Overview
What is Patriot Services Group Inc Fka Invest In America's Veterans Foundat?
Patriot Services Group Inc, formerly known as Invest in America's Veterans Foundation, is a nonprofit organization dedicated to providing safe, clean, and affordable housing for low- to very-low-income individuals and families, with a special focus on assisting homeless veterans across the nation. Their initiatives include the Patriot Housing Initiative, which manages multiple-family properties in various locations like New Orleans, Las Vegas, Chicago, and West Virginia. In addition, the Patriot Transportation Initiative offers free transportation services to VA/SSVF homeless program staff and their clients. The Patriot Supportive Services Initiative provides resources such as food bank support, deposit/rent/utility relief, and veteran-focused events to low-income individuals and families, as well as homeless veterans and their families. Overall, Patriot Services Group aims to make a positive impact on the lives of those in need.
Official website here: www.patriotservices.org
What are the reviews and ratings of this charity?
85% rating, Three-Star out of Four Star rating on Charity Navigator indicates that Patriot Services Group Inc, formerly known as Invest In America's Veterans Foundation, is performing well in terms of accountability and finance. The score reflects strong governance practices, including a fully independent board and adherence to policies such as conflict of interest and whistleblower protections.
The organization has demonstrated a solid commitment to financial transparency, as evidenced by its comprehensive audit and oversight procedures. Additionally, a high program expense ratio of 88.60% suggests that a significant portion of its resources is directed towards its mission, which focuses on supporting veterans.
However, the organization has a notable concern regarding its liabilities to assets ratio, which stands at 108.48%. This indicates that liabilities exceed assets, suggesting potential financial challenges that may need to be addressed in future fiscal years. Overall, while the organization showcases strengths in governance and program efficiency, the financial health aspect may require closer scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Patriot Services Group Inc Fka Invest In America's Veterans Foundat legitimate?
Patriot Services Group Inc Fka Invest In America's Veterans Foundat is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patriot Services Group Inc Fka Invest In America's Veterans Foundat submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,125,869
For more financial information, click here
Official website here: www.patriotservices.org
What is the mission statement of Patriot Services Group Inc Fka Invest In America's Veterans Foundat?
The Patriot Services Group Inc, formerly known as Invest in America's Veterans Foundation, strives to provide safe, clean, and affordable housing for low- to very-low-income individuals and families. Their mission extends beyond housing, offering special programs and services to assist homeless veterans across the nation. Through their initiatives, they continue to expand their multifamily portfolio, providing homes for thousands of people in various communities. The Patriot Transportation Initiative offers free transportation to VA/SSVF homeless program staff and their clients, regardless of tenancy with Patriot Services Group. The Patriotic Supportive Services Initiative provides free resources to low-income individuals and families, as well as homeless veterans and their families, including food bank support, financial assistance, veteran-focused events, and emergency relief.
Official website here: www.patriotservices.org
Who is the CEO of Patriot Services Group Inc Fka Invest In America's Veterans Foundat?
Shane Cormier is the Principal Officer of Patriot Services Group Inc Fka Invest In America's Veterans Foundat.
Official website here: www.patriotservices.org
What is the revenue of Patriot Services Group Inc Fka Invest In America's Veterans Foundat?
Patriot Services Group Inc Fka Invest In America's Veterans Foundat's revenue in 2021 was $19,669,140.
Official website here: www.patriotservices.org
Who are the executives of Patriot Services Group Inc Fka Invest In America's Veterans Foundat and what are their salaries?
The average compensation at Patriot Services Group Inc Fka Invest In America's Veterans Foundat during 2021 was $708,623. There are 3 employees and 10 volunteers at Patriot Services Group Inc Fka Invest In America's Veterans Foundat.
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Official website here: www.patriotservices.org
Where can I find the form 990 for Patriot Services Group Inc Fka Invest In America's Veterans Foundat?
Patriot Services Group Inc Fka Invest In America's Veterans Foundat's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.patriotservices.org
Learn more at the official website: www.patriotservices.org
Mission Statement of Patriot Services Group Inc Fka Invest In America's Veterans Foundat
Patriot Services Group Inc, formerly known as Invest In America's Veterans Foundation, is a dedicated organization with a mission to provide safe, clean, and affordable housing for low- to very-low-income individuals and families, with a special focus on assisting homeless veterans across the nation.
The nonprofit organization's primary initiative, the Patriot Housing Initiative, continues to make a significant impact by offering affordable housing solutions to those in need. Patriot Services Group Inc manages a vast multifamily portfolio consisting of several properties scattered throughout various regions, including New Orleans, Las Vegas, Chicago, and West Virginia. These housing units not only provide shelter but also offer a sense of stability and security to their residents.
Additionally, the organization extends its support beyond housing through the Patriot Transportation Initiative, which provides free, independent transportation to VA/SSVF homeless program staff and their veteran clients, regardless of tenancy with Patriot Services Group Inc. This invaluable service allows veterans to access essential resources, medical appointments, and job opportunities with greater ease and independence.
Moreover, through the Patriot Supportive Services Initiative, the organization offers a range of free resources to low-income individuals and families, as well as homeless veterans and their families. These services include food bank support, deposit/rent/utility relief, veteran-focused events, hurricane relief and emergency support, and other life-sustaining and promoting services. The organization's commitment to supporting veterans and their families goes beyond the provision of housing, addressing the various needs and challenges they face in their daily lives.
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Impact
August, 2024
Patriot Services Group Inc, formerly known as Invest In America's Veterans Foundation, has had a significant impact on providing safe, clean, and affordable housing to low- to very-low-income individuals and families. The organization's Patriot Housing Initiative has focused on assisting homeless veterans and their families by offering affordable housing solutions. With a diverse multi-family portfolio spread across various locations such as New Orleans, Las Vegas, Illinois, West Virginia, Mississippi, and Florida, Patriot Services Group has been able to provide housing options to a large number of individuals in need.
In addition to housing initiatives, the organization's Patriot Transportation Initiative has provided free, independent transportation services to VA/SSVF homeless program staff and their veteran clients in multiple communities. This transportation support has helped improve access to essential services and resources for homeless veterans in areas like Jacksonville, Charleston, Las Vegas, and Illinois.
Furthermore, through its Patriot Supportive Services Initiative, Patriot Services Group has been offering a range of free resources to low-income individuals, families, and homeless veterans. These services include food bank support, financial assistance for deposits, rent, and utilities, veteran-focused events, emergency support during crises like hurricanes, and other life-sustaining services. By providing these essential resources, Patriot Services Group has positively impacted the lives of many individuals and families in need across the nation.
This information is meant to be a general summary of Patriot Services Group Inc Fka Invest In America's Veterans Foundat. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $17,778,860
- Gross Receipts: $19,669,140
Assets and Liabilities:
- Total Assets: $251,560,503
- Total Liabilities: $263,419,103
- Net Assets: -$11,858,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$17,778,860
Organization Details
Founding Year
2010
Phone
(904) 686-2681Principal Officer
Shane Cormier
Main Address
10151 DEERWOOD PARK BLVD 200 250, JACKSONVILLE, FL, 32256
Website
www.patriotservices.orgNTEE Category
Code: W30 - Public benefit
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