Civic Intelligence

Second Act Communities

990 • Fiscal year 2018 • EIN 54-1655399

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 06, 2019

Organization ProfileWWW.SECONDACTCOMMUNITIES.ORG
2400 Potters RoadVirginia Beach, VA 23454

(757) 463-9516

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.39x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.46x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

66%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$4,501,785

Up $960,921 (+27%) from 2017

Net Assets

Up

$2,754,803

Up $811,924 (+42%) from 2017

Liabilities

Up

$1,746,982

Up $148,997 (+9.3%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin95th percentile

Revenue

Up

$1,192,895

Up $472,825 (+66%) from 2017

Expenses

Down

$380,971

Down $101,818 (-21%) from 2017

Net Income

Up

$811,924

Up $574,643 (+242%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $621,213Liabilities 2011: $354,463Net Assets 2011: $266,7502011Assets 2012: $5,663Liabilities 2012: $0Net Assets 2012: $5,6632012Assets 2013: $831,464Liabilities 2013: $477Net Assets 2013: $830,9872013Assets 2014: $2,321,795Liabilities 2014: $492,174Net Assets 2014: $1,829,6212014Assets 2015: $2,695,170Liabilities 2015: $864,013Net Assets 2015: $1,831,1572015Assets 2016: $2,974,928Liabilities 2016: $1,269,330Net Assets 2016: $1,705,5982016Assets 2017: $3,540,864Liabilities 2017: $1,597,985Net Assets 2017: $1,942,8792017Assets 2018: $4,501,785Liabilities 2018: $1,746,982Net Assets 2018: $2,754,8032018Assets 2019: $3,884,064Liabilities 2019: $1,132,089Net Assets 2019: $2,751,9752019Assets 2020: $4,149,009Liabilities 2020: $1,120,645Net Assets 2020: $3,028,3642020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2018

Assets$4,501,785
Liabilities$1,746,982
Net Assets$2,754,803
Open 2018 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $294,630Expenses 2011: $34,821Net Income 2011: $259,8092011Revenue 2012: $132,076Expenses 2012: $133,163Net Income 2012: -$1,0872012Revenue 2013: $921,202Expenses 2013: $95,878Net Income 2013: $825,3242013Revenue 2014: $1,057,686Expenses 2014: $59,052Net Income 2014: $998,6342014Revenue 2015: $210,893Expenses 2015: $209,357Net Income 2015: $1,5362015Revenue 2016: $620,578Expenses 2016: $746,137Net Income 2016: -$125,5592016Revenue 2017: $720,070Expenses 2017: $482,789Net Income 2017: $237,2812017Revenue 2018: $1,192,895Expenses 2018: $380,971Net Income 2018: $811,9242018Revenue 2019: $167,675Expenses 2019: $170,503Net Income 2019: -$2,8282019Revenue 2020: $224,597Expenses 2020: $145,719Net Income 2020: $78,8782020Revenue 2021: $651,098Expenses 2021: $136,737Net Income 2021: $514,3612021

Highlighted filing

2018

Revenue$1,192,895
Expenses$380,971
Net Income$811,924
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 6, 2019
Return Version
2017v2.3
Gross Receipts
$2,397,287
Mission and Program Overview

Mission

We create housing and supportive services that profoundly change the lives of our neighbors across the united states.

We create housing and supportive services that profoundly change the lives of our neighbors across the united states. Our vision is to create quality homes for everyone and to be champions for supportive communities where people can not only survive but are empowered to live their best lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,983,228$1,923,004▼ $60,224
Other Notes and Loans Receivable, Net$455,449$1,659,841▲ $1,204,392
Inventories for Sale or Use$682,330$0▼ $682,330
Accounts Receivable$12,961$449,361▲ $436,400
Cash and Non-Interest-Bearing Accounts$322,036$256,270▼ $65,766
Pledges and Grants Receivable-$125,000-
Total Assets$3,540,864$4,501,785▲ $960,921
Other Assets Total$84,860$88,309▲ $3,449
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,588,929$1,243,051▼ $345,878
Accounts Payable and Accrued Expenses$4,605$498,480▲ $493,875
Other Liabilities$4,451$5,451▲ $1,000
Total Liabilities$1,597,985$1,746,982▲ $148,997
Net Assets / Fund Balance
Unrestricted Net Assets$1,542,879$2,754,803▲ $1,211,924
Temporarily Rstr Net Assets$400,000$0▼ $400,000
Total Net Assets Fund Balance$1,942,879$2,754,803▲ $811,924
Total Liabilities and Net Assets / Fund Balance$3,540,864$4,501,785▲ $960,921

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,445,966$210,199$1,656,165
Land$477,038-$477,038
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica GuglielmoVP and COOPT$4,900$108,536$113,436
Sharon ShoffVP DevelopmentPT$4,900$86,671$91,571
Addie Wright ThomasonChief Executive OfficerPT$6,600$143,998$6,600

Board Members and Trustees

NameTitle
James N BanksChairman
Debra a GrantVice Chair
Chris TillettDirector
Chuck GrayDirector
Clifton PickensDirector
Denise HowardDirector
Frances Knight ThompsonDirector
Jamie Holmes-pickensDirector
Markita Lawson HeardDirector
Marqueta HarrisDirector
Richard BullockDirector
Yvonnia MooreSecretary/treasurer
Kim JohnsonVP and CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$909,640
Program Service Revenue
$90,458
Investment Income
$0
Other Revenue
$192,797
All Other Contributions
$585,794
Change in Net Assets
$811,924

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$310,107Fair Market Value (FMV) of Land
Total Noncash Contributions1$310,107-

Audited Revenue Reconciliation

Revenue per Audited Statements
$882,788
Revenue Not Reported on Financial Statements
$310,107
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$310,107
Total Revenue per Audited Statements
$882,788
Total Revenue per Form 990
$1,192,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$193,997
Salaries, Compensation, and Employee Benefits$186,974
Total Fundraising Expense$5,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$128,173$4,538$4,813$137,524
Depreciation Depletion$60,224--$60,224
Fees for Services Other$41,491$7,105-$48,596
Payroll Taxes$30,802$1,091$1,157$33,050
Interest$19,054--$19,054
Current Officers, Directors, Trustees, and Key Employees$16,400--$16,400
Fees for Services Accounting$10,953$3,651-$14,604
Travel$12,819--$12,819
Fees for Services Legal$4,020--$4,020
Insurance$3,817--$3,817
All Other Expenses$1,896$161-$2,057
Other Expenses$1,761$860-$1,761
Occupancy$844$455-$1,299
Information Technology$594$198-$792
Total Functional Expenses$356,942$18,059$5,970$380,971

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$380,971
Total Expenses per Audited Statements$380,971
Total Expenses per Form 990$380,971
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$5,451
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an independent accounting firm, after completion the form is presented to the board of directors for approval.”

Form 990, Part VI, Section B, Line 12C

“Officers and directors must read and sign a code of conduct. The code of conduct delineates the responsibilities of the board members while in and out of session and includes requirements to declare any conflicts of interest that may arise. Enforcement of the code of conduct is clearly spelled out in the document and includes steps to be taken if any board member appears to be in violation of the code of conduct.”

Form 990, Part VI, Section B, Line 15A

“The personnel committee of the sac board of directors annually reviews the contract for the chief executive officer and makes recommendations to the board regarding retention and annual raises. Factors such as performance, budget and comparable salaries are used to make decisions. All decisions are substantiated by meeting minutes.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

Form 990, Part VIII, Line 11C

“The city of chesapeake donated land with a net value of $310,107”

Filing and Contact Details

Filer

Filer Name
Second Act Communities
EIN
54-1655399
Phone
7574639516
Address
2400 POTTERS ROAD, VIRGINIA BEACH, VA 23454

Signing Officer

Name
Addie Thomason
Title
Chief Executive Officer
Phone
7574639516
Signed
2019-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Addie Thomason
Formed
1993
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
12

Preparer

Firm
Dixon Hughes Goodman Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
Caron E Crouse
Phone
7576245100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other contract services: program service expenses 41,491. Management and general expenses 7,105. Fundraising expenses 0. Total expenses 48,596.”

Form 990, Part XI, Line 2C

“The board of directors assumes responsibility and oversight of the audit and selection of independent auditors. The process has not changed from prior year.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“DONATED LAND 310,107.”

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IRS990/ActivityOrMissionDesc0WE CREATE HOUSING AND SUPPORTIVE SERVICES THAT PROFOUNDLY CHANGE THE LIVES OF OUR NEIGHBORS ACROSS THE UNITED STATES. OUR VISION IS TO CREATE QUALITY HOMES FOR EVERYONE AND TO BE CHAMPIONS FOR SUPPORTIVE COMMUNITIES WHERE PEOPLE CAN NOT ONLY SURVIVE BUT ARE EMPOWERED TO LIVE THEIR BEST LIVES.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12108536
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1386671
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14143998
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP AND COO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP AND CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0323846
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01204392
IRS990/GrossReceiptsAmt02397287
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0198
IRS990/InformationTechnologyGrp/ProgramServicesAmt0594
IRS990/InformationTechnologyGrp/TotalAmt0792
IRS990/InsuranceGrp/ProgramServicesAmt03817
IRS990/InsuranceGrp/TotalAmt03817
IRS990/InterestGrp/ProgramServicesAmt019054
IRS990/InterestGrp/TotalAmt019054
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0682330
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentInJointVentureInd01
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0210199
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01983228
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01923004
IRS990/LandBldgEquipCostOrOtherBssAmt02133203
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01204392
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE CREATE HOUSING AND SUPPORTIVE SERVICES THAT PROFOUNDLY CHANGE THE LIVES OF OUR NEIGHBORS ACROSS THE UNITED STATES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01588929
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01243051
IRS990/NetAssetsOrFundBalancesBOYAmt01942879
IRS990/NetAssetsOrFundBalancesEOYAmt02754803
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0310107
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0455
IRS990/OccupancyGrp/ProgramServicesAmt0844
IRS990/OccupancyGrp/TotalAmt01299
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt084860
IRS990/OtherAssetsTotalGrp/EOYAmt088309
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/Desc1TAXES
IRS990/OtherExpensesGrp/Desc2UTILTIES
IRS990/OtherExpensesGrp/Desc3ASSOCIATION FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0860
IRS990/OtherExpensesGrp/ProgramServicesAmt013125
IRS990/OtherExpensesGrp/ProgramServicesAmt17211
IRS990/OtherExpensesGrp/ProgramServicesAmt23758
IRS990/OtherExpensesGrp/ProgramServicesAmt31761
IRS990/OtherExpensesGrp/TotalAmt013125
IRS990/OtherExpensesGrp/TotalAmt17211
IRS990/OtherExpensesGrp/TotalAmt24618
IRS990/OtherExpensesGrp/TotalAmt31761
IRS990/OtherLiabilitiesGrp/BOYAmt04451
IRS990/OtherLiabilitiesGrp/EOYAmt05451
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0DEVELOPER'S FEES
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0190000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12797
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0190000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12797
IRS990/OtherRevenueTotalAmt0192797
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04813
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04538
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0128173
IRS990/OtherSalariesAndWagesGrp/TotalAmt0137524
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0455449
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01659841
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01157
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01091
IRS990/PayrollTaxesGrp/ProgramServicesAmt030802
IRS990/PayrollTaxesGrp/TotalAmt033050
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0125000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ADDIE THOMASON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW-INCOME RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt090458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt090458
IRS990/ProgSrvcAccomActy2Grp/Desc0EXPANDING, IMPROVING AND PROVIDING DECENT HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN THE UNITED STATES. THESE COSTS ARE ASSOCIATED WITH THE CORPORATION'S EFFORTS TO SEEK OUT NEW OPPORTUNITIES FOR DEVELOPMENT PROJECTS. AS A RESULT OF THESE EFFORTS, THE CORPORATION IS PARTNERING WITH THE CITY OF CHESAPEAKE, VIRGINIA TO BUILD A 50 UNIT APARTMENT COMPLEX THAT WILL PROVIDE HOUSING FOR DISABLED AND/OR HOMELESS VETERANS. THE CORPORATION IS ALSO WORKING WITH OTHER LOCALITIES IN VIRGINIA AND NORTH CAROLINA TO DEVELOP VIABLE HOUSING AND COMMERCIAL DEVELOPMENTS THAT SERVE THESE COMMUNITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0222474
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0192797
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0635782
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0183077
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt084288
IRS990/PYRevenuesLessExpensesAmt0237281
IRS990/PYSalariesCompEmpBnftPaidAmt0299712
IRS990/PYTotalExpensesAmt0482789
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0720070
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0811924
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt090458
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IN 2017 SECOND ACT COMMUNITIES RECEIVED DEVELOPER FEE'S OF $190,000 AND OTHER INCOME OF $2,797.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0909640
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0235782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0529590
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0151531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01045439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02871982
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt090458
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt084288
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt090988
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt059362
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt012247
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0337343
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0192797
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0192797
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84420
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02871982
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0909640
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0235782
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0529590
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0151531
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01045439
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02871982
IRS990ScheduleA/TotalSupportAmt03402122
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01445966
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0210199
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01656165
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0380971
IRS990ScheduleD/LandGrp/BookValueAmt0477038
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0477038
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0310107
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0310107
IRS990ScheduleD/RevenueSubtotalAmt0882788
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DONATED LAND 310,107.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,501,785
Liabilities
$1,746,982
Net assets
$2,754,803
Revenue
$1,192,895
Expenses
$380,971
Net income
$811,924
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.65$0.14$0.51
2020Detailed filing. Detailed filing data is available for this year.$4.15$1.12$3.03$0.22$0.15$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.88$1.13$2.75$0.17$0.17$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.50$1.75$2.75$1.19$0.38$0.81
2017Detailed filing. Detailed filing data is available for this year.$3.54$1.60$1.94$0.72$0.48$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.97$1.27$1.71$0.62$0.75$0.13
2015Summary only. Only limited summary data is available for this year.$2.70$0.86$1.83$0.21$0.21$0.00
2014Summary only. Only limited summary data is available for this year.$2.32$0.49$1.83$1.06$0.06$1.00
2013Summary only. Only limited summary data is available for this year.$0.83$0.00$0.83$0.92$0.10$0.83
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.13$0.13$0.00
2011Summary only. Only limited summary data is available for this year.$0.62$0.35$0.27$0.29$0.03$0.26