Veteran Homestead Inc
- Assets
- $0.0
- Revenue
- $507.9k
- Investments
- $0.0
- Employees
- 23
- Location
- Gardner, MA
- Founding
- 11/1993
- Data as of
- 11/2019
- EIN
- 04-3199887
Organization Overview
Veteran Homestead Inc is located in Gardner, MA. The organization was established in 1993. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 11/2019, Veteran Homestead Inc employed 23 individuals. Veteran Homestead 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 11/2019, Veteran Homestead Inc generated $507.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $538.1k during the year ending 11/2019. As we would expect to see with falling revenues, expenses have declined by (23.2%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OPROVIDING TRANSITIONAL HOUSING, HOSPICE CARE, AND REHABILITATIVE SERVICES TO VETERANS WHO ARE HOMELESS, DISABLED, TERMINALLY ILL, WOUNDED OR OTHERWISE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED 6 HOUSING FACILITIES FOR VETERANS
OPERATED 6 HOUSING FACILITIES FOR VETERANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Olsen Commander | OfficerTrustee | 0 | $0 |
Jesse Flynn Treasurer | OfficerTrustee | 0 | $0 |
James Follis Assistant Treasurer | OfficerTrustee | 0 | $0 |
Will Egan Sr. Vice Commander | OfficerTrustee | 0 | $0 |
Paul Dubey Chairman | OfficerTrustee | 0 | $0 |
Alan Bowers Dept. Judge Advocate | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $223,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,554 |
| Total Program Service Revenue | $118,356 |
| Investment income | $23 |
| 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 | $507,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,419 |
| Payroll taxes | $20,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,244 |
| Travel | $1,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,534 |
| Insurance | $11,902 |
| All other expenses | $2,583 |
| Total functional expenses | $538,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veteran Homestead Inc has recieved totaling $106,150.
| Awarding Organization | Amount |
|---|---|
Disabled American Veterans Boston, MA | | $106,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mjhs Hospice And Palliative Care Inc Brooklyn, NY | $22,615,879 | $95,126,752 |
Care Dimensions Inc Danvers, MA | $84,137,816 | $77,104,167 |
Hopehealth Hospice & Palliative Care Providence, RI | $65,001,327 | $71,503,436 |
Hospice Care Network Woodbury, NY | $95,498,541 | $55,850,359 |
Good Shepherd Hospice Farmingdale, NY | $49,854,120 | $46,464,236 |
Hospice Buffalo Inc Cheektowaga, NY | $15,381,266 | $36,481,567 |
The Community Hospice Inc Albany, NY | $59,812,063 | $39,404,274 |
Hudson Valley Hospice Inc Poughkeepsie, NY | $27,151,093 | $35,557,404 |
Tufts Medicine Care At Home Inc Lawrence, MA | $34,697,054 | $22,121,108 |
Hospice Of The Good Shepherd Inc Newton, MA | $15,111,435 | $18,556,868 |
The Connecticut Hospice Inc Branford, CT | $20,802,713 | $21,548,024 |
Vna Care Hospice Inc Worcester, MA | $19,818,375 | $17,813,208 |