Overview
What is Second Step Inc?
Second Step Inc, established in February 1991, is a Maryland-based nonprofit corporation primarily focused on providing affordable housing solutions for individuals battling chronic mental illness. Situated in Montgomery County, Maryland, the organization operates 18 units that cater to this specific population. Fundamentally, it adheres to the provisions of Section 811 of the National Affordable Housing Act, ensuring that its operations and rent charges are regulated by the U.S. Department of Housing and Urban Development. The core mission of Second Step Inc is to offer a secure living space for the chronically mentally disabled, enhancing their overall well-being and quality of life.
Is Second Step Inc legitimate?
Second Step Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Second Step 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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What is the mission statement of Second Step Inc?
Second Step Inc, as a non-profit organization, is dedicated to providing affordable housing solutions for individuals living with chronic mental disabilities. This mission is fulfilled under Section 811 of the National Affordable Housing Act. The organization's primary goal is to create housing facilities and related services for individuals struggling with chronic mental illness. Currently, Second Step Inc operates 18 units in Montgomery County, Maryland, with assistance from the U.S. Department of Housing and Urban Development. The rental charges and operational methods for these projects are regulated by the department to ensure affordability and accessibility for the intended population.
Who is the CEO of Second Step Inc?
Cari Guthrie Cho is the President of Second Step Inc.
What is the revenue of Second Step Inc?
Second Step Inc's revenue in 2022 was $153,370.
Who are the executives of Second Step Inc and what are their salaries?
There 5 volunteers at Second Step Inc.
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Where can I find the form 990 for Second Step Inc?
Second Step Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Second Step Inc
Second Step Inc, a corporation established in 1991, is dedicated to providing affordable housing for individuals who are chronically mentally disabled. This mission aligns with Section 811 of the National Affordable Housing Act. The organization focuses on acquiring, developing, and operating housing and related facilities, specifically tailored for those suffering from chronic mental illness. Second Step Inc, under the regulatory oversight of the U.S. Department of Housing and Urban Development, ensures that the rent charges and operating methods adhere to the provisions of Section 811, thus ensuring affordability for its residents.
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Impact
October, 2024
Second Step Inc has made a significant impact by providing affordable housing specifically designed for individuals experiencing chronic mental illness. By operating 18 housing units in Montgomery County, Maryland, this organization addresses a critical need within the community, helping to stabilize the lives of its residents.
Through the provisions of Section 811 of the National Affordable Housing Act, Second Step Inc not only offers shelter but also creates an environment conducive to healing and recovery. The oversight by the U.S. Department of Housing and Urban Development ensures that the housing is not only affordable but also managed in a way that prioritizes the well-being of its residents. This initiative supports individuals in their journey toward greater independence, improving overall community health and reducing the burden on emergency services and healthcare systems.
The organization’s commitment to developing and operating quality housing facilities exemplifies a holistic approach to tackling mental health challenges, fostering a sense of community, and promoting social integration among individuals who often face significant barriers to stable housing.
This information is meant to be a general summary of Second Step 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: $14
- Program Service Revenue: $41,531
- Gross Receipts: $153,370
Assets and Liabilities:
- Total Assets: $952,579
- Total Liabilities: $1,388,105
- Net Assets: -$435,526
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$41,531
Organization Details
Founding Year
1991
Phone
(301) 715-3673Principal Officer
Cari Guthrie Cho
Main Address
2 TAFT COURT 200, ROCKVILLE, MD, 20850
NTEE Category
Code: L21 - Housing
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