Salem Y Veterans Housing

Nonprofit profile at a glance

EIN
851087665
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Salem, OR, USA
Phone
5033038847
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing, Shelter N.E.C.

Reported finances

Revenue
$1,347,939
Expenses
$607,636
Assets
$8,131,394
Liabilities
$42,413

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

Leadership & pay

13 people listed

Executive titles in this filing

  • AJ KLAUSEN (PRESIDENT)
  • ANDREW HOLBERT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ANDREW HOLBERT (EXECUTIVE DIRECTOR): $88,905 total reported compensation

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

Overview

Mission

Through a commitment to dignity, respect, and community, we strive to create a haven where veterans can thrive. Our comprehensive wrap-around support services aim to address the unique needs of our heroes, fostering independence, wellness, and a sense of belonging.

What it reported doing in 2024

Building construction was delayed due to one electrical component until early spring. April 1 2024 we opened our doors and veterans began moving in. In august of 2024 we achieved full occupancy of our 34-unit complex, serving low-income veterans and expanding our reach to veterans across marion and polk counties. Our peer support specialist and resource navigator provided over 1,100 hours of direct peer support and assistance connecting veterans to va benefits, employment, education, and healthcare resources. Through our shuttle program, residents completed more than 75 medical trips and 89 shopping trips. We organized 12 financial education classes, facilitated 6 new job placements, and distributed food boxes and holiday meals in partnership with marion-polk food share and local church pantries. In addition, courtney place held veteran outings with vfw post 661 and american legion partners to foster camaraderie and belonging. Through our partnership with the family ymca of marion & polk counties, residents received free ymca memberships and access to evidence-based health programs such as livestrong, pedaling for parkinson's, and the diabetes prevention program. These efforts collectively advanced our mission of supporting veterans' housing stability, well-being, and independence while building a stronger, healthier veteran community.

Operating model

Revenue model
Grant-funded. 79% 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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.9%; rating input score 39
  • Program expense ratio: 85.6%; rating input score 86
  • Fundraising efficiency: $99.04 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 54.9%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 13.38; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 9% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 19.6% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 46.6% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 38.9% of revenue deployed · 85.6% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $520K in reported program spending
  • Leadership: top reported pay $89K · 13 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 2 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.

Key Signals

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

  • Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Review — Sustainability: Officer compensation ratio scored 59/100.