Skip to content
Nonprofiteer
← VETERANS INC

Form 990 for tax year 2022

Filed by VETERANS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 19 August 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$21,066,173 changed to $21,066,172
Grants paid
$1,296,449 changed to $1,641,075
Total assets, end of year
$27,011,039 changed to $27,011,040
Net assets or fund balances, end of year
$19,916,635 changed to $19,916,636
Program services expenses
$20,349,782 changed to $20,350,130
Management and general expenses
$575,129 changed to $574,780
Program service expenses (Part III)
$20,349,782 changed to $20,350,130

Totals

Total revenue
$23,466,512
Total expenses
$21,066,173
Contributions and grants received
$15,940,624
Grants paid
$1,296,449
Program service revenue
$7,108,688
Investment income
$137,075
Other revenue
$280,125
Total assets, end of year
$27,011,039
Total liabilities, end of year
$7,094,404
Net assets or fund balances, end of year
$19,916,635
Program services expenses (Part IX)
$20,349,782
Management and general expenses
$575,129
Fundraising expenses
$141,262
Program service expenses (Part III)
$20,349,782

Program services were 96.6% 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.

  • 1c · Fundraising events

    $69,783

  • 1e · Government grants (contributions)

    $14,291,163

  • 1f · All other contributions, gifts and grants

    $1,579,678

  • 1g · Noncash contributions included above

    $400,700

  • 2a · Program service revenue: INPATIENT CLINIC

    total $7,026,603 · related or exempt $7,026,603

  • 2b · Program service revenue: CLIENT SERVICES

    total $82,085 · related or exempt $82,085

  • 3 · Investment income

    total $137,075 · excluded $137,075

  • 8a · Fundraising events: gross income

    $138,202

  • 8a · Fundraising events: contributions included on line 1c

    $69,783

  • 8b · Fundraising events: direct expenses

    $138,202

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER REVENUES

    total $280,125 · related or exempt $280,125

  • 11e · Other revenue, total

    $280,125

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,296,449 · program services $1,296,449

  • 5 · Compensation of officers, directors and key employees

    total $831,976 · program services $748,778 · management and general $83,198

  • 7 · Other salaries and wages

    total $9,391,492 · program services $9,164,578 · management and general $165,556 · fundraising $61,358

  • 9 · Other employee benefits

    total $1,237,152 · program services $1,208,348 · management and general $21,134 · fundraising $7,670

  • 10 · Payroll taxes

    total $912,591 · program services $890,669 · management and general $14,866 · fundraising $7,056

  • 11b · Fees: legal

    total $169,400 · program services $161,971 · management and general $7,429

  • 11c · Fees: accounting

    total $107,211 · management and general $107,211

  • 11d · Fees: lobbying

    total $21,000 · program services $21,000

  • 11g · Fees: other

    total $1,177,449 · program services $1,174,120 · fundraising $3,329

  • 12 · Advertising and promotion

    total $30,448 · program services $29,964 · management and general $484

  • 13 · Office expenses

    total $255,866 · program services $211,163 · management and general $42,910 · fundraising $1,793

  • 14 · Information technology

    total $318,116 · program services $259,701 · management and general $50,948 · fundraising $7,467

  • 16 · Occupancy

    total $1,844,367 · program services $1,836,948 · management and general $7,419

  • 17 · Travel

    total $349,751 · program services $335,605 · management and general $2,379 · fundraising $11,767

  • 19 · Conferences, conventions and meetings

    total $7,581 · program services $7,581

  • 22 · Depreciation, depletion and amortization

    total $472,230 · program services $444,046 · management and general $28,184

  • 23 · Insurance

    total $22,230 · program services $16,282 · management and general $5,948

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $1,260,156 · program services $1,242,031 · management and general $7,907 · fundraising $10,218

  • 24b · Other expenses: FOOD SERVICES

    total $813,114 · program services $792,897 · management and general $18,573 · fundraising $1,644

  • 24c · Other expenses: OTHER

    total $336,787 · program services $297,192 · management and general $10,635 · fundraising $28,960

  • 24d · Other expenses: SUPPORT EXPENSES

    total $210,807 · program services $210,459 · management and general $348 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,132,676 · end of year $11,877,052

  • 2 · Savings and temporary cash investments

    beginning of year $109,726 · end of year $110,997

  • 4 · Accounts receivable

    beginning of year $1,871,811 · end of year $2,307,548

  • 8 · Inventories for sale or use

    beginning of year $29,058 · end of year $23,609

  • 9 · Prepaid expenses and deferred charges

    beginning of year $200,408 · end of year $193,372

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

    $17,790,457

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

    $5,294,075

  • 10c · Land, buildings and equipment, net

    beginning of year $11,104,386 · end of year $12,496,382

  • 14 · Intangible assets

    end of year $2,079

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,186,102 · end of year $1,349,468

  • 19 · Deferred revenue

    beginning of year $320,969 · end of year $1,226,061

  • 23 · Secured mortgages and notes payable

    beginning of year $4,675,231 · end of year $4,518,875

  • 27 · Net assets without donor restrictions

    beginning of year $16,862,263 · end of year $19,513,135

  • 28 · Net assets with donor restrictions

    beginning of year $403,500 · end of year $403,500

Mission and programs · 2022

Mission

VETERANS INC. IS A PRIVATE NON-PROFIT ORGANIZATION DEDICATED TO PROVIDING A WIDE ARRAY OF PROGRAMS AND SUPPORTIVE SERVICES TO VETERANS, SERVICE MEMBERS, AND THEIR FAMILIES AND IS THE LARGEST ONE-STOP VETERANS HOUSING, OUTREACH, AND SUPPORTIVE SERVICES PROGRAM IN NEW ENGLAND.

Activities or mission (Part I)

VETERANS INC MISSION IS TO OPERATE ACCORDING TO THE PHILOSOPHY THAT VETERANS HAVE EARNED THE RESPECT AND GRATITUE OR OUR NATION AND THAT IN RETURN VETERANS INC. PROVIDE THEM WITH WHATEVER SERVICES ARE NEEDED.

  • THE OUTREACH AND SUPPORTIVE SERVICES PROGRAM SERVES VETERANS IN THE COMMUNITY ON AN OUTPATIENT BASIS, AND OFFER TRAINING, THERAPEUTIC GROUP SESSION, AND INDIVIDUAL COUNSELING , BENEFITS COUNSELING AND ADVOCACY, EMPLOYMENT SUPPORT AND OTHER SUPPORT SERVICES SUCH AS FOOD AND CLOTHING. THE PROGRAM IS FOCUSED ON THE REMOVAL OF BARRIERS THAT PREVENT PEOPLE FROM RECEIVING CRITICAL SERVICES, THE PRIMARY GOALS OF THE PROGRAM ARE FOR CLIENTS TO IMPROVE THEIR MENTAL HEALTH STATUS AND RESIDENTIAL STABILITY, INCREASE THEIR SKILL LEVEL OR INCOME. AND ACHIEVE GREATER SELF-DETERMINATION, SUPPORT SERVICES TO VETERAN FAMILIES FOCUS ON HOUSING STABILIZATION AND MAY INCLUDE TEMPORARY FINANCIAL ASSISTANCE TO HELP LOW-INCOME FAMILIES OBTAIN OR REMAIN IN HOUSING.

    Expenses $5,767,423 · Grants $1,201,087 · Revenue $82,085

  • THE HEALTH AND WELLNESS PROGRAM PROVIDES PHYSICAL, MENTAL AND MECHANISMS AND SUPPORT REINTEGRATION INTO THEIR FAMILIES AND COMMUNITIES, VETERANS INC OPERATED INDEPENDENCE HALL, THE FIRST VETERANS-SPECIFIC, LICENSED TREATMENT CENTER FOR ADDICTION RECOVERY AT ITS SITE IN SHREWSBURY, MASSACHUSETTS, THIS PROGRAM IN AN EVIDENCE-BASED TREATMENT CENTER FOR MALES AND FEMALES, FOCUSED ON VETERANS AND DELIVERING SERVICES WITH CULTURAL SKILL AND SENSITIVITY, WITH SPECIAL EXPERTISE IN THE VETERAN'S CULTURE. THE PROGRAM PROVIDES SERVICES THAT INCLUDE INPATIENT CLINICAL STABILIZATION, AS WELL AS OUTPATIENT PROGRAMS INCLUDING TALK THERAPIES AND FAMILY SUPPORT PROGRAMS, THE CENTER IS CONSIDERED THE FIRST OF ITS KIND IN THE COUNTRY TO BE OPERATED BY A COMMUNITY NON-PROTECT VETERAN'S ORGANIZATION, THIS CARE CONTRIBUTES TO VETERANS INC'S SUCCESS IN REDUCING HOMELESSNESS, PROGRAMS AND REFERRALS ARE ALSO AVAILABLE FOR NON-RESIDENT VETERANS.

    Expenses $6,215,320 · Grants $61,167 · Revenue $7,026,603

  • THE EMPLOYMENT AND TRAINING PROGRAM HELPS VETERANS OBTAINED AND RETAINS JOB SO THEY CAN STABILIZE THEIR LIVES, VETERANS OBTAIN AND RETAIN JOB SO THEY CAN STABILIZE THEIR LIVES, VETERANS RECEIVE JOB COUNSELING, SUPPORT SERVICES, TRAINING AND JOB PLACEMENT AND RETENTION SERVICES, EMPLOYMENT SPECIALIST CONDUCT ASSESSMENTS OF VETERAN'S NEEDS, ASPIRATIONS, EMPLOYMENT OBJECTIVES, AND SKILLS AND CREATE EMPLOYMENT DEVELOPMENT PLANS WITH SET, ATTAINABLE GOALS, BARRIERS TO EMPLOYMENT AND PRIOR WORK HISTORY ARE EXPLORED, AND A DETERMINATION MADE AS TO WHAT TYPE OF TRAINING IS APPROPRIATE ONSITE AND OFFSITE TRAINING AND EDUCATION ARE PROVIDED BY QUALIFIED INSTRUCTORS, THE PROGRAM TAKES INTO ACCOUNT THAT SUCCESS INTO THE WORKPLACE OFTEN HINGES ON EMPLOYEE'S ABILITY TO SUCCESSFULLY MANAGE OTHER AREAS OF THEIR LIVES, CLIENTS ARE COUNSELED IN LIFE SKILLS, MONEY MANAGEMENT, STRESS MANAGEMENT AND RELATED AREAS, CLIENTS ALSO HAVE ACCESS TO RESUME WRITING, MOCK INTERVIEW TRAINING, DRESS FOR SUCCESS, AND CAREER COUNSELLING SERVICES, VETERANS, INC OFFERS TRANSPORTATION, FURTHER ELIMINATING POTENTIAL OBSTACLES TO JOB SUCCESS, APPROXIMATELY 70% OF VETERANS IN THE PROGRAM, WHO ARE ABLE TO WORK, OBTAIN JOBS.

    Expenses $2,225,614 · Grants $602

  • VETERANS INC HAS MANY OTHER PROGRAMS INCLUDING THE SUPPORTIVE HOUSING PROGRAM PROVIDES THE BASIC HUMAN NEEDS OF FOOD, CLOTHING AND SHELTER TO HOMELESS VETERANS, IN ADDITION ALL PARTICIPANTS ARE AFFORDED MEDICAL OR SUBSTANCE ABUSE TREATMENT, TRANSPORTATION ASSISTANCE AND OTHER FORMS OF COUNSELING AND SUPPORT SERVICES, THE ORGANIZATION WHICH WILL FURTHER PROMOTE THE MISSION OF VETERANS INC THROUGH THE SPONSORED PROJECT BY EDUCATING AND INCREASING AWARENESS AND ADVOCACY OF DISADVANTAGED POPULATIONS INCLUDING VETERANS.

    Expenses $6,141,425 · Grants $33,593

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • VINCENT PERRONE

    PRESIDENT & CEO

    Total calculated
    $282,265
    From this org
    $262,150
    From related orgs
    $0
    Other
    $20,115
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,150
    Bonus
    $0
    Other
    $0
    Deferred
    $20,115
    Nontaxable benefits
    $0
    Filer's total
    $282,265

  • DENIS M LEARY

    VP & EXEC. DIRECTOR

    Total calculated
    $276,697
    From this org
    $256,697
    From related orgs
    $0
    Other
    $20,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,697
    Bonus
    $0
    Other
    $0
    Deferred
    $20,000
    Nontaxable benefits
    $0
    Filer's total
    $276,697

  • GEORGE BOURISK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROLAND BERCUME

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PATRICK MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • BARBARA RUGO FOCHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • VICTORIA VITUCCI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • RALPH D SABATINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • EDWARD D BURKART JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • ALLISON ALAIMO

    VP FIN. DEV. & ADMIN

    Total calculated
    $272,040
    From this org
    $251,947
    From related orgs
    $0
    Other
    $20,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,947
    Bonus
    $0
    Other
    $0
    Deferred
    $20,093
    Nontaxable benefits
    $0
    Filer's total
    $272,040

  • AMANDA HERRON

    SENIOR DIRECTOR OF ADMIN

    Total calculated
    $163,406
    From this org
    $153,906
    From related orgs
    $0
    Other
    $9,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,906
    Bonus
    $0
    Other
    $0
    Deferred
    $9,500
    Nontaxable benefits
    $0
    Filer's total
    $163,406

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • US VETERANS INC

    C · VETS SVCS · MA · 100% owned

    Directly controlled by VETERANS INC

  • MASSACHUSETTS VETERANS INC

    C · RE HOLDING · MA · 100% owned · share of income $12,524 · share of assets $360,887

    Directly controlled by VETERANS INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349311451

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.