Virginia · Nonprofit
SECOND ACT COMMUNITIES
SECOND ACT COMMUNITIES (Virginia) receives grants from 4 organizations whose IRS filings report $578,510 to it, the largest being THDF II Inc DBA The Home Depot Foundation & Homer Fund ($320,000). 2 of them have funded it in more than one year.
- Revenue FY2021
- $651k
- Funders on record
- 4
- Grants received
- $579k
- Net assets
- $0
What Second Act Communities does
Mission
We create housing and supportive services that profoundly change the lives of our neighbors across the region.
As stated on its FY2021 Form 990.
Program
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.
The first program described on its most recent Form 990, which lists programs largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $4.1M to $0 (−100%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 27% · 2019 3% · 2020 49% · 2021 81%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
The chief executive listed changed between the FY2020 and FY2021 filings.
Who funds it, year by year
2017 → 2021: the base narrowed from 2 funders to 1 funder, grant income fell $328k → $5.
2 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 45% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of SECOND ACT COMMUNITIES’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SECOND ACT COMMUNITIES leans on a few funders — its largest provides 55% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SECOND ACT COMMUNITIES.
Largest funder’s share by year: 2017 98% · 2018 100% · 2020 100% · 2021 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
SECOND ACT COMMUNITIES draws 100% of its grant income from funders outside Virginia, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $258k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like SECOND ACT COMMUNITIES
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
99% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Virginia Beach Community Development Corporation · exempt
- Cypress Landing LLC · partnership
- Chesapeake Vets' Housing · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for SECOND ACT COMMUNITIES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SECOND ACT COMMUNITIES?
- SECOND ACT COMMUNITIES (Virginia) receives grants from 4 organizations whose IRS filings report $578,510 to it, the largest being THDF II Inc DBA The Home Depot Foundation & Homer Fund ($320,000). 2 of them have funded it in more than one year.
- How many funders does SECOND ACT COMMUNITIES have?
- IRS filings report 4 organizations giving $578,510 in grants to SECOND ACT COMMUNITIES, 2 of which have funded it in more than one year.
- Who is the largest funder of SECOND ACT COMMUNITIES?
- THDF II Inc DBA The Home Depot Foundation & Homer Fund is the largest funder on record, with $320,000 in grants. The full list of funders is on this page.
- How can an organization like SECOND ACT COMMUNITIES find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Second Act Communities →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2021 (financials across 2017–2021), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing