Overview
What is Second Street & Hope Inc?
Second Street & Hope Inc, a nonprofit organization located at 8 West 2nd Street, Frederick, Maryland, aims to provide relief for the homeless, addicted, and working poor in the community. Their mission is twofold: to alleviate immediate suffering through emergency provisions and to eliminate long-term issues through personal mentoring and education. They offer essential services such as food, clothing, shelter, and spiritual guidance, working to address the underlying causes of persistent poverty and help individuals regain self-sufficiency.
Official website here: www.secondstreetandhope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% - Three-Star out of Four Star rating
Second Street & Hope Inc has received a Three-Star rating from Charity Navigator, indicating a moderate level of performance. The rating is based entirely on accountability and finance, reflecting the organization's commitment to maintaining a responsible and transparent operation. The charity excels in areas such as having a fully independent board and no material diversion of assets, which are positive indicators of governance.
Despite these strengths, there are notable limitations. The organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. These omissions could raise concerns about the organization's practices regarding transparency and ethical governance.
Financially, Second Street & Hope Inc demonstrates a solid program expense ratio of 79%, suggesting that a significant portion of its resources is directed toward its mission. However, the absence of certain policies indicates room for improvement in ensuring comprehensive accountability and risk management, which are vital for long-term sustainability and trust.
This AI summary has been generated from information found on Charity Navigator.
Is Second Street & Hope Inc legitimate?
Second Street & Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Second Street & Hope 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:
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For more financial information, click here
Official website here: www.secondstreetandhope.org
What is the mission statement of Second Street & Hope Inc?
Second Street & Hope Inc is dedicated to alleviating the pain of personal poverty by providing emergency assistance, such as food, clothing, shelter, and spiritual guidance. Additionally, the organization aims to eliminate persistent poverty by offering personal mentoring and educational opportunities to help individuals overcome their circumstances and achieve long-term success.
Official website here: www.secondstreetandhope.org
Who is the CEO of Second Street & Hope Inc?
Frank Clements is the President of Second Street & Hope Inc.
Official website here: www.secondstreetandhope.org
What is the revenue of Second Street & Hope Inc?
Second Street & Hope Inc's revenue in 2022 was $116,520.
Official website here: www.secondstreetandhope.org
Who are the executives of Second Street & Hope Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.secondstreetandhope.org
Where can I find the form 990 for Second Street & Hope Inc?
Second Street & Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.secondstreetandhope.org
Learn more at the official website: www.secondstreetandhope.org
Mission Statement of Second Street & Hope Inc
Second Street & Hope Inc, a charitable organization, is dedicated to alleviating the hardships of personal poverty, both in the short term and long term. Through emergency provisions, they aim to provide immediate relief to the homeless, addicted, and working poor. However, their ultimate goal extends beyond temporary aid, as they strive to eliminate persistent poverty through personal mentoring and education. By offering spiritual guidance, food, clothing, shelter, and educational resources, Second Street & Hope Inc seeks to empower individuals to break free from the cycle of poverty and lead prosperous lives.
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Impact
June, 2024
Second Street & Hope Inc plays a crucial role in alleviating personal poverty through emergency provision and tackling persistent poverty through personal mentoring and education. By providing essential services such as food, clothing, shelter, and spiritual guidance to the homeless, addicted, and working poor of Frederick, they are making a tangible impact on the community's most vulnerable populations. Additionally, their focus on mental health, as indicated by their tag, demonstrates a holistic approach to addressing the complex issues that contribute to poverty. Through their mission-driven work, Second Street & Hope Inc is helping individuals break the cycle of poverty and move towards a more stable and fulfilling future.
This information is meant to be a general summary of Second Street & Hope 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: $108,110
- Gross Receipts: $116,520
Assets and Liabilities:
- Total Assets: $1,907,721
- Total Liabilities: $0
- Net Assets: $1,907,721
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Organization Details
Founding Year
2002
Phone
(301) 620-1001Principal Officer
Frank Clements
Main Address
8 WEST 2ND STREET, FREDERICK, MD, 21701
Website
www.secondstreetandhope.orgNTEE Category
Code: F20 - Mental health
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