Veterans Independent Living Of Alburquerque Vila
- Assets
- $5.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 55-0890325
Organization Overview
Veterans Independent Living Of Alburquerque Vila is located in Albuquerque, NM. The organization was established in 2008. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 Independent Living Of Alburquerque Vila 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 Independent Living Of Alburquerque Vila generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 11.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO MENTALLY DISABLED INDIVIDUALS PARTICULARLY VERTERANS. THE HOUSING INCLUDES HOUSEKEEPING, MEALS, AND ASSISTANCE WITH
Describe the Organization's Program Activity:
PROVIDE AFFORDABLE HOUSING TO AN AVERAGE OF 75 RESIDENTS AT ANY GIVEN TIME. THE ORGANIZATION SERVICES DISCHARGED VETERANS FROM THE VA HOSPITAL AS WELL AS THEIR FAMILY MEMBERS. THE VETERANS SYMPTOMS INCLUDE BUT ARE NOT LIMITED TO MENTAL ILLNESS, FORMALLY HOMELESS, SCHIZOPHRENIA AND PTSD. ROOM AND BOARD AND JANATORIAL SERVICES, AS WELL AS HYGIENE MATERIALS, ARE PROVIDED. AN ON-CALL NURSE IS AVAILABLE 24 HOURS AND ENSURES COMPLIANCE WITH RESIDENTS' PRESCRIPTIONS AND THAT THE PRESCRIBED MEDICATIONS ARE TAKEN APPROPRIATELY. A WASHER AN DRYER IS AVAILABLE IN EACH APARTMENT. DRIVERS ARE AVAILABLE FOR DOCTOR APPOINTMENTS AT THE VA HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Gille President | OfficerTrustee | 1 | $0 |
Jeffrey Mohns Vice President | OfficerTrustee | 1 | $0 |
Faye Janzad Executive Director | Officer | 40 | $0 |
John Caldwell Director | Trustee | 1 | $0 |
Col Mike Labelle Ret Director | Trustee | 1 | $0 |
Anthony Eglin Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,494,043 |
| 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 | $1,494,043 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,262 |
| Fees for services: Accounting | -$2,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $519,797 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $309,837 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $103,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180,000 |
| Insurance | $0 |
| All other expenses | $159,492 |
| Total functional expenses | $1,303,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,779 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,998 |
| 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 | $23,488 |
| Net Land, buildings, and equipment | $4,974,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,048,403 |
| Accounts payable and accrued expenses | $220,354 |
| 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 | $3,526,594 |
| Secured mortgages and notes payable | $2,214,394 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,961,342 |
| Net assets without donor restrictions | -$912,939 |
| 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 | $5,048,403 |
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