Veritas Impact Partners
- Assets
- $100.5k
- Revenue
- $326.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-1734762
Organization Overview
Veritas Impact Partners is located in Austin, TX. The organization was established in 2019. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veritas Impact Partners 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, Veritas Impact Partners generated $326.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $411.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SOCIAL SERVICES AND RESIDENT PROGRAMS TO LOW TO MODERATE-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH & WELLNESS: DELIVERING BETTER HEALTH & WELLNESS OUTCOMES FOR INDIVIDUALS, FAMILIES AND GROUPS, INCLUDING LOCAL PROGRAM REFERRALS THROUGH ONSITE ACTIVITIES. JOBS/ECONOMIC ADVANCEMENT: IMPROVING EMPLOYABLE AND MARKETABLE SKILLS FOR WORKING AGE INDIVIDUALS TO INCREASE HOUSEHOLD REVENUES AND DECREASE ONGOING LIVING EXPENSES. EDUCATION: IMPROVING LEARNING ABILITIES AND APTITUDES FOR FAMILIES WITH CHILDREN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Searles CEO | Officer | 40 | $136,369 |
Antonio Marquez Co-Chair | OfficerTrustee | 1 | $0 |
Rachel Dietemeyer Treasurer | OfficerTrustee | 1 | $0 |
Tracy Thompson Secretary | OfficerTrustee | 1 | $0 |
Anthony Tarter Vice Chair | OfficerTrustee | 1 | $0 |
Jp Newman Co-Chair | OfficerTrustee | 1 | $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 | $320,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,387 |
| Total Program Service Revenue | $5,969 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,356 |
| 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. | $136,369 |
| Compensation of current officers, directors, key employees. | $13,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,392 |
| Fees for services: Accounting | $13,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,880 |
| Advertising and promotion | $31,707 |
| Office expenses | $6,539 |
| Information technology | $41 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,291 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,338 |
| All other expenses | $0 |
| Total functional expenses | $411,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,528 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,528 |
| Accounts payable and accrued expenses | $5,691 |
| 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 | $0 |
| Total liabilities | $5,691 |
| Net assets without donor restrictions | $94,837 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $100,528 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veritas Impact Partners has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
United Charitable Ashburn, VA PURPOSE: GENERAL DONATION | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Dominic Village Houston, TX | $13,513,269 | $14,710,628 |
Shelter Ministries Of Dallas Dallas, TX | $40,953,224 | $24,185,311 |
Poydras Home New Orleans, LA | $42,506,681 | $9,878,531 |
Innovative Student Facilities Inc Ruston, LA | $167,914,414 | $12,543,045 |
Sand Springs Home Sand Springs, OK | $70,860,771 | $5,861,443 |
Santa Fe Community Housing Tr Santa Fe, NM | $45,526,696 | $6,534,024 |
Village Project Inc Houston, TX | $61,521,022 | $3,671,137 |
Speck Homes Inc Oklahoma City, OK | $1,586,940 | $3,986,679 |
Na Nizhoozhi Center Inc Gallup, NM | $616,867 | $2,436,730 |
Tanglewood Homes Association Inc Houston, TX | $2,297,553 | $1,937,017 |
Apartment Association Of Tarrant County Inc Hurst, TX | $2,773,713 | $2,419,564 |
New Haven Home Inc Mineral Wells, TX | $302,697 | $1,884,553 |