Skip to content
Charity Math
The 990 read · EIN 95-4382752 · CA · Fiscal year FY ending Jun 2025

United States Veterans Initiative

United States Veterans Initiative: CEO salary, finances and where donations go

In its own words

“The successful transition of military veterans and their families through the (see sch. O) provision of housing, counseling, career development and comprehensive support.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$381K Stephen Peck, 0.4% of spending
Revenue
$103.0M 94.4% from donations and grants
Spent
$108.2M 85.2% on programs, as reported
Net assets
$16.3M end of FY ending Jun 2025
Savings
1.8 months of spending, net assets ÷ spending
People
805 employees, 2,500 volunteers
Form 990 (FY ending Jun 2025), Parts I, VII, IX, X
01 · Red flags

No red flags in its latest filing.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.

02 · Where $1 goes · FY ending Jun 2025

Of each dollar it spent, 85.2¢ went to programs, as reported.

The split the charity filed.
85.2¢
Programs, $92.2M
2.1¢
Fundraising, $2.2M
12.8¢
Admin, $13.8M
Form 990 (FY ending Jun 2025), Part IX, line 25
Cost to raise $1
2¢
as reported

For each dollar donated, United States Veterans Initiative spent 2¢ on fundraising.

Fundraising ÷ $97.2M contributions · Form 990 Parts VIII, IX
03 · What it does

What it told the IRS it spent on.

The charity's own description of its largest programs, with what each cost.

Program 1 · 24.5% of program spending · $18K in grants $22.6M

Veterans in progress (vip) - transitional housing and supportive services for veterans experiencing homelessness within a therapeutic community environment with the goal of transitioning them to permanent housing as rapidly as appropriate. Vip offers clinical treatment, bridge housing, low demand, hospital to housing, and service intensive transitional housing models which also incorporate specialized services for veteran sub-populations to include the advance women's program.

Program 2 · 6.2% of program spending · $3.2M in grants $5.7M

Rapid re-housing - services and temporary housing and/or financial assistance to assists veterans and individuals in securing and maintaining stable housing.

Program 3 · 37.8% of program spending · $8.2M in grants $34.8M

Low demandthis program is one of the models within the overarching veterans in progress transitional housing program. The low demand program assists homeless veterans, primarily chronically homeless veterans, who suffer from mental-health or substance-use problems, or who struggle with maintaining sobriety; and veterans with multiple treatment failures that may have never received treatment services or may have been unsuccessful in traditional housing programs. These veterans may have not yet fully committed to sobriety and treatment. Low-demand housing is a program design using a…

Form 990 (FY ending Jun 2025), Part III
04 · The savings

Net assets: $8.7M to $16.3M in 11 years.

Net assets at each fiscal year end, 2013 to 2025.

Net assets at year end, $ millions
9
9
11
9
12
12
11
16
14
14
22
16
Form 990 history via ProPublicaForm 990 (FY ending Jun 2025)
05 · Who gets paid

The 8 highest-paid people.

Reportable pay in FY ending Jun 2025, from the charity and related organizations.

Stephen Peck
President & CEO (thru 1/25)
$380,518
Darryl J Vincent
President & CEO
$349,035
Daniel Warzenski
Chief Financial Officer
$277,952
Donald Grady
VP of Human Resources (thru 8/24)
$243,340
Laney Kapgan
VP Development
$226,621
Carla Ford
Legal Counsel
$212,230
Larry Williams Jr
Vice President of Programs
$210,988
Jessica Rohac
VP Operations and Compliance
$210,988
Form 990 (FY ending Jun 2025), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Kalihi-Palama Health CenterSub contractor$2,246,062
Umom New Day Centers IncVa sub$1,211,637
First Rate Staffing CorporationStaffing$705,682
Habilitat IncFood services$530,778
Shamrock Foods CompanyFood vendor$527,343
Form 990 (FY ending Jun 2025), Part VII, Section B
06 · Questions

The questions people ask about the United States Veterans Initiative.

Short, sourced answers. Each one stands on its own.

How much does the United States Veterans Initiative CEO make?

Stephen Peck, President & CEO (thru 1/25), received $380,518 in reportable compensation in FY ending Jun 2025, 0.4% of United States Veterans Initiative's $108.2M in spending.

Form 990 (FY ending Jun 2025), Part VII

What percentage of United States Veterans Initiative donations go to programs?

United States Veterans Initiative reported 85.2% of FY ending Jun 2025 spending as programs, 2.1% as fundraising and 12.8% as management.

Form 990 (FY ending Jun 2025), Part IX

How much money does United States Veterans Initiative have?

Net assets were $16.3M at the end of FY ending Jun 2025, about 1.8 months of spending.

Form 990 (FY ending Jun 2025), Part X

Does United States Veterans Initiative have any red flags in its filing?

Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.

Form 990 (FY ending Jun 2025)
07 · Sources and citing

Every number, traced.

  1. United States Veterans Initiative Form 990, FY ending Jun 2025 (IRS e-file)
  2. United States Veterans Initiative Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “United States Veterans Initiative: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/united-states-veterans-initiative/