Veterans Transition Center Of California
- Assets
- $10.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Marina, CA
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 77-0431413
Organization Overview
Veterans Transition Center Of California is located in Marina, CA. The organization was established in 1997. 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 06/2022, Veterans Transition Center Of California employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Transition Center Of California 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 06/2022, Veterans Transition Center Of California generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 15.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER VETERANS TO MOVE FROM CRISIS TO SELF-SUFFICIENCY,AND PROVIDE AFFORDABLE HOUSING FOR THE LOW AND VERY LOW INCOME MEMBERS OF THE COMMUNITY WITH PRIORITY FOR VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND SERVICES FOR HOMELESS AND AT-RISK VETERANS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Schake Executive Dir | 40 | $148,404 | |
Michael Stull | 40 | $72,425 | |
Dr Thomas H Griffin Chairman | OfficerTrustee | 20 | $0 |
Mike Mitchell Vice Chair | OfficerTrustee | 1 | $0 |
Quentin Bennett Secretary | OfficerTrustee | 1 | $0 |
Ralph Sirtak Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Mattox Group Temporary Staffing Servic | 6/29/21 | $79,447 |
The Mattox Group Cfo/controller/hr Support | 6/29/21 | $136,968 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,452 |
| Related organizations | $0 |
| Government grants | $2,478,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,889,732 |
| Total Program Service Revenue | $140,865 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,049,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $128,691 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $220,829 |
| Compensation of current officers, directors, key employees. | $28,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,397,860 |
| Pension plan accruals and contributions | $53,763 |
| Other employee benefits | $173,389 |
| Payroll taxes | $147,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,991 |
| Fees for services: Accounting | $101,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,936 |
| Advertising and promotion | $29,813 |
| Office expenses | $64,222 |
| Information technology | $165,792 |
| Royalties | $0 |
| Occupancy | $386,581 |
| Travel | $36,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,182 |
| Interest | $6,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,209 |
| Insurance | $77,544 |
| All other expenses | $65,098 |
| Total functional expenses | $3,976,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6,827 |
| Savings and temporary cash investments | $762 |
| Pledges and grants receivable | $710,853 |
| Accounts receivable, net | $334,524 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,368 |
| Inventories for sale or use | $344 |
| Prepaid expenses and deferred charges | $121,361 |
| Net Land, buildings, and equipment | $8,583,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,928 |
| Total assets | $9,963,008 |
| Accounts payable and accrued expenses | $447,379 |
| Grants payable | $0 |
| Deferred revenue | $1,039,329 |
| 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 | $669,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $148,212 |
| Total liabilities | $2,304,123 |
| Net assets without donor restrictions | $7,625,514 |
| Net assets with donor restrictions | $33,371 |
| 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 | $9,963,008 |