Solutions For Veterans Inc
- Assets
- $24.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 2
- Location
- Decatur, GA
- Founding
- 10/1999
- Data as of
- 12/2023
- EIN
- 58-2447022
Organization Overview
Solutions For Veterans Inc is located in Decatur, GA. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Solutions For Veterans Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solutions For 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, Solutions For Veterans Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $407.1k during the year ending 12/2023. 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
PROVIDE PROGRAMS AND SERVICES FOR VETERANS LIVING IN SUPPORTIVE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PROGRAM SERVICE NARRATIVE ATTACHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Craig Taylor Board Chair/president | OfficerTrustee | 40 | $100,000 |
Adam Gratzer Board Member/vice President | Trustee | 2 | $0 |
Christina Cummings Board Member/sec + Treasurer | Trustee | 2 | $0 |
Raymond Harper Board Member | Trustee | 2 | $0 |
Austin Parker Board Member | Trustee | 2 | $0 |
Stan C Parker Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,861,279 |
| Investment income | $137,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$98,307 |
| 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 | $1,900,029 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $66,714 |
| Information technology | $1,654 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $103,216 |
| All other expenses | $0 |
| Total functional expenses | $407,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,222 |
| Savings and temporary cash investments | $548,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $302,349 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,052,805 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,408 |
| Net Land, buildings, and equipment | $10,462,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,768 |
| Total assets | $24,498,639 |
| Accounts payable and accrued expenses | $153,402 |
| Grants payable | $0 |
| Deferred revenue | $4,651 |
| 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 | $10,266,029 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,424,082 |
| Net assets without donor restrictions | $13,574,557 |
| Net assets with donor restrictions | $500,000 |
| 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 | $24,498,639 |