SECOND ACT COMMUNITIES

🔒

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

1993

Legal Domicile

Principal Officer

JESSICA GUGLIELMO

Phone

7574639516

Tax Period

2020-07-01 to 2021-03-17

SECOND ACT COMMUNITIES, founded in 1993, is a small nonprofit that reported $651K in total revenue in fiscal year 2020. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $514K, a strong 79% operating margin.

Mission

WE CREATE HOUSING AND SUPPORTIVE SERVICES THAT PROFOUNDLY CHANGE THE LIVES OF OUR NEIGHBORS ACROSS THE REGION.

Program Service Accomplishments

Program 1

Expenses: $135,826 Revenue: $126,089

PROVIDED QUALITY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES: ALL UNITS ARE REGULARLY INSPECTED BY THE CITY OF VIRGINIA BEACH, THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY , THE U.S. DEPARTMENT OF HUD, OR THE STATE OF VIRGINIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT. CASE MANAGEMENT SERVICES ARE PROVIDED BY THE VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION FOR UNITS DESIGNATED FOR HOMELESS PERSONS. ALL UNITS ARE RENT AND INCOME RESTRICTED AND ARE RENTED AT OR BELOW PUBLISHED FAIR MARKET RENTS, WITH TENANT RENT AND UTILITY PAYMENTS LIMITED TO 30% TO 40% OF ADJUSTED GROSS INCOME.

🔒

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 (2020)

Revenue Breakdown

Contributions & Grants $525,000

Program Service Revenue $124,975

Investment Income $9

Other Revenue $1,114

TOTAL REVENUE $651,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,826

Other Expenses $136,737

TOTAL EXPENSES $136,737

Year-over-Year Comparison

	2020	2019	Change
Revenue	$651,098	$224,597	+1.9%
Expenses	$136,737	$145,719	-0.1%
Net Income	$514,361	$78,878	+5.5%

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

$132,642

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCES KNIGHT THOMPSON	PRESIDENT & CHAIR	0.40	Officer Director	$0	$0	$0
DEBRA A GRANT	VICE CHAIR	0.40	Officer Director	$0	$0	$0
YVONNIA MOORE	SCRETARY/TREASURER	0.40	Officer Director	$0	$0	$0
CLIFTON PICKENS	DIRECTOR	0.40	Director	$0	$0	$0
MARQUETA HARRIS	DIRECTOR	0.40	Director	$0	$0	$0
NOMPILO NYATHI	DIRECTOR	0.40	Director	$0	$0	$0
RICHARD BULLOCK	DIRECTOR	0.40	Director	$0	$0	$0
JESSICA GUGLIELMO	CEO	1.00	Officer	$0	$0	$132,642

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
2021	$651,098	$136,737	No data	$514,361
2020	$224,597	$145,719	$4,149,009	$78,878
2019	$167,675	$170,503	$3,884,064	$-2,828
2018	$1,192,895	$380,971	$4,501,785	$811,924