SOUTHEASTERN MASS VETERANS HOUSING… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

JAMES A REID

Phone

5089925313

Tax Period

2023-10-01 to 2024-09-30

SOUTHEASTERN MASS VETERANS HOUSING PROGRAM INC, founded in 1990, is a community nonprofit in the Public & Societal Benefit sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE HOPE FOR HOMELESS VETERANS IN A SAFE, SOBER, SUPPORTIVE RESIDENCE AND TO ASSIST THOSE WHO DESIRE TO ACHIEVE REHABILITATION, SELF-SUFFICIENCY, AND COMMUNITY INTEGRATION, WITH THE ULTIMATE GOAL OF TRANSITIONING INTO PERMANENT HOUSING

Program Service Accomplishments

Program 1

Expenses: $645,894 Revenue: $62,733

TRANSITION HOUSE - REACHES INTO COMMUNITIES OF SOUTHEASTERN MASSACHUSETTS SERVING HOMELESS VETERANS IN NEED OF SUPPORT AND ASSISTANCE. THE TYPES OF SERVICES INCLUDE, BUT ARE NOT LIMITED TO...

TRANSITION HOUSE - REACHES INTO COMMUNITIES OF SOUTHEASTERN MASSACHUSETTS SERVING HOMELESS VETERANS IN NEED OF SUPPORT AND ASSISTANCE. THE TYPES OF SERVICES INCLUDE, BUT ARE NOT LIMITED TO, INDEPENDENT LIVING SKILLS, REHABILITATION, AND RE-INTEGRATION INTO THE COMMUNITY.

Program 2

Expenses: $386,726 Revenue: $77,948

GRADUATE HOUSE - THESE PROGRAMS PROVIDE LONG-TERM, SINGLE BEDROOM APARTMENTS IN HOUSES OWNED BY THE AGENCY. RESIDENTS OF THE GRADUATE HOUSES ARE REQUIRED TO COMPLY WITH AGENCY REGULATIONS PERTAINING...

Program 3

Expenses: $395,619 Revenue: $65,862

THE OUTREACH CENTER IS A RESOURCE TO ALL VETERANS AND THEIR FAMILIES SEEKING INFORMATION AND SERVICES THAT SUPPORT THEIR SAFETY, HEALTH AND WELL-BEING. THE OUTREACH CENTER IS STAFFED BY PROFESSIONAL...

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,274,987

Program Service Revenue $174,489

Investment Income $3,401

Other Revenue $136,281

TOTAL REVENUE $2,589,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,621,048

Fundraising Expenses $61,750

Program Expenses $2,129,601

Other Expenses $959,225

TOTAL EXPENSES $2,635,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,589,158	$2,881,457	-0.1%
Expenses	$2,635,497	$2,411,511	+0.1%
Net Income	$-46,339	$469,946	-1.1%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$255,331

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN REMEDIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD BROWN	TREASURER	2.00	Officer Director	$0	$0	$0
ROSEMARIE LOPES	CLERK	2.00	Officer Director	$0	$0	$0
DEVEN ROBITAILLE	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA BAPTISTE	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT LANG	DIRECTOR	2.00	Director	$0	$0	$0
JAMES FERRARA	DIRECTOR	2.00	Director	$0	$0	$0
JAMES REID	EXECUTIVE DIRECTOR	40.00	Officer	$120,360	$0	$120,360
JASON STRIPINIS	BUSINESS MANAGER & CFO	40.00	Officer	$120,308	$14,663	$134,971

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
2024	$2,589,158	$2,635,497	$3,996,523	$-46,339
2023	$2,881,457	$2,411,511	$3,976,951	$469,946
2022	$1,969,574	$1,892,062	$3,342,731	$77,512
2021	$1,838,019	$1,779,485	$3,405,175	$58,534
2020	$1,663,183	$1,778,376	$3,541,782	$-115,193
2019	$3,341,118	$1,642,515	$3,679,590	$1,698,603
2018	$2,121,333	$1,567,058	$2,287,672	$554,275

SOUTHEASTERN MASS VETERANS HOUSING PROGRAM INC