Hillvets Foundation EIN 47-3616097 Form 990 (PDF) Claim this org

Hillvets Foundation

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Connects veterans and supporters in D.C. with opportunities, mentorship, housing, and peer support. For fiscal year 2025 it reported $240K in revenue, $424K in expenses, and $131K in net assets.Pt I

Founded
2015
Type
Mutual-benefit / member-serving · Public & Societal Benefit
Location
Washington, DC
Website
www.hillvets.org
Filings
6 on file (2020–2025)
Revenue
$240KFY2025
Expenses
$424K
Net assets
$131K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-3616097 Mutual-benefit / member-serving Washington, DC Founded 2015
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects veterans and supporters in D.C. with opportunities, mentorship, housing, and peer support.
Leadership
Justin Brown · Chairman
Money in and out
$240K revenue, $424K expenses
Bottom line
-76% surplus margin
Reported financial activity · FY2025
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$424K
Pt IX · Ln 25
Net assets
$131K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$184K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.12 Fundraising $0.10
Surplus margin
-76%
revenue over expenses, this year▼ -392% vs prior filing year
Program spending
79%
of expenses reach programs▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$240K
FY2025▼ -53%
Expenses
$424K
FY2025▲ +11%
Total assets
$118K
FY2025▼ -60%
Total liabilities
$-13K
FY2025▼ -279%
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$424K
Pt IX · Ln 25
Net assets
$131K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$184K
Total assetsPt X · Ln 16$118K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHillvets Foundation
EINHdr · item D47-3616097
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.hillvets.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(19) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W30)
Ruling yearIRS BMFJun 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Justin Brown’s $6K as Chairman is at the 6th percentile of top reported officer pay among 1034 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Justin Brown$6,000$36,000$36,000$36,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $335K of program spending, described in the organization's own filed words · FY2025.
01

In 2025, hillvets strengthened its commitment to empowering the

$335Kprogram expense
02

In terms of empowerment, hillvets placed over 24 veterans as fellows

Pt IX · col B
03

Valor and vision with representative chrissy houlahan and CNN briana

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$240K
Total revenueLn 12$240K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.12 Fundraising $0.10
Program services79%$335K
Management & general12%$49K
Fundraising10%$40K
Total functional expensesLn 25$424K

Balance Sheet

Part X · end of year
CashLn 1$87K
Total assetsLn 16$118K
Total liabilitiesLn 26$-13K
Total net assetsLn 32$131K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $87K · Operating expenses/yr $424K
2.5 months
Where the money goes
Program services
Program services $335K · Total expenses $424K
79%
Management & General
Management & general $49K · Total expenses $424K
12%
Fundraising
Fundraising $40K · Total expenses $424K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $371K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $240K · Total revenue $240K
100%
Government reliance
Government grants — · Total revenue $240K
Earned-income share
Program service revenue $0 · Total revenue $240K
0%
Investment reliance
Investment income $0 · Total revenue $240K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $424K
0%
Growth & trend
Revenue growth (YoY)
This year $240K · Prior year $516K
-53%
Revenue CAGR
FY2020 $436K · FY2025 $240K
-11%
Net-asset trend (YoY)
End of year $131K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $240K · Expenses $424K
-76%
Liabilities-to-Assets
Total liabilities — · Total assets $118K
Net-asset ratio
Net assets $131K · Total assets $118K
111%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $118K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Justin Brown · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $424K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $154K · Total expenses $424K
36%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 12%
Fundraising cost ratio 17%
Revenue growth -53%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 5 funders$180K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$240K revenue · viewing · ⤓ 990 PDF
FY2024$516K revenue · ⤓ 990 PDF
FY2023$357K revenue · ⤓ 990 PDF
FY2022$506K revenue · ⤓ 990 PDF
FY2021$263K revenue · ⤓ 990 PDF
FY2020$436K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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