Veteran Empowerment Neighborhoods

Nonprofit profile at a glance

EIN
452452362
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2017
Location
Ann Arbor, MI, USA
Phone
4197875340
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeless Centers

Reported finances

Revenue
$52,343
Expenses
$46,284
Assets
$589,806
Liabilities
$302,517

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

Leadership & pay

6 people listed

Executive titles in this filing

  • CASIRMIRO CROCKETT (PRESIDENT)

Highest reported compensation

  • KIMBERLY DOBSON (EXECUTIVE DI): $4,680 total reported compensation

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

Overview

Mission

Ven was created to improve the quality of life for veteran families with restricted incomes that would otherwise be forgotten about and or left out. Our target population is veteran focus, and the immediate family members of active duty military service men and women. Our mission is to help build stronger, healthier, vibrant communities in our service area. We firmly believe that decent housing is a precondition of individual, family and community wellbeing we believe that it is our social responsibility to efficiently and effectively assist those individuals who severed our country and help all families to live in dignity in a healthy, safe and decent environment

What it reported doing in 2024

1. The following properties are being renovated to be sold to a veteran family at a greatly reduced price: 19013 vaughn street in detroit Michigan. 2. Provided toys and gift boxes to several children of veteran families for christmas. 3. Wrote home improvement grants and completed home renovations for seniors and veterans as follows: 4. Provided assistance in handing out food to hundreds of people.

Operating model

Revenue model
Earned-program. 100% 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. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 54
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.4%; rating input score 88
  • Program expense ratio: 100%; rating input score 100
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 11.6%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 12.74; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 10.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -68.4% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: 15.6% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 26.8% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 88.4% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $46K in reported program spending
  • Leadership: top reported pay $5K · 6 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.