Veteran Empowerment Neighborhoods
- Assets
- $632.8k
- Revenue
- $160.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Ann Arbor, MI
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-2452362
Organization Overview
Veteran Empowerment Neighborhoods is located in Ann Arbor, MI. The organization was established in 2012. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Veteran Empowerment Neighborhoods employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veteran Empowerment Neighborhoods 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, Veteran Empowerment Neighborhoods generated $160.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $92.0k during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VEN WAS CREATED TO IMPROVE THE QUALITY OF LIFE FOR VETERAN FAMILIES WITH RESTRICTED INCOMES THAT WOULD OTHERWISE BE FORGOTTEN ABOUT AND OR LEFT OUT. OUR TARGET POPULATION IS VETERAN FOCUS, AND THE IMMEDIATE FAMILY MEMBERS OF ACTIVE DUTY MILITARY SERVICE MEN AND WOMEN. OUR MISSION IS TO HELP BUILD STRONGER, HEALTHIER, VIBRANT COMMUNITIES IN OUR SERVICE AREA. WE FIRMLY BELIEVE THAT DECENT HOUSING IS A PRECONDITION OF INDIVIDUAL, FAMILY AND COMMUNITY WELLBEING WE BELIEVE THAT IT IS OUR SOCIAL RESPONSIBILITY TO EFFICIENTLY AND EFFECTIVELY ASSIST THOSE INDIVIDUALS WHO SEVERED OUR COUNTRY AND HELP ALL FAMILIES TO LIVE IN DIGNITY IN A HEALTHY, SAFE AND DECENT ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. THE FOLLOWING PROPERTIES ARE BEING RENOVATED TO BE SOLD TO A VETERAN FAMILY AT A GREATLY REDUCED PRICE: 19013 VAUGHN STREET IN DETROIT MICHIGAN. 2. PROVIDED TOYS AND GIFT BOXES TO SEVERAL CHILDREN OF VETERAN FAMILIES FOR CHRISTMAS. 3. WROTE HOME IMPROVEMENT GRANTS AND COMPLETED HOME RENOVATIONS FOR SENIORS AND VETERANS AS FOLLOWS: COMPLETED 60 HOME IMPROVEMENT GRANTS FOR LOW INCOME FAMILIES. 4. PROVIDED ASSISTANCE IN HANDING OUT FOOD TO HUNDREDS OF PEOPLE.
WROTE HOME IMPROVEMENT GRANTS AND COMPLETED HOME RENOVATIONS FOR SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Dobson Executive Di | Trustee | 25 | $15,430 |
Casirmiro Crockett President | OfficerTrustee | 1 | $0 |
Roy Foster Board Member | Trustee | 1 | $0 |
Jason Johnson Secretary | OfficerTrustee | 1 | $0 |
Michael Ross Member | Trustee | 1 | $0 |
Mark Scheinder Treasurer | 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 | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $135,394 |
| 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 | $160,394 |
| 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. | $15,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,752 |
| Advertising and promotion | $0 |
| Office expenses | $1,774 |
| Information technology | $420 |
| Royalties | $0 |
| Occupancy | $24,564 |
| Travel | $518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56 |
| Interest | $26,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,177 |
| Insurance | $350 |
| All other expenses | $0 |
| Total functional expenses | $91,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,139 |
| 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 | $145,177 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $469,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,413 |
| Other assets | $0 |
| Total assets | $632,825 |
| Accounts payable and accrued expenses | $49,500 |
| 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 | $302,095 |
| Total liabilities | $351,595 |
| Net assets without donor restrictions | $281,230 |
| 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 | $632,825 |