Southeastern Massachusetts Veterans Housing Program Inc
- Assets
- $4.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 30
- Location
- New Bedford, MA
- Founding
- 09/1991
- Data as of
- 09/2023
- EIN
- 11-1190035
Organization Overview
Southeastern Massachusetts Veterans Housing Program Inc is located in New Bedford, MA. The organization was established in 1991. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2023, Southeastern Massachusetts Veterans Housing Program Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern Massachusetts Veterans Housing Program 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 09/2023, Southeastern Massachusetts Veterans Housing Program Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 5.5% 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
TO PROVIDE SHELTER AND SOCIAL SERVICES TO HOMELESS AND NEEDY VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITION HOUSE - REACHES INTO COMMUNITIES OF SOUTHEASTERN MASSACHUSETTS SERVING HOMELESS VETERANS IN NEED OF SUPPORT AND ASSISTANCE. THE TYPES OF SERVICES INCLUDE, BUT ARE NOT LIMITED TO, INDEPENDENT LIVING SKILLS, REHABILITATION, AND RE-INTEGRATION INTO THE COMMUNITY.
SUPPORTIVE SERVICES - PROVIDES SUPPORTIVE SERVICES TO VERY LOW-INCOME VETERAN FAMILIES LIVING IN OR TRANSITIONING TO PERMANENET HOUSING. STAFF PROVIDE ELIGIBLE VETERAN FAMILIES WITH OUTREACH, CASE MANAGEMENT, AND ASSISTANCE IN OBTAINING VA AND OTHER BENEFITS.
GRADUATE HOUSE - THESE PROGRAMS PROVIDE LONG-TERM, SINGLE BEDROOM APARTMENTS IN HOUSES OWNED BY THE AGENCY. RESIDENTS OF THE GRADUATE HOUSES ARE REQUIRED TO COMPLY WITH AGENCY REGULATIONS PERTAINING TO AN ALCOHOL AND DRUG FREE ENVIRONMENT.
THE OUTREACH CENTER IS A RESOURCE TO ALL VETERANS AND THEIR FAMILIES SEEKING INFORMATION AND SERVICES THAT SUPPORT THEIR SAFETY, HEALTH AND WELL-BEING. THE OUTREACH CENTER IS STAFFED BY PROFESSIONAL LICENSED CLINICIANS WHO ARE DEDICATED TO WORKING WITH VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reid Executive Director | Officer | 40 | $101,503 |
Jason Stripinis Business Manager & CFO | Officer | 40 | $95,714 |
John Remedis President | OfficerTrustee | 2 | $0 |
Richard Brown Treasurer | OfficerTrustee | 2 | $0 |
Rosemarie Lopes Clerk | OfficerTrustee | 2 | $0 |
Devin Robitalle Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,673 |
| Related organizations | $0 |
| Government grants | $2,254,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,558 |
| Noncash contributions included in lines 1a–1f | $41,534 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,669,123 |
| Total Program Service Revenue | $198,782 |
| Investment income | $11,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,673 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,881,457 |
| 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. | $210,487 |
| Compensation of current officers, directors, key employees. | $210,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,095,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,795 |
| Payroll taxes | $115,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,400 |
| Fees for services: Accounting | $31,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $63,363 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,751 |
| Advertising and promotion | $415 |
| Office expenses | $22,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $250,830 |
| Travel | $29,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,631 |
| Insurance | $44,489 |
| All other expenses | $6,880 |
| Total functional expenses | $2,411,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,770 |
| Savings and temporary cash investments | $133,507 |
| Pledges and grants receivable | $235,732 |
| Accounts receivable, net | $284,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $330,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,851 |
| Net Land, buildings, and equipment | $2,351,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $556,100 |
| Total assets | $3,976,951 |
| Accounts payable and accrued expenses | $73,219 |
| 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 | $327,290 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $189,573 |
| Total liabilities | $590,082 |
| Net assets without donor restrictions | $2,995,019 |
| Net assets with donor restrictions | $391,850 |
| 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 | $3,976,951 |