Veterans Village of San Diego Financials
VVSD has an annual budget of over $9 million, devoted exclusively to meeting veterans’ needs for mental health rehabilitation, substance abuse recovery, employment assistance, life skills training and other services. Some 50 different funding streams support our operations and programs.
The bulk of the money comes to VVSD in the form of government grants with strict spending criteria and stringent accounting requirements. VVSD’s top three funding sources are:
- U.S. Department of Veterans Affairs
- U.S. Department of Labor
- U.S. Department of Housing and Urban Development
The VA covers 44 percent of VVSD’s programming costs, but a critical portion of our budget comes from donations made by companies, foundations and individuals like you. We must raise about four percent of our budget, or $400,000 from private donations each year, to pay for programs such as Stand Down and Veterans Winter Shelter. VVSD spends its money on four categories of services:
- Rehabilitation and rehabilitation
- Transitional housing
- Employment and training services
- Prevention and outreach
VVSD is committed to financial accountability and transparency. VVSD’s 990 FY 15-16
Every year, we hire an outside firm to conduct a comprehensive audit to ensure funds are spent properly. In the past four years, all the audits have come back with zero findings of problems.
Like nonprofits throughout the nation, VVSD has been affected by the recession. But because of prudent financial management, we have so far averted layoffs. To maintain services for the long-term, VVSD is working to raise more private funds to cover shortfalls.
As a nonprofit, VVSD consistently practices frugality. To save money, we aggressively pursue discounts, conduct price comparisons and solicit multiple bids for projects.
Are my donations tax-deductible?
Yes, because VVSD is a 501c3 nonprofit, donors are entitled to receive tax deductions.
Why donate to VVSD?
VVSD is a nationally-recognized leader in providing social services to veterans. Founded in 1981, it has a track record of success and innovation. VVSD pioneered Stand Down and Homeless Court which have been replicated nationwide. Donations are vital to the success of Stand Down, Women Veterans and Families programs, Post 9/11 Veterans programs and the Veterans Winter Shelter.
How does VVSD spend its funding?
VVSD spends 44 percent of its budget on rehabilitation and rehabilitation, 21 percent on transitional housing, 18 percent on employment and training services and 17 percent on prevention and outreach.
How big is the need?
The needs routinely exceed the resources at our disposal. San Diego County is home to 234,950 veterans. According to the VA, at least 2,000 are living on the streets. Another estimate put the number of homeless veterans in the county at 3,000. Surveys have found that veterans make up 25 to 35 percent of the homeless in the region. A majority of homeless veterans battle addictions and mental illnesses that require ongoing support. But it’s not just homeless veterans who utilize VVSD’s services, active-duty personnel and veterans of varying needs seek out our programs.
If VVSD receives millions in grants each year, why does it need private donations?
Grants from government agencies DO NOT cover the full costs of our operations. Stand Down and the Veterans Winter Shelter not funded by grants. Private donations are also needed to fund Women Veterans, Families and Post 9/11 Veterans programs.
How financially accountable is VVSD?
VVSD’s finances undergo a comprehensive audit each year by an outside firm. The firm sends in a team of auditors who spends a few weeks scouring our books. In each of the past four years, our audits have come back clean. In addition to the comprehensive annual audit, VVSD is also periodically audited by government agencies on how it spends grant money.
Veterans Village of San Diego connects with America’s veterans to overcome their homelessness and related challenges, creating lives of dignity and fulfillment.