Project Saving Veterans from Exigency Inc
Nonprofit profile at a glance
- EIN
- 852497338
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Brooklyn, NY, USA
- Phone
- 9296992953
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $1,655,201
- Expenses
- $814,307
- Assets
- $844,071
- Liabilities
- $18,500
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- PATRICK HENRY (CEO)
- MIGNON CARPENTER (PRESIDENT)
- ERICA CARIS (VICE PRESIDENT)
People named in this filing
- PATRICK HENRY (CEO)
- DONETT GREEN-FINDLAY (EXECUTIVE VP)
- MIGNON CARPENTER (PRESIDENT)
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
To provide assistance to all veterans who are experiencing mental health challenges, depression matters, and injury issues with different helpful programs. Programs can include housing, housing referrals, social services, and more.
What it reported doing in 2024
The organization provides assistance to all veterans that faces mental health challenges and injuries with different helpful programs, which includes housing, social services, and more. The organization uses funds from nyc to fund these programs, and pay their employees.
Operating model
- Revenue model
- Grant-funded. 99% of the money available for current operations came from government grants.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 92
- Accountability: 30
- Sustainability: 73
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.6%; rating input score 45
- Program expense ratio: 90.7%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 50.8%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 1.04; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 44.6% of revenue deployed · 90.7% of spending went to programs
- Governance: 0 of 9 board members independent · 5 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $739K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.