Overview
What is Vets Returning Home Inc?
Vets Returning Home Inc, located in Roseville, Michigan, is a dedicated nonprofit organization with a mission to support homeless veterans. They offer a range of services, primarily focusing on providing transitional housing and necessary assistance to those in need. The organization operates with a small team of 10 employees and plays a crucial role in aiding veterans through referrals and other resources, ultimately aiming to help these individuals return to a stable living situation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning a Two-Star out of Four Star rating.
Vets Returning Home Inc has been evaluated with a score reflecting moderate performance in accountability and finance. The organization boasts a strong governance structure, with a high percentage of independent board members and effective oversight of financial statements. Additionally, they have demonstrated transparency by documenting board meeting minutes and showing no material diversion of assets.
Despite these strengths, the nonprofit faces challenges, particularly with its liabilities to assets ratio, which is relatively high at 66.65%. While its program expense ratio is commendable at 85.36%, indicating that a significant portion of its funds is allocated to direct program services, the overall Two-Star rating suggests that there is room for improvement in financial health and operational efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Vets Returning Home Inc legitimate?
Vets Returning Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vets Returning Home Inc 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: $56,066
For more financial information, click here
What is the mission statement of Vets Returning Home Inc?
Vets Returning Home Inc is committed to providing necessary services to veterans, primarily through referrals and assistance, as well as offering transitional housing for those in need. Their mission is to aid homeless veterans in transitioning back into society. The organization focuses on offering a range of services to support these veterans, ensuring they have the resources and assistance needed to rebuild their lives.
Who is the CEO of Vets Returning Home Inc?
Sandra K Bower is the Trustee of Vets Returning Home Inc.
What is the revenue of Vets Returning Home Inc?
Vets Returning Home Inc's revenue in 2022 was $768,660.
Who are the executives of Vets Returning Home Inc and what are their salaries?
The average compensation at Vets Returning Home Inc during 2022 was $5,607. There are 10 employees at Vets Returning Home Inc.
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Where can I find the form 990 for Vets Returning Home Inc?
Vets Returning Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vets Returning Home Inc
Vets Returning Home Inc, a nonprofit organization, is dedicated to serving veterans in need. Their primary mission is to provide veterans with essential services in the form of referrals and various forms of assistance, while simultaneously offering transitional housing. This organization aims to assist veterans in overcoming homelessness and facilitating their transition into stable living situations.
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Impact
July, 2024
Vets Returning Home Inc provides critical transitional services and housing to homeless veterans, making a significant impact in their lives. By offering referrals and various forms of assistance, this organization helps veterans in need to rebuild their lives and reintegrate into society. Their work directly addresses the challenging issue of veteran homelessness and contributes to improving the well-being of those who have served our country. Through their mission-focused approach, Vets Returning Home Inc plays a vital role in supporting and empowering veterans to overcome obstacles and achieve stability.
This information is meant to be a general summary of Vets Returning Home Inc. 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 2022.
- Gross Receipts: $768,660
Assets and Liabilities:
- Total Assets: $419,438
- Total Liabilities: $10,758
- Net Assets: $408,680
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Organization Details
Founding Year
2013
Phone
(586) 285-5606Principal Officer
Sandra K Bower
Main Address
PO BOX 338, ROSEVILLE, MI, 48066
NTEE Category
Code: T23 - Philanthropy
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