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Nonprofiteer
← VETERANS NORTH EAST OUTREACH CENTER INC

Form 990 for tax year 2024

Filed by VETERANS NORTH EAST OUTREACH CENTER INC.

Totals

Total revenue
$2,868,845
Total expenses
$3,316,526
Contributions and grants received
$2,118,625
Grants paid
$0
Program service revenue
$746,965
Investment income
$1,780
Other revenue
$1,475
Total assets, end of year
$5,681,977
Total liabilities, end of year
$5,781,958
Net assets or fund balances, end of year
-$99,981
Program services expenses (Part IX)
$2,251,400
Management and general expenses
$1,050,126
Fundraising expenses
$15,000
Program service expenses (Part III)
$2,251,400

Program services were 67.9% 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.

  • 1e · Government grants (contributions)

    $1,918,042

  • 1f · All other contributions, gifts and grants

    $200,583

  • 2a · Program service revenue: Veteran Housing

    total $575,452 · related or exempt $575,452

  • 2b · Program service revenue: Other Program Revenue

    total $111,514 · related or exempt $111,514

  • 2c · Program service revenue: Case Management Servic

    total $59,999 · related or exempt $59,999

  • 3 · Investment income

    total $1,780 · excluded $1,780

  • 8a · Fundraising events: gross income

    $1,475

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $1,475 · excluded $1,475

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $317,147 · management and general $317,147

  • 7 · Other salaries and wages

    total $611,594 · program services $540,484 · management and general $71,110

  • 9 · Other employee benefits

    total $80,631 · program services $71,047 · management and general $9,584

  • 10 · Payroll taxes

    total $63,055 · program services $41,760 · management and general $21,295

  • 11b · Fees: legal

    total $30,777 · program services $12,731 · management and general $18,046

  • 11c · Fees: accounting

    total $56,533 · program services $23,385 · management and general $33,148

  • 11e · Fees: professional fundraising services

    total $15,000 · fundraising $15,000

  • 11g · Fees: other

    total $16,949 · program services $13,216 · management and general $3,733

  • 12 · Advertising and promotion

    total $8,217 · program services $6,217 · management and general $2,000

  • 13 · Office expenses

    total $65,761 · program services $49,756 · management and general $16,005

  • 14 · Information technology

    total $44,671 · program services $20,755 · management and general $23,916

  • 16 · Occupancy

    total $795,987 · program services $721,183 · management and general $74,804

  • 17 · Travel

    total $14,131 · program services $12,196 · management and general $1,935

  • 20 · Interest

    total $78,017 · program services $70,116 · management and general $7,901

  • 22 · Depreciation, depletion and amortization

    total $233,026 · program services $224,334 · management and general $8,692

  • 23 · Insurance

    total $99,823 · program services $77,578 · management and general $22,245

  • 24a · Other expenses: Impairment Loss on PPE

    total $388,506 · management and general $388,506

  • 24b · Other expenses: Program Support

    total $256,168 · program services $255,947 · management and general $221

  • 24c · Other expenses: Miscellaneous Expense

    total $121,807 · program services $92,161 · management and general $29,646

  • 24d · Other expenses: Bad Debt Expense

    total $18,726 · program services $18,534 · management and general $192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250 · end of year $190

  • 2 · Savings and temporary cash investments

    beginning of year $441,164 · end of year $155,206

  • 3 · Pledges and grants receivable

    beginning of year $279,957 · end of year $55,148

  • 4 · Accounts receivable

    beginning of year $44,707 · end of year $36,865

  • 7 · Other notes and loans receivable

    beginning of year $64,645 · end of year $66,416

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,117 · end of year $28,152

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

    $8,225,733

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

    $2,885,733

  • 10c · Land, buildings and equipment, net

    beginning of year $5,885,182 · end of year $5,340,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $411,851 · end of year $403,141

  • 23 · Secured mortgages and notes payable

    beginning of year $3,077,411 · end of year $3,062,531

  • 24 · Unsecured notes and loans payable

    beginning of year $18,145 · end of year $18,145

  • 25 · Other liabilities

    beginning of year $2,956,616 · end of year $2,298,141

  • 27 · Net assets without donor restrictions

    beginning of year $283,999 · end of year -$99,981

Mission and programs · 2024

Mission

Counseling and support to veterans

Activities or mission (Part I)

To provide residential and other support services for local veterans.

  • Counseling and support of veterans including providing housing for formerly homeless veterans.

    Expenses $2,251,400 · Revenue $746,965

As filed on the 2024 return.

Listed in Part VII

  • Richard Bettencourt

    President

    Total calculated
    $0
    Hours/week
    1

  • John Bachmann

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Michael Hart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Laliberty

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lenin Roa

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jocelyn Rolley

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Kelly

    Past Executive Director and Treasurer

    Total calculated
    $126,300
    From this org
    $124,789
    From related orgs
    $0
    Other
    $1,511
    Hours/week
    40

  • Robert Baronas

    Past COO

    Total calculated
    $100,304
    From this org
    $87,964
    From related orgs
    $0
    Other
    $12,340
    Hours/week
    40

  • Jason Youngclaus

    CFO

    Total calculated
    $90,543
    From this org
    $77,748
    From related orgs
    $0
    Other
    $12,795
    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.

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.

  • VNOC Development LLC

    Real Estate · MA · income $0 · assets $0

    Directly controlled by Veterans Northeast Outreach Center Inc

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2026
IRS schema version
2024v5.5
Source object
202601189349301015

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