Housing & Shelter
(L21)
IRS Verified
DX Registered
990 on File
VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC
Financial strength (30%)
85/100
Reliability (20%)
55/100
Effectiveness (25%)
85/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
VietAid Scholarly Program for Youth’s Mission: Our mission is to provide affordable, high-quality out-of-school time programming for local underserved youth—especially those from Boston’s Vietnamese community—that fosters a sense of belonging and independence while encouraging them to pursue their dreams through a combination of experiential learning, family involvement, educational support and community engagement within a safe and caring environment.
Financial Overview — FY 2024
$2.0M
Total Revenue
$1.9M
Total Expenses
$3.4M
Net Assets
25
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
76.1%
Fundraising Efficiency
0.0%
Operating Reserve
22.18x
Liability-to-Asset
58.2%
Revenue Diversification
77.5%
Executive Compensation
$134K
Compared with Peers
FY 2024
Compared with 2,572 similar organizations
(United States, Housing & Shelter, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.1% | 87.2% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.9% | 10.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 236.3% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
22.2 mo | 12.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
58.2% | 39.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
77.5% | 89.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-14.9% | 6.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-29.5% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
8.8% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.0M | $1.9M | $3.4M | 76.1% | 25 |
| 2023 | $2.4M | $2.6M | $3.3M | 76.9% | 33 |
| 2022 | $1.9M | $2.1M | $3.5M | 77.6% | 28 |
| 2021 | $2.9M | $2.5M | N/A | — | 34 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.