Veterans Multi-Service Center Inc
- Assets
- $5.0m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 195
- Location
- Philadelphia, PA
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 23-2764079
Organization Overview
Veterans Multi-Service Center Inc is located in Philadelphia, PA. The organization was established in 1995. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Veterans Multi-Service Center Inc employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Multi-Service Center 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 06/2022, Veterans Multi-Service Center Inc generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $14.8m during the year ending 06/2022. While expenses have increased by 5.0% 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
TO ADVANCE THE CAUSE OF VETERANS BY PROVIDING SERVICES INNOVATIVE PROGRAMS OPPORTUNITIES AND ADVANCEMENT FOR VETERANS OF THE U.S. MILITARY AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR HOMELESS VETERANS PROGRAMS PROVIDE ASSISTANCE TO SECURE HOUSING AND RELATED SERVICES THROUGH A CONTINUUM OF CARE WITH TRANSITIONAL AND PERMANENT HOUSING.
OUR EMPLOYMENT AND TRAINING PROGRAMS HELP VETERANS TO RE-ENTER THE WORKFORCE BY ACQUIRING NECESSARY SKILLS TO COMPETE FOR DEMANDING POSITIONS WITH GOOD INCOME POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Brooks Executive Director | 40 | $190,248 | |
Marie Nahikian Secretary | Officer | 2 | $0 |
Stephen Ramsey President | Officer | 3 | $0 |
Jonathan Saidel Treasurer | Officer | 2 | $0 |
Jim Davie Vice President | Officer | 2 | $0 |
Rodney Little Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corporate Lodging Consultants Inc Temporary Housing | 6/29/22 | $1,496,373 |
Butler Human Services Bedroom Furniture For Clients | 6/29/22 | $142,462 |
Craft Source Inc Construction / Renovations | 6/29/22 | $125,797 |
700 Somerset Partners Lp Landlord | 6/29/22 | $181,188 |
Cbj Delivery Service Llc Household Essentials For Clients | 6/29/22 | $171,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,208,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,579 |
| Noncash contributions included in lines 1a–1f | $425,182 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,767,276 |
| Total Program Service Revenue | $102,664 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $240,400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $216,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,923,218 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,764,783 |
| Pension plan accruals and contributions | $132,324 |
| Other employee benefits | $621,988 |
| Payroll taxes | $488,482 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $282,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $606,981 |
| Travel | $68,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,181 |
| Insurance | $176,812 |
| All other expenses | $0 |
| Total functional expenses | $14,819,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,508,530 |
| Savings and temporary cash investments | $260,029 |
| Pledges and grants receivable | $55,249 |
| Accounts receivable, net | $1,251,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $541,216 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $129,560 |
| Net Land, buildings, and equipment | $1,202,821 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,750 |
| Total assets | $4,990,474 |
| Accounts payable and accrued expenses | $515,121 |
| Grants payable | $0 |
| Deferred revenue | $273,553 |
| 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 | $699,377 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,400 |
| Total liabilities | $1,506,451 |
| Net assets without donor restrictions | $3,193,052 |
| Net assets with donor restrictions | $290,971 |
| 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 | $4,990,474 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veterans Multi-Service Center Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Smith Foundation Downingtown, PA PURPOSE: ESSENTIALS FOR VETERANS IN FOUR COUNTY AREA | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Disabled Veterans National Foundation Lanham, MD | $4,002,703 | $34,751,168 |
Veterans Multi-Service Center Inc Philadelphia, PA | $4,990,474 | $14,923,218 |
Americas Vetdogs The Veterans K9 Corps Inc Smithtown, NY | $4,103,216 | $9,390,820 |
Vietnam Veterans Of America Inc Silver Spring, MD | $22,711,920 | $10,930,074 |
United Spinal Association Inc Kew Gardens, NY | $8,457,849 | $8,910,555 |
Veterans Leadership Program Of Western Pennsylvania Inc Pittsburgh, PA | $2,368,240 | $7,560,705 |
Naval Academy Sailing Foundation Inc Annapolis, MD | $38,236,455 | $2,114,798 |
Amvets Lanham, MD | $9,484,148 | $3,609,128 |
Veterans Outreach Center Inc Rochester, NY | $10,292,940 | $5,967,513 |
Air Force Sergeants Association Suitland, MD | $6,098,663 | $3,171,289 |
Veterans Research Foundation Pittsburgh, PA | $4,865,557 | $2,533,091 |
American Legion Wormleysburg, PA | $6,891,300 | $3,184,606 |