New Mexico Veterans Integration Centers
- Assets
- $5.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 37
- Location
- Albuquerque, NM
- Founding
- 09/2006
- Data as of
- 09/2023
- EIN
- 55-0901604
Organization Overview
New Mexico Veterans Integration Centers is located in Albuquerque, NM. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2023, New Mexico Veterans Integration Centers employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Veterans Integration Centers 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 09/2023, New Mexico Veterans Integration Centers generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $2.8m during the year ending 09/2023. While expenses have increased by 4.5% per year over the past 8 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 ENABLE VETERANS AND THEIR FAMILIES TO ACHIEVE STABLE HOUSING, FINANCIAL SECURITY, AND A RENEWED SENSE OF COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNIFICANT ACCOMPLISHMENTS IN FY23: 1. SUSTAINED OUR LONG-TERM HOUSING STABILITY RATE TO 66%, WHILE PROVIDING IN EXCESS OF 1.38M IN SUPPORT FOR OVER 364 FAMILY MEMBERS WITH HOUSING ASSISTANCE AND WRAP-AROUND SERVICES; 2. PROVIDED ESSENTIAL FOOD RESOURCES VALUED IN EXCESS OF 335K TO OVER 1,043 VETERAN AND NON-VETERAN CLIENTS THROUGH OUR COMMUNITY FOOD PANTRY, INCLUDING MAINTAINING HOME DELIVERY TO 2 NEEDY FAMILIES EACH MONTH; 3. COMMENCED CONSTRUCTION ON OUR NEW TRANSITIONAL HOUSING BUILDING, WHICH IS SCHEDULED TO BE COMPLETED BY JUNE 30, 2024. ONCE COMPLETE, IT IS ANTICIPATED THAT OUR OFFICE AND OPERATIONAL COMBINDED RENTAL EXPENSES WILL BE CUT BY CLOSE TO 150K ANNUALLY. 4. MAINTAINED AN OVERHEAD COST OF LESS THAN 10% DURING THE FISCAL YEAR ENSURING THAT ESSENTIAL RESOURCES TO END HOMELESSNESS WERE PROVIDED BACK TO THE VETERAN FAMILIES WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brock Wolff CEO | Officer | 60 | $73,856 |
Gerard Jerry Becker Chairperson | OfficerTrustee | 6 | $0 |
Charles P Price Secretary | OfficerTrustee | 4 | $0 |
Ben Benjamin Director | Trustee | 2 | $0 |
Cindy Davis Director/cha | Trustee | 2 | $0 |
John M Garcia Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,510,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,333 |
| Noncash contributions included in lines 1a–1f | $342,281 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,813,938 |
| Total Program Service Revenue | $29,048 |
| Investment income | $1,204 |
| 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 | $5,850,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $360,645 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,656 |
| Compensation of current officers, directors, key employees. | $8,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,297,562 |
| Pension plan accruals and contributions | $14,123 |
| Other employee benefits | $68,030 |
| Payroll taxes | $109,595 |
| 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 | $20,966 |
| Advertising and promotion | $35,193 |
| Office expenses | $69,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,515 |
| Travel | $30,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,449 |
| Insurance | $34,165 |
| All other expenses | $24,914 |
| Total functional expenses | $2,766,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,341 |
| Savings and temporary cash investments | $69,883 |
| Pledges and grants receivable | $1,433,313 |
| Accounts receivable, net | $3,784 |
| 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 | $3,193,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $196,778 |
| Other assets | $3,203 |
| Total assets | $4,962,889 |
| Accounts payable and accrued expenses | $1,254,868 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $207,600 |
| Total liabilities | $1,462,468 |
| Net assets without donor restrictions | $3,440,766 |
| Net assets with donor restrictions | $59,655 |
| 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 | $4,962,889 |