Veterans Bridge Home Inc
- Assets
- $3.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Charlotte, NC
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 45-2350728
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 12/2022, 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 12/2022, Veterans Bridge Home Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 16.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF VETERANS BRIDGE HOME IS: A STRONGER 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: METROLINA (CHARLOTTE REGION), TRIAD, TRIANGLE AND THE SANDHILLS (FAYETTEVILLE REGION) AS A COORDINATED CARE NETWORK CONNECTING SERVICE MEMBERS, VETERANS, AND MILITARY FAMILIES TO SERVICES THROUGH A COLLECTIVE IMPACT MODEL TO IMPROVE SOCIAL DETERMINANTS OF HEALTH. IN 2022, VETERANS BRIDGE HOME CONNECTED 2,941 IDENTIFIED SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES, A 23% INCREASE FROM 2392 IDENTIFIED SMVF IN 2021, TO 6,275 SERVICES, AN AVERAGE OF 2.13 SERVICES PER FAMILY. THE TOP 3 NEEDS WERE: HOUSING, EMPLOYMENT AND INCOME SUPPORT WITH THESE CATEGORIES MAKING UP 58.7% OF ALL NETWORK REQUESTS. IN 2022, THE NETWORK RESOLVED 73% OF ALL REQUESTS FAVORABLY. VBH AND THE NCSERVES NETWORK ARE COMMITTED TO SERVING A DIVERSE POPULATION OF SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES THROUGHOUT OUR COMMUNITY. IN 2022, 27.9% OF VETERANS SERVED WERE FEMALE; 51.4% BLACK/AFRICAN AMERICAN, 0.8% AMERICAN INDIAN/ALASKA NATIVE OR NATIVE HAWAIIAN/PACIFIC ISLANDER, 4.3% IDENTIFIED AS HISPANIC/LATINO. 1,093 CLIENTS HAD 2+ IDENTIFIED CO-OCCURRING NEEDS; 706 OF THESE CLIENTS WITH 2 OR MORE NEEDS DID NOT INCLUDE HOUSING SUPPORT AS ONE OF THEIR IDENTIFIED NEEDS. OF ALL CLIENTS SERVED IN 2022, 24% HAD MULTIPLE CO-OCCURRING NEEDS, EXCLUDING HOUSING REQUESTS.
THE U.S. DEPARTMENT OF LABOR'S DATA SHOWED A DECREASE IN VETERAN UNEMPLOYMENT FROM 4.4% IN 2021 TO 2.8% IN 2022 OF VETERANS 18 YEARS AND OVER. EMPLOYMENT SUPPORT WAS THE 2ND MOST REQUESTED SERVICE ACROSS OUR SERVICE AREA IN 2022 MAKING UP APPROXIMATELY 12% OF ALL REQUESTS. SOME SOUGHT NEW CAREERS WHILE OTHERS DESIRED BETTER EMPLOYMENT OPPORTUNITIES. TO ADDRESS THIS, VBH ORGANIZED 5 CAREER FAIRS STATEWIDE, ATTRACTING 6,659 SERVICE MEMBERS, VETERANS, AND FAMILY MEMBERS. WE ALSO WORKED CLOSELY WITH OVER A THOUSAND EMPLOYERS TO HELP THEM BETTER UNDERSTAND HOW AND WHY THEY SHOULD HIRE VETERANS AND THEIR SPOUSES.
IN SEPTEMBER 2022, VBH WAS AWARDED A $750,000 GRANT FROM THE U.S. DEPARTMENT OF VETERANS AFFAIRS TO COUNTER VETERAN SUICIDE.THE STAFF SERGEANT PARKER GORDON FOX SUICIDE PREVENTION GRANT SUPPORTS COMMUNITY-BASED SUICIDE PREVENTION EFFORTS THROUGH OUTREACH, SUICIDE PREVENTION SERVICES, AND CONNECTION TO VA AND COMMUNITY RESOURCES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Norman Chairperson | Trustee | 5 | $0 |
Amaris Mccomas Bod Chair | Trustee | 3 | $0 |
Andrew Barnes Director | Trustee | 1 | $0 |
Melissa Bodford Director | Trustee | 1 | $0 |
Kevin Eckert Director | Trustee | 1 | $0 |
Brian Heslin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $460,278 |
| Related organizations | $0 |
| Government grants | $736,082 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,377,412 |
| Total Program Service Revenue | $0 |
| Investment income | $8,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$234,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,150,577 |
| 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. | $206,950 |
| Compensation of current officers, directors, key employees. | $74,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,261,994 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $143,347 |
| Payroll taxes | $121,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $203 |
| Fees for services: Accounting | $50,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,562 |
| Advertising and promotion | $88,465 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $231,243 |
| Travel | $115,590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,857 |
| Insurance | $13,087 |
| All other expenses | $0 |
| Total functional expenses | $2,466,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,522,659 |
| Savings and temporary cash investments | $89,103 |
| Pledges and grants receivable | $179,800 |
| 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 | $4,645 |
| Net Land, buildings, and equipment | $127,325 |
| Investments—publicly traded securities | $35,214 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,874,575 |
| Total assets | $3,833,321 |
| Accounts payable and accrued expenses | $35,200 |
| Grants payable | $0 |
| Deferred revenue | $5,761 |
| 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 | $1,946,038 |
| Total liabilities | $1,986,999 |
| Net assets without donor restrictions | $1,677,372 |
| Net assets with donor restrictions | $168,950 |
| 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 | $3,833,321 |