Veterans Inc is located in Worcester, MA. The organization was established in 1991. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Veterans Inc employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Veterans Inc generated $23.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $21.1m during the year ending 06/2023. While expenses have increased by 3.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
VETERANS INC MISSION IS TO OPERATE ACCORDING TO THE PHILOSOPHY THAT VETERANS HAVE EARNED THE RESPECT AND GRATITUE OR OUR NATION AND THAT IN RETURN VETERANS INC. PROVIDE THEM WITH WHATEVER SERVICES ARE NEEDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OUTREACH AND SUPPORTIVE SERVICES PROGRAM SERVES VETERANS IN THE COMMUNITY ON AN OUTPATIENT BASIS, AND OFFER TRAINING, THERAPEUTIC GROUP SESSION, AND INDIVIDUAL COUNSELING , BENEFITS COUNSELING AND ADVOCACY, EMPLOYMENT SUPPORT AND OTHER SUPPORT SERVICES SUCH AS FOOD AND CLOTHING. THE PROGRAM IS FOCUSED ON THE REMOVAL OF BARRIERS THAT PREVENT PEOPLE FROM RECEIVING CRITICAL SERVICES, THE PRIMARY GOALS OF THE PROGRAM ARE FOR CLIENTS TO IMPROVE THEIR MENTAL HEALTH STATUS AND RESIDENTIAL STABILITY, INCREASE THEIR SKILL LEVEL OR INCOME. AND ACHIEVE GREATER SELF-DETERMINATION, SUPPORT SERVICES TO VETERAN FAMILIES FOCUS ON HOUSING STABILIZATION AND MAY INCLUDE TEMPORARY FINANCIAL ASSISTANCE TO HELP LOW-INCOME FAMILIES OBTAIN OR REMAIN IN HOUSING.
VETERANS INC HAS MANY OTHER PROGRAMS INCLUDING THE SUPPORTIVE HOUSING PROGRAM PROVIDES THE BASIC HUMAN NEEDS OF FOOD, CLOTHING AND SHELTER TO HOMELESS VETERANS, IN ADDITION ALL PARTICIPANTS ARE AFFORDED MEDICAL OR SUBSTANCE ABUSE TREATMENT, TRANSPORTATION ASSISTANCE AND OTHER FORMS OF COUNSELING AND SUPPORT SERVICES, THE ORGANIZATION WHICH WILL FURTHER PROMOTE THE MISSION OF VETERANS INC THROUGH THE SPONSORED PROJECT BY EDUCATING AND INCREASING AWARENESS AND ADVOCACY OF DISADVANTAGED POPULATIONS INCLUDING VETERANS.
THE HEALTH AND WELLNESS PROGRAM PROVIDES PHYSICAL, MENTAL AND MECHANISMS AND SUPPORT REINTEGRATION INTO THEIR FAMILIES AND COMMUNITIES, VETERANS INC OPERATED INDEPENDENCE HALL, THE FIRST VETERANS-SPECIFIC, LICENSED TREATMENT CENTER FOR ADDICTION RECOVERY AT ITS SITE IN SHREWSBURY, MASSACHUSETTS, THIS PROGRAM IN AN EVIDENCE-BASED TREATMENT CENTER FOR MALES AND FEMALES, FOCUSED ON VETERANS AND DELIVERING SERVICES WITH CULTURAL SKILL AND SENSITIVITY, WITH SPECIAL EXPERTISE IN THE VETERAN'S CULTURE. THE PROGRAM PROVIDES SERVICES THAT INCLUDE INPATIENT CLINICAL STABILIZATION, AS WELL AS OUTPATIENT PROGRAMS INCLUDING TALK THERAPIES AND FAMILY SUPPORT PROGRAMS, THE CENTER IS CONSIDERED THE FIRST OF ITS KIND IN THE COUNTRY TO BE OPERATED BY A COMMUNITY NON-PROTECT VETERAN'S ORGANIZATION, THIS CARE CONTRIBUTES TO VETERANS INC'S SUCCESS IN REDUCING HOMELESSNESS, PROGRAMS AND REFERRALS ARE ALSO AVAILABLE FOR NON-RESIDENT VETERANS.
THE EMPLOYMENT AND TRAINING PROGRAM HELPS VETERANS OBTAINED AND RETAINS JOB SO THEY CAN STABILIZE THEIR LIVES, VETERANS OBTAIN AND RETAIN JOB SO THEY CAN STABILIZE THEIR LIVES, VETERANS RECEIVE JOB COUNSELING, SUPPORT SERVICES, TRAINING AND JOB PLACEMENT AND RETENTION SERVICES, EMPLOYMENT SPECIALIST CONDUCT ASSESSMENTS OF VETERAN'S NEEDS, ASPIRATIONS, EMPLOYMENT OBJECTIVES, AND SKILLS AND CREATE EMPLOYMENT DEVELOPMENT PLANS WITH SET, ATTAINABLE GOALS, BARRIERS TO EMPLOYMENT AND PRIOR WORK HISTORY ARE EXPLORED, AND A DETERMINATION MADE AS TO WHAT TYPE OF TRAINING IS APPROPRIATE ONSITE AND OFFSITE TRAINING AND EDUCATION ARE PROVIDED BY QUALIFIED INSTRUCTORS, THE PROGRAM TAKES INTO ACCOUNT THAT SUCCESS INTO THE WORKPLACE OFTEN HINGES ON EMPLOYEE'S ABILITY TO SUCCESSFULLY MANAGE OTHER AREAS OF THEIR LIVES, CLIENTS ARE COUNSELED IN LIFE SKILLS, MONEY MANAGEMENT, STRESS MANAGEMENT AND RELATED AREAS, CLIENTS ALSO HAVE ACCESS TO RESUME WRITING, MOCK INTERVIEW TRAINING, DRESS FOR SUCCESS, AND CAREER COUNSELLING SERVICES, VETERANS, INC OFFERS TRANSPORTATION, FURTHER ELIMINATING POTENTIAL OBSTACLES TO JOB SUCCESS, APPROXIMATELY 70% OF VETERANS IN THE PROGRAM, WHO ARE ABLE TO WORK, OBTAIN JOBS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Vincent Perrone President & CEO | OfficerTrustee | 40 | $262,150 |
Denis M Leary VP & Exec. Director | OfficerTrustee | 40 | $256,697 |
George Bourisk Treasurer | OfficerTrustee | 1 | $0 |
Roland Bercume Secretary | OfficerTrustee | 1 | $0 |
Patrick Murphy Director | Trustee | 0.25 | $0 |
Barbara Rugo Focht Director | Trustee | 0.25 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Meister Seelig & Fein Llp Legal Services | 6/29/23 | $129,450 |
Heavan Sent Home Care Llc Home Care Services | 6/29/23 | $283,486 |
Paraskevi Tsoutsoplides Consultant | 6/29/23 | $177,577 |
Performance Foodservice Llc Foodservice | 6/29/23 | $261,376 |
Rubicon Builders Llc Construction Services | 6/29/23 | $138,537 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $69,783 |
Related organizations | $0 |
Government grants | $14,291,163 |
All other contributions, gifts, grants, and similar amounts not included above | $1,579,678 |
Noncash contributions included in lines 1a–1f | $400,700 |
Total Revenue from Contributions, Gifts, Grants & Similar | $15,940,624 |
Total Program Service Revenue | $7,108,688 |
Investment income | $137,075 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $23,466,512 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,641,075 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $831,976 |
Compensation of current officers, directors, key employees. | $83,198 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,391,492 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,237,151 |
Payroll taxes | $912,591 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $107,211 |
Fees for services: Lobbying | $21,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,177,449 |
Advertising and promotion | $30,448 |
Office expenses | $255,866 |
Information technology | $318,116 |
Royalties | $0 |
Occupancy | $1,844,367 |
Travel | $349,751 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,581 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $472,230 |
Insurance | $22,230 |
All other expenses | $0 |
Total functional expenses | $21,066,172 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,877,053 |
Savings and temporary cash investments | $110,997 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,307,548 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $23,609 |
Prepaid expenses and deferred charges | $193,372 |
Net Land, buildings, and equipment | $12,496,382 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $2,079 |
Other assets | $0 |
Total assets | $27,011,040 |
Accounts payable and accrued expenses | $1,349,468 |
Grants payable | $0 |
Deferred revenue | $1,226,061 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $4,518,875 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $7,094,404 |
Net assets without donor restrictions | $19,781,636 |
Net assets with donor restrictions | $135,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $27,011,040 |