U.S.vets
Legal name: United States Veterans Initiative
Overview
Mission
To prevent and end veteran homelessness.
What it reported doing in 2024
Low demandthis program is one of the models within the overarching veterans in progress transitional housing program. The low demand program assists homeless veterans, primarily chronically homeless veterans, who suffer from mental-health or substance-use problems, or who struggle with maintaining sobriety; and veterans with multiple treatment failures that may have never received treatment services or may have been unsuccessful in traditional housing programs. These veterans may have not yet fully committed to sobriety and treatment. Low-demand housing is a program design using a low-demand/harm-reduction model to better accommodate chronically homeless veterans, and veterans who were unsuccessful in traditional treatment settings. Programming does not require sobriety or compliance with mental health treatment as a condition of admission or continued stay. Overall, demands are kept to a minimum; however, services are available as needed. The goal is to establish permanent housing in the community, while providing for the safety of staff and residents. This program is operated in Washington, d.c., houston, phoenix, prescott, las vegas, long beach, inglewood, and barber's point.clinical treatmentthis program is one of the models within the overarching veterans in progress transitional housing program. The clinical treatment program assists homeless veterans with a specific diagnosis related to a substance-use disorder and/or mental-health diagnosis. Clinically focused treatment is provided in conjunction with services effective in helping homeless veterans secure permanent housing and increase income through benefits and/or employment. This program is operated in Washington, d.c., houston, phoenix, prescott, las vegas, long beach, inglewood, and barber's point.bridge housingthis program is one of the models within the overarching veterans in progress transitional housing program. The bridge housing program assists homeless veterans that have been offered and accepted a permanent housing intervention but are not able to immediately enter the permanent housing. Bridge housing is intended to be a short-term stay in transitional housing for veterans with pre-identified permanent housing destinations. Often veterans are pending or controlled in another program that assists with bridging veterans to permanent housing such as supportive services for veterans families (ssvf), department of housing and urban development-va supportive housing (hud--v ash), and housing coalition/continuum of care (coc). This program is operated in Washington, d.c., houston, phoenix, prescott, las vegas, long beach, inglewood, and barber's point. In addition, long beach has a program specifically for bridge housing for women.workforce programu.s.vets provides employment placement services to expedite the reintegration of homeless and at-risk veterans into the workforce by eliminating significant employment barriers, securing training and employment opportunities and providing the tools that will help ensure job retention. These services are provided in inglewood, long beach, inland empire, las vegas, houston, prescott, phoenix, Hawaii, and Washington, d.c.champs (chronically homeless aspiring for maintenance program)this permanent supportive housing program provides rental assistance subsidies and supportive services including outreach, case management, sobriety support (if applicable), life skills, and participation in therapeutic groups (if applicable) for homeless veterans who qualify as chronically homeless and have a medically-certified disability. The goals of this program are housing retention, increased income and benefits and increased self-determination. This program is operated in las vegas, Hawaii, long beach, and houston.emergency beds/safe haventhis program provides emergency and temporary housing to homeless veterans, primarily those receiving veterans administration ("va") health care services and residing in safe haven, respite, or emerge
Operating model
- Revenue model
- Grant-funded. 81% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 954382752
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Headquarters
- Los Angeles, CA, US
- Phone
- (877) 548-7838
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Personal Social Services
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 88
- Accountability: 96
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.7%; rating input score 90
- Program expense ratio: 85.2%; rating input score 85
- Fundraising efficiency: $43.32 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 94.1%; rating input score 94; 43rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.1%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.51; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 9.1% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 12.1% per year; rating input score 100; 78th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 19 operating locations identified
- Where the money goes: 89.7% of revenue deployed · 85.2% of spending went to programs
- Governance: 16 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $92.2M in reported program spending
- Leadership: top reported pay $400K · 33 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.2M reported
- Consistency: 39 of 39 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 annual filings from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Leadership & pay
33 people listed
Highest reported compensation
- STEPHEN PECK (PRESIDENT & CEO (THRU 1/25)): $400,437 total reported compensation
- DARRYL J VINCENT (PRESIDENT & CEO): $369,879 total reported compensation
- DANIEL WARZENSKI (CHIEF FINANCIAL OFFICER): $294,869 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.