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Nonprofiteer
← SALEM Y VETERANS HOUSING

Form 990 for tax year 2024

Filed by SALEM Y VETERANS HOUSING.

Totals

Total revenue
$1,347,939
Total expenses
$607,636
Contributions and grants received
$1,133,285
Grants paid
$0
Program service revenue
$208,788
Investment income
$5,866
Other revenue
$0
Total assets, end of year
$8,131,394
Total liabilities, end of year
$42,413
Net assets or fund balances, end of year
$8,088,981
Program services expenses (Part IX)
$520,208
Management and general expenses
$75,985
Fundraising expenses
$11,443
Program service expenses (Part III)
$520,208

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $45,083

  • 1e · Government grants (contributions)

    $1,060,529

  • 1f · All other contributions, gifts and grants

    $27,673

  • 2a · Program service revenue: RENTAL INCOME

    total $206,345 · related or exempt $206,345

  • 2b · Program service revenue: OTHER INCOME

    total $2,443 · related or exempt $2,443

  • 3 · Investment income

    total $5,866 · excluded $5,866

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $88,905 · program services $66,678 · management and general $13,336 · fundraising $8,891

  • 7 · Other salaries and wages

    total $85,290 · program services $85,290

  • 9 · Other employee benefits

    total $7,259 · program services $6,333 · management and general $556 · fundraising $370

  • 10 · Payroll taxes

    total $15,721 · program services $13,715 · management and general $1,204 · fundraising $802

  • 11a · Fees: management

    total $97,751 · program services $89,578 · management and general $8,173

  • 11b · Fees: legal

    total $879 · management and general $879

  • 12 · Advertising and promotion

    total $617 · program services $617

  • 13 · Office expenses

    total $20,661 · program services $8,675 · management and general $11,986

  • 14 · Information technology

    total $80 · management and general $80

  • 16 · Occupancy

    total $38,239 · program services $33,250 · management and general $4,989

  • 19 · Conferences, conventions and meetings

    total $3,162 · management and general $2,978 · fundraising $184

  • 22 · Depreciation, depletion and amortization

    total $193,564 · program services $191,147 · management and general $1,221 · fundraising $1,196

  • 23 · Insurance

    total $16,395 · program services $16,395

  • 24a · Other expenses: LOAN FEES

    total $30,583 · management and general $30,583

  • 24b · Other expenses: LICENSES, PERMITS, AND

    total $8,530 · program services $8,530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $274,912 · end of year $498,774

  • 2 · Savings and temporary cash investments

    end of year $200,585

  • 10a · Land, buildings and equipment: cost or other basis

    $7,613,235

  • 10b · Land, buildings and equipment: accumulated depreciation

    $193,738

  • 10c · Land, buildings and equipment, net

    beginning of year $7,106,769 · end of year $7,419,497

  • 14 · Intangible assets

    beginning of year $1,221 · end of year $0

  • 15 · Other assets

    end of year $12,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,224 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $42,413

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,348,678 · end of year $8,088,981

Mission and programs · 2024

Mission

THROUGH A COMMITMENT TO DIGNITY, RESPECT, AND COMMUNITY, WE STRIVE TO CREATE A HAVEN WHERE VETERANS CAN THRIVE. OUR COMPREHENSIVE WRAP-AROUND SUPPORT SERVICES AIM TO ADDRESS THE UNIQUE NEEDS OF OUR HEROES, FOSTERING INDEPENDENCE, WELLNESS, AND A SENSE OF BELONGING.

Activities or mission (Part I)

PROVIDE HOUSING AND SERVICES FOR HOMELESS VETERANS.

  • BUILDING CONSTRUCTION WAS DELAYED DUE TO ONE ELECTRICAL COMPONENT UNTIL EARLY SPRING. APRIL 1 2024 WE OPENED OUR DOORS AND VETERANS BEGAN MOVING IN. IN AUGUST OF 2024 WE ACHIEVED FULL OCCUPANCY OF OUR 34-UNIT COMPLEX, SERVING LOW-INCOME VETERANS AND EXPANDING OUR REACH TO VETERANS ACROSS MARION AND POLK COUNTIES. OUR PEER SUPPORT SPECIALIST AND RESOURCE NAVIGATOR PROVIDED OVER 1,100 HOURS OF DIRECT PEER SUPPORT AND ASSISTANCE CONNECTING VETERANS TO VA BENEFITS, EMPLOYMENT, EDUCATION, AND HEALTHCARE RESOURCES. THROUGH OUR SHUTTLE PROGRAM, RESIDENTS COMPLETED MORE THAN 75 MEDICAL TRIPS AND 89 SHOPPING TRIPS. WE ORGANIZED 12 FINANCIAL EDUCATION CLASSES, FACILITATED 6 NEW JOB PLACEMENTS, AND DISTRIBUTED FOOD BOXES AND HOLIDAY MEALS IN PARTNERSHIP WITH MARION-POLK FOOD SHARE AND LOCAL CHURCH PANTRIES. IN ADDITION, COURTNEY PLACE HELD VETERAN OUTINGS WITH VFW POST 661 AND AMERICAN LEGION PARTNERS TO FOSTER CAMARADERIE AND BELONGING. THROUGH OUR PARTNERSHIP WITH THE FAMILY YMCA OF MARION & POLK COUNTIES, RESIDENTS RECEIVED FREE YMCA MEMBERSHIPS AND ACCESS TO EVIDENCE-BASED HEALTH PROGRAMS SUCH AS LIVESTRONG, PEDALING FOR PARKINSON'S, AND THE DIABETES PREVENTION PROGRAM. THESE EFFORTS COLLECTIVELY ADVANCED OUR MISSION OF SUPPORTING VETERANS' HOUSING STABILITY, WELL-BEING, AND INDEPENDENCE WHILE BUILDING A STRONGER, HEALTHIER VETERAN COMMUNITY.

    Expenses $520,208 · Revenue $208,788

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Moore

    BOARD MEMBER (UNTIL FEB 2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rosa Macias

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sara Webb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Sparkman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Van Meter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Odegaard

    SECRETARY (UNTIL MAY 2024)

    Total calculated
    $0
    Hours/week
    1

  • Aj Klausen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Irvin M Brown

    BOARD DIRECTOR (BEG NOV 2024)

    Total calculated
    $0
    Hours/week
    1

  • Brandon Ditto

    BOARD MEMBER (BEG JUL 2024)

    Total calculated
    $0
    Hours/week
    1

  • Matthew Decker

    BOARD MEMBER (BEG JUL 2024)

    Total calculated
    $0
    Hours/week
    1

  • Trevor Aaron

    BOARD MEMBER (BEG NOV 2024)

    Total calculated
    $0
    Hours/week
    1

  • Andrew Holbert

    EXECUTIVE DIRECTOR

    Total calculated
    $88,905
    From this org
    $0
    From related orgs
    $80,455
    Other
    $8,450
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE Y VETERANS AFFORDABLE HOUSING PROJECT LLC

    CONSTRUCTION OF AFFORDABLE HOUSING PROJECT FOR SALEM Y VETERANS HOUSING · OR · income $790,529 · assets $7,815,231

    Directly controlled by SALEM Y VETERANS HOUSING

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513219349317286

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