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Nonprofiteer
← VETERANS BRIDGE HOME INC

Form 990 for tax year 2023

Filed by VETERANS BRIDGE HOME INC.

Totals

Total revenue
$4,366,255
Total expenses
$4,689,044
Contributions and grants received
$4,478,408
Grants paid
$0
Program service revenue
$0
Investment income
$28,189
Other revenue
-$140,342
Total assets, end of year
$3,481,076
Total liabilities, end of year
$1,855,621
Net assets or fund balances, end of year
$1,625,455
Program services expenses (Part IX)
$3,438,717
Management and general expenses
$866,493
Fundraising expenses
$383,834
Program service expenses (Part III)
$3,438,717

Program services were 73.3% 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

    $763,680

  • 1e · Government grants (contributions)

    $2,074,528

  • 1f · All other contributions, gifts and grants

    $1,640,200

  • 1g · Noncash contributions included above

    $134,818

  • 3 · Investment income

    total $28,189 · excluded $28,189

  • 8a · Fundraising events: gross income

    $93,000

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

    $763,680

  • 8b · Fundraising events: direct expenses

    $233,342

  • 8c · Net income from fundraising events

    total -$140,342 · excluded -$140,342

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $231,476 · program services $176,961 · management and general $35,785 · fundraising $18,730

  • 7 · Other salaries and wages

    total $2,226,767 · program services $1,702,339 · management and general $344,247 · fundraising $180,181

  • 9 · Other employee benefits

    total $219,026 · program services $167,443 · management and general $33,860 · fundraising $17,723

  • 10 · Payroll taxes

    total $196,032 · program services $149,864 · management and general $30,306 · fundraising $15,862

  • 11b · Fees: legal

    total $1,643 · program services $219 · management and general $1,268 · fundraising $156

  • 11c · Fees: accounting

    total $138,566 · program services $18,479 · management and general $106,947 · fundraising $13,140

  • 11g · Fees: other

    total $127,300 · program services $16,977 · management and general $98,251 · fundraising $12,072

  • 12 · Advertising and promotion

    total $80,361 · program services $41,744 · management and general $3,172 · fundraising $35,445

  • 13 · Office expenses

    total $2,211 · program services $1,650 · management and general $534 · fundraising $27

  • 14 · Information technology

    total $23,285 · program services $19,700 · management and general $1,920 · fundraising $1,665

  • 16 · Occupancy

    total $239,156 · program services $190,676 · management and general $24,767 · fundraising $23,713

  • 17 · Travel

    total $320,414 · program services $246,707 · management and general $49,122 · fundraising $24,585

  • 22 · Depreciation, depletion and amortization

    total $38,857 · management and general $38,857

  • 23 · Insurance

    total $24,621 · program services $7,495 · management and general $16,173 · fundraising $953

  • 24a · Other expenses: DIRECT AID TO VETERANS

    total $417,077 · program services $417,077 · management and general $0 · fundraising $0

  • 24b · Other expenses: OUTREACH EVENTS

    total $262,361 · program services $228,820 · management and general $33,541

  • 24c · Other expenses: OTHER EXPENSES

    total $97,062 · program services $35,571 · management and general $40,752 · fundraising $20,739

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $42,829 · program services $16,995 · management and general $6,991 · fundraising $18,843

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,522,659 · end of year $1,108,810

  • 2 · Savings and temporary cash investments

    beginning of year $89,103 · end of year $89,634

  • 3 · Pledges and grants receivable

    beginning of year $179,800 · end of year $381,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,645 · end of year $44,205

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

    $281,048

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

    $180,341

  • 10c · Land, buildings and equipment, net

    beginning of year $127,325 · end of year $100,707

  • 11 · Investments: publicly traded securities

    beginning of year $35,214 · end of year $54,189

  • 15 · Other assets

    beginning of year $1,874,575 · end of year $1,701,631

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,200 · end of year $76,920

  • 19 · Deferred revenue

    beginning of year $5,761 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,946,038 · end of year $1,778,701

  • 27 · Net assets without donor restrictions

    beginning of year $1,677,372 · end of year $1,587,941

  • 28 · Net assets with donor restrictions

    beginning of year $168,950 · end of year $37,514

Mission and programs · 2023

Mission

TO CONNECT, LEAD, AND ADVOCATE IN COMMUNITIES TO ENSURE SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES THRIVE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.VETERANS BRIDGE HOME CONNECTS VETERANS AND THEIR FAMILIES, IN ANY STATE OF TRANSITION, TO THE COMMUNITY. THROUGH OUR NETWORK OF PARTNERS, WE HELP VETERANS NAVIGATE EMPLOYMENT, CREATE SOCIAL CONNECTIONS, AND SETTLE THEIR FAMILIES. WE LOOK AT THE WHOLE VETERAN AND CONNECT THEM TO THE RESOURCES NEEDED TO BE SUCCESSFUL AND THRIVING LEADERS IN OUR COMMUNITY.

Activities or mission (Part I)

TO CONNECT, LEAD, AND ADVOCATE IN COMMUNITIES TO ENSURE SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES THRIVE.

  • VETERANS BRIDGE HOME SERVES AS THE BACKBONE ORGANIZATION FOR NCSERVES MARKETS: METROLINA (CHARLOTTE REGION), TRIAD, TRIANGLE AND THE SANDHILLS (FAYETTEVILLE REGION) AS A COORDINATED CARE NETWORK CONNECTING SERVICE MEMBERS, VETERANS, AND MILITARY FAMILIES TO SERVICES THROUGH A COLLECTIVE IMPACT MODEL TO IMPROVE SOCIAL DETERMINANTS OF HEALTH. IN 2023, VETERANS BRIDGE HOME CONNECTED 3,238 IDENTIFIED SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES, A 10% INCREASE FROM 2941 IDENTIFIED SMVF IN 2022, TO 7,844 SERVICES, AN AVERAGE OF 2.42 SERVICES PER FAMILY. SEE SCHEDULE O.THE TOP 3 NEEDS WERE: HOUSING, EMPLOYMENT AND MENTAL/BEHAVIORAL HEALTH WITH THESE CATEGORIES MAKING UP 58.5% OF ALL NETWORK REQUESTS. IN 2023, THE NETWORK RESOLVED 79.4% OF ALL REQUESTS FAVORABLY. VBH AND THE NCSERVES NETWORK ARE COMMITTED TO SERVING A DIVERSE POPULATION OF SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES THROUGHOUT OUR COMMUNITY. IN 2023, 31.6% OF VETERANS SERVED WERE FEMALE; 62.4% BLACK/AFRICAN AMERICAN, 1.5% AMERICAN INDIAN/ALASKA NATIVE OR NATIVE HAWAIIAN/PACIFIC ISLANDER, 4.9% IDENTIFIED AS HISPANIC/LATINO. 1,371 CLIENTS HAD 2+ IDENTIFIED CO-OCCURRING NEEDS; 958 OF THESE CLIENTS WITH 2 OR MORE NEEDS DID NOT INCLUDE HOUSING SUPPORT AS ONE OF THEIR IDENTIFIED NEEDS. OF ALL CLIENTS SERVED IN 2023, 29.6% HAD MULTIPLE CO-OCCURRING NEEDS, EXCLUDING HOUSING REQUESTS.DATA FROM THE U.S. BUREAU OF LABOR STATISTICS SHOWED A 20% INCREASE IN VETERAN UNEMPLOYMENT IN 2023, RISING FROM 2.5% IN JANUARY TO 3.0% BY DECEMBER. ADDITIONALLY, RECENT REPORTS FROM LINKEDIN INDICATE THAT NEARLY ONE-THIRD OF VETERAN JOB SEEKERS ARE UNDEREMPLOYED, A RATE 15.6% HIGHER THAN THAT OF NON-VETERAN JOB SEEKERS. THROUGHOUT 2023, EMPLOYMENT REMAINED THE SECOND MOST REQUESTED SERVICE, ACCOUNTING FOR NEARLY 15% OF ALL SERVICE REQUESTS. IN RESPONSE TO THE GROWING NEED FOR VETERAN EMPLOYMENT SUPPORT AND TO ASSIST THOSE WHO ARE UNDEREMPLOYED, VBH ORGANIZED 21 CAREER NETWORKING EVENTS AND 331 SOCIAL ENRICHMENT OPPORTUNITIES. VBH CONNECTS MONTHLY WITH MORE THAN 1300 EMPLOYERS ACROSS THE CAROLINAS. VBH ALSO REACHED OUT TO OVER 1,200 VETERANS MONTHLY VIA DIRECT EMAIL AND SHARED EMPLOYMENT-RELATED CONTENT ON SOCIAL MEDIA, GENERATING AN AVERAGE OF 15,000 IMPRESSIONS PER MONTH.IN SEPTEMBER 2022, VBH WAS AWARDED ITS INITIAL GRANT FOR $750,000 FROM THE U.S. DEPARTMENT OF VETERANS AFFAIRS TO COUNTER VETERAN SUICIDE. THE STAFF SERGEANT PARKER GORDON FOX SUICIDE PREVENTION GRANT SUPPORTS COMMUNITY-BASED SUICIDE PREVENTION EFFORTS THROUGH OUTREACH, SUICIDE PREVENTION SERVICES, AND CONNECTION TO VA AND COMMUNITY RESOURCES. BETWEEN SEPTEMBER 2022 AND SEPTEMBER 2024, VBH CONNECTED WITH 22,687 SMVF WHO ATTENDED A TOTAL OF 727 EVENTS FOCUSED ON SUICIDE PREVENTION OUTREACH, RAISING AWARENESS OF RISKS OF VETERAN SUICIDE. VBH SCREENED 2,246 INDIVIDUALS TO DETERMINE AT-RISK SUICIDE IDEATION, AND IDENTIFIED 909 AT-RISK VETERANS WHO WERE THEN CONNECTED TO NEEDED MENTAL HEALTH SUPPORT SERVICES.

    Expenses $3,438,717

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Eckert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Martin

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Miller

    EXEC & GOV COMMITTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • H B Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Erika Thompson

    INTERNAL AFFAIRS COMMITTEE/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Richard Worrell

    DEVELOPMENT COMMITTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Laura Garrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Trotman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christina Vinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Weekly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Norm Cooling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maggie Pollard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Rountree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jamie Westmoreland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Frank Vanburen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • T Blake Bourne VI

    EXECUTIVE DIRECTOR

    Total calculated
    $141,900
    From this org
    $135,150
    From related orgs
    $0
    Other
    $6,750
    Hours/week
    50
  • Jodi Lich

    VP OF ADMINISTRATION

    Total calculated
    $101,135
    From this org
    $96,326
    From related orgs
    $0
    Other
    $4,809
    Hours/week
    50
  • Steven Cole

    VP OF DEVELOPMENT

    Total calculated
    $110,150
    From this org
    $110,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    50
  • Nicole French

    CLINICAL DIRECTOR

    Total calculated
    $117,300
    From this org
    $110,150
    From related orgs
    $0
    Other
    $7,150
    Hours/week
    50
  • Aaron Harper

    VP OF VETERAN EMPLOYMENT

    Total calculated
    $131,400
    From this org
    $125,150
    From related orgs
    $0
    Other
    $6,250
    Hours/week
    50

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413189349307246

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