Vets Returning Home Inc
- Assets
- $138.6k
- Revenue
- $550.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Roseville, MI
- Founding
- 11/2015
- Data as of
- 09/2020
- EIN
- 46-3272647
Organization Overview
Vets Returning Home Inc is located in Roseville, MI. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2020, Vets Returning Home Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vets Returning 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 09/2020, Vets Returning Home Inc generated $550.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $501.9k during the year ending 09/2020. While expenses have increased by 8.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
VETERANS SERVICES IN THE FORM OF REFERRALS AND OTHER ASSISTANCE WHILE PROVIDING TRANSITIONAL HOUSING TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TRANSITIONAL SERVICES TO HOMELESS VETERANS.
PROVIDING TRANSITIONAL SERVICES TO HOMELESS VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Ledlie Chairman | Officer | 30 | $5,833 |
Sharyl Salvatore Secretary | Officer | 5 | $0 |
Sandra K Bower President | Officer | 30 | $0 |
Kathy Castillo Treasurer | Officer | 5 | $0 |
Roula Kappas Trustee | Trustee | 2 | $0 |
Rhonda Brown Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,435 |
| 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 | $81,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $62,007 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $35,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,656 |
| Advertising and promotion | $12,534 |
| Office expenses | $13,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $215,633 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,737 |
| Interest | $61 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,472 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $501,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,000 |
| Prepaid expenses and deferred charges | $4,260 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,580 |
| Accounts payable and accrued expenses | $8,787 |
| Grants payable | $0 |
| Deferred revenue | $56,200 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,900 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,887 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $64,693 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vets Returning Home Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
John D & Jean E Dinan Foundation Livonia, MI PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lesea Global Feed The Hungry Inc South Bend, IN | $8,955,303 | $44,845,049 |
The Glen At St Joseph Dayton, OH | $19,520,405 | $4,747,418 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Jerry And Laura Jacobson Foundation Inc Sugarcreek, OH | $0 | $911,608 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Saga Foundation Kalamazoo, MI | $17,766,736 | $2,178,963 |
Issachar Fund Grand Rapids, MI | $35,287,107 | $1,992,611 |
Charley Creek Foundation Inc Wabash, IN | $33,142,030 | $2,206,406 |
Lucy R Buechner Corp Youngstown, OH | $25,806,866 | $1,668,625 |
Here To Help Foundation Royal Oak, MI | $4,136,614 | $1,604,288 |
Stephen A Comunale Jr Charitable Foundation Akron, OH | $4,553,642 | $1,944,258 |
Daniel J Kobasic Foundation Escanaba, MI | $20,407,296 | $7,855,085 |