MILWAUKEE HOMELESS VETERANS INITIATIVE INC

EIN: 454573280 501(c)(3) Public & Societal Benefit

WEST ALLIS, WI

Total Revenue
$1,594,186
Total Expenses
$1,188,975
Total Assets
$891,400
Net Assets
$869,213
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
WI
Principal Officer
ROBERT WEBB JR
Phone
4142574111
Tax Period
2023-01-01 to 2023-12-31

MILWAUKEE HOMELESS VETERANS INITIATIVE INC, founded in 2012, is a community nonprofit in the Public & Societal Benefit sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405K, a strong 25% operating margin.

Mission

TO ENABLE HOMELESS AND AT-RISK VETERANS TO REACH AND MAINTAIN THEIR HIGHEST LEVEL OF INDEPENDENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,594,186
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,594,186

Expense Breakdown

Grants Paid $380,931
Salaries & Benefits $543,746
Fundraising Expenses $90,241
Program Expenses $988,757
Other Expenses $245,738
TOTAL EXPENSES $1,188,975

Year-over-Year Comparison

2023 2022 Change
Revenue $1,594,186 $884,944 +0.8%
Expenses $1,188,975 $1,004,070 +0.2%
Net Income $405,211 $-119,126 -4.4%
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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Governance

Voting Members
11
Independent Members
11
Employees
12
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
5
$93,375
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL JACOBS SECRETARY 3.00
Officer Director
$0 $0 $0
JUSTIN BELLER DIRECTOR 2.00
Director
$0 $0 $0
SAUL NEWTON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WEBB JR PRESIDENT 3.00
Officer Director
$0 $0 $0
JACOB HEINITZ VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
MARIETTA TICALI DIRECTOR 3.00
Director
$0 $0 $0
BILL MEISEL DIRECTOR 1.00
Director
$0 $0 $0
NATASHA MOSER DIRECTOR 1.00
Director
$0 $0 $0
BRYAN KRAJEWSKI DIRECTOR 1.00
Director
$0 $0 $0
TINA BETHHAUSER TREASURER 3.00
Officer Director
$0 $0 $0
DEBBIE BUCHANAN EXECUTIVE DIR. 40.00
Officer
$81,634 $11,741 $93,375
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 $1,594,186 $1,188,975 $891,400 $405,211
2022 $884,944 $1,004,070 $505,775 $-119,126
2021 $1,008,373 $850,750 $597,641 $157,623
2020 $735,911 $713,234 $438,807 $22,677
2019 $649,900 $732,062 $425,719 $-82,162
2018 $695,755 $760,008 $509,743 $-64,253
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