Veterans Northeast Outreach Center Inc

EIN: 042879409 501(c)(3)

Haverhill, MA

Total Revenue
$2,868,845
Total Expenses
$3,316,526
Total Assets
$5,681,977
Net Assets
$-99,981
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Principal Officer
Jason Youngclaus
Phone
9783723626
Tax Period
2024-07-01 to 2025-06-30

Veterans Northeast Outreach Center Inc, founded in 1985, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

To provide residential and other support services for local veterans.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,118,625
Program Service Revenue $746,965
Investment Income $1,780
Other Revenue $1,475
TOTAL REVENUE $2,868,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,072,427
Fundraising Expenses $15,000
Program Expenses $2,251,400
Other Expenses $2,229,099
TOTAL EXPENSES $3,316,526

Year-over-Year Comparison

2024 2023 Change
Revenue $2,868,845 $3,942,689 -0.3%
Expenses $3,316,526 $4,370,050 -0.2%
Net Income $-447,681 $-427,361 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
34
Volunteers
30

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$317,147
Total Directors
7
$126,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Bettencourt President 1.00
Officer Director
$0 $0 $0
John Bachmann Vice President 1.00
Officer Director
$0 $0 $0
Michael Hart Director 1.00
Director
$0 $0 $0
Elizabeth Laliberty Director 1.00
Director
$0 $0 $0
Lenin Roa Director 1.00
Director
$0 $0 $0
Jocelyn Rolley Director 1.00
Director
$0 $0 $0
William Kelly Past Executive Director and Treasurer 40.00
Officer Director
$124,789 $1,511 $126,300
Robert Baronas Past COO 40.00
Officer
$87,964 $12,340 $100,304
Jason Youngclaus CFO 40.00
Officer
$77,748 $12,795 $90,543
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,868,845 $3,316,526 $5,681,977 $-447,681
2024 $3,942,689 $4,370,050 $6,748,022 $-427,361
2023 $4,288,274 $4,372,656 $7,415,414 $-84,382
2022 $4,517,394 $4,963,295 $7,586,986 $-445,901
2021 $5,723,835 $6,103,553 $8,243,940 $-379,718
2020 $5,429,410 $6,771,502 $8,895,779 $-1,342,092
2019 $5,570,009 $5,427,568 $10,163,569 $142,441
2018 $4,628,056 $4,097,602 $4,986,614 $530,454
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