Adopt A Vet Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810935163 ✦ Acton, ME ✦ Designated as a 501(c)(3)

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Overview

What is Adopt A Vet Inc?

Adopt A Vet Inc is a nonprofit organization situated in Acton, Maine. Their primary mission is to provide affordable and transitional housing for veterans and individuals in need, who may be at risk of homelessness or displaced due to urban renewal. This organization offers a safe and decent living space for low-income veterans, as well as essential resources for basic life skills training. Adopt A Vet Inc's work extends beyond just housing, aiming to empower its residents with the necessary tools to overcome their challenges and regain stability in their lives.


Official website here: www.vetraplex.org

Is Adopt A Vet Inc legitimate?

Adopt A Vet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adopt A Vet 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: $0

For more financial information, click here


Official website here: www.vetraplex.org

What is the mission statement of Adopt A Vet Inc?

Adopt A Vet Inc's mission is centered around providing affordable and transitional housing for low-income veterans and individuals in need, who may be at risk of homelessness due to a lack of adequate housing options. The organization aims to offer decent, safe, and sanitary living spaces for these individuals, who are either currently homeless or are in danger of becoming so. Additionally, Adopt A Vet Inc provides essential resources for basic life skills training and education, as well as assistance in finding employment opportunities for those in need.


Official website here: www.vetraplex.org

Who is the CEO of Adopt A Vet Inc?

Gary Rideout is the President of Adopt A Vet Inc.


Official website here: www.vetraplex.org

What is the revenue of Adopt A Vet Inc?

Adopt A Vet Inc's revenue in 2021 was -$59,499.


Official website here: www.vetraplex.org

Who are the executives of Adopt A Vet Inc and what are their salaries?


Here are 4 key members and their salaries:


Andrew Goodwin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Reinert (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Rideout (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenise Rideout (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vetraplex.org

Where can I find the form 990 for Adopt A Vet Inc?

Adopt A Vet Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.vetraplex.org

Learn more at the official website: www.vetraplex.org

Mission Statement of Adopt A Vet Inc

Adopt A Vet Inc, a nonprofit organization, is committed to providing a solution for homeless veterans or those at risk of becoming homeless. Their mission is threefold. Firstly, they aim to offer affordable and transitional housing for low-income veterans and individuals in need, who lack suitable housing options. Secondly, they strive to provide decent, safe, and sanitary living spaces for those who are currently homeless, or are in imminent danger of becoming homeless, or have been displaced due to urban renewal. Lastly, Adopt A Vet Inc provides training and educational resources for essential life skills, as well as placement opportunities for veterans and individuals in need. Their ultimate goal is to help these individuals regain their footing and rebuild their lives.

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Impact




October, 2024

Adopt A Vet Inc significantly impacts the lives of homeless veterans and those at risk of homelessness by providing transitional and affordable housing. Located in Acton, ME, the organization addresses a critical need for safe and sanitary living conditions for low-income veterans who often struggle to find adequate housing.

By offering transitional housing, Adopt A Vet Inc creates a supportive environment where veterans can regain stability in their lives. In addition to housing, the organization provides essential training and educational resources that equip individuals with basic life skills necessary for independence and self-sufficiency.

This comprehensive approach not only alleviates immediate housing concerns but also empowers veterans to secure their future through education and job placement assistance. The organization’s mission ensures that vulnerable veterans have access to the resources they need, ultimately contributing to their reintegration into society and helping to break the cycle of homelessness.




This information is meant to be a general summary of Adopt A Vet 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.

Revenue
-$59,499 (2021)
Expenses
$49,994 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: -$93,052
  • Program Service Revenue: $17,117
  • Gross Receipts: $453,553

Assets and Liabilities:

  • Total Assets: $223,111
  • Total Liabilities: $136,948
  • Net Assets: $86,163

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HOUSING FOR VETERANS

Revenue

$17,117

Organization Details

Founding Year

2016

Principal Officer

Gary Rideout

Main Address

297 7TH STREET, ACTON, ME, 04001

NTEE Category

Code: L41 - Housing

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