Usvets - Texas FY2022 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2012Human ServicesEIN 45-5126753Revenue $231K in FY2022

On file with the IRSusvets.org800 W 6th St Ste 1505, 90017-2742 · Los Angeles, CATax-exempt since Jul 2012Supporting org, Type I — 509(a)(3)

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The successful transition of u.s. Military veterans and their families through the provision of housing, counseling, career development and comprehensive support.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$46K
375% of total assets
Concern: liabilities are 375% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$231K
-79% vs prior year
Spent
$241K
To programs
90%
Net assets
−$33K
By yearFY2020–FY2024
Revenue
$231K
FY2022▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2020$700K
FY2021$1.1M
FY2022$231K
FY2023$0
FY2024$221K
FY2024$351K
Expenses
$241K
FY2022▼ -77%
Tap a bar for its year
Expenses by fiscal year
FY2020$720K
FY2021$1.0M
FY2022$241K
FY2023$3K
FY2024$222K
FY2024$357K
Net assets
−$33K
FY2022▼ -39%
Tap a bar for its year
Net assets by fiscal year
FY2020−$65K
FY2021−$24K
FY2022−$33K
FY2023−$37K
FY2024−$38K
FY2024−$44K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $216K Management & general 10% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Treasurer (left 11/2021)
$0Pt VII · Sec A
See Usvets - Texas executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps veterans and families find housing, counseling, and jobs for a successful transition.

Provided by the organization

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1 program · $216K · in their own filed words · FY2021
01

U.s. Vets

Texas provided services under the va-funded supportive services for veteran families ("SSVF") program. The program provides rapid rehousing and homeless prevention services to very low-income veteran families.

$216Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Cigna FoundationFY2024$150K
Total grants receivedfrom 1 funder$150K
Grants paid · 3 grants · $705K · 2019–2021
Unitemized GrantFY2021$43,264
Unitemized GrantFY2020$487,576
Unitemized GrantFY2019$174,601

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$231K
Ln 12
Gifts and grantsLn 1h$231K
Money outPt IX
$241K
Ln 25
Programscol B$216K
Managementcol C$25K
Owns and owesPt X
−$33K
net assets · Ln 32
Cash and savingsLn 1–2$626
Total assetsLn 16$12K
LiabilitiesLn 26$46K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$231K
Government grantsLn 1e$227K
Total revenueLn 12$231K
Assets in detailPt X, end of year
CashLn 1$626
Cash and savings togetherLn 1–2$626
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$0
Total assetsLn 16$12K
LiabilitiesLn 26$46K
Net assetsLn 32−$33K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$14K$626
Land, buildings, equipmentLn 10c$13K$12K
Total assetsLn 16$98K$12K
LiabilitiesLn 26$122K$46K
Net assetsLn 32−$24K−$33K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$43K$43K
Other salaries and wagesLn 7$105K$92K$13K
Pension plan contributionsLn 8$825$720$105
Other employee benefitsLn 9$20K$18K$3K
Payroll taxesLn 10$8K$7K$1K
Other fees for servicesLn 11g$49$43$6
Office expensesLn 13$6K$5K$750
OccupancyLn 16$14K$12K$2K
TravelLn 17$166$145$21
Depreciation, depletion and amortizationLn 22$4K$4K$540
InsuranceLn 23$2K$2K$224
Other expenses (24a–d)Ln 24$37K$33K$5K
Total functional expensesLn 25$241K$216K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $221K$222K−$1K−$38K 990 PDF
FY2023 $0$3K−$3K−$37K 990 PDF
FY2022 Viewing $231K$241K−$9K−$33K 990 PDF
FY2021 $1.1M$1.0M$41K−$24K 990 PDF
FY2020 $700K$720K−$20K−$65K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $231,470 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,090,345$231,470
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,090,345$231,470
I-13 Grants and similar amounts paidPrior year $487,576$43,264
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $474,966$134,130
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $87,105$63,450
I-18 Total expensesPrior year $1,049,647$240,844
I-19 Revenue less expensesPrior year $40,698−$9,374
Part VI · Governance 0 of 1 board members independent, no flags
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $231,470 across 4 lines filed
VIII-1e Government grants$226,660
VIII-1f All other contributions, gifts and grants$4,810
VIII-1h Total contributions, gifts and grants$231,470
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$231,470
Part IX · Statement of functional expenses $240,844 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $43,264$43,264
IX-7 Other salaries and wagesPrograms $91,927 · Management $13,367$105,294
IX-8 Pension plan contributionsPrograms $720 · Management $105$825
IX-9 Other employee benefitsPrograms $17,505 · Management $2,545$20,050
IX-10 Payroll taxesPrograms $6,950 · Management $1,011$7,961
IX-11g Other fees for servicesPrograms $43 · Management $6$49
IX-13 Office expensesPrograms $5,266 · Management $750$6,016
IX-16 OccupancyPrograms $11,991 · Management $1,744$13,735
IX-17 TravelPrograms $145 · Management $21$166
IX-22 Depreciation, depletion and amortizationPrograms $3,711 · Management $540$4,251
IX-23 InsurancePrograms $1,540 · Management $224$1,764
IX-24 Other expenses (24a–d)Programs $32,712 · Management $4,757$37,469
IX-25 Total functional expensesPrograms $215,774 · Management $25,070 · Fundraising $0$240,844
Part X · Balance sheet $12,164 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $14,323$626
X-4 Accounts receivableStart of year $55,785$0
X-10c Land, buildings and equipment, netStart of year $12,553$11,538
X-15 Other assetsStart of year $15,610$0
X-16 Total assetsStart of year $98,271$12,164
X-17 Accounts payable and accrued expensesStart of year $122,389$5,461
X-25 Other liabilitiesStart of year $0$40,195
X-26 Total liabilitiesStart of year $122,389$45,656
X-27 Net assets without donor restrictionsStart of year −$56,560−$33,492
X-28 Net assets with donor restrictionsStart of year $32,442$0
X-32 Total net assets or fund balancesStart of year −$24,118−$33,492
X-33 Total liabilities and net assetsStart of year $98,271$12,164
Part XI · Reconciliation of net assets −$33,492 net assets at year end
XI-1 Total revenue$231,470
XI-2 Total expenses$240,844
XI-3 Revenue less expenses−$9,374
XI-4 Net assets at start of year−$24,118
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$33,492

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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