Veterans on The Rise Inc

EIN: 550772433 501(c)(3) Mental Health

Washington, DC

Total Revenue
$3,638,534
Total Expenses
$2,963,536
Total Assets
$2,370,519
Net Assets
$1,969,466
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
DC
Principal Officer
David Kurtz
Phone
2023884090
Tax Period
2024-01-01 to 2024-12-31

Veterans on The Rise Inc, founded in 1999, is a community nonprofit in the Mental Health sector that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $675K, a strong 19% operating margin.

Mission

Veterans on the Rise provides a holistic system of care to fight veteran homelessness in the Washington DC metroplex. VOTR offers the resources and opportunities for each homeless or at-risk veteran to overcome the personal and housing challenges they face in order to achieve maximum self-sufficiency.

Program Service Accomplishments

Program 1
Expenses: $852,725 Revenue: $1,280,966

Community Based Emergency Residential Services (CERS): VOTR provides CERS placement to homeless veterans referred to us by DC Veterans Affairs Medical Center. VOTR provides 24 beds, 20 for men and 4...

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Community Based Emergency Residential Services (CERS): VOTR provides CERS placement to homeless veterans referred to us by DC Veterans Affairs Medical Center. VOTR provides 24 beds, 20 for men and 4 for women, for emergency transitional housing for a period of up to 60 days. Case managers work closely with each veteran to provide both group and individualized care that meet their particular needs. Care includes medical support through the VA Medical Center, therapeutic and rehabilitative services, individual professional counseling, training in life skills and financial management, assistance in finding job training and employment opportunities, and help in finding alternative safe and affordable housing when they are discharged from VOTR. 130 veterans were supported under this program during 2023 and 2024.

Program 2
Expenses: $591,280 Revenue: $840,740

Serious Mentally Ill Transitional Housing (SMI): VOTR has 12 beds dedicated to housing veterans experiencing severe mental illness which puts them at the highest risk of homelessness. Many of these...

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Serious Mentally Ill Transitional Housing (SMI): VOTR has 12 beds dedicated to housing veterans experiencing severe mental illness which puts them at the highest risk of homelessness. Many of these veterans have multiple conditions that make it hard for them to succeed in shelters or in traditional transitional housing programs. These conditions can include, but are not limited to, severe mental illness, co-occurring disorders, PTSD, substance abuse and other medical conditions. These veterans live in a community setting in which they receive 24-hour care from trained specialists for up to 180 days. Care includes physical and mental health support through the VA Medical Center, therapeutic and rehabilitative services, individual professional counseling, training in life skills and financial management, and help in finding alternative safe and affordable housing when they are discharged from VOTR. 90 veterans were supported by this program during 2023 and 2024.

Program 3
Expenses: $1,149,462 Revenue: $1,397,941

Family Rehousing and Stabilization Program (FRSP): FRSP is designed to work within the Washington DC continuum of care to support families who experience homelessness or are at imminent risk of...

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Family Rehousing and Stabilization Program (FRSP): FRSP is designed to work within the Washington DC continuum of care to support families who experience homelessness or are at imminent risk of homelessness. VOTR works with Washington DC government to provide counseling and support services. The purpose is to support DC residents, who are experiencing homelessness or at imminent risk of experiencing homelessnes, to achieve stavility in permanent housing through individualized and time limited assitance.

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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 $3,567,422
Program Service Revenue $0
Investment Income $0
Other Revenue $71,112
TOTAL REVENUE $3,638,534

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,010,344
Fundraising Expenses $0
Program Expenses $2,593,467
Other Expenses $953,192
TOTAL EXPENSES $2,963,536

Year-over-Year Comparison

2024 2023 Change
Revenue $3,638,534 $3,349,882 +0.1%
Expenses $2,963,536 $2,891,091 +0.0%
Net Income $674,998 $458,791 +0.5%
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
7
Independent Members
7
Employees
37
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
3
$0
Total Directors
9
$229,605
Key Employees
1
$117,426
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tamara Alston Chair 2.00
Officer Director
$0 $0 $0
Steve Reese Vice chair 2.00
Officer Director
$0 $0 $0
Rodney Griffin Treasurer 2.00
Officer Director
$0 $0 $0
Derrick Davis Member 2.00
Director
$0 $0 $0
T'Wana Holmes Member 2.00
Director
$0 $0 $0
Makia Smith-Thomas Member 2.00
Director
$0 $0 $0
David Kurtz Executive Director 40.00
Director Key Emp
$117,426 $0 $117,426
Ruby Gregory Deputy Director 40.00
Director
$112,179 $0 $112,179
Shoteria Pearson Member 2.00
Director
$0 $0 $0
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 $3,638,534 $2,963,536 $2,370,519 $674,998
2023 $3,349,882 $2,891,091 $2,147,341 $458,791
2023 $3,349,882 $2,891,091 $2,147,341 $458,791
2022 $2,508,390 $2,278,050 $2,221,101 $230,340
2021 $2,287,876 $2,047,208 $935,745 $240,668
2020 $1,958,074 $1,755,995 $672,763 $202,079
2019 $1,727,321 $1,643,621 $336,591 $83,700
2018 $2,013,681 $2,031,830 $282,069 $-18,149
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