Patriot Services Group

Legal name: Patriot Services Group Inc

Nonprofit profile at a glance

EIN
264520112
IRS 990 coverage
2017–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Jacksonville, FL, United States
Phone
(866) 637-VETS (8387)
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Official website

Reported finances

Revenue
$57,253,936
Expenses
$68,839,419
Assets
$328,489,309
Liabilities
$394,700,400

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • CHERYL A LAU ESQ (BOARD CHAIR)
  • LIZ PEAK (VICE CHAIR)
  • SHANE CORMIER CPA MACC (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Patriot Services Group is a Housing First program providing an integrated approach to move people from homelessness to stable housing; it coordinates services (including for the chronically homeless) and connects veterans to local VA Teams, Veteran Service Organizations, and other community resources to provide employment, benefit claims, counseling, food, clothing, temporary housing, healthcare, and education benefits.

What it reported doing in 2024

Patriot housing initiative continued to provide affordable housing with a focus on helping homeless veterans and their families. Psg's multi-family portfolio consisted of "the cove at nola" which has 300 units and is located in new orleans, la; "the rubix" which has 236 units and is located in las vegas, nv; "timber oaks" which has 235 units and is located in ingleside, il; "prairie view" which has 334 units and is located in woodstock, il; the "West Virginia portfolio" which has a total of 840 units scattered throughout huntington and charleston, wv; the "Mississippi 1.0 portfolio" which has 668 units scattered throughout pascagoula, ms; the "se-Louisiana portfolio" which has 481 units scattered throughout new iberia, lafayette, new orleans, and baton rouge, la; the "Mississippi 2.0 portfolio" which has 196 units scattered throughout pascagoula, ms; the "fl-al" portfolio which has 453 units scattered throughout mobile, al and jacksonville, fl; "vesta derby oaks" which has 418 units located in louisville, ky; "patriots place apartments" which has 184 units located in berkeley county, South Carolina; and the "pine forest portfolio" which has 343 units located in houston, Texas.patriot supportive services initiative continued to provide free resources to low-income individuals and families as well as homeless veterans and their families. Services provided include food bank support, deposit/rent/utility relief, veteran-focused events, hurricane relief and emergency support, and other life-sustaining & promoting services.

Operating model

Revenue model
Earned-program. 74% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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 liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 95.1%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -20.2%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 4.77; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 1.2; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: 24.8% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 22.4% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 14% per year; rating input score 100; 84th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 95.1% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $65.5M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.