SECOND STEP INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

CARI GUTHRIE CHO

Phone

3017153673

Tax Period

2023-07-01 to 2024-06-30

SECOND STEP INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $134K in total revenue in fiscal year 2023.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1

Expenses: $98,664 Revenue: $64,284

SECOND STEP, INC. IS A MARYLAND CORPORATION ORGANIZED IN FEBRUARY 1991 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WHO SUFFER FROM CHRONIC MENTAL ILLNESS. IT CONSISTS OF 18 UNITS LOCATED IN MONTGOMERY COUNTY, MARYLAND. THE ENTITY RECEIVES ASSISTANCE UNDER PROVISIONS OF SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $69,276

Program Service Revenue $64,284

Investment Income $179

Other Revenue $16

TOTAL REVENUE $133,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,664

Other Expenses $140,224

TOTAL EXPENSES $140,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,755	$139,274	0.0%
Expenses	$140,224	$161,697	-0.1%
Net Income	$-6,469	$-22,423	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARI GUTHRIE CHO	PRESIDENT/BOARD CHAIR	0.10	Officer Director	$0	$0	$0
CHRIS SINTETOS	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
STANLEY ESTREMSKY	SECRETARY/TREASURER	0.10	Officer Director	$0	$0	$0
JIM AUDAS	DIRECTOR	0.10	Director	$0	$0	$0
REBECCA MONZI	DIRECTOR	0.10	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$133,755	$140,224	$1,056,034	$-6,469
2023	$139,274	$161,697	$990,210	$-22,423
2022	$153,370	$152,107	$952,579	$1,263
2021	$141,424	$151,238	$982,811	$-9,814
2020	$131,066	$172,696	$953,311	$-41,630
2019	$130,833	$157,712	$1,010,479	$-26,879
2018	$132,694	$120,971	$1,047,807	$11,723