The Veterans Group Inc
- Assets
- $1.0m
- Revenue
- $85.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 03/2008
- Data as of
- 09/2022
- EIN
- 26-1323081
Organization Overview
The Veterans Group Inc is located in Philadelphia, PA. The organization was established in 2008. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Veterans Group Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Group 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 09/2022, Veterans Group Inc generated $85.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $132.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOOD, SHELTER AND SUPPORT SERVICES TO HOMELESS VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEED AND HOUSE UP TO 40 HOMELESS VETERANS - AVERAGE VETERANS DURING THE YEAR WERE 17.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Oulton Treasurer | Officer | 5 | $0 |
Michael Palladino President Of The Board | Officer | 1 | $0 |
Steve Phillabaum Board Member | Trustee | 1 | $0 |
Nick Loyle Board Member | Trustee | 1 | $0 |
Eric R Cohen Board Member | Trustee | 1 | $0 |
Stephen Wagner Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,198 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,833 |
| Total Program Service Revenue | $39,100 |
| Investment income | $0 |
| 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 | $85,433 |
| 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 | $19,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,245 |
| 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 | $142 |
| Information technology | $1,406 |
| Royalties | $0 |
| Occupancy | $27,543 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,081 |
| Insurance | $14,218 |
| All other expenses | $0 |
| Total functional expenses | $132,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,890 |
| 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 | $1,031,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,049,465 |
| Accounts payable and accrued expenses | $23,550 |
| 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 | $47,295 |
| Secured mortgages and notes payable | $941,518 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,012,363 |
| Net assets without donor restrictions | $37,102 |
| 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 | $1,049,465 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Veterans Group Inc has recieved totaling $62,567.
| Awarding Organization | Amount |
|---|---|
Wawa Foundation Inc Wawa, PA PURPOSE: TO SUPPORT THE FOUNDATION PROGRAM INITIATIVES | $52,000 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: VETERANS | $10,000 |
William Goldman Foundation C/O Marilyn Klein Radnor, PA PURPOSE: UNRESTRICTED | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westhab Inc Yonkers, NY | $114,731,576 | $108,606,814 |
Home-Life Services Inc Brooklyn, NY | $11,358,960 | $49,313,152 |
Community Shelter Board Columbus, OH | $28,067,567 | $45,431,477 |
Project Hospitality Inc Staten Island, NY | $24,265,282 | $41,568,587 |
Urban Pathways Inc New York, NY | $30,994,608 | $33,252,102 |
Helping Up Mission Incorporated Baltimore, MD | $36,151,019 | $24,482,350 |
Aguila Inc Bronx, NY | $26,513,070 | $18,809,046 |
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Lifting Up Westchester Inc White Plains, NY | $11,378,064 | $11,870,807 |
Shelterhouse Volunteer Group Cincinnati, OH | $26,369,739 | $9,497,245 |
Faith Mission Inc Worthington, OH | $14,023,836 | $10,130,756 |