Veritas Impact Partners EIN 83-1734762 Form 990 (PDF) Claim this org

Veritas Impact Partners

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Offers social services and resident programs for low to moderate-income families. For fiscal year 2024 it reported $785K in revenue, $762K in expenses, and $213K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Irving, TX
Website
www.veritasimpactpartner.org
Filings
5 on file (2020–2024)
Revenue
$785KFY2024
Expenses
$762K
Net assets
$213K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-1734762 Public charity (501(c)(3)) Irving, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers social services and resident programs for low to moderate-income families.
Leadership
Yasmin Zambrano · Director · $140K
Money in and out
$785K revenue, $762K expenses
Bottom line
80% program efficiency
Where the money goes · FY2024
Total revenue
$785K
Pt VIII · Ln 12
Total expenses
$762K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.10 Fundraising $0.10
Program efficiency
80%
of spending reaches programs<0.01% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▲ +82% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +137% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$785K
FY2024▼ -23%
Expenses
$762K
FY2024▼ -31%
Total assets
$294K
FY2024▲ +39%
Total liabilities
$80K
FY2024▲ +97%
Total revenue
$785K
Pt VIII · Ln 12
Total expenses
$762K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$294K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVeritas Impact Partners
EINHdr · item D83-1734762
Principal addressHdr · item CIrving, TX
WebsiteHdr · item Jwww.veritasimpactpartner.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L99)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
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
$139,972Pt VII · Sec A
Director
$82,179Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Yasmin Zambrano’s $140K as Director is at the 94th percentile of top reported officer pay among 852 $100K–1M housing 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Searles$148,367
Jennifer Searles$148,111$136,369$37,425
Yasmin Zambrano$139,972$70,793
Sarahi Ruiz$82,179

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

1 program service account for $610K of program spending, described in the organization's own filed words · FY2024.
01

Health & Wellness

Delivering better health & wellness outcomes for individuals, families, and groups, including local program referrals through onsite activities. Jobs/Economic Advancement: Improving employable and marketable skills for working-age individuals to increase household revenues and decrease ongoing living expenses.

$610Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$645K · 82%
Contributions & grants$140K · 18%
Program service revenue82%$645K
Contributions & grants18%$140K
Total revenueLn 12$785K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.10 Fundraising $0.10
Program services80%$610K
Management & general10%$76K
Fundraising10%$76K
Total functional expensesLn 25$762K

Balance Sheet

Part X · end of year
CashLn 1$124K
Total assetsLn 16$294K
Total liabilitiesLn 26$80K
Total net assetsLn 32$213K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $124K · Operating expenses/yr $762K
2.0 months
Where the money goes
Program services
Program services $610K · Total expenses $762K
80%
Management & General
Management & general $76K · Total expenses $762K
10%
Fundraising
Fundraising $76K · Total expenses $762K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $92K · Solicited contributions (3-yr avg) $525K
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $785K
18%
Government reliance
Government grants — · Total revenue $785K
Earned-income share
Program service revenue $645K · Total revenue $785K
82%
Investment reliance
Investment income $0 · Total revenue $785K
0%
Program self-sufficiency
Program service revenue $645K · Total expenses $762K
85%
Growth & trend
Revenue growth (YoY)
This year $785K · Prior year $1.0M
-23%
Revenue CAGR
FY2020 $373K · FY2024 $785K
+20%
Net-asset trend (YoY)
End of year $213K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $785K · Expenses $762K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $294K
Net-asset ratio
Net assets $213K · Total assets $294K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $294K
0%
People & payroll
Highest Reported Total Compensation
Individual Yasmin Zambrano · Reported title Director · Highest reported compensation $140K · Total expenses $762K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $446K · Total expenses $762K
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 10%
Fundraising cost ratio 55%
Revenue growth -23%
Investment management fee ratio 0%
Legal fee ratio 0.08%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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 · FY2023
Total grants receivedfrom 1 funder$10K

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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
FY2024 (Latest)$785K revenue · viewing · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$326K revenue · ⤓ 990 PDF
FY2020$373K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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