Overview
What is Second Act Communities?
Second Act Communities is a nonprofit organization located in Virginia Beach, Virginia. Their primary mission is to provide affordable housing for low and moderate-income individuals and families. The quality of their housing is ensured through regular inspections by various authorities such as the City of Virginia Beach, Virginia Housing Development Authority, U.S. Department of HUD, and the State of Virginia Department of Housing and Community Development. They offer case management services for units designated for homeless persons, provided by the Virginia Beach Community Development Corporation. Their housing units are rent- and income-restricted, with rent and utility payments limited to 30-40% of adjusted gross income, and are priced at or below published fair market rents. In essence, Second Act Communities seeks to transform the lives of their neighbors in the region through their housing and supportive services.
Official website here: www.secondactcommunities.org
Is Second Act Communities legitimate?
Second Act Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Second Act Communities 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.secondactcommunities.org
What is the mission statement of Second Act Communities?
Second Act Communities' mission is centered around creating housing and supportive services that significantly impact the lives of their neighbors in various regions. By providing quality, affordable housing for low and moderate-income individuals and families, they strive to make a profound difference in their communities. Their housing units undergo regular inspections from relevant authorities, ensuring they meet safety standards. For units designated for homeless persons, case management services are provided by the Virginia Beach Community Development Corporation. The rent and utility payments for these units are kept within an affordable range, typically not exceeding 30% to 40% of the adjusted gross income of the tenants.
Official website here: www.secondactcommunities.org
Who is the CEO of Second Act Communities?
Jessica Guglielmo is the President & Chair of Second Act Communities. The CEO's salary of Second Act Communities is $0 and their total compensation is $132,642.
Official website here: www.secondactcommunities.org
What is the revenue of Second Act Communities?
Second Act Communities's revenue in 2021 was $651,098.
Official website here: www.secondactcommunities.org
Who are the executives of Second Act Communities and what are their salaries?
There 7 volunteers at Second Act Communities.
Here are 8 key members and their salaries (Second Act Communities's CEO's salary is $0 and their total compensation is $132,642):
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- Related: $132,642
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Official website here: www.secondactcommunities.org
Where can I find the form 990 for Second Act Communities?
Second Act Communities's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.secondactcommunities.org
Learn more at the official website: www.secondactcommunities.org
Mission Statement of Second Act Communities
Second Act Communities is dedicated to making a significant impact in the lives of their neighbors across the region. They achieve this by providing high-quality, affordable housing and supportive services. The organization ensures all their housing units meet stringent standards, being inspected regularly by various authorities such as the City of Virginia Beach, the Virginia Housing Development Authority, the U.S. Department of HUD, and the State of Virginia Department of Housing and Community Development. For units designated for homeless individuals, case management services are provided by the Virginia Beach Community Development Corporation.
Second Act Communities keeps rent and utility payments within an affordable range, limiting them to 30% to 40% of the adjusted gross income of their tenants. This approach ensures that those with low and moderate incomes can comfortably afford their living arrangements, fostering stability and improved living conditions. By providing these essential services, Second Act Communities plays a crucial role in enhancing the quality of life for many individuals and families in need.
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Impact
October, 2024
Second Act Communities has a significant impact on the lives of low- and moderate-income individuals and families by providing quality affordable housing and supportive services in Virginia Beach. By ensuring that all housing units are regularly inspected by relevant authorities, they maintain high standards of safety and livability. The organization’s commitment to rent and income restrictions allows tenants to pay only 30% to 40% of their adjusted gross income towards rent and utilities, making housing more affordable.
Additionally, Second Act Communities offers case management services specifically tailored for homeless individuals, helping them to transition into stable living environments. This holistic approach not only addresses immediate housing needs but also promotes long-term stability and community integration. Through these efforts, Second Act Communities profoundly changes the lives of its neighbors, fostering a healthier, more supportive community for all.
This information is meant to be a general summary of Second Act Communities. 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 2021.
- Investment Income: $9
- Program Service Revenue: $124,975
- Gross Receipts: $651,098
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INCOME RENTAL INCO
Revenue
$124,975
Organization Details
Founding Year
1993
Phone
(757) 463-9516Principal Officer
Jessica Guglielmo
Main Address
2400 POTTERS ROAD, VIRGINIA BEACH, VA, 23454
Website
www.secondactcommunities.orgNTEE Category
Code: L20Z - Housing
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