Veterans Bridge Home Inc

Organization Overview

Veterans Bridge Home Inc is located in Charlotte, NC. The organization was established in 2011. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Veterans Bridge Home Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Bridge Home 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 12/2021, Veterans Bridge Home Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 14.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF VETERANS BRIDGE HOME IS: A STRONGE4R COMMUNITY. ONE VETERAN AT A TIME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VETERANS BRIDGE HOME SERVES AS THE BACKBONE ORGANIZATION FOR NCSERVES MARKETS: CHARLOTTE, TRIAD, TRIANGLE AND FAYETTEVILLE AS A COORDINATED CARE NETWORK CONNECTING SEVICE MEMBERS, VETERANS, AND MILITARY FAMILIES TO SERVICES THROUGH A COLLECTIVE IMPACT MODEL TO IMPROVE SOCIAL DETERMINANTS OF HEALTH. IN 2021, VETERANS BRIDGE HOME CONNECTED 2,644 VETERAN SERVICE MEMBER FAMILIES, A 9% INCREASE, TO 6,191 SERVICES, AN AVERAGE OF 2.3 SERVICES PER FAMILY. (CONTINUED ON SCHEDULE O)THE TOP 3 NEEDS WERE: HOUSING, EMPLOYMENT AND SOCIAL ENRICHMENT WITH THESE CATEGORIES MAKING UP 51% OF ALL NETWORK REQUESTS. IN 2021, THE NETWORK RESOLVES 85% OF ALL REQUESTS FAVORABLY. VBH AND THE NCSERVES NETWORK ARE COMMITTED TO SERVING A DIVERSE POPULATION OF VETERANS THROUGHOUT OUR COMMUNITY. IN 2021, 27% OF VETERANS SERVED WERE FEMALE; 48.8% BLACK/AFRICAN AMERICAN, 1% AMERICAN INDIAN/ALASKA NATIVE, 4.4% IDENTIFIED AS HISPANIC/LATINO. EXCLUDING REQUESTS FOR HOUSING, THERE WERE 1,081 CLIENTS WITH 2 OR MORE IDENTIFIED CO-OCCURING NEEDS. THIS ACCOUNTS FOR 41% OF OUR CLIENTS WHO HAD MULTIPLE NEEDS ADDRESSED OTHER THAN HOUSING.


THE U.S. DEPARTMENT OF LABOR'S DATA SHOWED A DECREASE IN VETERAN UNEMPLOYMENT FROM 6.5% IN 2020 TO 4.4% IN 2021 OF VETERANS 18 YEARS AND OVER. VETERAN EMPLOYMENT SUPPORT REMAINS A TOP NEED IN OUR COMMUNITY. IN 2021, VETERANS BRIDGE HOME RECEIVED 517 EMPLOYMENT SUPPORT REQUESTS AND 812 SERVICE REQUESTS. OUR ORGANIZATION WORKS WITH OVER 23 VETERAN SERVICE ORGANIZATIONS IN AND OUT OF NETWORK TO PROVIDE VETERANS WIT HJOB-READINESS WORKSHOPS, INTERVIEW SKILS AND ENGAGEMENT IN HIRING EVENTS. WE ALSO DEVELOP AND MAINTAIN STRONG RELATIONSHIPS WITH OVER 250 LOCAL EMPLOYERS; SOME WHO ARE NATIONAL, TO ASSIST THEM TO RECRUIT, HIRE AND RETAIN VETERAN TALENT.


VBH CONTINUES TO PRIORITIZE BUILDING SOCIAL CAPITAL FOR VETERAN FAMILIES, ADDRESSING THE SUICIDE RISK FACTOR OF ISOLATION, THROUGH A VARIETY OF EVENTS PROMOTING PERSON AND PROFESSIONAL NETWORK AND WELL-BEING. WE HAVE OVER 5,000 VETERANS IN THE CHARLOTTE MARKET ALONE. WHILE THE COVID-19 PANDEMIC GREATLY IMPACTEDOUR SOCIAL ENRICHMENT EFFORTS IN THE COMMUNITY, WE WERE ABLE TO SHIFT FROM PRIMARILY IN-PERSON TO 168 VIRTUAL AND SOCIALLY DISTANCED EVENTS TO INCLUDE VOLUNTEER EVENTS. WE CONTINUE TO ENGAGE VETERANS THROUGHOUT THE COMMUNITY THROUGH OUR WEEKLY NEWSLETTER, BY ENGAGING VETERAN EMPLOYEE RESOURCE GROUPS AND IN PARTNERSHIP WITH OTHER COMMUNITY ORGANIZATIONS. (CONTINUED ON SCHEDULE O)WE HAVE BEEN ABLE TO PROVIDE THESE VETERANS WITH THE MEANS TO INCREASE THEIR SOCIAL CAPITAL, RESULTING IN A MORE SUSTAINABLE COMMUNITY AND AN INCREASED SENSE OF INDIVIDUAL WELLBEING DURING A TIME OF UNCERTAINTY PRESENTED BY THE PANDEMIC.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $686,852
All other contributions, gifts, grants, and similar amounts not included above$1,818,355
Noncash contributions included in lines 1a–1f $16,158
Total Revenue from Contributions, Gifts, Grants & Similar$2,505,207
Total Program Service Revenue$0
Investment income $362
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $108,382
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,613,951

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Veterans Bridge Home Inc has recieved totaling $444,494.

Awarding OrganizationAmount
Bob Woodruff Family Foundation Inc

New York, NY

PURPOSE: SERVICE COORDINATION

$100,000
United Way Of Greater Charlotte

Charlotte, NC

PURPOSE: PROGRAM OPERATING COSTS; DONOR DESIGNATED 3RD PARTY FOR PROGRAM OPERATING COSTS

$62,465
Rsm Us Foundation

Davenport, IA

PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER

$62,388
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$41,350
Hendrick Family Foundation

Charlotte, NC

PURPOSE: PROGRAM SUPPORT

$33,033
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$32,200
View Grant Recipient Profile

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