Civic Intelligence

Vets Returning Home Inc.

990 • Fiscal year 2020 • EIN 46-3272647

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 16, 2021

PO Box 338Roseville, MI 48066

(586) 285-5606

Siviq Scores

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

Liabilities / Assets

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.13x

Higher debt load relative to revenue than 62% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

55th percentile

8.8%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$5,833

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

67th percentile

18%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

6.8%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$138,580

Up $21,497 (+18%) from 2019

Net Assets

Up

$64,693

Up $48,604 (+302%) from 2019

Liabilities

Down

$73,887

Down $27,107 (-27%) from 2019

Revenue

Up

$550,549

Up $35,087 (+6.8%) from 2019

Expenses

Up

$501,945

Up $30,369 (+6.4%) from 2019

Net Income

Up

$48,604

Up $4,718 (+11%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2015: $292,574Liabilities 2015: $342,595Net Assets 2015: -$50,0212015Assets 2016: $292,366Liabilities 2016: $0Net Assets 2016: $292,3662016Assets 2017: $292,366Liabilities 2017: $0Net Assets 2017: $292,3662017Assets 2018: $303,422Liabilities 2018: $0Net Assets 2018: $303,4222018Assets 2019: $117,083Liabilities 2019: $100,994Net Assets 2019: $16,0892019Assets 2020: $138,580Liabilities 2020: $73,887Net Assets 2020: $64,6932020Assets 2021: $201,124Liabilities 2021: $38,236Net Assets 2021: $162,8882021Assets 2022: $419,438Liabilities 2022: $10,758Net Assets 2022: $408,6802022Assets 2023: $1,490,697Liabilities 2023: $993,637Net Assets 2023: $497,0602023Assets 2024: $1,322,156Liabilities 2024: $931,442Net Assets 2024: $390,7142024Assets 2025: $1,279,376Liabilities 2025: $847,591Net Assets 2025: $431,7852025

Highlighted filing

2020

Assets$138,580
Liabilities$73,887
Net Assets$64,693

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $376,968Expenses 2015: $304,880Net Income 2015: $72,0882015Revenue 2016: $602,393Expenses 2016: $575,978Net Income 2016: $26,4152016Revenue 2017: $602,393Expenses 2017: $575,978Net Income 2017: $26,4152017Revenue 2018: $464,554Expenses 2018: $442,998Net Income 2018: $21,5562018Revenue 2019: $515,462Expenses 2019: $471,576Net Income 2019: $43,8862019Revenue 2020: $550,549Expenses 2020: $501,945Net Income 2020: $48,6042020Revenue 2021: $529,249Expenses 2021: $431,054Net Income 2021: $98,1952021Revenue 2022: $768,660Expenses 2022: $521,708Net Income 2022: $246,9522022Revenue 2023: $645,666Expenses 2023: $552,577Net Income 2023: $93,0892023Revenue 2024: $522,435Expenses 2024: $665,760Net Income 2024: -$143,3252024Revenue 2025: $606,837Expenses 2025: $627,088Net Income 2025: -$20,2512025

Highlighted filing

2020

Revenue$550,549
Expenses$501,945
Net Income$48,604
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 16, 2021
Return Version
2019v5.1
Gross Receipts
$576,642
Mission and Program Overview

Mission

Veterans services in the form of referrals and other assistance while providing transitional housing to those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$34,488$65,941▲ $31,453
Land, Buildings, and Equipment, Net$79,595$65,379▼ $14,216
Loans From Officers Directors$93,908$8,900▼ $85,008
Prepaid Expenses and Deferred Charges-$4,260-
Inventories for Sale or Use$3,000$3,000→ $0
Total Assets$117,083$138,580▲ $21,497
Liabilities
Deferred Revenue-$56,200-
Accounts Payable and Accrued Expenses$7,086$8,787▲ $1,701
Total Liabilities$100,994$73,887▼ $27,107
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,089$64,693▲ $48,604
Total Net Assets Fund Balance$16,089$64,693▲ $48,604
Total Liabilities and Net Assets / Fund Balance$117,083$138,580▲ $21,497

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,013$60,723$68,736
Other Land Buildings$33,231$28,973$62,204
Leasehold Improvements$12,135$7,265$19,400
Land$12,000-$12,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Arthur LedlieChairmanPT$5,833$5,833

Board Members and Trustees

NameTitle
Sandra K BowerPresident
Gerald EtueTrustee
Lenny MarminoTrustee
Rhonda BrownTrustee
Roula KappasTrustee
Sharyl SalvatoreSecretary
Kathy CastilloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$465,435
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$85,114
All Other Contributions
$453,085
Change in Net Assets
$48,604

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$30,606Fair Market Value (FMV)
Cars and Other Vehicles9$27,292Fair Market Value (FMV)
Other Non Cash Contri Table-$18,000Fair Market Value (FMV)
Total Noncash Contributions9$75,898-

Audited Revenue Reconciliation

Revenue per Audited Statements
$550,549
Revenue Not Reported on Form 990
$26,093
Total Revenue per Audited Statements
$576,642
Total Revenue per Form 990
$550,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$325,193
Grants and Similar Amounts Paid$137,905
Salaries, Compensation, and Employee Benefits$38,847
Total Fundraising Expense$32,336
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$202,695$10,782$2,156$215,633
Grants to Domestic Orgs$75,898--$75,898
Grants to Domestic Individuals$62,007--$62,007
Other Salaries and Wages$10,680$14,952$9,968$35,600
Conferences and Meetings$11,095$12,759$3,883$27,737
Depreciation Depletion$13,460$1,238$774$15,472
Office Expenses$6,822$2,823$4,113$13,758
Advertising$2,607$2,607$7,320$12,534
Fees for Services Other$9,970$578$1,108$11,656
Fees for Services Accounting-$10,500-$10,500
Other Expenses$8,463$1,666$2,105$8,463
Payroll Taxes$974$1,364$909$3,247
Interest$61--$61
Total Functional Expenses$410,292$59,317$32,336$501,945

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$528,039
Expenses per Audited Statements$501,945
Total Expenses per Form 990$501,945
Expenses Not Reported on Form 990$26,094
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$107,207
Fundraising Direct Expenses$26,093
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$107,207$107,207$26,093$81,114
Total Events$107,207$107,207$26,093$81,114
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$93,908$8,900▼ $85,008
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11A

A policy is currently being drafted.

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

A policy is currently being drafted.

Filing and Contact Details

Filer

Filer Name
Vets Returning Home Inc
EIN
46-3272647
Phone
5862855606
Address
PO BOX 338, ROSEVILLE, MI 48066

Signing Officer

Name
Sandra Bower
Title
President
Signed
2021-02-16
Discuss with paid preparer
No

Organization Details

Principal Officer
Sandra K Bower
Formed
2013
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
7
Employees
3

Preparer

Firm
Ats Advisors a CPA Firm
Address
875 SOUTH MAIN STREET, PLYMOUTH, MI 48170
Preparer
Shane L Randell CPA
Phone
7344544100
Supplemental Narrative

Financial Statement Notes

XI 2D

Direct expenses from fundraising netted against revenue on part i line 12.

XII 2D

Direct expenses from fundraising not reported as expenses on part i line 18.

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IRS990/ReconcilationRevenueExpnssAmt048604
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II Section B Line 11 SBA GRANT.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0525949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0511731
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01610322
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99750
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01610322
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0572642
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0525949
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0511731
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01610322
IRS990ScheduleA/TotalSupportAmt01614322
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt08013
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060723
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068736
IRS990ScheduleD/ExpensesNotReportedAmt026094
IRS990ScheduleD/ExpensesSubtotalAmt0501945
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt012000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012135
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07265
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt019400
IRS990ScheduleD/OtherExpensesIncludedAmt026094
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028973
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt062204
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherRevenueAmt026093
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt026093
IRS990ScheduleD/RevenueSubtotalAmt0550549
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT EXPENSES FROM FUNDRAISING NETTED AGAINST REVENUE ON PART I LINE 12.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT EXPENSES FROM FUNDRAISING NOT REPORTED AS EXPENSES ON PART I LINE 18.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XII 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt0501945
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0VETERAN ASSISTANCE
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SANDRA K BOWER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRINCIPAL
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IRS990ScheduleL/TotalBalanceDueAmt094158
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/CarsAndOtherVehiclesGrp/ContributionCnt09
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IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0USE OF FACILITIES
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A POLICY IS CURRENTLY BEING DRAFTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A POLICY IS CURRENTLY BEING DRAFTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12A
IRS990/SchoolOperatingInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0465435
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032336

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