Overview
What is Second Chance Opportunities Inc?
Second Chance Opportunities Inc is a nonprofit organization situated in Albany, New York, with a specific focus on providing supportive employment opportunities for individuals in recovery from substance use disorder. They accomplish this through janitorial services contracts with New York State Industries of the Disabled (NYSID) and other entry-level employment partnerships with local corporations. In 2022, they aided 114 individuals in their recovery journey. Their mission is to bridge the gap between treatment and a life centered in recovery, offering a wide range of supportive services to aid in this transition.
Official website here: www.scoalbany.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Second Chance Opportunities Inc demonstrates a strong commitment to accountability and financial transparency, as evidenced by its impressive 96% score on Charity Navigator. The organization has achieved full marks in several critical areas, including having a completely independent board and a strong program expense ratio of 92.54%, indicating that the majority of its funds are directed towards its programs rather than administrative costs.
The nonprofit's robust governance structure is further highlighted by its comprehensive policies, including conflict of interest and whistleblower policies, which reflect ethical practices. Additionally, there have been no reported material diversions of assets, showcasing a solid financial oversight process. The organization’s low liabilities to assets ratio of 49.29% suggests a stable financial position.
Despite its strengths, potential donors should remain aware that the organization's high score is based solely on accountability and finance metrics. This means that while Second Chance Opportunities Inc is financially sound and operates transparently, insights into its overall program effectiveness or impact may not be reflected solely in its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Second Chance Opportunities Inc legitimate?
Second Chance Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Second Chance Opportunities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $259,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,523,237
For more financial information, click here
Official website here: www.scoalbany.com
What is the mission statement of Second Chance Opportunities Inc?
Second Chance Opportunities Inc's mission is centered around providing supportive services to individuals recovering from substance use disorder. The organization aims to bridge the gap between treatment and a life centered in recovery. To accomplish this, they offer recovery supportive employment opportunities through janitorial services contracts with New York State Industries of the Disabled (NYSID) and other entry-level employment partnerships with local corporations. In 2022, they assisted 114 individuals in their recovery journey.
Official website here: www.scoalbany.com
Who is the CEO of Second Chance Opportunities Inc?
Kellie A Roe is the Director of Second Chance Opportunities Inc.
Official website here: www.scoalbany.com
What is the revenue of Second Chance Opportunities Inc?
Second Chance Opportunities Inc's revenue in 2022 was $5,595,273.
Official website here: www.scoalbany.com
Who are the executives of Second Chance Opportunities Inc and what are their salaries?
The average compensation at Second Chance Opportunities Inc during 2022 was $26,272. There are 144 employees and 50 volunteers at Second Chance Opportunities Inc.
Here are 5 key members and their salaries:
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- Compensation: $118,377
- Related: $0
- Other: $31,525
- Compensation: $110,000
- Related: $0
- Other: $0
Official website here: www.scoalbany.com
Where can I find the form 990 for Second Chance Opportunities Inc?
Second Chance Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scoalbany.com
Learn more at the official website: www.scoalbany.com
Mission Statement of Second Chance Opportunities Inc
Second Chance Opportunities Inc, a nonprofit organization, is committed to providing supportive services to individuals recovering from substance use disorder. Its mission is centered around bridging the gap between treatment and a life that is centered around recovery. The organization understands the challenges faced by individuals in this phase and aims to provide the necessary support to help them transition smoothly. By engaging in janitorial services contracts through New York State Industries of the Disabled (NYSID) and entering into entry-level employment partnerships with local corporations, Second Chance Opportunities Inc offers recovery-supportive employment opportunities. In 2022, the nonprofit assisted 114 individuals in their recovery journey.
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Impact
October, 2024
Second Chance Opportunities Inc plays a crucial role in the lives of individuals recovering from substance use disorder. By offering supportive services, the organization effectively bridges the gap between treatment and sustainable recovery. In 2022 alone, it assisted 114 individuals, providing them with essential tools and resources to rebuild their lives.
Their approach includes facilitating recovery supportive employment through contracts in janitorial services with New York State Industries of the Disabled (NYSID) and partnering with local businesses for entry-level job opportunities. This not only helps individuals gain employment but also fosters a sense of stability and purpose, vital components for those on the path to recovery. Ultimately, Second Chance Opportunities Inc significantly contributes to community well-being by empowering individuals to embark on a new chapter in their lives, focused on lasting recovery and reintegration into society.
This information is meant to be a general summary of Second Chance Opportunities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $229
- Program Service Revenue: $5,208,491
- Gross Receipts: $5,616,099
Assets and Liabilities:
- Total Assets: $2,875,783
- Total Liabilities: $1,417,757
- Net Assets: $1,458,026
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JANITORIAL REVENUE
Revenue
$4,955,217
SCO HOUSING INCOME
Revenue
$253,274
Organization Details
Founding Year
2001
Phone
(518) 489-1929Principal Officer
Kellie A Roe
Main Address
55 COLVIN AVE, ALBANY, NY, 12206
Website
www.scoalbany.comNTEE Category
Code: P20 - Human services
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