St Michael's Veterans Center Inc

What it reported doing in 2024

St. Michael's veterans center is a valued living community with an average of 90 percent of residents choosing st. Michael's as their home from year-to-year. In 2024, 130 veterans lived on the smvc campus and 100 percent maintained permanent housing. In 2024, 55 percent of smvc veterans worked one-on-one with social services to address personal goals around income and benefits, well-being, substance use, mental health, eviction prevention, socialization, legal, and transportation. 73 percent of their goals were met during 2024.(continued on schedule o)smvc provided social services to 92% (120) of smvc veterans including the following:- 88% used the food pantry - 88% enjoyed the coffee, community meals, and social activities - 83% used the dignity pantry - 79% received holiday and 100% birthday gifts- 34% participated in educational programs and field trips - 35% received household items - 44% completed tax returns / rent rebate returns - 21% created legal documents (wills, powers of attorney) this high level of stability is achieved because on-site professional services are designed to improve the quality of life and well-being of veterans along with housing permanency.smvc veterans note that for the first time they are part of a community that cares about them and their well-being. They feel safe. They connect with others that have had a shared experience. We believe that having a home and being a part of a community is essential for the dignity of each individual and collectively for the vibrancy and long-term sustainability of our city. And we all deserve to live with dignity. We've witnessed many lives that have changed because a veteran has a place to call home and a strong, supportive community. This impact is exemplified by frank's story. Frank is vietnam veteran who not only found a home and refuge at smvc, but also a way to give back. "st. Michael's saved my life," frank says. "i was isolated before. Here i have people to talk to and activities to get involved with. I love to help out. It makes me feel like i'm needed and part of something."

Financial Efficiency

• Mission deployment rate: 67.9%; rating input score 68
• Program expense ratio: 83.7%; rating input score 84
• Fundraising efficiency: $9.56 raised per $1 spent on fundraising; rating input score 36; 36th 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: 100%; rating input score 100; 76th percentile among comparable filings
• 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: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • 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: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 18.9%; rating input score 75; 75th percentile among comparable filings
• Total-asset coverage ratio: 5.24; rating input score 85; 85th percentile among comparable filings
• Liabilities to assets ratio: 0.09; rating input score 44; 44th percentile among comparable filings
• Officer compensation ratio: 22.6%; rating input score 12; 12th percentile among comparable filings

Growth

• Program expense growth: 10.3% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 12.1% per year; rating input score 100; 72nd percentile among comparable filings
• Asset growth: 20.3% per year; rating input score 100; 82nd percentile among comparable filings