Veterans Place Inc
- Assets
- $962.3k
- Revenue
- $546.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Northfield, VT
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1458295
Organization Overview
Veterans Place Inc is located in Northfield, VT. The organization was established in 2008. 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 12/2021, Veterans Place Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Place 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 12/2021, Veterans Place Inc generated $546.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $521.6k during the year ending 12/2021. While expenses have increased by 0.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOMELESS VETERANS HOUSING, SERVICES, SUPPORT, AND SAFETY BY GIVING THEM A HAND UP AND A CHANCE OUT OF HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOMELESS VETERANS HOUSING, SERVICES, SUPPORT, AND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Boyce Prog/admin Mgr | Officer | 40 | $68,500 |
Kevin Pecor Treasurer | OfficerTrustee | 5 | $0 |
Gregory Knight Vice President | OfficerTrustee | 5 | $0 |
Michael D Krause PHD President | OfficerTrustee | 5 | $0 |
Diana Weggler Secretary | OfficerTrustee | 5 | $0 |
Stevie Balch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,598 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,937 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,535 |
| Total Program Service Revenue | $305,318 |
| Investment income | $7,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28 |
| Net Income from Fundraising Events | $1,085 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $545,952 |
| 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. | $68,500 |
| Compensation of current officers, directors, key employees. | $34,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,943 |
| Payroll taxes | $16,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,279 |
| Advertising and promotion | $539 |
| Office expenses | $6,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,565 |
| Travel | $432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,438 |
| Insurance | $15,227 |
| All other expenses | $10,854 |
| Total functional expenses | $521,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,203 |
| Savings and temporary cash investments | $24,893 |
| 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 | $790,351 |
| Investments—publicly traded securities | $143,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101 |
| Total assets | $962,330 |
| Accounts payable and accrued expenses | $0 |
| 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 | $14,844 |
| Total liabilities | $14,844 |
| Net assets without donor restrictions | $921,935 |
| Net assets with donor restrictions | $25,551 |
| 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 | $962,330 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Veterans Place Inc has recieved totaling $527.
| Awarding Organization | Amount |
|---|---|
Community Bank N A Foundation Of New England Inc Williston, VT PURPOSE: OPERATIONS | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Veterans For Social Justice Inc Brooklyn, NY | $26,444,662 | $57,468,816 |
Massachusetts Military Support Foundation Inc Buzzards Bay, MA | $507,512 | $41,377,532 |
Soldier On Inc Pittsfield, MA | $26,254,508 | $13,386,266 |
Americas Vetdogs The Veterans K9 Corps Inc Smithtown, NY | $4,103,216 | $9,390,820 |
United Spinal Association Inc Kew Gardens, NY | $8,457,849 | $8,910,555 |
Usa Veteran And Military Support Foundation Inc Buzzards Bay, MA | $1,068 | $7,423,561 |
Veterans North East Outreach Center Inc Haverhill, MA | $8,243,940 | $5,723,835 |
Veterans Outreach Center Inc Rochester, NY | $10,292,940 | $5,967,513 |
Common Defense Civic Engagement New York, NY | $599,694 | $2,910,495 |
American Legion Troy, NY | $13,558,229 | $3,222,198 |
United War Veterans Council Inc New York, NY | $437,790 | $1,827,572 |
Southeastern Massachusetts Veterans Housing Program Inc New Bedford, MA | $3,405,175 | $1,838,019 |