VETERANS BRIDGE HOME INC

EIN: 452350728 501(c)(3)

CHARLOTTE, NC

Total Revenue
$4,366,255
Total Expenses
$4,689,044
Total Assets
$3,481,076
Net Assets
$1,625,455
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NC
Principal Officer
T BLAKE BOURNE VI
Phone
7043328802
Tax Period
2023-01-01 to 2023-12-31

VETERANS BRIDGE HOME INC, founded in 2011, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum.

Mission

TO CONNECT, LEAD, AND ADVOCATE IN COMMUNITIES TO ENSURE SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES THRIVE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.VETERANS BRIDGE HOME CONNECTS VETERANS AND THEIR FAMILIES, IN ANY STATE OF TRANSITION, TO THE COMMUNITY. THROUGH OUR NETWORK OF PARTNERS, WE HELP VETERANS NAVIGATE EMPLOYMENT, CREATE SOCIAL CONNECTIONS, AND SETTLE THEIR FAMILIES. WE LOOK AT THE WHOLE VETERAN AND CONNECT THEM TO THE RESOURCES NEEDED TO BE SUCCESSFUL AND THRIVING LEADERS IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $3,438,717

VETERANS BRIDGE HOME SERVES AS THE BACKBONE ORGANIZATION FOR NCSERVES MARKETS: METROLINA (CHARLOTTE REGION), TRIAD, TRIANGLE AND THE SANDHILLS (FAYETTEVILLE REGION) AS A COORDINATED CARE NETWORK...

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VETERANS BRIDGE HOME SERVES AS THE BACKBONE ORGANIZATION FOR NCSERVES MARKETS: METROLINA (CHARLOTTE REGION), TRIAD, TRIANGLE AND THE SANDHILLS (FAYETTEVILLE REGION) AS A COORDINATED CARE NETWORK CONNECTING SERVICE MEMBERS, VETERANS, AND MILITARY FAMILIES TO SERVICES THROUGH A COLLECTIVE IMPACT MODEL TO IMPROVE SOCIAL DETERMINANTS OF HEALTH. IN 2023, VETERANS BRIDGE HOME CONNECTED 3,238 IDENTIFIED SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES, A 10% INCREASE FROM 2941 IDENTIFIED SMVF IN 2022, TO 7,844 SERVICES, AN AVERAGE OF 2.42 SERVICES PER FAMILY. SEE SCHEDULE O.THE TOP 3 NEEDS WERE: HOUSING, EMPLOYMENT AND MENTAL/BEHAVIORAL HEALTH WITH THESE CATEGORIES MAKING UP 58.5% OF ALL NETWORK REQUESTS. IN 2023, THE NETWORK RESOLVED 79.4% OF ALL REQUESTS FAVORABLY. VBH AND THE NCSERVES NETWORK ARE COMMITTED TO SERVING A DIVERSE POPULATION OF SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES THROUGHOUT OUR COMMUNITY. IN 2023, 31.6% OF VETERANS SERVED WERE FEMALE; 62.4% BLACK/AFRICAN AMERICAN, 1.5% AMERICAN INDIAN/ALASKA NATIVE OR NATIVE HAWAIIAN/PACIFIC ISLANDER, 4.9% IDENTIFIED AS HISPANIC/LATINO. 1,371 CLIENTS HAD 2+ IDENTIFIED CO-OCCURRING NEEDS; 958 OF THESE CLIENTS WITH 2 OR MORE NEEDS DID NOT INCLUDE HOUSING SUPPORT AS ONE OF THEIR IDENTIFIED NEEDS. OF ALL CLIENTS SERVED IN 2023, 29.6% HAD MULTIPLE CO-OCCURRING NEEDS, EXCLUDING HOUSING REQUESTS.DATA FROM THE U.S. BUREAU OF LABOR STATISTICS SHOWED A 20% INCREASE IN VETERAN UNEMPLOYMENT IN 2023, RISING FROM 2.5% IN JANUARY TO 3.0% BY DECEMBER. ADDITIONALLY, RECENT REPORTS FROM LINKEDIN INDICATE THAT NEARLY ONE-THIRD OF VETERAN JOB SEEKERS ARE UNDEREMPLOYED, A RATE 15.6% HIGHER THAN THAT OF NON-VETERAN JOB SEEKERS. THROUGHOUT 2023, EMPLOYMENT REMAINED THE SECOND MOST REQUESTED SERVICE, ACCOUNTING FOR NEARLY 15% OF ALL SERVICE REQUESTS. IN RESPONSE TO THE GROWING NEED FOR VETERAN EMPLOYMENT SUPPORT AND TO ASSIST THOSE WHO ARE UNDEREMPLOYED, VBH ORGANIZED 21 CAREER NETWORKING EVENTS AND 331 SOCIAL ENRICHMENT OPPORTUNITIES. VBH CONNECTS MONTHLY WITH MORE THAN 1300 EMPLOYERS ACROSS THE CAROLINAS. VBH ALSO REACHED OUT TO OVER 1,200 VETERANS MONTHLY VIA DIRECT EMAIL AND SHARED EMPLOYMENT-RELATED CONTENT ON SOCIAL MEDIA, GENERATING AN AVERAGE OF 15,000 IMPRESSIONS PER MONTH.IN SEPTEMBER 2022, VBH WAS AWARDED ITS INITIAL GRANT FOR $750,000 FROM THE U.S. DEPARTMENT OF VETERANS AFFAIRS TO COUNTER VETERAN SUICIDE. THE STAFF SERGEANT PARKER GORDON FOX SUICIDE PREVENTION GRANT SUPPORTS COMMUNITY-BASED SUICIDE PREVENTION EFFORTS THROUGH OUTREACH, SUICIDE PREVENTION SERVICES, AND CONNECTION TO VA AND COMMUNITY RESOURCES. BETWEEN SEPTEMBER 2022 AND SEPTEMBER 2024, VBH CONNECTED WITH 22,687 SMVF WHO ATTENDED A TOTAL OF 727 EVENTS FOCUSED ON SUICIDE PREVENTION OUTREACH, RAISING AWARENESS OF RISKS OF VETERAN SUICIDE. VBH SCREENED 2,246 INDIVIDUALS TO DETERMINE AT-RISK SUICIDE IDEATION, AND IDENTIFIED 909 AT-RISK VETERANS WHO WERE THEN CONNECTED TO NEEDED MENTAL HEALTH SUPPORT SERVICES.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,478,408
Program Service Revenue $0
Investment Income $28,189
Other Revenue $-140,342
TOTAL REVENUE $4,366,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,873,301
Fundraising Expenses $383,834
Program Expenses $3,438,717
Other Expenses $1,815,743
TOTAL EXPENSES $4,689,044

Year-over-Year Comparison

2023 2022 Change
Revenue $4,366,255 $2,150,577 +1.0%
Expenses $4,689,044 $2,466,501 +0.9%
Net Income $-322,789 $-315,924 +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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Governance

Voting Members
15
Independent Members
15
Employees
41
Volunteers
20

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
6
$243,035
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN ECKERT DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW MARTIN CHAIR 1.00
Officer Director
$0 $0 $0
KENNETH MILLER EXEC & GOV COMMITTEE/VICE CHAIR 1.00
Officer Director
$0 $0 $0
H B SMITH DIRECTOR 1.00
Director
$0 $0 $0
ERIKA THOMPSON INTERNAL AFFAIRS COMMITTEE/TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD WORRELL DEVELOPMENT COMMITTEE/SECRETARY 1.00
Officer Director
$0 $0 $0
LAURA GARRISON DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY TROTMAN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA VINSON DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY WEEKLY DIRECTOR 1.00
Director
$0 $0 $0
NORM COOLING DIRECTOR 1.00
Director
$0 $0 $0
MAGGIE POLLARD DIRECTOR 1.00
Director
$0 $0 $0
DAN ROUNTREE DIRECTOR 1.00
Director
$0 $0 $0
JAMIE WESTMORELAND DIRECTOR 1.00
Director
$0 $0 $0
FRANK VANBUREN DIRECTOR 1.00
Director
$0 $0 $0
T BLAKE BOURNE VI EXECUTIVE DIRECTOR 50.00
Officer
$135,150 $6,750 $141,900
JODI LICH VP OF ADMINISTRATION 50.00
Officer
$96,326 $4,809 $101,135
STEVEN COLE VP OF DEVELOPMENT 50.00
Highest
$110,150 $0 $110,150
NICOLE FRENCH CLINICAL DIRECTOR 50.00
Highest
$110,150 $7,150 $117,300
AARON HARPER VP OF VETERAN EMPLOYMENT 50.00
Highest
$125,150 $6,250 $131,400
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 No data No data No data No data
2023 $4,366,255 $4,689,044 $3,481,076 $-322,789
2022 $2,150,577 $2,466,501 $3,833,321 $-315,924
2021 $2,613,951 $1,894,110 $2,202,699 $719,841
2020 $1,701,116 $1,334,444 $1,641,035 $366,672
2019 $1,375,788 $1,285,148 $1,104,821 $90,640
2018 $1,243,248 $1,188,387 $1,018,311 $54,861
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