filer Name
2nd Chance for Recovery Inc
EIN
26-2855599
Phone
2135370110
Address
600 E 7TH STREET Room 105, LOS ANGELES, CA 90021

Signing Officer

Name
Oganes Hakopyan President
Title
President
Phone
2135370110
Signed
2015-10-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Oganes Hakopyan
Formed
2008
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
37

Preparer

Firm
Capital Financial Network
Address
10510 VICTORY BLVD STE 202, NORTH HOLLYWOOD, CA 91606
Preparer
Mher Arutunyan
Phone
8184878005
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

“Organizations mission or most significant activities the entitys goal is to support the successful recovery of its patients and improve the quality of their lives.”

Form 990, Part III, Line 4A

“The entity is commited to provide evidence based comprehensive treatment services incorporating multidisciplinary modalities.”

Form 990, Part III, Line LINE D4

“All other accomplishment expenses incured to provide drug abuse rehabilitation and treatment”

Raw XML Appendix296 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS MISSION OR MOST SIGNIFICANT ACTIVITIES THE ENTITYS GOAL IS TO SUPPORT THE SUCCESSFUL RECOVERY OF ITS PATIENTS AND IMPROVE THE QUALITY OF THEIR LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ENTITY IS COMMITED TO PROVIDE EVIDENCE BASED COMPREHENSIVE TREATMENT SERVICES INCORPORATING MULTIDISCIPLINARY MODALITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OTHER ACCOMPLISHMENT EXPENSES INCURED TO PROVIDE DRUG ABUSE REHABILITATION AND TREATMENT
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MHER ARUTUNYAN
ReturnHeader/ReturnTs02015-10-14T05:49:15-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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