VETERANS HOUSING SOLUTIONS INC

EIN: 833190697 501(c)(3) Public & Societal Benefit

STRONGSVILLE, OH

Total Revenue
$588,864
Total Expenses
$495,797
Total Assets
$268,585
Net Assets
$158,168
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
OH
Principal Officer
RUSSELL S RHODA
Phone
2162805824
Tax Period
2024-01-01 to 2024-12-31

VETERANS HOUSING SOLUTIONS INC, founded in 2019, is a small nonprofit in the Public & Societal Benefit sector that reported $589K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 16% operating margin.

Mission

Assist Veterans and Veterans Organizations obtain grant funding through private foundations and government agencies.Create housing solutions for disabled and aging Veterans, allowing them to continue living independently in their own home. Assist our Veterans Widows with home repairs and maintenance.

Program Service Accomplishments

Program 1
Expenses: $72,921

HEARTH HOME This program not only helps veterans maintain and improve their residences through home improvements, renovations and ADA requirements, but also assists in placing homeless Veterans in...

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HEARTH HOME This program not only helps veterans maintain and improve their residences through home improvements, renovations and ADA requirements, but also assists in placing homeless Veterans in housing. Furnishings are provided where necessary. Guidance is provided to the Veteran to utilize resources which help them improve themselves. We dont believe in enabling... we connect them to necessary resources and offer this incentive to help them succeed. This program also benefits the neighborhoods by eliminating blight from the community. VOLUNTEER INVOLVEMENT 78 volunteers worked approximately 688 Total Hours for an IN-KIND DONATION value of 20,616 for year 2024.

Program 2
Expenses: $331,270

AGING IN PLACE This program assists aging veteran who are unable or cannot afford the improvements, modifications, and renovation necessary for them to remain in their homes. Ride with Valor places...

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AGING IN PLACE This program assists aging veteran who are unable or cannot afford the improvements, modifications, and renovation necessary for them to remain in their homes. Ride with Valor places ADA grab bars throughout the home and makes the bathroom completely ADA accessable. The bathtub often is replaced with a walk-in shower, custom tile, ADA toilet, and vanity walls patched and repainted light fixtures, towel bars, and new flooring installed. This program helps our aging and disabled Veterans as well as their widows to regain their independence. These modifications may be the difference which keeps them in their own home and out of nursing facilities. VOLUNTEER INVOLVEMENT 362 volunteers worked approximately 3,212 Total Hours for an IN-KIND DONATION value of 96,211 for year 2024.

Program 3
Expenses: $11,611

WINGS OF VALOR This program helps provide reliable transportation to disabled Veterans. We also have a wheelchair accessible van. By appointment we also take disabled Veterans to and from essential...

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WINGS OF VALOR This program helps provide reliable transportation to disabled Veterans. We also have a wheelchair accessible van. By appointment we also take disabled Veterans to and from essential appointments. Both private and public transportation needs are addressed to assist the veteran maintain a healthy, active, and mobile lifestyle. VOLUNTEER INVOLVEMENT 78 volunteers worked approximately 688 Total Hours for an IN-KIND DONATION of 20,616 for year 2024.

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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 $523,435
Program Service Revenue $0
Investment Income $41,559
Other Revenue $23,870
TOTAL REVENUE $588,864

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $23,636
Program Expenses $415,802
Other Expenses $495,797
TOTAL EXPENSES $495,797

Year-over-Year Comparison

2024 2023 Change
Revenue $588,864 $368,045 +0.6%
Expenses $495,797 $366,442 +0.4%
Net Income $93,067 $1,603 +57.1%
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
8
Independent Members
5
Employees
N/A
Volunteers
N/A

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
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL SCOT RHODA CEO 050.00
Officer Director
$0 $0 $0
CARRIE TILLEY CHAIRPERSON 008.00
Director
$0 $0 $0
CATHYT THOMAS VICE CHAIRPERSON 008.00
Director
$0 $0 $0
JAMES FRETWELL COO 030.00
Officer Director
$0 $0 $0
BRANDY HUGHES CFO/CCO 020.00
Director
$0 $0 $0
LIZ MYERS DIR OF FUNDRAISING 015.00
Officer Director
$0 $0 $0
DAVE YANCEY DIR OF TRANSPORTATION 015.00
Director
$0 $0 $0
ANNETTE TIBBS BOARD MEMBER 015.00
Director
$0 $0 $0
AJ THOMPSON BOARD MEMBER 015.00
Director
$0 $0 $0
MILTON SMITH BOARD MEMBER 015.00
Director
$0 $0 $0
FRANK SOBOCHAN BOARD MEMBER 015.00
Director
$0 $0 $0
TIM SOPKOVICH BOARD MEMBER 015.00
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
2025 No data No data No data No data
2024 $588,864 $495,797 $268,585 $93,067
2022 $250,834 $267,511 $210,571 $-16,677
2021 $221,215 $171,132 $80,175 $50,083
2020 $163,924 $184,132 $52,900 $-20,208
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