JOSEPH AND SARAH CARING FOR VETS INC
Mission Statement
Our mission is to provide transitional housing and social skill services for homeless veterans that are located in the metro Atlanta area. In an effort to aid in ending homelessness among our veterans, we strive to assist fellow veterans in obtaining permanent housing, to find and maintain jobs, improve daily living skills, develop and utilize budgeting skills, employment and life skills training. We intend to extend a helping hand and give assistance and direction to veterans who are addressing the challenges of homelessness, dealing with substance abuse, medical illness, cognitive impairment, unemployment or other life skills needs.
Financial Overview — FY 2022
Compared with Peers
FY 2022| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.7% | 84.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.0% | 7.9% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
25.5 mo | 17.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
87.9% | 100.0% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-61.0% | -1.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-6.2% | 6.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-56.9% | 11.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2022 | $22K | $34K | $73K | 87.7% | 0 |
| 2021 | $56K | $37K | N/A | — | 0 |
| 2020 | $62K | $23K | $78K | 92.0% | 0 |
| 2019 | $68K | $42K | N/A | — | 0 |
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