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Filing year 2023

VETERANS INC

Worcester, Massachusetts·EIN 04-3098024·NTEE S20Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$26.2M
Total assets
$29.5M
Total expenses
$23.5M
Reported officers
12
Mission

VETERANS INC.'S MISSION IS TO END HOMELESSNESS AMONG VETERANS BY HELPING VETERANS REGAIN CONTROL OF THEIR LIVES. WE BELIEVE THAT ALL VETERANS HAVE EARNED RESPECT AND GRATITUDE FROM OUR NATION. THIS BELIEF IS TRANSLATED INTO THE PHILOSOPHY THAT UNDERLIES ALL OF OUR WORK. "THEY WERE THERE WHEN WE NEEDED THEM. WE MUST BE THERE NOW THAT THEY NEED US." AT VETERANS INC. WE AIM TO REMAIN A LEADING PROVIDER OF SERVICES FOR VETERANS AND THEIR FAMILIES BY PROVIDING THE HIGHEST QUALITY SERVICES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

President & CEO
75th to 90th percentilevs Community Improvement & Capacity Building peers in Massachusetts
$266k
$297k
Base
$262k
Bonus
Other
Benefits
$2k
VP & Exec. Director
Vice President
Above 90th percentile
$258k
$288k
Base
$245k
Bonus
Other
Benefits
$11k
Sr. VP Finance, Dev & Admin
Board Vice President
75th to 90th percentile
$244k
$272k
Base
$210k
Bonus
Other
Benefits
$32k
Asst. VP of Admin. & Employee Relations
Board Vice President
25th percentile to median
$158k
$176k
Base
$153k
Bonus
Other
Benefits
$2k
Dir. of Special Proj. & Operations
Highest Compensated Employee
10th to 25th percentilevs Community Improvement & Capacity Building peers in Massachusetts
$105k
$117k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at VETERANS INC equaled 1% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
1%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Climbed 12%
over 2 years

From $237k in 2021 to $266k in 2023.

$237k
2021
$282k
2022
$266k
2023
In today's dollarsEst.
Up 1% in real terms$293k to $297k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 12% from 2021 to 2023, while revenue rose 20%.

$237k in 2021 to $266k in 2023.
  • Vice President pay rose 18% from 2021 to 2023.
  • Board Vice President pay rose 11% from 2021 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about VETERANS INC

What does the Chief Executive Officer of VETERANS INC earn?

In 2023, the Chief Executive Officer of VETERANS INC received $266,181 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Massachusetts, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at VETERANS INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Massachusetts, the 2023 pay of the Chief Executive Officer at VETERANS INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at VETERANS INC equaled 1% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are VETERANS INC's revenue and expenses?

In 2023, VETERANS INC reported $26.2M in total revenue and $23.5M in total expenses on its IRS Form 990.

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