Overview
What is Veritas Impact Partners?
Veritas Impact Partners is a nonprofit organization situated in Austin, Texas, with a focus on improving health and wellness, job opportunities, and education for individuals, families, and communities. They deliver better health outcomes through onsite activities and local program referrals, enhance employable skills for working-age individuals to boost household revenues, and strengthen learning abilities for families with children. Their mission is to provide social services and resident programs to low to moderate-income families, fostering upward mobility across the United States. With a commitment to serving low-income and moderate-income communities, Veritas Impact Partners operates in multifamily residential developments, offering supportive services to improve lives.
Official website here: www.veritasimpactpartner.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 73%
Veritas Impact Partners has received a two-star rating from Charity Navigator, indicating that there are areas for improvement, particularly in accountability and financial transparency. The organization demonstrates strong governance with 100% of its board members being independent, which is a positive indicator of its commitment to ethical practices. The program expense ratio of 79.41% suggests that a significant portion of expenditures is directed toward its programs, reflecting a focus on its mission.
However, the organization has notable weaknesses, particularly in its financial reporting. It lacks the necessary financial statements and has not posted its tax forms on its website, which raises concerns about transparency. The absence of a whistleblower policy and a document retention policy further highlights gaps in its governance practices. These limitations could affect stakeholder trust and may necessitate improvements to enhance overall accountability.
Overall, while Veritas Impact Partners shows strengths in its board independence and program spending, addressing its financial documentation and transparency issues will be crucial for improving its rating and gaining greater public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Veritas Impact Partners legitimate?
Veritas Impact Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veritas Impact Partners 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: $148,111
Professional Fundraising Fees: $0
Other Salaries and Wages: $360,750
For more financial information, click here
Official website here: www.veritasimpactpartner.org
What is the mission statement of Veritas Impact Partners?
Veritas Impact Partners, an organization dedicated to social services, was established with the goal of providing supportive services and promoting upward mobility. Their mission is to improve health and wellness outcomes for individuals and families of low to moderate income across the United States. This mission is accomplished by promoting social services and resident programs in multifamily residential developments located in low-income and moderate-income communities. Veritas Impact Partners strives to enhance the living conditions and opportunities for these families, aiming to support their overall betterment.
Official website here: www.veritasimpactpartner.org
Who is the CEO of Veritas Impact Partners?
Antonio Marquez is the Co-Chair of Veritas Impact Partners. The CEO's salary of Veritas Impact Partners is $148,111 and their total compensation is $148,111.
Official website here: www.veritasimpactpartner.org
What is the revenue of Veritas Impact Partners?
Veritas Impact Partners's revenue in 2022 was $1,158,706.
Official website here: www.veritasimpactpartner.org
Who are the executives of Veritas Impact Partners and what are their salaries?
The average compensation at Veritas Impact Partners during 2022 was $56,540. There are 9 employees and 100 volunteers at Veritas Impact Partners.
Here are 10 key members and their salaries (Veritas Impact Partners's CEO's salary is $148,111 and their total compensation is $148,111):
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- Compensation: $148,111
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Official website here: www.veritasimpactpartner.org
Where can I find the form 990 for Veritas Impact Partners?
Veritas Impact Partners's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.veritasimpactpartner.org
Learn more at the official website: www.veritasimpactpartner.org
Mission Statement of Veritas Impact Partners
Veritas Impact Partners, a nonprofit organization, was established with the purpose of providing supportive services and fostering upward mobility. Their mission is centered around delivering better health and wellness outcomes for individuals and families belonging to low-income and moderate-income communities across the United States. They achieve this by implementing social services and resident programs within multifamily residential developments situated in low-income and moderate-income neighborhoods. By doing so, Veritas Impact Partners aims to create opportunities that empower these families, contributing to their overall improvement and growth.
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Impact
July, 2024
Veritas Impact Partners provides social services and resident programs to low to moderate-income families, with a focus on delivering better health and wellness outcomes, improving employable and marketable skills, and enhancing learning abilities for families with children. Based in Austin, TX, Veritas Impact Partners carries out its mission by fostering social services and resident programs in multifamily residential developments located in low-income and moderate-income communities, offering opportunities for upward mobility and support to families in need. Their impact includes empowering individuals and families to improve their quality of life and achieve greater economic stability.
This information is meant to be a general summary of Veritas Impact Partners. 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: $1,158,706
Assets and Liabilities:
- Total Assets: $357,147
- Total Liabilities: $5,736
- Net Assets: $351,411
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Organization Details
Founding Year
2018
Phone
(619) 520-8347Principal Officer
Antonio Marquez
Main Address
809 N CUERNAVACA DR, AUSTIN, TX, 78733
Website
www.veritasimpactpartner.orgNTEE Category
Code: L99 - Housing
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