Veterans Drop-In Center
- Assets
- $179.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 27-1081345
Organization Overview
Veterans Drop-In Center is located in Rockford, IL. The organization was established in 2010. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, 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. Veterans Drop-In Center 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, Veterans Drop-In Center generated $139.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $148.2k during the year ending 12/2023. While expenses have increased by 18.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE VETERANS DROP-IN CENTER PROVIDES FREE LUNCH AND DINNER 5 DAYS PER WEEK TO ANY PERSON WHO CAN PROVE THEIR VETERAN STATUS THE DROP-IN CENTER SERVES 25-30 VETERANS PER DAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Willard Exec Dir Thr | 35 | $12,500 | |
Sean West Exec Dir Fro | 35 | $42,450 | |
Lana Mccants Deputy Direc | 35 | $43,440 | |
Janine Idstein President | 10 | $0 | |
Bob Farrell Vice Pres/tr | 10 | $0 | |
Bill Howard Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,899 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,891 |
| Gain or Loss | -$110 |
| Net Income from Gaming & Fundraising | $49,918 |
| Other Revenue | $0 |
| Total Revenue | $139,598 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $105,971 |
| Professional fees and other payments to independent contractors | $3,040 |
| Occupancy, rent, utilities, and maintenance | $13,808 |
| Printing, publications, postage, and shipping | $904 |
| Other expenses | $24,462 |
| Total expenses | $148,185 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $142,362 |
| Other assets | $0 |
| Total assets | $179,535 |
| Total liabilities | $889 |
| Net assets or fund balances | $178,646 |