VETERANS PLACE OF WASHINGTON BOULEVARD

EIN: 251787030 501(c)(3) Housing & Shelter

PITTSBURGH, PA

Total Revenue
$6,556,959
Total Expenses
$2,826,033
Total Assets
$10,551,085
Net Assets
$7,033,255
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
PA
Principal Officer
KEVIN KORDZI
Phone
4123630500
Tax Period
2024-01-01 to 2024-12-31

VETERANS PLACE OF WASHINGTON BOULEVARD, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 57% operating margin.

Mission

TO EMPOWER VETERANS' TRANSITION FROM HOMELESS TO HOME, ENDING THE CYCLE OF HOMELESSNESS, AND TO ASSIST ALL AT-RISK VETERANS TO BECOME ENGAGED, VALUABLE CITIZENS WHO CONTRIBUTE TO THEIR COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $1,472,198 Revenue: $1,646,456

THE VETERANS PLACE TRANSITIONAL HOUSING PROGRAM (FUNDED THROUGH THE VA) HAS BEEN OPERATING FOR 25 YEARS. THIS PROGRAM PROVIDES TRANSITIONAL HOUSING SERVICES FOR UP TO 60 HOMELESS VETERANS THROUGH...

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THE VETERANS PLACE TRANSITIONAL HOUSING PROGRAM (FUNDED THROUGH THE VA) HAS BEEN OPERATING FOR 25 YEARS. THIS PROGRAM PROVIDES TRANSITIONAL HOUSING SERVICES FOR UP TO 60 HOMELESS VETERANS THROUGH DIFFERENT PROGRAM MODELS: CONTRACT, LOW DEMAND, SERVICE INTENSIVE AND BRIDGE HOUSING. THE TRANSITIONAL HOUSING IS LOCATED WITHIN 13 TOWNHOUSES AND THE MULTIPURPOSE BUILDING. EACH VETERAN CAN BE ACCOMMODATED IN THE PROGRAM FOR UP TO 24 MONTHS. SERVICES PROVIDED, IN ADDITION TO TRANSITIONAL HOUSING, INCLUDE CASE MANAGEMENT, EMPLOYMENT AND EDUCATIONAL SERVICES, RECOVERY SUPPORT, FINANCIAL MANAGEMENT, TRANSPORTATION ASSISTANCE, CLOTHING, AND ON-SITE FOOD PANTRY. VETERANS ARE ASSISTED WITH DEVELOPING AND ACHIEVING INDIVIDUALIZED GOAL PLANS BASED ON THEIR NEEDS AND GOALS. VETERANS ARE ABLE TO ACHIEVE SELF-SUFFIENCY AND RETURN TO BEING PRODUCTIVE MEMBERS OF THEIR COMMUNITIES.

Program 2
Expenses: $527,951 Revenue: $72,755

THE VETERANS RESOURCE CENTER IS ONE OF ONLY FIFTEEN OF ITS KIND IN THE COUNTRY AND THE ONLY DROP-IN SERVICE CENTER FOR VETERANS IN THE WESTERN PENNSYLVANIA REGION. THE VETERANS RESOURCE CENTER...

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THE VETERANS RESOURCE CENTER IS ONE OF ONLY FIFTEEN OF ITS KIND IN THE COUNTRY AND THE ONLY DROP-IN SERVICE CENTER FOR VETERANS IN THE WESTERN PENNSYLVANIA REGION. THE VETERANS RESOURCE CENTER SERVICES VETERANS FACING HOMELESSNESS OR AT RISK OF HOMELESSNESS PROVIDING THEM WITH ESSENTIAL RESOURCES SUCH AS TRANSPORTATION, FOOD, CLOTHING, LAUNDRY FACILITIES, SHOWER FACILITIES, FINANCIAL ASSISTANCE, AND INDIVIDUALIZED CASE MANAGEMENT. VETERANS ARE IMMEDIATELY LINKED WITH RESOURCES FOR HOUSING. OVER 1,000 VETERANS WERE SERVED IN 2024.

Program 3
Expenses: $456,372

THE HOMELESS VETERANS REINTEGRATION PROGRAM (HVRP) IS AN EMPLOYMENT-FOCUSED COMPETITIVE GRANT PROGRAM OF THE DEPARTMENT OF LABOR EMPLOYMENT AND TRAINING SERVICES (DOL-VETS). THIS IS THE ONLY FEDERAL...

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THE HOMELESS VETERANS REINTEGRATION PROGRAM (HVRP) IS AN EMPLOYMENT-FOCUSED COMPETITIVE GRANT PROGRAM OF THE DEPARTMENT OF LABOR EMPLOYMENT AND TRAINING SERVICES (DOL-VETS). THIS IS THE ONLY FEDERAL GRANT TO FOCUS EXCLUSIVELY ON COMPETITIVE EMPLOYMENT FOR HOMELESS VETERANS. VETERANS PLACE SERVES VETERANS IN SEVEN COUNTIES; ALLEGHENY, ARMSTRONG, BEAVER, BUTLER, FAYETTE, WESTMORELAND, AND WASHINGTON COUNTY. THROUGH INDIVIDUALIZED GOAL SETTING WITH AN EMPLOYMENT CASE MANAGER, EACH VETERAN IS ABLE TO BE MATCHED WITH AN EMPLOYER THAT MATCHES THEIR WANTS AND NEEDS. BY PARTNERING WITH HUNDREDS OF EMPLOYERS ACROSS THE REGION, OUR EMPLOYMENT CASE MANAGERS ARE ABLE TO FIND COMPETETIVE EMPLOYMENT OPPORTUNITIES FOR THE HOMELESS VETERANS WITHIN THE PROGRAM.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,769,833
Program Service Revenue $1,719,211
Investment Income $6,025
Other Revenue $61,890
TOTAL REVENUE $6,556,959

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,549,340
Fundraising Expenses $225,646
Program Expenses $2,456,521
Other Expenses $1,276,693
TOTAL EXPENSES $2,826,033

Year-over-Year Comparison

2024 2023 Change
Revenue $6,556,959 $2,713,400 +1.4%
Expenses $2,826,033 $2,579,927 +0.1%
Net Income $3,730,926 $133,473 +27.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
43
Volunteers
50

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
$92,273
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK WECHSLER PRESIDENT 10.00
Officer Director
$0 $0 $0
JOHN WILCOX VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARK CHIODO TREASURER 2.00
Officer Director
$0 $0 $0
DANIEL OSTROWSKI SECRETARY 2.00
Officer Director
$0 $0 $0
ROBERT AMERICUS BOARD MEMBER 1.00
Director
$0 $0 $0
HANK BEUKEMA BOARD MEMBER 2.00
Director
$0 $0 $0
MARVA BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
AUGUSTINE FAUCHER BOARD MEMBER 1.00
Director
$0 $0 $0
DR I WILLIAM GOLDFARB BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY HARRISON BOARD MEMBER 1.00
Director
$0 $0 $0
MARY ROBB JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN L JENKINS BOARD MEMBER 1.00
Director
$0 $0 $0
DR ABRAHAM JOHN KABAZIE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MOYER BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH OLSZEWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL EANNARINO DIRECTOR (EMERITUS) 1.00
Director
$0 $0 $0
KEVIN KOROZI EXECUTIVE DIRECTOR 1.00
Officer
$91,205 $1,068 $92,273
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 $6,556,959 $2,826,033 $10,551,085 $3,730,926
2023 $2,713,400 $2,579,927 $5,576,761 $133,473
2022 $3,477,366 $2,903,561 $4,494,614 $573,805
2021 $3,094,398 $2,398,687 $4,136,210 $695,711
2020 $2,128,993 $1,881,528 $3,484,282 $247,465
2019 $1,653,629 $1,665,238 $3,525,519 $-11,609
2018 $2,401,256 $1,535,792 $3,878,983 $865,464
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