Volunteers Of America Inc
- Assets
- $4.9m
- Revenue
- $840.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Jamaica Plain, MA
- Founding
- 05/1965
- Data as of
- 06/2023
- EIN
- 45-4915532
Organization Overview
Volunteers Of America Inc is located in Jamaica Plain, MA. The organization was established in 1965. 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 06/2023, Volunteers Of America Inc employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Volunteers Of America 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 06/2023, Volunteers Of America Inc generated $840.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $798.5k during the year ending 06/2023. While expenses have increased by 0.9% per year over the past 5 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
TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO THE VETERANS OF THE UNITED STATES MILITARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOA SOMERVILLE PROVIDED HOUSING TO 22 HOMELESS VETERANS AS THEY WORK TOWARD SELF-SUFFICIENCY THROUGH EDUCATION, EMPLOYMENT AND SUPPORTIVE CASE SERVICES AND PROVIDED PERMANENT HOUSING TO 7 HOMELESS VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Gagnon President | OfficerTrustee | 5 | $0 |
Gayle Lacroix CFO | OfficerTrustee | 5 | $0 |
Phil Chadwick Board Chair | OfficerTrustee | 5 | $0 |
F George Davitt Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $664,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,754 |
| Total Program Service Revenue | $175,139 |
| Investment income | $334 |
| 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 | $840,227 |
| 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 | $327,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,129 |
| Payroll taxes | $47,328 |
| Fees for services: Management | $52,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20 |
| Advertising and promotion | $0 |
| Office expenses | $13,287 |
| Information technology | $7,108 |
| Royalties | $0 |
| Occupancy | $171,486 |
| Travel | $774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $562 |
| Interest | $4,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,385 |
| Insurance | $1,534 |
| All other expenses | $5,962 |
| Total functional expenses | $798,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,102 |
| Savings and temporary cash investments | $97,323 |
| Pledges and grants receivable | $19,945 |
| 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 | $3,128 |
| Net Land, buildings, and equipment | $4,463,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,945,127 |
| Accounts payable and accrued expenses | $351,271 |
| 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 | $646,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $997,975 |
| Net assets without donor restrictions | $3,947,152 |
| 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 | $4,945,127 |