| Entity | Document Type | Tax ID |
|---|---|---|
| Veterans Community Project | IRS Form 990 | 47-4960735 |
| Veterans Community Project | Audited Financial Statements | 47-4960735 |
|
Entity: Veterans Community Project Document Type: IRS Form 990 Tax ID: 47-4960735 |
|
Entity: Veterans Community Project Document Type: Audited Financial Statements Tax ID: 47-4960735 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Bryan Meyer | President of the Corporation | $168,104 |
| 2 | Vanessa Vangoethem-Piela | Chief Development Officer | $154,742 |
| 3 | Jason Kander | President of National Expansion | $141,958 |
|
1 Name: Bryan Meyer Title: President of the Corporation Compensation: $168,104 |
|
2 Name: Vanessa Vangoethem-Piela Title: Chief Development Officer Compensation: $154,742 |
|
3 Name: Jason Kander Title: President of National Expansion Compensation: $141,958 |
According to the Veterans Community Project (VCP) audit of December 31, 2021 (Note 6, Contributed Nonfinancial Assets), VCP received in-kind contributions in 2021 on which it placed a total value of $3,082,968. Of this amount, $2,640,400 is reported as "Property and equipment". (The VCP 2021 tax filing describes $2,539,599 of in-kind contributions as "Housing" (IRS Form 990, Schedule M).) [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Veterans Community Project (VCP) 2021 tax filing, VCP reports re: Transactions With Interested Persons (IRS Form 990, Schedule L, Part II) a loan from the organization to Bryan Meyer, "Officer". The "Original principal amount" of the loan is reported as $44,600; the "Balance due" is $37,311, as of 12/31/2021. The "Purpose of the loan" is reported as "Support"; there is a written agreement for the loan, it is not in default, and it was "Approved by board or committee." [Bryan Meyer is also reported as "President of the Corporation", according to Form 990, Part VII.] |
According to the Veterans Community Project audit of December 31, 2021 (Note 7, Commitments): "The Organization has entered into various commitments to construct VCP Villages in Longmont, Colorado; St. Louis, Missouri; Oklahoma City, Oklahoma; and Sioux Falls, South Dakota. The aggregate amount of these contracts was approximately $5,230,000 as of the date of the independent auditor's report [June 1, 2023]." |
According to the Veterans Community Project (VCP) audited Statement of Cash Flows for the year ended December 31, 2020, VCP reports $260,800 in "Proceeds from PPP [Paycheck Protection Program] loan." (There is $0 reported for PPP loan activity in 2021, per the audited Statement of Cash Flows for the year ended December 31, 2021.) The Paycheck Protection Program (PPP) was established under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) and allowed for qualifying organizations to apply for a potentially forgivable loan. Under the terms of the PPP, loan proceeds may be forgiven in full if, among other requirements, the proceeds are used for eligible purposes, including payroll, benefits, rent, and utilities. Consistent with the Veterans Community Project 2021 audit reporting, the ProPublica "Tracking PPP" online database reports that VCP received a PPP loan in the amount of $260,800 that was approved on April 5, 2020 and forgiven as of November 12, 2020. |