Midwest Shelter For Homeless Veterans Inc
- Assets
- $3.7m
- Revenue
- $2.2m
- Investments
- $70.0k
- Employees
- 19
- Location
- Wheaton, IL
- Founding
- 10/2005
- Data as of
- 12/2023
- EIN
- 36-4337985
Organization Overview
Midwest Shelter For Homeless Veterans Inc is located in Wheaton, IL. The organization was established in 2005. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Midwest Shelter For Homeless Veterans Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Shelter For Homeless 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 12/2023, Midwest Shelter For Homeless Veterans Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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 VETERANS AND THEIR FAMILIES WITH HOUSING AND SUPPORTIVE SERVICES THAT LEAD TO SELF-SUFFICIENCY AND TO ENSURE THAT NO VETERAN IS LEFT BEHIND DUE TO HOMELESSNESS, JOBLESSNESS, POVERTY, AND/OR MENTAL HEALTH ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING, SUPPORTIVE SERVICES, AND COMMUNITY OUTREACH TO HELP HOMELESS AND AT-RISK VETERANS AND THEIR FAMILIES ACHIEVE SELF-SUFFICIENCY. FROM ITS TRANSITIONAL HOUSING FACILITY IN WHEATON, ILLINOIS, THE ORGANIZATION SUCCESSFULLY TRANSITIONED MANY VETERANS, MEANING THE INDIVIDUALS WERE MOVING INTO PERMANENT HOUSING UPON DISCHARGE. THE ORGANIZATION ALSO HOUSED NUMEROUS VETERANS IN THEIR AFFORDABLE HOUSING PROGRAM AND IN THEIR PERMANENT SUPPORTIVE HOUSING PROGRAMS. THE ORGANIZATION HAS ALSO ASSISTED HOUSEHOLDS WITH SUPPLIES, SERVICES, AND REFERRALS THROUGH THEIR COMMUNITY OUTREACH EFFORTS.
THE ORGANIZATION ASSISTED NUMEROUS HOUSEHOLDS AND INDIVIDUALS, WITH HOUSING AND SUPPORT SERVICES THROUGH THEIR SUPPORTIVE SERVICES FOR VETERAN FAMILIES PROGRAM. THIS PROGRAM PROVIDES SERVICES TO LOW-INCOME HOMELESS AND AT-RISK VETERAN FAMILIES LIVING IN OR TRANSITIONING TO PERMANENT HOUSING IN DEKALB, DUPAGE, GRUNDY, KANE, KENDALL, LASALLE, AND WILL COUNTIES. PROVIDED SERVICES INCLUDE CASE SERVICES SUCH AS MENTAL HEALTH CARE AND OTHER BENEFITS. UNDER THE PROGRAM, THE ORGANIZATION ALSO OFFERS FINANCIAL ASSISTANCE TO VETERANS FOR RENT, UTILITY, AND SECURITY DEPOSIT PAYMENTS. THE ORGANIZATION ALSO ASSISTS UNEMPLOYED AND UNDEREMPLOYED VETERANS AND THEIR FAMILIES WITH OBTAINING AND MAINTAINING EMPLOYMENT THROUGH THE VETERAN EMPLOYMENT PROGRAM, AND THE ORGANIZATION SERVED NUMEROUS VETERANS IN THIS CAPACITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Ziemba President | OfficerTrustee | 5 | $0 |
Terry Benshoof Vice President | OfficerTrustee | 4 | $0 |
John Hughes Treasurer | OfficerTrustee | 4 | $0 |
Justin Smit Secretary | OfficerTrustee | 4 | $0 |
Marvin Donelson Director | Trustee | 2 | $0 |
Jack Erwin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,057,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,066,578 |
| Noncash contributions included in lines 1a–1f | $80,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,123,856 |
| Total Program Service Revenue | $64,157 |
| Investment income | $15,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,206,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $602,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,456 |
| Compensation of current officers, directors, key employees. | $34,352 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,114,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $115,079 |
| Payroll taxes | $104,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $123,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,181 |
| Advertising and promotion | $2,463 |
| Office expenses | $14,343 |
| Information technology | $1,699 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,993 |
| Interest | $12,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,145 |
| Insurance | $23,031 |
| All other expenses | $44,301 |
| Total functional expenses | $2,576,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,621 |
| Savings and temporary cash investments | $512,420 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,731 |
| 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 | $4,032 |
| Net Land, buildings, and equipment | $2,181,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $69,982 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $364,916 |
| Total assets | $3,659,907 |
| Accounts payable and accrued expenses | $117,827 |
| Grants payable | $0 |
| Deferred revenue | $62,649 |
| 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 | $277,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,100 |
| Total liabilities | $623,819 |
| Net assets without donor restrictions | $1,508,262 |
| Net assets with donor restrictions | $1,527,826 |
| 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 | $3,659,907 |