Civic Intelligence

Project Veterans Pride

990 • Fiscal year 2021 • EIN 36-4706077

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 25, 2022

3039 W Peoria Ave Ste 102-487Phoenix, AZ 85029

(602) 694-7598

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.62x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

1.43x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

12th percentile

-19%

Higher net margin than 12% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

59th percentile

$24,226

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

13th percentile

-8.0%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-37%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$814,867

Down $71,316 (-8.0%) from 2020

Net Assets

Down

$310,823

Down $68,174 (-18%) from 2020

Liabilities

Down

$504,044

Down $3,142 (-0.6%) from 2020

Revenue

Down

$353,042

Down $206,173 (-37%) from 2020

Expenses

Down

$421,216

Down $159,140 (-27%) from 2020

Net Income

Down

-$68,174

Down $47,033 (-222%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2015: $24,096Liabilities 2015: $0Net Assets 2015: $24,0962015Assets 2017: $529,175Liabilities 2017: $252,596Net Assets 2017: $276,5792017Assets 2018: $905,087Liabilities 2018: $536,688Net Assets 2018: $368,3992018Assets 2019: $914,570Liabilities 2019: $513,831Net Assets 2019: $400,7392019Assets 2020: $886,183Liabilities 2020: $507,186Net Assets 2020: $378,9972020Assets 2021: $814,867Liabilities 2021: $504,044Net Assets 2021: $310,8232021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2021

Assets$814,867
Liabilities$504,044
Net Assets$310,823

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $243,534Expenses 2015: $232,134Net Income 2015: $11,4002015Revenue 2017: $376,595Expenses 2017: $400,477Net Income 2017: -$23,8822017Revenue 2018: $652,260Expenses 2018: $411,553Net Income 2018: $240,7072018Revenue 2019: $459,558Expenses 2019: $427,218Net Income 2019: $32,3402019Revenue 2020: $559,215Expenses 2020: $580,356Net Income 2020: -$21,1412020Revenue 2021: $353,042Expenses 2021: $421,216Net Income 2021: -$68,1742021Revenue 2022: -$153,561Expenses 2022: $157,262Net Income 2022: -$310,8232022

Highlighted filing

2021

Revenue$353,042
Expenses$421,216
Net Income-$68,174
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 25, 2022
Return Version
2021v4.2
Gross Receipts
$353,042
Mission and Program Overview

Mission

Our mission is to have every homeless veteran gain back their pride and dignity so that they can return to society as a self-sufficient and productive member once again. To accomplish our mission, we provide male homeless veterans 90 days of transitional housing at the james walton home in phoenix, arizona.

Our mission is to have every homeless veteran gain back their pride and dignity so that they can return to society as a self-sufficient and productive member once again.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$851,994$805,515▼ $46,479
Cash and Non-Interest-Bearing Accounts$31,535$7,145▼ $24,390
Total Assets$886,183$814,867▼ $71,316
Other Assets Total$2,654$2,207▼ $447
Liabilities
Mortgage Notes Payable Secured by Investment Property$507,186$504,044▼ $3,142
Total Liabilities$507,186$504,044▼ $3,142
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$378,997$310,823▼ $68,174
Total Net Assets Fund Balance$378,997$310,823▼ $68,174
Total Liabilities and Net Assets / Fund Balance$886,183$814,867▼ $71,316

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$731,629$64,984$796,613
Land$42,300-$42,300
Equipment$16,183$21,291$37,474
Other Land Buildings$15,403$2,592$17,995
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christeen VerchotPresidentFT$24,226$24,226

Board Members and Trustees

NameTitle
Shirley CoomerVice-president
Johnny WalkerDirector
David LinhartDirector Thru 05/01/2021
Kathleen WaltonDirector Thru 12/29/2021
Shelly GerardDirector Thru 12/29/2021
William HowarthSecretary
Nancy Lee KucharskiTreasurer From 12/29/2021
Janet SilvaTreasurer Thru 12/29/2021
Revenue and Support

Revenue Composition

Contributions and Grants
$353,042
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$48,442
Change in Net Assets
$-68,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,786
Salaries, Compensation, and Employee Benefits$197,975
Total Fundraising Expense$13,179
Grants and Similar Amounts Paid$12,455
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$124,615$23,365$7,789$155,769
Occupancy$97,909--$97,909
Interest-$37,607-$37,607
Depreciation Depletion$34,023--$34,023
Current Officers, Directors, Trustees, and Key Employees$19,381$2,423$2,422$24,226
Payroll Taxes$14,384$2,697$899$17,980
Grants to Domestic Orgs$12,455--$12,455
Office Expenses$2,790$3,835$349$6,974
Insurance$4,509$1,295$282$6,086
Information Technology$5,800--$5,800
Other Expenses$5,522--$5,522
Fees for Services Other$1,079$2,984$1,079$5,142
Travel$4,879--$4,879
Fees for Services Accounting-$3,365-$3,365
Fees for Services Legal-$2,500-$2,500
Advertising$359-$359$718
Total Functional Expenses$327,966$80,071$13,179$421,216
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Society of St Vincent de PaulPhx, AZ501c3Program Support-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The treasurer of the organization distributes a pdf copy of the 990 to all board members for review and comment prior to the return being filed.

Form 990, Part VI, Section B, Line 12C

At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.

Form 990, Part VI, Section B, Line 15

The board may hire and compensate individuals for necessary services rendered to the organization so long as such compensation is reasonable. The board shall determine reasonable compensation amounts based upon compensation paid by similarly situated nonprofits for like services. An individual who is a member of the board who receives compensation, directly or indirectly from the organization for services, is precluded from participating in discussions or votes pertaining to their own compensation.

Form 990, Part VI, Section C, Line 19

The organization will provide, in a timely manner, financial statements and governing documents including its conflict of interest policies when requested in writing or in person.

Filing and Contact Details

Filer

Filer Name
Project Veterans Pride
EIN
36-4706077
Phone
6026947598
Address
3039 W PEORIA AVE STE 102-487, PHOENIX, AZ 85029
Doing Business As
The James Walton Home

Signing Officer

Name
Christeen Verchot
Title
President
Phone
6026947598
Signed
2022-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christeen Verchot
Formed
2011
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
4
Employees
13
Volunteers
8

Preparer

Firm
Sechler Morgan Cpas Pllc
Address
2418 W BARROW DRIVE, CHANDLER, AZ 85224
Preparer
Kristina Morgan CPA
Phone
6022302700
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER FROM 12/29/2021
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR THRU 12/29/2021
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt021291
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER OF THE ORGANIZATION DISTRIBUTES A PDF COPY OF THE 990 TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD AND COMMITTEE MEETING, IF THERE IS A DISCUSSION OF SELECTING OR ENGAGING A VENDOR OR SERVICE PROVIDER, ALL IN ATTENDANCE ARE ASKED TO RECUSE THEMSELVES FROM THIS DISCUSSION IF THERE COULD BE A PERCEIVED CONFLICT. ANNUALLY, THE ORGANIZATION REVIEWS AND DISCUSSES THE CONFLICT OF INTEREST POLICY AND REQUESTS THAT EACH BOARD MEMBER LIST AND ACKNOWLEDGE ANY KNOWN CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MAY HIRE AND COMPENSATE INDIVIDUALS FOR NECESSARY SERVICES RENDERED TO THE ORGANIZATION SO LONG AS SUCH COMPENSATION IS REASONABLE. THE BOARD SHALL DETERMINE REASONABLE COMPENSATION AMOUNTS BASED UPON COMPENSATION PAID BY SIMILARLY SITUATED NONPROFITS FOR LIKE SERVICES. AN INDIVIDUAL WHO IS A MEMBER OF THE BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY FROM THE ORGANIZATION FOR SERVICES, IS PRECLUDED FROM PARTICIPATING IN DISCUSSIONS OR VOTES PERTAINING TO THEIR OWN COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE, IN A TIMELY MANNER, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICIES WHEN REQUESTED IN WRITING OR IN PERSON.
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTEEN VERCHOT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-25
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ReturnHeader/Filer/EIN0364706077
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